Wondering how to make a budget in Excel? Wonder no more! These free Excel budget templates make it easier than ever. Additionally, receive expert tips on creating a budget plan and sticking to it.
Intimidated by the idea of creating a budget? I mean, not so much sticking to the budget but the sheer act of making one? Well, first off, regardless of what you create, you’re doing better than over half of all Americans who don’t have a household budget at all. Second, these free Excel budget templates will do a lot of the work for you!
Whether you’re a college student learning to manage a tight budget, a family aiming to save for a dream vacation, or an individual wanting to build a robust financial plan, these 3 free Excel budget templates are tailored to suit your needs. They’re user-friendly and customizable, making them suitable for anyone looking to enhance their financial management skills.
There are multiple benefits to using a budget spreadsheet built in Excel. Here are five reasons I think you should download these free Excel budget templates today:
Setting clear financial goals is crucial for a successful budget. With these free Excel budget templates, you can seamlessly document your short-term monthly goals, long-term yearly objectives, and overarching financial milestones. This feature helps you stay focused on what matters most to you.
Bonus: Like to do things old school? No worries, you can also snag this budget template as a printable.
Understanding your income and expenses is fundamental to budgeting. These free Excel budget templates include dedicated sections for inputting your gross monthly income and breaking down your expenses. Categorize your spending to gain insights into where your money is going, allowing you to make informed decisions about your financial priorities.
Bonus: I love how these free Excel budget templates do some of the work for me, such as totaling up expenses; however, I can also understand why sometimes having a physical copy of your budget would be beneficial. If you want a printout, I’ve got you covered:
At the bottom of each Excel budget template, you’ll find designated areas to record how much extra you plan to put toward debt repayment and savings. These features encourage proactive debt management and savings, fostering a healthy financial future.
Download the Purple & Green Excel Budget Template here.
Bonus: If you prefer the printable, here’s the Purple & Green Budget Worksheet as a PDF.
Budgeting doesn’t have to be a complicated chore. These free Excel budget templates simplify the process, allowing you to take charge of your finances with confidence. Download the monthly budget spreadsheets today and embark on a journey towards financial success.
Okay, so you’ve downloaded your chosen budget spreadsheet. Congrats!
That’s the first step.
Not sure where to go from here? No worries, here are some steps to get you started using the Excel budget template.
Step 1: Download an Excel Budget Template
Step 2: Define Some Financial Goals
Consider your monthly, yearly, and long-term financial goals and include them in your budget spreadsheet. Don’t skip this step! Dreaming about the great things you want your money to do for you—that luxury vacation, that new home with the bigger yard, or that retirement plan—can help motivate you to get through the rest of the budgeting work.
Tip: When goal planning, try to set SMART goals. Not familiar with the concept? Check out this printable SMART goals template.
Step 3: Document Monthly Income
Add your income to the Excel budget template.
Step 4: List Expenses
You should start this on a separate spreadsheet or a piece of paper because once you have a list of all of your expenses, it may be helpful to group them into categories. (See step 5.)
Tip: Review your bank and credit card statements to ensure you don’t overlook anything.
Step 5: Group Expenses
Move your expenses to your Excel budget template, grouping them in a way that makes sense. For example, I group all of my utilities.
Step 6: Compare Income and Expenses
Review your budget spreadsheet to ensure your expenses don’t outweigh your income.
Tip: If you have extra income, document where it should go, such as to savings or debt repayment.
Whether you’re using one of Excel budget templates or some other type of budget spreadsheet or printable, here are some helpful tips and tricks.
Budget to zero.
This doesn’t mean that you spend every penny you earn. Instead, you make sure each dollar is allocated to something, even if it’s just your savings account. When money isn’t earmarked explicitly for anything, it’s easier to spend it frivolously.
Don’t be unrealistic.
If you make your budget too restrictive, with no room to buy anything you enjoy, you’ll find it much, much harder to stick to!
Know your why.
Understanding what you’re saving for, especially if it’s something you’re excited about, can make it easier to give up other things. Plan your financial goals in detail.
Check in with yourself.
Review your budget spreadsheet regularly to see if you’re on track and making progress. If things aren’t working, don’t be afraid to make adjustments!
Check your social calendar.
Review upcoming events and holidays and make room in your budget well in advance. Here is a budget spreadsheet that can help you plan out your Christmas/holiday shopping:
Try different tools.
Maybe an Excel budget template is a dream fit for you, but if not, don’t sweat it. Keep experimenting with different options and learning about different resources. I’ll share some of my other fav budget spreadsheets and printables below!
Download the DIY Budget Binder Printables
Want to go all in on your budgeting? If so, the DIY budget binder might be just what you need. It offers a comprehensive sheet for financial goal planning, as well as a monthly assessment sheet that allows you to track your progress.
Download the 2-Page Monthly Budget Worksheet
This budgeting printable is super detailed, and really allows you to get specific about where your money is going.
Download the Grocery Budget Planner
Food can be one of the biggest expenses for families. With grocery prices on the rise, you may want (or need) to get more specific with your food budget. This printable can help!
Download the Weekly Budget Template
Want to track your expenses and assess progress on a more frequent basis? Try the weekly budget template.
Download the Budget Planner by Month
If you’d like to see all of your expenses, month-over-month side-by-side, use this printable. It’ll allow you to track an entire year of expenses on one sheet.
The 3 Excel budget templates in this post offer a user-friendly and customizable solution for individuals, families, and students seeking financial control. The editable budget spreadsheets go beyond static sheets, enabling the tracking of financial goals, understanding of income and expenses, and effective management of debt and savings. Download these templates, customize them according to your financial goals, and regularly update them to reflect any changes.
Which of these free Excel budget templates will you download? Please share in the comments.
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The post Free Excel Budget Templates appeared first on Freebie Finding Mom.
Intimidated by the idea of creating a budget? I mean, not so much sticking to the budget but the sheer act of making one? Well, first off, regardless of what you create, you’re doing better than over half of all Americans who don’t have a household budget at all. Second, these free Excel budget templates will do a lot of the work for you!
Whether you’re a college student learning to manage a tight budget, a family aiming to save for a dream vacation, or an individual wanting to build a robust financial plan, these 3 free Excel budget templates are tailored to suit your needs. They’re user-friendly and customizable, making them suitable for anyone looking to enhance their financial management skills.
Why Use An Excel Budget Template
There are multiple benefits to using a budget spreadsheet built in Excel. Here are five reasons I think you should download these free Excel budget templates today:
- These templates will do the math for you!
- You can save your Excel budget template to the cloud, allowing it to be accessed from anywhere. While you know I love a good printable, there’s something to be said about having essentially infinite copies of a financial document.
- All 3 Excel budget templates are customizable, so you can alter them to fit your specific needs.
- These Excel budget templates are cute and can even be downloaded with an inspirational quote.
- These budget spreadsheets are free … so why not?
Green & Pink Excel Budget Template
Setting clear financial goals is crucial for a successful budget. With these free Excel budget templates, you can seamlessly document your short-term monthly goals, long-term yearly objectives, and overarching financial milestones. This feature helps you stay focused on what matters most to you.
- Green & Pink Excel Budget Template (with Inspirational Quote)
- Green & Pink Excel Budget Template (No Quote)
Bonus: Like to do things old school? No worries, you can also snag this budget template as a printable.
- Green & Pink Free Printable Budget Worksheet (with Inspirational Quote)
- Green & Pink Free Printable Budget Worksheet (No Quote)
Blue Excel Budget Template
Understanding your income and expenses is fundamental to budgeting. These free Excel budget templates include dedicated sections for inputting your gross monthly income and breaking down your expenses. Categorize your spending to gain insights into where your money is going, allowing you to make informed decisions about your financial priorities.
Bonus: I love how these free Excel budget templates do some of the work for me, such as totaling up expenses; however, I can also understand why sometimes having a physical copy of your budget would be beneficial. If you want a printout, I’ve got you covered:
- Blue Free Printable Budget Worksheet (with Inspirational Quote)
- Blue Free Printable Budget Worksheet (No Quote)
Purple & Green Excel Budget Template
At the bottom of each Excel budget template, you’ll find designated areas to record how much extra you plan to put toward debt repayment and savings. These features encourage proactive debt management and savings, fostering a healthy financial future.
Download the Purple & Green Excel Budget Template here.
Bonus: If you prefer the printable, here’s the Purple & Green Budget Worksheet as a PDF.
Budgeting doesn’t have to be a complicated chore. These free Excel budget templates simplify the process, allowing you to take charge of your finances with confidence. Download the monthly budget spreadsheets today and embark on a journey towards financial success.
How to Get Started with Excel Budget Templates
Okay, so you’ve downloaded your chosen budget spreadsheet. Congrats!
Not sure where to go from here? No worries, here are some steps to get you started using the Excel budget template.
Step 1: Download an Excel Budget Template
Step 2: Define Some Financial Goals
Consider your monthly, yearly, and long-term financial goals and include them in your budget spreadsheet. Don’t skip this step! Dreaming about the great things you want your money to do for you—that luxury vacation, that new home with the bigger yard, or that retirement plan—can help motivate you to get through the rest of the budgeting work.
Tip: When goal planning, try to set SMART goals. Not familiar with the concept? Check out this printable SMART goals template.
Step 3: Document Monthly Income
Add your income to the Excel budget template.
Step 4: List Expenses
You should start this on a separate spreadsheet or a piece of paper because once you have a list of all of your expenses, it may be helpful to group them into categories. (See step 5.)
Tip: Review your bank and credit card statements to ensure you don’t overlook anything.
Step 5: Group Expenses
Move your expenses to your Excel budget template, grouping them in a way that makes sense. For example, I group all of my utilities.
Step 6: Compare Income and Expenses
Review your budget spreadsheet to ensure your expenses don’t outweigh your income.
Tip: If you have extra income, document where it should go, such as to savings or debt repayment.
Budgeting Tips
Whether you’re using one of Excel budget templates or some other type of budget spreadsheet or printable, here are some helpful tips and tricks.
Budget to zero.
This doesn’t mean that you spend every penny you earn. Instead, you make sure each dollar is allocated to something, even if it’s just your savings account. When money isn’t earmarked explicitly for anything, it’s easier to spend it frivolously.
Don’t be unrealistic.
If you make your budget too restrictive, with no room to buy anything you enjoy, you’ll find it much, much harder to stick to!
Know your why.
Understanding what you’re saving for, especially if it’s something you’re excited about, can make it easier to give up other things. Plan your financial goals in detail.
Check in with yourself.
Review your budget spreadsheet regularly to see if you’re on track and making progress. If things aren’t working, don’t be afraid to make adjustments!
Check your social calendar.
Review upcoming events and holidays and make room in your budget well in advance. Here is a budget spreadsheet that can help you plan out your Christmas/holiday shopping:
Try different tools.
Maybe an Excel budget template is a dream fit for you, but if not, don’t sweat it. Keep experimenting with different options and learning about different resources. I’ll share some of my other fav budget spreadsheets and printables below!
More Budget Spreadsheets & Printables
Download the DIY Budget Binder Printables
Want to go all in on your budgeting? If so, the DIY budget binder might be just what you need. It offers a comprehensive sheet for financial goal planning, as well as a monthly assessment sheet that allows you to track your progress.
Download the 2-Page Monthly Budget Worksheet
This budgeting printable is super detailed, and really allows you to get specific about where your money is going.
Download the Grocery Budget Planner
Food can be one of the biggest expenses for families. With grocery prices on the rise, you may want (or need) to get more specific with your food budget. This printable can help!
Download the Weekly Budget Template
Want to track your expenses and assess progress on a more frequent basis? Try the weekly budget template.
Download the Budget Planner by Month
If you’d like to see all of your expenses, month-over-month side-by-side, use this printable. It’ll allow you to track an entire year of expenses on one sheet.
The 3 Excel budget templates in this post offer a user-friendly and customizable solution for individuals, families, and students seeking financial control. The editable budget spreadsheets go beyond static sheets, enabling the tracking of financial goals, understanding of income and expenses, and effective management of debt and savings. Download these templates, customize them according to your financial goals, and regularly update them to reflect any changes.
Which of these free Excel budget templates will you download? Please share in the comments.
Thank you for subscribing!
The post Free Excel Budget Templates appeared first on Freebie Finding Mom.