Hey guys! Its that time again, I am updating the spreadsheet I made for budgeting and adding in new features. I'm terrible at sticking to a budget so I originally made a sheet that breaks it down so that I just have the ability to break it down to a daily manageable amount. Since then the sheet has grown into a project I update every year!

HERES WHAT IT LOOKS LIKE

I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Another problem I faced is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. This spreadsheet is made so you only focus on ONE number.

The sheet was set up with three goals in mind:

1. that it be easy to use

2. that it focuses on a daily budget that supports long term goals- instead of a long term budget that doesn't have daily support

3. that it be a good starting place for people who have never saved before

So how does it work?

The main budget is divided into three core areas:

• Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average.

• Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- ect. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Payments: this is new to this year's sheet, use the tab below to fill out your information for up to three credit cards. Decide whether to pay the minimum payment OR choose an amount to pay. The tab will allow you to see how much you're paying and how much interest you're accruing. Once you have filled it out, your budget will adjust accordingly.-Big Purchase: Use this tab to create a budget for a large purchase, and adjust your budget easily and automatically to finance this purchase!

• Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is!

SO WHATS NEW THIS YEAR ?

• Themes! so far I had kept it a pastel paradise as I like those colors, but now you can easily change the themes on the sheet and pick one that suits you better.

• Loan calculations, I wanted o see if I could get a house and needed an interest calculator- so I built one. P.S. I can't afford a house and likely never will.

• Bi-weekly and Bi-Monthly options for income! it took forever but I did it! if you get paid every two weeks, its bi weekly. Two times a month, it's bi-monthly.

• Paid? option to mark bills that have been paid each month.

• Am I over budget??? an area to track daily spending and see if you're following your budget. you can manually input data, but you can also use an add-on like BudgetSheets to automatically import the bank data and then track it that way

and FINALLY

HERES THE LINK

^{NOTE: All Images in the spreadsheet are from vecteezy}

FAQ:-How do I change it to USD/EU/CAN/AU currency?This is a google setting in sheets, go to the 123 setting and change it there!

-What is the difference between bi weekly and bi monthly?Bi-weekly is calculated based on 52 weeks in a year, Bi monthly is paid twice a month- there is aa small but statistically significant difference between those calculations!

- The link won't work!?tell me! the sheet is usually rate limited at some point so I need to generate a new link!

- I don't have google.....Here is the link to the public doc

That said it is made to use with sheets and will break if used in Excel. the original was made with accessibility and ease of use in mind- that meant i did want ppl to need to install extra software or need to pay for excel to use it. Due to this, it was made on sheets and some of the functions it uses are available only in google sheets. this is public BUT know it will Break and you will have to fix it.

- my Monthly/wekely/bimonthly/biweekly look different from each other? what gives?
Weekly payout and monthly payouts are calculated differently! if you make 100 a week it's not the same as making 400 a month! each calculation is made based on their specific circumstances. One day i wanna add Hourly but thats a WHOLE other can o worms.

I really love this spreadsheet, so I thought I would share it for free. It's basically everything you need, a monthly budget tracker, spending tracker, savings tracker, net worth tracker, and gives you meaningful insights of your finances. Let me know what you think!

https://ideallysheets.com/free/personal-finance-and-monthly-budget-template/