Tips On Creating An Excel Budgeting Spreadsheet

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By Tammie Caldwell


You want track your spending and you know that you would want to ensure that you become more proactive with how you're going to spend your cash. This is the reason that you have decided to do something to ensure that you know exactly if you are spending what you are earning right. Here are some of the things you need to do to achieve this.

It is a good thing tough that there are number of resources that are reset for you these days that can be utilized for this purpose. This would be a good opportunity to explore which of these resources will really reflect your needs best. A good choice would be to use an excel budgeting spreadsheet. Here are some of the things you can do to really make the must of it.

This would be a simple, easy and effective way for you to find out how much you have been earning. This also allows you to determine those things that you've been spending this earnings on. Thus, you can assess whether you are indeed spending your income the right way. This is a really good way for you to get your budget tracked without the need for you to have to buy a software for this purpose.

You are supposed to track your income and your spending for at least two months first. Before you start creating this personal budget tracker, you have to determine who much you have been earning so far. You need to get an average of your monthly income and you need to get an average of your earnings too. This should make it easier for you to determine how much is coming in and going out of your pockets.

You would want to know how you have been spending your money over the past two months, this will give you an idea of the stuff that you have been buying. This can then be used as information that will categorize your spending, when making categories for the spreadsheet, it is best to get things put under broad categories. You can always get things sub-categorized under it.

You want this spread sheet to be structured in such a way that it would be easy enough for you to understand. The last thing you want is look at the spread sheet with all these numbers and data and information and not understand what they stand for. Do this wrong and you will only likely end up getting confused about the entries that are there. So, make sure that you keep things organized.

Make sure that this is done in an organized manner. Shading the categories and the sub categories with different colors would make it easier to identify which columns are for what. You are only likely to get confused with all the data that you have entered if there are no colors to differentiate the categories from each other. So, use shading to make things a lot easier for you.

You would want to take advantage of the use of excel formulas too. This would allow you to easily organize the data that you have entered to analyze not just your earnings but your spending too. This will also help ensure that you get a well-structured budget sheet.




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