Where and How to Find a Free Excel Template? 1. For better money management, customize the template to your unique needs. Keep in mind that different scenarios require separate budget sheets, such as personal budgets, corporate budgets, or project budgets. Tracking: To keep on top of your budget, update and report your spending on a regular basis. Savings: Set aside a percentage of your earnings for savings or an emergency fund.īudget Categories: Create budget categories to monitor spending such as housing, transportation, food, entertainment, and healthcare.īudgeted Amount: Based on your financial goals and income, choose a target amount for each area.Īctual Expenses: Keep track of the actual amounts spent in each category and compare them to the planned numbers. Income: Include a space for any sources of income, such as a salary, investments, or side hustles.Įxpenses: Sort your spending into categories such as fixed expenses such as rent and utilities, variable expenses such as food and entertainment, and debt payments. Algirdas Jasaitis How to Create an Appropriate Excel Budget Template?Ĭonsider include the following vital components in your Excel budget template: