Money is intertwined Our everyday lives, and the way you manage it will greatly shape your future results. Whether you are trying to break the paycheck-to-paycheck cycle, get out of debt Or creating savings, a well-organized budget can help you reach your goals faster. By tracking your income against your expenses, a spending and savings plan can ensure that you are in control of your finances.
Think of it as a budget that saves your financial house from collapsing – it tells your money where to go to maintain daily expenses and reach different goals at the same time. A budget does not mean that you should be restrictive. Conversely, it allows you to control spending to ensure that you can afford the things that bring you happiness.
“A budget helps you reach your financial goals because it gives you a complete understanding of your spending and savings,” says Jim Wang, founder of WalletHacks.com, a personal finance blog. “It helps you find areas where you can cut back on your spending so that you can increase your savings elsewhere.”
Americans may need more budgets than ever before. Actually, a recent report Cleaver found that 61% of consumers are living from paycheck to paycheck and 38% have accumulated personal loans of $ 3,000 or more in the past year.
Budget Can often feel intimidating, but knowing how and where to start can alleviate some of the fear. Bobby Rebel, Certified Financial Planner and Personal Expert for Tally, a credit builder tool, calls for a simple start. “Look at your available income and write down your priorities, then work from there and see where you can make adjustments,” she says, a notebook that says a great way to improve all your expenses and purchases. The place is there, so that you can get better information. Overall spending habits.
For those who are ready to leap into the budget, it is not necessary to create a spreadsheet from scratch. Save time and hassle by using an already prepared budget worksheet. You can find templates where you manually enter your information for free or subscribe to a service that imports your financial data on a regular basis for regular financial tracking.
Finding which one works best for you may require a little trial and error, but no matter what you choose, starting the process is the first step in the right direction.
Take a look at seven of the best budget spreadsheets to start your journey Financial welfare:
- The Budget Mom’s Budget Packet
- Google sheet
- Microsoft excel
- Vertex 42
- Tiller money
- Personal capital
The Budget Mom’s Budget Packet
Sometimes placing the pen on paper makes you feel more connected to the habits you’re tracking, which makes Monthly budget packet From TheBudgetMom.com, a great resource for NewBiz budgets, Rebel explains. This free printable provides a detailed income and expense tracking chart where you enter items such as fixed and variable expenses, debt and savings. You even get a bill tracker and monthly spending chart, so you have plenty of options to test and see which works best for your money management needs and preferences.
Create or grab a customized budget spreadsheet Ready-to-go blueprint Through Google Sheets, which makes tracking finance easy. With an endless number of budget templates to choose from, you can find a tracking chart that suits your needs, whether you want to manage your budget on a weekly or monthly basis, or for a particular event such as a wedding or a budget Upcoming holiday for the template. Google Sheets offers built-in categories as well as formulas that simplify the calculation of expenses against income. Some also come with pre-prepared charts and graphs that allow you to visualize your overall financial picture. Other features include filtering expenses by category and even sending questions about some purchases directly to your partner’s email via spreadsheet. Another advantage of using Google Sheets is that it is easy to share with family members, and if you save it in Google Drive, you can access it on multiple devices.
If you have Microsoft Office, look no further than Microsoft Excel for your budget requirements. with Budget budget template Designed to meet many different financial needs, from personal family expenses to basic monthly budgets, to more specific financial tracking for holidays, weddings, vacations and more, there is something for everyone. If you prefer to create your own customized template, Basic Excel Skills will work.
The site offers a range of monthly budget templates built for Excel users for everyone. Choose between one Spreadsheet varietyFrom, personal income budgets to tracking income and expenses, to budgeting and much more. For those who need help Managing expenses on a day to day basisThe budget calendar template allows you to track expenses using the calendar format, showing you when you need to pay the monthly format. This includes daily account balances to help you avoid overdrafting your account. Before downloading any template, you can see if it will work for you by clicking on the link in the budget worksheet for a full description of the layout and a screenshot.
Entering your own financial data into a budget spreadsheet can be tedious and ultimately prevent you from keeping track of your finances, but this is where Tiller money This site streamlines your financial accounts and automatically updates the budget template in Google Sheets or Microsoft Excel with your expenses, income, and balance. Wang says this helps keep an eye on your finances, which is an obstacle for many people to control their money. You can create your own budget spreadsheet or use an existing template, which gives you more flexibility to format the budget to meet your individual needs. After a free 30-day trial, Tiller Money is $ 79 a year.
While the Mint app takes budgets a step further by organizing your digital financial accounts in one place, you can also find Budget template Designed through Excel on Mint’s website with custom options to suit different life stages. For example, college students can use the college budget template to create a financial tracking chart according to their needs. Meanwhile, a new parent may find a day care budget template helpful in managing all the new expenses that come with childcare.
When your finances become a bit more complex and you have multiple investment accounts and income sources, a basic budget template may not be enough to optimize your wealth management. in this matter, Personal capital Can provide a better solution for your budget requirements. Link all your financial accounts through your personal financial dashboard to get a snapshot of your total financial picture. Apart from monitoring your spending, investment, savings and other goals, you can also track your Total value Through this dashboard.
The budget may seem overwhelming at first, but once started it is an easy financial skill to master. You just need to find a template that meets your money needs – and stay with it until it becomes a habit.