I have used spreadsheets to track money soon after I started my first job 15 years ago. Read more about Excel treemaps and sunburst charts | Another example of treemap – customer service dashboard Do you use Excel to track and manage money?
In fact, I have created another version of the spreadsheet with column charts so that you can use it in earlier versions of Excel. But if you want, you can use column / bar / donut / pie charts too. I have used Treemaps because they work well with data like this. In the settings page, we can harvest all category level spending in one column and then feed that to any chart in Excel. Spending by category graph – Treemap (Excel 2016) Use CTRL+Click to multi-select the cells.ģ. We just set up databar on all cells in one go (so Excel can relatively size them based on values). The databar cells have a reference to totals calculated in cells above. This data bar is made with Conditional Formatting. Quick visualization of category level spendingĪs you enter values, you can see a quick total (arrived thru the formulas explained above) and a data bar. Read up more about SUMIFS and SUMPRODUCT formulas.Ģ. If there is an error (typos / no data etc.) we show 0. We then multiply that with amounts in G7:G26 thru SUMPRODUCT and finally divide this with 12 to get monthly value. We are fetching an array of multiplication factors from freqs table (shown aside) using SUMIFS. Say you have amounts in G7:G26 and frequencies in H7:H26. Using SUMPRODUCT and SUMIFS, we can calculate total amount per category by month, like below.There is a frequency mapping table in the “Settings” tab to help calculate monthly totals from various amounts at different frequencies.Calculation of monthly totals by category: There are three components in the budget spreadsheet:ġ. The graph on left helps you see the big picture and optimize your spending / savings.The BALANCE row on the left turns RED if you spend more than you make.As you type data, category level summaries are shown on top along with a data bar to show relative expenditure of each category.You can select various frequencies (for example public transport – $16 per week, dining out $70 per month etc.) Start by entering your income and itemized spending.
#Excel personal budget monthly example download#
Click here to download free budget template.
So in the spirit of making you awesome in life, not just Excel, let me share a simple but elegant household budget spreadsheet. Once you can track (or estimate) how much you are spending, it is easy to see how much you are paying your future self and what wiggle room you have. One of the simple ways to achieve this is by using a budget. Which of these templates calls your name? What is a section that you can’t go without? Let us know in the comments section below.I believe in frugal living and paying yourself first. Choose one that best suits your needs and matches your priorities, and start working on your short-term and long-term financial goals immediately. Using one of the Excel templates described in this article can go a long way toward improving your overall financial situation. Hopefully, this will lead to maintaining a positive balance in your bank account throughout college.
Thanks to this well-thought-out template, you’ll stay on top of your budget for the month, semester, and the entire school year. The Income section includes different funding sources, including: The template is easy to understand and use and contains everything you need to track your expenses while in college. This College Budget Template can help smooth that transition and instill confidence in your financial planning. Going off to college and becoming independent can be stressful for many reasons, with budgeting probably taking one of the top places.
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