Lastly, Excel makes it easy to tally up a total cost across columns. You can estimate how much you’ll pay per month for utilities, or if you know that you have a fixed rate for mortgages and loans, you can fill in the blanks ahead of time. Your rows can be tied to the months in this year where you’re anticipated to make monthly payments or save for major repairs. In an Excel template, you can create new sheets for each of these major categories, then break them down to specific expenses.įor example, create a new sheet, name it Housing, and then dedicate a column to the expenses that fall under this category (monthly mortgage payments, anticipated home repairs, etc.). Goals: Something you might be saving for in the long term, whether it’s a new car, an appliance upgrade, or sending a child to college.Emergency savings: Create an emergency savings fund and be prepared for anything.Entertainment: streaming subscriptions, video games, live shows, upcoming vacations and weekend getaways.Utilities: gas, water, heat, electricity, and Internet.Transportation: auto loans, public transit fare, car maintenance and repairs.Housing: mortgage payments, home repairs, homeowners’ insurance, and property taxes.Important categories in your personal budgetįor the average household, expense trackers usually contain the following: The fundamental questions you want to be able to answer with a quick glimpse are, “What did I spend my money on, and how much did I spend?” Spreadsheet software like Excel is ideal for displaying this information in rows and columns. You may not share, distribute, or resell the templates to anyone else in any way.Manage your finances with this free expense tracker template Go to Excel Licence Agreementīy downloading our free templates, you agree to our licence agreement, allowing you to use the templates for your own personal or business use only. If you run your own small business, then this budget spreadsheet UK will work just as well to keep track of your company finances, and further information is available in our templates section. It allows you to see how the spreadsheet may be of use with your personal accounts. Download the sample, which will give you the chance to experiment by adding entries and changing figures.Įntering the costs for the whole year along with an annual budget. ![]() We have set up an example so that you can see how it works. Differences between budget and actual figures are seen each month and a total page for the year.If your circumstances change, your figures can be updated at any time. ![]() The Budget and Banking worksheets for the year printed on one page.There are five income codes and thirteen expenditure codes.Income and expenditure categories can be named to suit your needs, e.g.Budget for the year entered on one page.Easy to use – set up and run in 5 minutes.Free to download and use – No catches and no adverts.The personal budget spreadsheet includes actual bank figures.When looking at your income, don’t forget to include salary increases, overtime and bonuses.įull instructions are available on how to set up the budgeting Template in Excel. It is always worth being realistic about the figures posted. ![]() Other costs will vary, especially for Birthdays, holidays, Christmas and any exceptional circumstances. Some entries are easy to post and are the same each month, like monthly direct debits. Start by looking at your previous year’s figures and decide if they will change this year. It will include things like car servicing, a cup of coffee while you are out, and clothes shopping. When setting up your budget, you must be realistic about your spending and look at your costs. It can assist in finding where savings can be made lots of useful websites can show you the best way to reduce your outgoings one of our favourites is Money Saving Expert. Seeing your accounts on one page can help to achieve this. Keeping costs down can be critical, especially if finances are tight, saving for something or paying off debt. Not only can you set up a budget on one page for the year, but by adding your actual banking of income and expenses month by month, you can compare your budgeting with actual figures.
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