How to Create a Simple Budget Planner Spreadsheet?

Budgeting does not only applies to the corporate world, but it is also applicable to most individual even without a financial background. It doesn’t matter if you’re earning six-digits or living paycheck to paycheck as long as you know how to handle your finances. It is not about cutting all the fun, it is about correctly allocating the funds you have. In this article, we will help you build and maintain your budget planner spreadsheet.

How to Create a Budget Planner?

Here’s a guide you can refer to when creating a budget plan.

• Prepare a tabular form of your desired frequency. You can either do your budget weekly, monthly or annually, depending on your need. Define all your sources of income as well as your expenses. However, it is best to keep your budget monthly.
• Once income and expenses were filled out, calculate the total. You can use the sum function.
• Ascertain how much you have left after all the cash flows. The difference between your income and expenses would be your savings, which you may opt to save in the bank or invest in the stock market.

You can further furnish your budget by organizing each cell in your budget plan. Formulas will make your work a lot easier. You can also group your expenses according to their nature and provide for dates on when such expenses will be paid. The budget planner will help you track your expenses precisely. Excel has a bunch of useful features you can work on, such as conditional formatting and graphs. However, if you are having difficulty filling out various expenses categories, try using this budget planner spreadsheet to help you organize everything. This spreadsheet includes the most common expenses and could help you track your budget in an orderly fashion.

Conclusion: A budget planner best work on a spreadsheet.

When you are creating a budget, you have to keep in mind what your priorities are. Why do you need a budget plan? In practice, a budget is being used as a basis of performance to ensure that target is being met. However, for some, you may consider what you want to achieve, then break your goals. Setting a timeline for unlocking each goal will help you track your progress and stay motivated with your savings plan. Thus, keeping your spreadsheet handy could be of great help in maintaining your momentum.

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