There are even specialty templates, such as a personal monthly budget, a college budget, a home construction budget, and an event planning budget. These free budget templates are an easy way to get an overview of your cash flow (monthly expenses versus monthly income). Microsoft Excel isn’t all about complex formulas. The aim is to use tools that allow you to devote fewer hours to your money management. When it comes to budget templates, it’s best to keep them simple, and there are many user-friendly tools available to save you time and stress. Does this mean you need to master complex financial formulas? Not at all. ![]() The thought of creating a budget spreadsheet can be intimidating. But, it doesn’t have to be! I spoke with a couple in episode 114 of my podcast about how a big income lead to big debt.ģ Budget Spreadsheet Templates to Get You Started The entire point of these tools is to simplify money management so you can think about your money less, not more.įor many people, budgeting and planning for big expenses like vacation are a struggle. Then, you can use a budgeting app to help you stick to it, for example, by automating your expense tracking. Straightforward spreadsheets can help you create your conscious spending plan. ![]() Finally, you need to stick to your plan.īudgeting spreadsheets and tools can help you every step of the way. You then need to decide how much money to allocate to each bucket. You need to start with a bullet-proof budget, categorizing all of your expenses into one of those four buckets: fixed costs, investments, savings, and guilt-free spending. This template is made up of two sheets, one for your budget breakdown and the second is your dashboard.Conscious spending is a great way to enjoy life while still building a financially secure future. Now that you’ve made a list of your goals and started tracking your expenses, you can begin creating your actual budget using a personal budget template.īegin by downloading the personal budget template, and inputting your income, savings goals, and expense amounts for the first month. Getting Started With a Personal Budget Template in Excel Be sure to have monthly check-ins on your budget and don’t hesitate to update it as your circumstances change. Additionally, just because you create a budget one month, doesn’t mean your expenses and goals will be the same for the next. Using a personal budget template is helpful to get your budget started, though you can always personalize your budget to match your specific needs. Of course, you may decide to change the amount you budget for each item, but this will at least provide a baseline to go off of. Review your bank statements for the last three to four months to get an idea of your spending. To make accurate estimates of how much you should allocate to each expense within your personal budget, you will need a sense of how much you are currently spending in each area. Your long-term goals could take many years to accomplish, with examples of long-term goals including saving for your child’s education or your own retirement. Short-term goals should only take a year to accomplish and would include items like paying off a credit card. Determine why each goal is a priority, how you plan to achieve them, and the timeframe in which you would like to accomplish them. Take some time to make a list of your short and long-term goals. To get started, you want to consider the following steps to help you establish your personal budget: Taking control of your finances with a personal budget template will help you make headway on these goals. Getting started with the Smartsheet APIĬreating a personal budget is not only important for your financial well-being and peace-of-mind, but also for your short and long-term goals.ENGAGE 2023 Smartsheet ENGAGE brings together our global customers, experts, and partners to share their experiences, ideas, and best practices.Smartsheet events Your hub for Smartsheet events, webinars, Q&As, and user groups.Partners Learn about the Smartsheet partner program and access our partner directory.Community Explore user-generated content and stay updated on our latest product features.Help and Learning A comprehensive knowledge base, including articles, tutorials, videos, and other resources that cover a range of topics related to using Smartsheet.Content Center Articles and guides about project management, collaboration, automation, and other topics to help you make the most of the Smartsheet platform.
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