Tracking money these days is imperative for creating a great household budget. Accounting for every penny helps keep a family from overspending and accountable. A personal money tracker gives an overview of expenses and income for the month. Smart families know that by using a customized Personal Money Tracking Template Excel document, they can budget and follow their expenses.
Being able to customize the Personal Money Tracking Template allows a family to put in their personal expenses. Each family has unique expenses and there is no cookie cutter form that will fit everyone. That’s why the Microsoft Excel Template gives a person a quick and easy way to create a budget sheet needed for effective tracking.
How to Use the Personal Money Tracking Template
- First, customize the categories so that they are pertinent to the household budget. Then enter checking accounts, savings accounts and other bank accounts.
- Second, set up the main fields required for budgeting. There are two sections, but it can be divided however necessary.
- Third, begin entering current information to bring the sheet up to date. It is best to start from the beginning of a month to track. If this data is not available, then just begin the spreadsheet from this day forward.
Tips for Using the Personal Money Tracking Template
- First, this form has to be practical or a person won’t use it. The simple forms are easier than those with complex formulas.
- Second, there are basic formulas entered into the spreadsheet, but a person can customize the formulas however they choose.
- Third, this form is designed for cash flow analysis and budgeting. It is not for a business, as it doesn’t have the complex nature and categories that a business needs.
All households need some sort of budgeting tool to keep them on track. Those who don’t use any method like this may find that they are overspending and have little savings. Keeping track of all the little expenses can add up to big savings. Using the Personal Money Tracking Template can be a great way to have big savings.
Download: Personal Money Tracking Template
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