6 First-class Personal Budget Spreadsheet

Home

Spreadsheet Templates

6 First-class Personal Budget Spreadsheet

root. Spreadsheet Templates. February 26th , 2021.

Do you want to track your income and expenses incurred regularly?

The Personal Budget Spreadsheet helps with tracking, managing and calculating your income, expenses, and savings. The first sheet is a Personal Budget sheet that holds records of income, expenditure and savings details of an individual on a monthly basis. This template includes most of the heads of expense. We highly recommend keeping this sheet updated regularly for a real insight at all times. The spreadsheet helps you with setting some savings goal as well. The monthly breakdown helps you in analyzing the months that you saved more and the ones on which you spent more. You can easily track different kinds of expenses incurred under categories, such as home, daily living, transportation, etc. The sheet also gives the Potential To Save value for each month.

The second sheet is Dashboards sheet that provides the summarized data of the Personal Budget sheet graphically. The income and annual expense are represented as pie charts that give an easy to understand distribution view of the budget. There are bar chart and doughnut chart that represent a monthly distribution of the expenses under various heads. It also has an income, expenditure, and savings line chart.

Start by downloading the template and recording your income followed by expenses into the spreadsheet. The first worksheet is the personal budget worksheet that will hold the details of the possible sources of income as well as amounts received through each of the sources. The various sources of income included by default are:

Salary / Wages
Business
Pension
Interest / Dividends
Miscellaneous

The worksheet also includes a savings goal set for each month that one should aim to achieve through successful budgeting. The savings goal can be a single goal or a set of projected goals. The net value of the savings goal is calculated on a monthly basis as well as an aggregated annual amount of savings. The monthly analysis help in obtaining a projected image of the overall saving targets that individuals aim to achieve and the amounts that they can potentially allocate towards their savings. It also helps with making better decisions regarding your savings and expenditures.

Home
Daily Living
Transportation
Entertainment
Health
Holidays
Recreation
Subscriptions
Personal
Financial Obligations
Miscellaneous Payments

The potential savings made by an individual are calculated by simple subtraction of the sum of the Total Savings Goal and the Total Expenses from the Total Income. This value is calculated both on a monthly as well as annual basis.