how to use microsoft excel for budgeting

When you open up the program, simply go to File>New, then search for the term “budget.” Several Excel budget templates will pop up, such as a family budget, personal expense calculator, vacation budget, and more.įor example, if I went with the family budget spreadsheet, I would get a premade spreadsheet with a Cash Flow chart on the first tab. If you aren’t sure where to begin, I strongly suggest starting with one of the software’s budget templates to get a feel for what you might want to include in your own budget. The easiest and fastest way to build an Excel budget is by using the library of premade budget templates included in Excel.

Best of all, if you’re already a Microsoft customer, it won’t cost you an arm and a leg to get started. The Microsoft program has long been an excellent way to create a budget spreadsheet. However, finding a program that fits your unique needs can be challenging.Įnter Excel.

These days, there are dozens of budgeting apps and software programs on the market. With many people losing jobs and others taking a big hit to their monthly income, creating a solid budget has never been more important. Let’s face it: The COVID-19 pandemic has turned into a financial nightmare for many of us. How to Make a Budget in Excel Using Premade Templates Here’s a free spreadsheet template you can use to seize control of your money! Get it here. Here’s how to start building your very own budget spreadsheet right away!įree Budget Spreadsheet – Don’t want to make your own Excel budget template? No worries, we got you covered. Whether your budget is super simple or extremely complex, this step-by-step guide will teach you how to create a budget in Excel that can quickly be customized to meet your family’s budgeting needs. Thankfully, you don’t need to be an accountant to set up an Excel budget template. Making a budget in Excel can seem like a daunting task, especially if you don’t use the program regularly. For more about our advertising policies, read our full disclosure statement here. Should you click on these links, we may be compensated.

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How to use microsoft excel for budgeting