Simple Budget Template

31
May

Screenshot of the Simple Budget Template

Debt has consumed many of our lives. Sometimes it’s due to no fault of our own like unexpected medical bills or a job loss. What’s important is that we start to take control of our finances and get ourselves back on track. The best beginning to do so is by creating a budget for ourselves and sticking to it. It’s always best to have a plan. Once you write something down you have access to go back and view it. Stating a specific budget you will stick to does no good because you have nothing holding you accountable. A Simple Budget Template is the accountability you need.

A Simple Budget Template is easy to use. Once you have your information filled in this customizable Excel spreadsheet you just need to stick it out. This is a great budgeting tool and it’s free. Just download the template here and start planning your new budget. It’s a very simple process.

How to Use the Simple Budget Template

  • The first step is to enter all of your monthly income amounts that you wish to consider.
  • Next, scroll down and enter your monthly expenses.
  • As you are updating the Simple Budget Template you will notice the summary section automatically adjusts. The percentage of income adjusts as well.
  • Once you are done with your updates the bar chart will show you a comparison of your income to expenses and the difference will appear above.

Tips for Using the Simple Budget Template

  • If a category does not pertain to you, type over the information.
  • If you need additional space under the income section, go to the last cell and press the “Tab” key on your keyboard. This will expand the column down for you.
  • If you need additional space under the expense section, hit the enter key in the last cell and it will auto generate a new line.
  • Use the Auto Filter to sort your index alphabetically or from the lowest expense to highest.
  • To change the name of the Simple Monthly Budget click into the text and call it what you would like.
  • For this to work start off by making realistic budgets. Most people will not be able to instantly go from a $300 entertainment budget to a $50 budget.

The Simple Budget Template found here is your first step to keeping your budget in check.

Download: Simple Budget Template

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