Hello everyone! As most of you, it has been impossible to find a budget tracking tool that fits perfectly your needs. That's why I developed my own and I think it can be general enough and usable for a lot of people.
https://docs.google.com/spreadsheets/d/1L1KvGzp3aHBJNIwEBGnty5ureJnp-kt7Zi8s2hkqC8w/edit?usp=sharing
First of all:
- it fits my requirements (single, one source of income, basic expenses)
- it is quite simple but with much room for improvement
How does it work:
- on the first sheet ("Budget"), you can set your monthly budget by specifying your salary and the percentage of each of the categories (Living expenses, Extra and Savings)
- duplicate the sheet "MonthTemplate" for each month
- here you can add expenses to each of the category
- the budget created in the first sheet will be imported in the month sheets to compare with the actual expenses
Note:
- the spreadsheet requires the extension Formulas by Top Contributors (https://workspace.google.com/marketplace/app/formulas_by_top_contributors/515924842729) in order to get the Spreadsheet ID (used for the =IMPORTRANGE function)
Let me know if you have any question or suggestion!
What Google Sheets budgeting templates work best for monthly expense tracking?
Best Google Sheet Template for budgeting
Budgeting Template for google sheets?
Google Sheets Budget Template
Is there a free budget template?
Yes, absolutely. Google Sheets has several pre-made templates for you to try out. There are also budgeting apps that integrate with major banks (even if you’re not using dollars and live outside the US) and can automatically split your spending into categories and display everything visually. monday.com offers several budget templates to help on your budgeting journey.
How do I make a budget spreadsheet?
How to make a budget spreadsheet varies from business to business, so there’s no set formula. However, most budget spreadsheets include parameters like revenue, expenses, profit, loss, and outgoing costs. If you want to use Google Sheets, you can choose one of the ready-made templates. If you’d prefer to use an interactive budget template, take a look at monday.com.
How to budget for beginners?
It’s easier than you might think First, figure out your after-tax income. Second, choose a system or a budget app you want to use. Third, create spending categories and break down your sheet by week. Then, write down all of your spending into the sheet or app, and finally - analyze month to month and create a plan for the next 3-6 months.