![]() (Don’t worry they have a 60-day money-back guarantee as well). If you’re like me and spend an hour or more getting your data into a uniform format or have avoided budgeting because you don’t want to take the time to mess with your data, $6.58/month is well worth what you are getting in return for Tiller’s service. You can use my link for a free 30 day trial, but after that it’s $6.58/month. They will come through in a uniform format that looks something like this: Once you sign up for Tiller you simply have to connect your accounts and your financial transactions will be dumped into a Google Spreadsheet each day. But they don’t allow you to dump your data into a spreadsheet because they either haven’t built a tool that can do that or they have a huge incentive to not allow their users to dump data into a spreadsheet. Now there are a ton of apps out there that link to your accounts. Tiller is what I have been waiting for: it automates the process of pulling in your financial data into a clean, uniform format. That all changed when I discovered Tiller. Fast forward four years and I still haven’t shared a spreadsheet. I didn’t want to share a budgeting spreadsheet until I solved this key piece of the puzzle. No two financial institutions seem to export data in the same format. I have a number of credit cards due to credit card churning, plus throw in a bank account and you can see why it would take quite a bit of time to reformat everything. The biggest issue with spreadsheet budgeting is getting all the data in the proper format. When I share spreadsheets and tools I want them to be as easy to use as possible. I’ve had the same spreadsheet for over four years now. I’m an Excel nerd so using a spreadsheet to budget was a no-brainer for me. But first let me tell you a bit about the budgeting process I’ve used in the past. ![]() ![]() Today we finally have a budget spreadsheet in Excel that is automated and easy to update. The more people I talk to about budgeting, the more I hear that people desire a spreadsheet-based budget without all the manual work that comes with it. Many people find them useful, and there’s no denying that there are a ton of good ones out there.īut I personally have used a budget spreadsheet for years and have found it useful. Spreadsheets offer control and flexibility to users, and allows them to look closer at the transactions going through their accounts. In the end, all you need to do is repeat the same process each month and take into consideration any new savings goals or expenditures you may encounter in the future.There are a ton of budgeting apps out there, but many people end up using some sort of a spreadsheet for their budget. NET INCOME, after taking into account your savings goal and monthly expenditure. It will provide you with the amount you are left with i.e. ![]() Once all these values have been entered, your summary table will be ready too! The best practice would be to put in place money for these expenses so that you are prepared for it.Įnter amounts for each of these expenses.Įxcel will automatically calculate the percentage allocation for the expenses categories and the TOTAL monthly expenses as well. In the Expenses section, there are different categories mentioned like home, food, health, transportation, debt, entertainment, personal care, etc. ![]() The next step would be to list down where you spend your money each month. The amount in dollar terms for each Saving & Investment and the TOTAL savings amount will be automatically calculated in Excel. Enter the percentage of your income you want to save. You need to determine the amount you wish to put aside for different milestones in the future. Next, you should plan your savings for different purposes based on your income and expenses. The total income will automatically be calculated and displayed in cell F7 – $6350. If you have your own business but the income is not constant, you can take an average of your past 6 months and enter that amount.įor example, you can enter a salary income in cell F4 – $5,000, extra income from part-time jobs in cell F5 – $850, and income from investments in cell F6- $500. Let’s look into each of these steps one-by-one!ĭownload this Excel workbook and follow this tutorial on how to make a budget spreadsheet in Excel:īegin using this template by entering the different sources of your monthly income.įor a person with a salary, simply enter your monthly salary (post-tax) and income from other part-time jobs or passive income streams. See also How to Use Conditional Formatting Based on Another Cell ![]()
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