This budget Excel template compares project and actual income and projected and actual expenses. Excel does the math so you can concentrate on your finances. With a personal budget template, budget management is so easy. Or you might be able to save more if you get a pay rise or you pay off some debt. Streamline how you budget your income each month with this comprehensive budgeting template. Your budget needs to work for you and your lifestyle so it's important to adjust your budget as things change.įor example, if your expenses start to increase you may need to reduce your spending, or change your savings goal. Even a small amount set aside regularly will make a difference. Compare projected costs with actual costs to hone your budgeting skills over time. Input your costs and income, and any difference is calculated automatically so you can avoid shortfalls or make plans for any projected surpluses. Having some savings can create a safety net for unexpected expenses. This Excel template can help you track your monthly budget by income and expenses. Once you know how much money you have for 'wants', you can work out how much of it you'd like to save.
If you have a savings goal you can use your budget to work towards it. This will help you to see where it goes and keep within your spending limit. Make a plan for what you want to do with your spending money. Your spending money is for 'wants', such as entertainment, eating out and hobbies. The money you have left after expenses is your spending and saving money. A monthly budget planner, designed to help with planning your monthly spending aligned with your projected budget, contains same categories as a yearly budget. If you tracked your spending, use your list of transactions. If you kept your income, expenses, savings, etc. Include what the expense is for, how much and when you pay it. You can save your Excel budget spreadsheet as a template to use every month.
To make sure you've recorded all your expenses, look at your bills or bank statements. family costs, like baby products, child care, school fees and sporting activities.Modify this goal-saving calculator template by adding a goal, the date parameters, and the amount and.
transport costs, like car registration or public transport This accessible savings estimator template can help.household expenses, like food and groceries.Regular expenses are your 'needs' - the essential items you need to pay for to live. This money could be from your wages, pension, government benefit or payment, or income from investments. how often (weekly, fortnightly, monthly or yearly).Make a list of all the money coming in, including: If you don't have a regular income, work out an average amount. Record how much money is coming in and when. For example, if you get paid weekly, set up a weekly budget. Use how often you get paid as the timeframe for your budget. You can put aside money for bills and expenses and set up a plan to reach your financial goals.įollow these steps to get started. Having a budget helps you see where your money is going.