root. Spreadsheet Templates. February 26th , 2021.
Want to plan your budget for the month in advance?
The Personal Monthly Budget Planner spreadsheet helps in allocating the budget for the month for various expenses at the start and monitoring the difference against actual expense at the end of the month. You can easily allocate budget for a category of the expense and record the actual cost incurred for that category during the month. The personal monthly budget sheet stores the income details like wages, interest/dividends, refunds/reimbursements and transfer from savings etc. for the current month. This spreadsheet records a range of categories and heads of expense to cover all sorts of payments or expenses that you might incur. We recommend you to update the list regularly for the actual cost incurred against the budgeted cost in order to correctly calculate the variation from planned budget at the end of month. You can manage various different kinds of expenses incurred related to home, daily living, transportation, etc.
The Month Total table at the top of the sheet provides the summarized budget details for the month at a glimpse. This spreadsheet is similar to the personal budget spreadsheet and the only difference is that you can just track the budget for the current month only using this sheet.
Begin by downloading the template and recording your income details in the first table from all sources. The various categories of the income are:
Then allocate a budget for every type of expense at the beginning. You should regularly update the details for the actual expense incurred under each head. The sheet allows you to set budget for each kind of expenditure keeping your income heads in mind. The net value of each sub table is calculated separately. The monthly analysis helps in getting a better idea of the overall budget targets that a person sets and the amount that he/she is able to actually save. It also helps you in taking better decisions on your monthly savings and expenditures to increase your savings.
The spreadsheet helps in maintaining the record of each buck spent under following categories:
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