![]() A logical starting point to building a budget. Choose a spreadsheet program or template. Enter your numbers and use simple formulas to streamline calculations. Set your budget period (weekly, monthly, etc.). Create categories for income and expense items. You just need to find the one that works best for you. Choose a spreadsheet program or template. ![]() There are plenty of other budgeting strategies available. ![]() If you aren't ready to commit to the chore of taking a deep dive into your accounts each month, that's OK. You might have specialized categories for things like "fishing" or "knitting." Don't be afraid to drill down into your specific spending patterns to build a spreadsheet that will reflect your real spending choices, including your desires and hobbies. If you decide to move forward with a budgeting spreadsheet, you can craft one with categories that suit your needs. As you look at each expense, you'll be forced to consider whether or not each purchase was worth it. Use our budget calculator to estimate how you might divide your monthly income into needs, wants and savings. In the very first month, you'll quickly see where you are overspending. The 50/30/20 budget is a good tool to do just that. For an easier view, I have done this just below the income part, but you can do that in a different tab too. For a quick and easy budgeting tool in community languages. See FAQs below for instructions on how to print and save your budget. Use our Excel spreadsheet version if you want to access your budget across multiple devices. You'll need to be willing to commit around 30 minutes a month to pore over your expenses. Once you have added your income, you can add your expenses. This budget template enables you to: work out where your money is going. Is a budget spreadsheet right for you?Ī budget spreadsheet is a bit more time-consuming than a budgeting app. Plus, we've even been able to set aside funds for big money goals like retirement.īut we haven't had to stop spending on things that we value, thanks to the monthly reminder of our spending choices. ![]() We've built savings for a down payment on our first home and built a $35,000 emergency fund. Since using a spreadsheet to budget, we've been able to tackle big financial goals by identifying areas where we can cut spending and save more. An example of the author's budget spreadsheet. ![]()
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