Personal budget spreadsheet example11/9/2022 ![]() You can systematically confirm as you pay your bills that each one has either been paid and moved a column to the left or postponed and moved to the "next Payday" column. The totals in the "Total" row automatically adjust because of the formulas contained in the cells in that row. Track Your Progress/Check Your StatusĪs you pay each bill, you can cut the amount paid from the "Pay this Payday" column to the next column to the left, using that as a "Paid" column. That could also lead to being fined by your state's Department of Motor Vehicles for being an uninsured driver. You don't want to be too late with an auto insurance premium, though, lest your insurance is canceled. Whether you want to better control your finances or are saving for a specific goal, there’s a personal budgeting template from Excel that will work for you. Monthly and yearly totals are calculated, and sparklines highlight trends and patterns in your spending. ![]() The $200 for car insurance has also been moved since it will only be one day late and also has no late fee (this example shows a monthly auto insurance bill). Personal budget templates help you track monthly income and expenses. There is no late fee for this bill (in this example) as long as you aren't late more than once a year or so. In the first Payday Budget Spreadsheet, notice how the $100 for the gas utility has been moved from the “Pay this Payday” column to the "Next Payday" column. Be aware of how much should be there for each purpose, but do what you need to do in case of an emergency. So a total of $100 should go into the Emergency Fund account from the first paycheck and a total of $150 from the second. The totals for both paydays will automatically increase to $1300, and the difference in both payday columns will go to $0. They are made more even by specifying $75 to be saved for the semi-annual auto insurance payment from the first paycheck, while $125, a larger amount, is to be saved from the second.īecause the worksheet shows $25 is left over from each paycheck, we can enter $25 in the Emergency Fund row in both payday columns, F6 and G6. The bills are distributed as evenly as possible between the two monthly paydays. The main idea for this worksheet is to plan which expenses to pay out of which paycheck each month so that you can avoid getting yourself in a financial bind by spending money for wants that you should have reserved for needs. Explanation of Simplified Monthly Budget Worksheet ![]()
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