If you're trying to maintain a realistic budget, the Consumer Financial Protection Bureau (CFPB) recommends creating a budget spreadsheet or worksheet to track your income and expenses. That way, you can budget your money appropriately for your needs. You can allocate a budget for a week or bi-week, and record the actual amount being used against each category during the week. Spreadsheets help you to see how much income you have, as well as how your money is spent. Our Weekly Budget Template is created to help you in allocating a budget for a single week or a bi-week for various expenses at the start of the week and then calculates the difference at the end of the week or even at the end of the month. Much like a business, a person benefits from using a spreadsheet for their finances because it places all the information they need in one easy-to-read place. Templates are neat and extremely user friendly.
While you may choose to design your budget independently, a template is simple and easy to use alternative that will save you a lot of time and effort. All of these entities use spreadsheets for creating budgets, tracking spending, and creating reports for their financial matters. A Budget template is a simple tool that gives you a skeletal framework upon which you may construct your budget. Since then, the technology has been adopted by businesses, banks, and governments. Learn about all of your options, here.ĭan Bricklin and Bob Frankston created the first financial spreadsheet program in 1979. Managing your personal finances can seem like a daunting task, but it doesn't have to be: There are many budgeting and personal finance spreadsheets readily available online.
Budgets help you plan for your monthly expenses, activities, needs, and even your financial future. One of the best methods for managing personal finances is to create a budget.Ĭreating a budget can help you keep your finances organized and also control the amount of debt you might require to live the way you want. Basic living expenses need to be maintained for a reasonable quality of life, which can be attained by most people if they manage their finances correctly.