Yearly Budget Calculator

Budget Calculator by Vertex42.com © 2010-2014 Vertex42 LLC

Starting Cash Balance: 1,000.00 [42]
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL TOTAL
Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual
Total Income 250 310 60 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250 310
Total Expenses 920 360 560 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 920 360

TO SAVINGS (43,5%) 400 200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 400 200
CHARITY / GIFTS (21,7%) 200 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200 50
HOUSING (2,2%) 20 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 10
UTILITIES (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FOOD (32,6%) 300 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 300 100
TRANSPORTATION (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
HEALTH (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DAILY LIVING (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
CHILDREN (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
OBLIGATIONS (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
BUSINESS EXPENSE (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ENTERTAINMENT (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SUBSCRIPTIONS (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MISCELLANEOUS (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

NET (Income - Expenses) -670 -50 620 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -670 -50

Projected End Balance 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620
Actual End Balance [42]

INCOME Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Wages & Tips 200 300 100 0 0 0 0 0 0 0 0 0 0 0 200 300
Interest Income 50 10 -40 0 0 0 0 0 0 0 0 0 0 0 50 10
Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gifts Received 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Refunds/Reimbursements 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Fi nancial Aid 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Rental Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total INCOME 250 310 60 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250 310

TO SAVINGS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Emergency Fund (6-12 mo) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Emergency Spending 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retirement Fund 0 0 0 0 0 0 0 0 0 0 0 0 0 0
College Fund 400 200 -200 0 0 0 0 0 0 0 0 0 0 0 400 200
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Down Payment 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Home Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Car Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Car Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Furniture Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Vacation 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total TO SAVINGS 400 200 -200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 400 200
% of Income 160.0% 64.5% - - - - - - - - - - - - - - - - - - - - - - 160.0% 64.5%
CHARITY / GIFTS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Tithing 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Charitable Donations 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Religious Donations 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gifts 200 50 150 0 0 0 0 0 0 0 0 0 0 0 200 50
Christmas 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Charity 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total CHARITY / GIFTS 200 50 150 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200 50
% of Income 80.0% 16.1% - - - - - - - - - - - - - - - - - - - - - - 80.0% 16.1%

HOUSING Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Mortgage/Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Home/Rental Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Real Estate Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Furnishings/Appliances 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Lawn/Garden 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Maintenance/Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Improvements 20 10 10 0 0 0 0 0 0 0 0 0 0 0 20 10
Other Home Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total HOUSING 20 10 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 10
% of Income 8.0% 3.2% - - - - - - - - - - - - - - - - - - - - - - 8.0% 3.2%

UTILITIES Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Electricity 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gas/Oil 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Water/Sewer/Trash 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Phone 0 0 0 0 0 0 0 0 0 0 0 0 0 0

. .0% . . . . JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL TOTAL Cable/Satellite 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Internet 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total UTILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0. . . . . . . . . .0% 0. . . . . .0% 0. . . 0.0% CHILDREN Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Clothing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Medical 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Music Lessons 0 0 0 0 0 0 0 0 0 0 0 0 0 0 School Tuition 0 0 0 0 0 0 0 0 0 0 0 0 0 0 School Lunch 0 0 0 0 0 0 0 0 0 0 0 0 0 0 School Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Babysitting/Child Care 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Toys/Games 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total CHILDREN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0. . .0% . . . . . .0% OBLIGATIONS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Student Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Credit Card #1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Credit Card #2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Credit Card #3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Alimony/Child Support 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0 State/Local Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Legal Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Obligations 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total OBLIGATIONS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0.3% TRANSPORTATION Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Vehicle Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Auto Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fuel 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bus/Taxi/Train Fare 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Repairs/Tires 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Registration/License 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Transportation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total TRANSPORTATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0. . . . . . . . . . . . .0% 0. . . . . . . . . . . . . . . . . . . .0% . . . 0. 0. . . . . . . . . .0% .0% 0. . . .3% . .0% . .0% . . .0% 32. . . . . . .0% 0. .0% 0. .0% DAILY LIVING Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Education 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Clothing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Personal Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cleaning Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Laundry / Dry Cleaning 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Salon/Barber 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Daily Living 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total DAILY LIVING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0. .0% HEALTH Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Health Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Disability Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Doctor/Dentist/Optometrist 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Medicine/Drugs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Health Club Dues 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Life Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Veterinarian/Pet Care 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Health 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total HEALTH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0.0% 0. .0% BUSINESS EXPENSE Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Deductible Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Non-Deductible Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total BUSINESS EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0% 0.0% 0. . .0% 0. . . . . . . . 0. . 120.0% 0. . . . . . . . . . . . . . . . . .0% FOOD Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Groceries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dining / Eating Out 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Pet Food 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Food 300 100 200 0 0 0 0 0 0 0 0 0 0 0 300 100 Total FOOD 300 100 200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 300 100 % of Income 120. . . . . . . . . . . . . . . . . . . . . . . . 0. . .0% 0. . . . . .0% 32. 0. . . .

. . . . . . . .0% 0. .0% 0. . . . . . .0% .0% 0.0% 0. . . .0% 0. . . . 0. . . . . . . . . . JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL TOTAL % of Income 0. .0% MISCELLANEOUS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Bank Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Postage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Miscellaneous 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total MISCELLANEOUS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0.0% . . 0. . . . . . . . . . 0.0% SUBSCRIPTIONS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Newspaper 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Magazines 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dues/Memberships 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Subscriptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total SUBSCRIPTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0. . 0. . . . . . . . . .0% . .0% 0. .0% . . . . . . . .0% 0. . . . . . . .0% 0. . . . .0% . . . . . . . . . . . . .0% ENTERTAINMENT Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Vacation/Travel 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Videos/DVDs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Music 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Games 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Rentals 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Movies/Theater 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Concerts/Plays 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Books 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Hobbies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Film/Photos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sports 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Outdoor Recreation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Toys/Gadgets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Entertainment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total ENTERTAINMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 % of Income 0. .

Instructions HELP INTRO STEP 1 STEP 2 STEP 3 STEP 4 .

STEP 5 STEP 6 .

) Create your budget Budget Guideline #1 .Total Allocation or "It All Goes Somewhere" . like $25. That is because Saving MORE is usually better.Instructions © 2010-2014 Vertex42 LLC This Budget Calculator is designed to help you both create and manage your budget on a monthly basis. FEB. However. . but the formatting is set up similar to INCOME.12. In other words. or AUG.To aid in scrolling and viewing. This will usually be the sum of the balances in your spending account(s). etc. Add.If you have good eyes. you can still enter more exact values. How to Handle Credit Cards: If you use a credit card like a debit card. You can track your savings using a separate worksheet. Enter your Current Balance as of Month 1. you may want to hide the columns you don't need to see. etc. . copy an existing row (so that the formulas are copied) and make sure to insert the copied row somewhere ABOVE the last row in the group or BELOW the first row in the group so that the formulas stretch to include the row you added. Inserting Rows: When you add a sub-category.Values are formatted to display dollar amounts (like $25 instead of $25.In this spreadsheet. Credit Card Debt: Payments made to pay off outstanding debt on your credit card would be entered as an expense under the Obligations category. and (4) make future predictions to aid in decision making.12) to allow for narrower columns. and don't maintain a balance. you'd treat your credit card as a spending account just like you would your checking account. 80% is a pretty good zoom value. Edit. all within a single worksheet. . Modify the Month labels as needed (like JAN. SAVING is included as an EXPENSE category. This allows you to (1) easily add or remove budget categories. SEP. I would recommend using Window > Freeze Panes. to ensure that they remain correct. or Delete sub-categories as needed. . I don't recommend you delete major categories. and each month the charges you make to your credit card will be entered as expenses just as you would do with bills and expenses you pay from your checking account(s). (2) plan for irregular expenses. because that will really mess things up.Before Printing. I would recommend checking the TOTAL formulas after adding rows. (3) plan based on a variable income. then your current balance would be the sum of your checking account balances minus your current balance on your credit card(s). you may want to change the zoom on the worksheet to show more of the budget at one time. .

EACH MONTH: Enter the Actual Ending Balance . . Cell comments show up as little red triangles. For example. but I certainly wouldn't lump regular expenses in with variable expenses. This will be particularly helpful when you go back to review the year in preparation for preparing your next-year's budget. Make sure to maintain a good cushion in your spending account to handle these variable expenses. If you have extra (a Positive NET value). you could probably get away with a single category for all "Entertainment". . This is one of the benefits of using a spreadsheet. If you are using the averaging approach. But. .Use FORMULAS to do basic calculations like "=245/6" to divide 245 by 6 or "=34*2" to multiple 34 by 2.If you have multiple savings goals. week-by-week. . Enter Actual Income and Expenses . Add cell comments to explain purchases as needed. . . enter an average fuel cost in Jan. especially. like groceries). For example. For groceries. or use the approach of averaging the cost across each month. then put away $50 each month into a special savings account. So yes. it's good to use the past 3-6 months. . and budget $50 each month in the Christmas category. Then. like the one to the left. Budget Guideline #2 . Breaking out your expenses into specific categories will help give you a better idea of where you are spending and therefore where you may be able to cut back. only copy and paste cells if they have similar formatting.You can do this on a day-to-day. the balances in your spending accounts will more closely match the balance shown in the ACTUAL column each month. you can run reports in Quicken to summarize your monthly expenditures and then enter those actual amounts into this spreadsheet. The ACTUAL column uses special conditional formatting to highlight values that are over budget. then you could allocate that to savings or paying off debt for example.Enter an average monthly value for Variable Expenses (monthly expenses that change from month to month.Add cell comments as needed to help explain costs. enter the names of Birthdays in comments for the Gifts Given category. add a sub-category for each one. and copy the value to other cells. You can set up your categories in Quicken to be like those in this spreadsheet. If you have a negative NET. To calculate an average.Be Specific . or monthly basis. or "=34+12+45" to add a bunch of numbers. That way. if you are planning to spend $600 for Christmas.You can copy and paste cells as needed.Include Irregular Expenses (non-monthly large lump payments) in the months in which they will likely occur. you would generally want to make the NET (Income-Expenses) equal to zero. Formulas are entered using the "=" sign.I would recommend using software like Quicken to enter your transactions and assign transactions to specific categories.When creating your budget. Use formulas like "=23+12+43" to add multiple values to a particular category. you can find the total for the past 3 months and divide the value by 3. then you'll need to cut back somewhere or earn more money. For example. I strongly recommend that you use a special savings account as a holding place for these larger expenses. For example. don't copy cells from the BUDGET column and paste into the ACTUAL column.

look at your bank and credit card statements to enter your actual ending balance. You will now need to resolve any differences between this value and the Projected Actual End Balance. .Just like you did with Step 1. left out any expenses. by looking to see if you made any mistakes. etc.

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