If you're trying to maintain a realistic budget, the Consumer Financial Protection Bureau (CFPB) recommends creating a budget spreadsheet or worksheet to track your income and expenses. That way, you can budget your money appropriately for your needs. Spreadsheets help you to see how much income you have, as well as how your money is spent. Much like a business, a person benefits from using a spreadsheet for their finances because it places all the information they need in one easy-to-read place. All of these entities use spreadsheets for creating budgets, tracking spending, and creating reports for their financial matters. Since then, the technology has been adopted by businesses, banks, and governments.
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. Learn about all of your options, here.ĭan Bricklin and Bob Frankston created the first financial spreadsheet program in 1979. Streamline how you budget your income each month with this comprehensive budgeting template. Managing your personal finances can seem like a daunting task, but it doesn't have to be: There are many budgeting and personal finance spreadsheets readily available online. Budgets help you plan for your monthly expenses, activities, needs, and even your financial future. By planning many months ahead, you can account for variable expenses and estimate how major life changes like moving, changing jobs, or purchasing a home may affect your financial future.
One of the best methods for managing personal finances is to create a budget.Ĭreating a budget can help you keep your finances organized and also control the amount of debt you might require to live the way you want. Like my Family Budget Planner, this personal budget spreadsheet can be used to create a yearly budget. Basic living expenses need to be maintained for a reasonable quality of life, which can be attained by most people if they manage their finances correctly.