The “DIFFERENCE” column will be calculated automatically. You’ll notice that the expense categories are broken down into much greater detail, allowing you to be very specific about how you’re spending. Now it’s time to add your expenses to the sheet, so fill out the “ESTIMATED” and “ACTUAL” columns. It should be to the right of the “Income Inputs” tab. Once you’ve input all your income sources, click on the “Expense Inputs” tab at the bottom of the spreadsheet. Fill out the “ESTIMATED” and “ACTUAL” columns with your income from your paycheck, bonuses, and other sources. Step 1:įirst, open the “Income Inputs” tab, which you’ll find at the bottom left-hand side of the spreadsheet. Get started by clicking the “Download” button, then opening the budget template with Microsoft Excel or Google Sheets. The steps for using the detailed budget template are the same as the simple budget template, but you’ll have a lot more inputs. Our detailed budget template allows you to track your spending more granularly. However, it doesn’t give your recommendations and actionable insights like the app.īudgeting Using a Detailed Budget Template Fewer actionable insights: With the template, you can see basics about your spending habits.Minimal detail: This template doesn’t go into as much detail as other templates or budget tracking tools.Manual process: Unlike with the Mint app, you have to manually input all of your numbers each month.Insight into your finances: While this template is simple, it can help you get a high-level view of where you’re spending and where you might need to cut back.Easily keep tabs on your budget: It’s easier to keep track of your budget when you use an organized worksheet like this one.Saves time: The framework is already set up for you, so it can be a good time-saving tool.Designed for budgeting beginners: This simple budget template is easy to use for beginners who don’t know where to start with their budget.Here you’ll see a breakdown of your spending by category, your income versus your expenses, and more. Your “Budget Summary” will automatically generate results based on the income and expenses you added to the budget worksheet. Once you’ve added all your expenses, click on the “Budget Summary” tab to the right of the “Expense Input” tab. Again, the “DIFFERENCE” column will automatically populate. Go through each category and fill out the “ESTIMATED” and “ACTUAL” sections. This tab is just to the right of the “Income Input” tab, and clicking it should bring up a list of expense categories including bills, transportation, entertainment, child-raising expenses, and more. Next, you’ll need to click on the “Expense Input” tab at the bottom of the sheet. Filling these columns out will automatically complete the “DIFFERENCE” column and show you your total income. You’ll need to fill out both the “ESTIMATED” and “ACTUAL” columns. This includes various income sources such as your regular paycheck, earnings from investments, bonuses, and more. Here you’ll see the full list of income categories. Start by clicking on the “Income Input” tab at the bottom of the spreadsheet. To start, you’ll need to click the “Download” button to download our simple monthly budget template, then open it with Microsoft Excel or Google Sheets. Our simple budget template uses categories for your income and expenses, which you can use to track how much money is coming in and going out each month. Get Started Today Budgeting Using a Simple Budget Template
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