#CREATING A HOUSEHOLD BUDGET IN EXCEL HOW TO#

If you budget biweekly (like us), you may also put the pay period ending date.

Personal Budget Spreadsheet The 12-month version of the personal budget version. To create the income portion of your budget, select cell A1 and type in the current month.

Personal Monthly Budget - Like the one above, but less detailed, and designed to fit on a single page.

Family Budget Planner - This is the 12-month version of the household budget spreadsheet listed above.

Money Management Template - Record transactions to automatically populate the budget vs.

If you add or remove any categories, just make sure that the formulas used for the totals don't get messed up. If your Net is negative, that means you have overspent your monthly budget.Īdding or Removing categories: The household budget template contains a very detailed list of categories, which you may or may not need. The Monthly Budget Summary table totals up all your income and expenses and calculates the Net as Income minus Expenses. If you spend more than you budgeted, the Difference between the Projected and Actual values will be negative, and if your Actual income is less than your Projected income, the Difference will be a negative number. In this spreadsheet, the calculations are set up so that negative numbers are bad. The cells in the 'Difference' column use conditional formatting to make negative numbers red. At the end of the month, you record in the 'Actual' column how much you really spent during the month. 3, Enter your monthly income (Incoming Money), expenses (Outgoing Money) and savings (. This represents your goal - you're trying to keep from spending more than this amount. You record your desired budget for each category in the 'Budget' column.

This guide will walk you through creating a budget in Excel. It lets you track your income, expenses, and savings, helping you make informed financial decisions. Creating a budget is an essential step towards financial stability. The purpose of this worksheet is to help you compare your monthly budget with your actual income and expenses. Microsoft Excel allows you to keep a historical record of your budgets. Within the first sheet, you will find three sections, including income, savings and expenses. This template is made up of two sheets, one for your budget breakdown and the second is your dashboard.

#CREATING A HOUSEHOLD BUDGET IN EXCEL HOW TO#

You may also want to read the article ' How to Budget'. Begin by downloading the personal budget template, and inputting your income, savings goals, and expense amounts for the first month. Our article ' How to Make a Budget' explains how to use these spreadsheets to create your budget. You'll want to replace the values in the Home Expenses category with your own. To use this template, fill in the cells highlighted with a light-blue background (the 'Budget' and 'Actual' columns). 42 Effective Ways to Save Money Budgeting Tips for the New Year Using the Household Budget Worksheet

Creating a household budget in excel