![]() To create your own budget spreadsheet, you’ll need to get a new blank workbook open in Excel for your budgeting spreadsheet. Having specific, measurable goals in place will make it easier to track your spending habits throughout the month. The answers to these questions will help you set your short-term and long-term goals. These are all questions that you can use to help determine your financial health and the best budget plan for you. What are your current financial goals? Are you saving each month, or have something to save for? Are you paying off credit cards or student loans? It will be much easier to create your monthly budget once you have all of your goals in mind. It’s essential to remember that budgets are all about planning for your spending, so the first step is to identify your financial goals. You can create a new sheet with ease, and separate your records however you please, but we’ll give you run down of how we make our budget at our Savvy home: 1. ![]() Now that we’ve told you why you may want to make a budget in Excel, let’s show you how it’s done! If you don’t want to follow steps for how to make a budget in Excel, you can find one that fits your needs and plug in the numbers for each month. ![]() You can create a budget with just a few simple formulas, and you can adjust the spreadsheet to your specific needs as they change over time.Īnother great option with Excel is the budget templates that are available online. It’s also easy to use and helps you organize your information to make sense for your financial plan. It’s top-rated for personal finance usage! Why Use Excel?Įxcel is an excellent program for creating budgets because it is a powerful and flexible program. For example, if you want to track your budget for health care expenses, you can filter expenses by category and make everything easy to find. Plus a spreadsheet like Excel means you can more easily find expenses and income in your budget. The great thing about using a spreadsheet to organize your budget is that you can use it again and again once you have your setup done and formulas created.Ī spreadsheet allows you to use different formulas or functions that help you organize your data into useful information, such as how much cash is left at the end of the month or if you’re over budget. It’s really the fastest and easiest way to get started when you are a beginner.īut we also see why people like the ease of spreadsheets as well. Now we are a fan of the pen-and-paper method. Monthly Totals (Are You Overspending Money?) ![]() To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. ![]() You may also visit the individual sites for additional information on their data and privacy practices and opt-out options. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the DAA or through the Network Advertising Initiative's Opt-Out Tool. Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. Relationship-based ads and online behavioral advertising help us do that.īank of America participates in the Digital Advertising Alliance ("DAA") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). We strive to provide you with information about products and services you might find interesting and useful. ![]()
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