The Best Personal Finance and Budgeting Spreadsheets
We can’t live without money, that’s for sure. Sometimes there is a moment in life when your wallet is empty and you need a $1,000 loan no credit check to cover basic living expenses. But if you can manage your finances correctly, you will always have cash for a decent lifestyle. Creating a budget is one of the best tactics for managing your funds.
Whether you are planning to control existing debt, plan your savings or keep your finances organized, having a budget will help you with that. In this article, we are going to share with you the best personal finance and budgeting spreadsheets.
Personal Finance and Spreadsheets
It can be challenging and daunting to manage your finances but there are methods to simplify it. Budgeting and personal finance spreadsheets are available for consumers on the web. The first financial spreadsheet program was created by Dan Bricklin and Bob Frankston in 1979.
After that, similar technology has been adopted by banks and businesses. Spreadsheets are utilized by these entities to track spending, create budgets, and make reports for various financial matters.
According to the American Budgeting and Saving Behavior survey, Americans are only saving 5% of their income on average. People ages 55-64 have the most amount of money in savings, while only 45% of consumers have a retirement account.
Individuals will also benefit from this spreadsheet as they will have all the necessary financial data in one place to track their income, spending, and savings. Such spreadsheets are used to see how well you can use your income, how to budget accordingly, and get rid of existing debts. Those who aim to improve their finance-related habits should create a budget spreadsheet and use the following options
We are going to share with you the details and main features of the top-rated budgeting and finance spreadsheets that are easy to use. It isn’t necessary to create a spreadsheet yourself as you may skip important details.
Choosing one of the options below may help you avoid mistakes and utilize available online sources to your advantage.
#1 It’s Your Money Budget Spreadsheets
Seven free budgeting spreadsheets are listed in the financial blog It’s Your Money. They include a Cash Flow Budget Spreadsheet inspired by Dave Ramsey’s budgeting tactics.
The month is divided into four weeks here and offers you a simple visual of your costs, income, and savings. You may use these spreadsheets with Microsoft Excel for your convenience. This option offers free access to consumers and low-cost finance management spreadsheets.
#2 Vertex42 Spreadsheets
This platform offers multiple personal finance and budgeting spreadsheets. They work with Microsoft Excel. They are even compatible with Apache OpenOffice Calc, LibreOffice Calc, and Google Sheets. Plenty of spreadsheets for monthly and annual budgets can be easily found here. You may select business budgets, Christmas budgets, and wedding budgets. You may select even spreadsheets designed for children.
#3 Google Sheets
The Google docs template gallery can be used for Google Sheets and helpful options for personal budgets.
Monthly budget: this is an easy spreadsheet that uses your percentage of income for budgeting needs. It can be used for simple scenarios.
Annual budget: this is a more detailed spreadsheet that also includes monthly budget schemes. It allows consumers to protect their savings and income while also keeping a record of their present savings and income.
#4 PearBudget Free Budget Spreadsheet
You may download this spreadsheet for free to use for your household monthly budget. It is compatible with Microsoft Excel and other software. Several spending categories are analyzed with the help of the analysis tab to demonstrate the difference between budgeted and real spending.
#5 Tiller Money
This company provides integration of the spreadsheet with the checking account of the client. It offers various options to create reports from the budget spreadsheets a person is using. All the information can be customized and tailored to each consumer to review what exactly is significant to them with their finances.
The digital financial accounts of the client will be streamlined in one place with the help of the Mint app. The website of this company offers suitable budget templates for consumers. The options and features of these spreadsheets can be tailored and customized to suit various life stages.
Parents may use the daycare budget template to manage their new expenditures connected with small kids. A college student may find the college budget template useful for tracking their tuition costs.
#7 Microsoft Office Budget Templates
You need to be organized and disciplined to maintain a spreadsheet or create it from scratch. It can be useful to save time and avoid this hassle by choosing a pre-made Excel template from Microsoft Office. Such spreadsheets comprise holiday budget planners, household expense budgets, and also event budgets.
You may find and download Excel files if you visit templates.office.com and select “Budgets”. Also, you may sign in to Microsoft. You will be able to find a suitable template for almost any budget situation and life stage.
#8 The Federal Trade Commission’s Budget
The Federal Trade Commission has a platform to educate people about finances including money management. You may find the “Make a Budget” worksheet on their website, download the PDF file and submit it with your details.
This is a useful method even for beginners and it will make your monthly budgeting easy and convenient. No tedious work is needed to start managing your funds and tracking your spending with the help of these spreadsheets.
The Bottom Line
You are trying to get rid of debt, break the vicious cycle of living from paycheck to paycheck or improve your savings. An established budget may help you achieve your financial aims faster. If you track your income as well as your expenditures. You will be able to make a spending and savings plan to make certain your finances are under control.
A budget is an essential tool that will help your financial house to remain afloat and prevent it from falling. These budgeting spreadsheets are designed to help consumers manage their money easier. Download the budget templates only from official websites to avoid phishing viruses.