If your car registration is due in January, for example, then your car rego category would only have a value under January, the rest of the year would be 0. Save yourself the hassle of setting up rows, columns and formulas by using a pre-made Excel template from Office. I’ve typed in some data to show you what it will look like, but you wouldn’t just type the same thing for each month. You will notice that the formulas change automatically as you add your data (tip: use the fill handle to copy values across your budget). If there are months where the income or expenses are zero, then type 0 – this will ensure that the average calculates properly. Choose the template you want to use to see more details and click 'Create' to open the template. Enter the word 'budget' into the search box and you'll see many options. If you’ve been tracking your expenses, then use the information to fill in your budget. To see the budget templates in Excel, open the application and select 'More Templates' in the Home section. Type in expected income and expenses for each month. So you want to make sure there are no calculation errors in your spreadsheet.ĭo this by entering easy data like $10 into various parts of your spreadsheet and making sure all the formulas calculate correctly. The budget decisions you make are only as good as the data you’re relying on. Save As again to create a budget just for this year. Save As now and you will have a template that can be reused every year. Tip: if you type January and click on the small black box (fill handle) in the bottom right-hand corner of cell B2 and drag it across, it will fill in the rest of the months for you without you having to type them. ![]() Next, type the months along the next row, staring at B2. Start a new document and give it a heading like Budget. Make sure to customise the spreadsheet expense and income categories to your personal circumstances. Steps Building A Basic Home Budget Spreadsheetīelow are the steps, accompanied with diagrams, to creating a basic home budget. You should always consult a qualified financial expert when making money decisions to tailor plans to suit your circumstances. In this blog, I share my savings and budget planning and what works for us. It streamlines your financial accounts and automatically updates a budget template in Google Sheets or Microsoft Excel with your spending, income and balances. If you don’t have Excel, then the free alternatives ( Open Office or Google spreadsheets) are pretty similar and this tutorial should still be helpful the functions will just be in different menus.ĭisclaimer: This is general information only. The tutorial is based on the latest version of Excel, so if you’re using the older version of Excel, you will find the same functions in the toolbar and menu bar. This tutorial starts from the very beginning for those who have never met a spreadsheet before. When you create your own budget yourself, you can customise it to meet your own needs and circumstances exactly. I have been using it now for over a decade. ![]() Excel is an awesome program for personal budgeting.
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