12/25/2023 0 Comments Personal budget tools excel![]() ![]() This is the first step when creating your budget – to identify how much money you have coming in. Here are steps to consider when creating your template: When creating your own personal finances template, you should find a way to keep track of your finances to suit your objectives. Having a personal budget spreadsheet helps you feel in control of your finances, allowing you to save money for your personal goals. Personal budget spreadsheet 30 (25.50 KB) How do I create a personal budget spreadsheet? ![]() Additionally, a personal budget helps you make better decisions when it comes to your expenditures and savings. You can perform an analysis each month to help you obtain an estimated image of the total savings target you aim to achieve plus the amounts that you can potentially set aside towards your savings. To achieve successful budgeting, you might want to include in your personal expenses template a savings goal that you set for every month. The most common sources of income include the following: ![]() Savings: emergency fund, RRSPs, RESPs, TFSAs, seasonal expenses (e.g.Personal budget spreadsheet 20 (45.03 KB) What is included in a personal budget?Ī personal budget spreadsheet contains the details of your possible income sources as amounts received from various sources. Personal: tobacco, alcohol, books, music, clothing and shoes, donations, subscriptionsĮating Out: meals, snacks, take-out, beverages (coffee, tea, juice, soft drinks)Įntertainment: recreation, sports equipment and fees, movies, concerts, hobbies, gamingĬhild: daycare, lessons and activities, allowance, school supplies and fees, babysitting, programs, tutorsĭebt Payments: credit cards, loans, leases, support payments, government debts, personal debt Health Care: medical premiums, life insurance, medication, eye care, dental, supplements, wellness costs Transportation: fuel, auto insurance, transit, parking, taxi, rentals, car sharing, tolls Living: personal care, bank fees, salon and spa services, dry cleaning, pet costs, memberships (fitness, clubs, associations) ![]() Groceries: food, baby needs, household supplies, toiletries Household: furnace, water tank, roof and gutters, decor, upgrades, storage locker, gardening, cleaning services, outdoor equipment and maintenance Utilities: phone/cell, cable/internet, gas, hydro, security Housing: mortgage, rent, strata fees, house insurance, property taxes View a sample of a completed tracker (from the previous version of our Monthly Expenses Tracker).Įxpense Categories – Know Where Your Money is Going This becomes the cash balance for the next week. If there’s a surplus, you should have money in your wallet or bank account. Total all columns and subtract actual expenses from actual income.On these pages, keep track of seasonal expenses rather than recording on your weekly pages. You also need to record weekly savings amounts on pages 14 – 15 of the Expense Tracker.You may want to track coffees, dining out, or fuel separately. You can then use the blank columns to create your own categories. List the dates down the left side and record actual money spent each day.You should also list any income you may expect to receive during each week. Record cash balances on hand or in your bank account.For example, a 7 day tracking period would be March 30th to April 5th. For each week, record dates you are tracking.The expense categories listed further below and on page 1 of the Expense Tracker will help you decide which expenses to record where.Open a copy of our Monthly Expense Tracker. ![]()
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