Lastly, within your monthly tabs, capture the amounts saved each month. You can then use formulas to track your progress in paying off each debt over time. credit card balances, student loans, etc.) and the amount you owe for each. To track your progress in paying off your debts, you can include a separate section on your expense tracker worksheet where you capture monthly payments made towards your outstanding debts (e.g. You can also include any notes or details about each income source if necessary. To track your monthly income, within the monthly tabs, add a section for you to list out each of your income sources and the amount of income you expect to receive from each source each month. You can also use conditional formatting to highlight any expenses that exceed a certain threshold or fall outside of your budget. In terms of formulas, you can use Excel's SUM function to automatically calculate the total amount spent in each expense category, as well as the total amount spent overall. For example, you might want to note whether a particular grocery purchase was for a special occasion or if a transportation expense was for a work-related trip. Next, you can add additional columns for any relevant notes or details about each expense. Then, create a column for the expense amount and a column for the date of the expense. groceries, transportation, utilities, etc.). Label each tab with the corresponding month.įirst, create column headers for each expense category you want to track (e.g. You can also choose a suitable color scheme, font style, and size for your spreadsheet.Ĭreate 12 tabs, one for each month of the year. Rename the spreadsheet as "Budget Planner" or any other name of your choice. Open a new spreadsheet in your preferred software (e.g., Microsoft Excel, Google Sheets). Personalize the tracker based on your own income sources, expense types, and personal financial situation (e.g., housing loan, saving for son's university)Īlternatively, if you want to save time, simply buy our professionally designed Budget Planner templates to kickstart your financial planning.Annual Dashboard tab with 9 helpful charts covering a summary of your Income, Expenses, Savings, and Debt Payoffs for the financial year.Set monthly goals for Income, Expenses budget, savings, and debt payoffs.Each monthly budget tab includes an expense tracker to track your expenses by category (groceries, transportation, utilities, etc.), income by category, debt payoffs, and savings.12 monthly budget tabs for every month of the year.In this article, we will guide you step by step on how to create a personal budget planner spreadsheet with the following capabilities: One of the most effective ways to stay on top of your finances is by creating a personal budget planner spreadsheet. Managing personal finances can be challenging, especially when there are multiple income sources, expenses, and savings goals to keep track of.
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