Free Personal Budget Template

Personal Budget Template for Excel Sheet / Simple Budget Planner

A personal budget template is a document may use for financial planning that allocates personal future incomes towards expenditures, repayable debts, as well savings. The budget template should have two major parts, one is future incomes and second is potential expenditures. Typically, it can be either personal or home incomes & expenses. The budget plan is simple with using a methods and tools for creating and adjust a personal budget.

 

The personal budget template will be help you to manage your incomes and expenses as well calculating your saving for a month. It may hold records of your incomes as well each expenditure with you can also calculate your potential incomes as well expenses in form of budget. The budget template will be help you to keep records, adjust budget, tracking the expenses and help to achieve the “saving goal” as well.

 

Typically, personal budget template is preparing for a month. But you can also manage it for annual. But mostly annual budgets are not much effective as monthly budget, due to rates of items can be change time to time.

 

Even more, the monthly personal budget will be help you to analyzing your regular expenditures, as results you can control over the expenses which are unnecessary or possible to avoid for the month. The best practice of the managing budget is categorizing the expenditures in some basic categories. As well manage these for conducting or paying on prioritized categories first.

 

Simple Personal Budget Template

Free Personal Budget Template
Simple Personal Budget Template

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This is a simple personal budget template that may help you to manage your records of your incomes and expenses day to day. Typically, the entire format is specifically for organizing financial plans that calculate the figures to identify the saving for a month. Base on the monthly figures, you can analyze the expenses that you done during the month can require to identify and gives a sense to reduce it.

 

Even you have to review each expense, and you have to identify which expense is unnecessary or possible to reduce it significantly. The template having a four major parts that define particular analysis to increase the values of budget planning.

The following parts that may help you to analyze your data from your monthly records:

 

  • At the first part of the budget sheet is database, here you can describe all the records. You can describe your daily expenses which you done during a day. Even you can also manage it for a month as your wish. In this section, you can describe the budget, actual expenses, different of the both, and percentage of different. As well status of this expense.
  • In the second section is automatically, there are you can see personal budget describing in graph with budget amount vs actual amount. The graphic representation will be help to compare the actual vs. plans.
  • As you can see in the third section having an existing status of your budget records. The sample records describing the budget and its differences of the status. which is automatically describes percentage of amount.
  • The last section is graph of the operating budget. This is actually automatically describing amount and visual graphic of each operating expenses that you described in the database. The graph showing each expense that you described in the first section.

 

Download Free Personal Budget Template

Personal Budget Format
Download Free Personal Budget Template

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Using this template, you can describe your daily expenses and incomes. The template may help you to manage your entire family budget with specific description. In this template, you have to just enter the values of the expenses, potential incomes and all the figures and its calculations will be done automatically. Even more, you can set category of each expense to make easy to define the priority. Herein this template, there are two major sections – such as fixed and non-fixed expenses.

 

This template is help you to define the fixed and non-fixed expenses to make easy to setup potential expenses on priority.

Example:

 

  • Fixed: Mortgage, Home owner’s insurance, Car Loan, Car Insurance, Internet Services etc…
  • Non-fixed: Groceries, dining out, water / sewage, cable TV, cell phone, medical expenses, gasoline etc.

 

At the end this section, the template will be automatically calculate fixed and non-fixed expenses. As well it will be also calculating net profit by minus all expenses from the total incomes.

 

Monthly Personal Budget Template

Blank Monthly Personal Budget Printable Format
Monthly Personal Budget Template

Excel Template download

The budget is actually financial plan where you can decide your expenditures against your potential incomes. When you expecting clear picture about entire month of your financial condition, you can review the budget template where you can get better idea. The flow of cash, overall expenditures and potential incomes can give a figures of potential savings of a month.

 

This is actually monthly personal budget template which is covering monthly records of incomes as well expenses. The basic structure of the budget will be same but the records will be maintaining for annual as well, where each expense will be describing with monthly expenses.

 

 

Household budget template Excel

Printable Household budget Excel Sheet
Household budget template Excel

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This is actually simple method to calculating the potential saving by deduct total expenses from the total incomes for a month. The value is calculating both on a monthly as well as annual basis. This sheet may show the summary of personal budget in simple tabular formation. It is incomes and expenses. The template is actually describing two major comparisons are – budget planned amount vs actual figures.

 

The detail analysis may help to understand what exactly the figures are comes out for the month. The person can be get better idea, what they planned in the budget and what exactly incomes earned, and what expenses are done during the month.

 

Best Personal Budget Template

 Sample of Personal Budget format
Personal Budget Template

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Typically, the personal budget template is usually in the tabular format. In the format, the sum for all of the personal expenses, and sum of all total expenses either it can personal or household are describing in separate column. Later on total expenses are deducting from total expenses to get net saving or profits.

 

Tips for creating Personal Budget

 

Decide to work with personal budget worksheet

 

First of all, you have to set your mind to work with a budget sheet to get accurate outcomes mean potential saving figures by reducing monthly expenses. This is actually essential for individual to keep the records of each day even each expense and incomes that require for budget sheet.

 

Evaluate your potential incomes

 

This is actually one of the important thing that you have to needs to evaluate your potential incomes. Because entire budget is depending on your potential incomes, you can allocate the expenses against your incomes for a month. The accurate figures of expenses may be helpful to you for plan about your future needs.

 

Calculate your liabilities

The calculations of the total figures of your liabilities is much important to figure out. You must enlist the accurate figure of some installments, or even also that you are payable to your friends, relatives or your banks. The clear picture you can get when you focus on all the circumstances that are potential.

 

Setup priorities of expenses

First of all, you have list out all the expenses that are necessary and regular for a month. You have to identify which expenses are necessary and important for your regular needs. Even you can create a category of the group of expenses which are primary needs. The list of expenses that are much important should be highlight and set at the top of the sheet.

 

Review your expense list

Whenever you will be review your list of expenses, you may realize that expenses which are not important or necessary should be eliminate. Mostly the luxuries that you have to does not needs. Ultimately, this process may significantly increase your saving for the future.