You can expect that there will be more individual line item expenses than income items. The next step is to input your expenses in the same manner you have inputted the information for your income. This simple formula is the “=SUM” formula. In the cell on the right of the total income cell, create a formula that calculates your total income.
Create a cell with a formula to calculate your total monthly incomeĪfter you have created cells for all your sources of income, you now need a cell that totals all of these values.Ĭreate this cell right under the last line of your income items.Move another cell down then input “Other Income.”Įach month, input the corresponding values depending on the income that you receive for that month. This serves as a heading for all of your income items. Start by inputting “Income” in the first cell. Although this is an optional column, it allows you to check whether or not you have already paid your bills and other payments. Move to the right again then input “Paid” or some other similar term. Move to the right then input “Due Date.” This column records the due dates of your payments or bills. This column records the value of all the other items on your sheet. Skip the 1st cell then in the next cell, input “Amount.”.
MONTHLY EXPENSES CHART SOFTWARE
If you don’t have software like Microsoft Excel installed in your computer, you can use the software of your choice.
MONTHLY EXPENSES CHART DOWNLOAD
You can find many of these templates online and download them for free. There is a lot you can discover when you go through this process. Some credit cards tag your purchases automatically in categories making things easier for you. Through this, you get a sense of your cash flow each month.Īfter going through your accounts, group these into categories. Looking through these accounts helps you pinpoint your spending habits. Identify all of your money habits then create an inventory of all your accounts including all of your credit cards and your checking account.
MONTHLY EXPENSES CHART HOW TO
Here are pointers to consider on how to start tracking through your monthly expenses template:
It is a good practice to keep track of your expenses regularly through a bill tracker template as this gives you an accurate overview of where you’re spending your money. When making your monthly bills template, here are some examples of monthly expenses to include: These are expenses that you cannot do without as these keep you warm, alive, and safe. Before you make a budget, you should first have a list of your individual expenses.įor instance, take your needs. In general, a budget contains spending guidelines for specific expense categories. This is the budget that I have perfected over our financial journey, and is the same template that I use now.Identifying recurring and common expenses like mortgage or rent payments, helps you plan your expenditures and make a monthly expenses template. $87,000 of student loans to be exact! But with the help of the budget, some hard work and sacrifice, my husband and I became debt-free after 2.5 years! The budget is the backbone to paying off debt, and reaching financial goals. The perfect tool to master your budget! All the dashboard formulas are set up for you and will populate when you enter your budget and actuals! Net Worth section included. Trying to manage your finances and win with money? Then you need a budget! This is the perfect zero-based budget template! This template in excel is pre-populated with formulas to sum, calculate percentages, debt and sinking fund balances.