Any free Budgeting Template
Anyone have an excel budget template they swear by?
Here is one that I made and use. Download it for yourself, don't try to edit it.
This is a fairly straightforward template. I deleted all the stuff that is personal to me. you make your categories on the first page. You decide what your regular expenses are, what you want to save for, and what cards you use. I use multiple credit cards so it is useful for me to track all the balances here, since I'm logging transactions anyway.
On the second page you are logging the transactions. Date, card used, amount, brief description, and where it is coming from.
The third page shows how your savings are spread out and what how much you should have going at your current rate.
I'm on mobile, so if something doesn't work right, let me know and I can fix it later.
More on reddit.comSharing my monthly budget spreadsheet that I've been using for over 5 years...
Any recommendations for a budgeting spreadsheet?
What are the Elements of a Budget?
A budget must contain the following elements
- Total income
- Fixed expenses or liabilities
- Flexible costs that may vary time to time
- Unplanned and miscellaneous expenses
- Total savings or surplus
- Total deficit
- Debt services
What are the 3 Types of Budgets?
- Balanced Budget- In this budget, the revenue and expenditures are at an equal rate.
- Surplus Budget- It is a well-managed situation when income exceeds outlays or expenditures.
- Deficit Budget- It occurs when the expenditure exceeds the total earned income.
What is the Purpose of Budget in Business?
A budget serves as a financial plan in every business. It forecasts and tells how a company could perform financially in the future. A budget helps to carry forward different business operations. A manager forecasts possible income and expenditure to get an idea of the profitability.