Creating a Personal Budget For Your Monthly Living Expenses Using Excel
Are you disorganized when it comes to your personal budget? Maybe you are just looking for ways to improve your organizational skills when it comes to budgeting and paying your living expenses each month. Creating a personal budget for your monthly living expenses is a great way to keep track of all of your debits and credits.
The Excel software program is a great way to help you organize all of your living expenses and make it easier to simplify your bill paying process each month.
To get started, you need to have the excel software program installed on your computer and you also need to have all of your monthly bills and bank statements in front of you to begin to create your personal budget.
If you choose to list your monthly bills and expenses alphabetically, do so before you begin to create the personal budget. If you wish to list them by date, organize them in chronological order by date. Set these aside.
Open up your excel program on your desktop. Once in the program, open a new document, then click to open up a new worksheet. You will want to save the worksheet right away. You may name the worksheet whatever you want, but try to name it something you will remember such as “My personal budget” or “Jane’s personal budget.”
From the top of the worksheet you will see a number of lettered boxes and numbered columns. Take your cursor and place it in the first box (A) highlight the corner of the box and pull the box to the right for about the length of four columns. This is where you will write the names of the bills either alphabetically. Proceed to enter in all of your bills.
Create headers at the top that will have the following categories such as due date, date paid and amount paid. You can add other notes or categories that will better help you to better organize or keep track of your monthly living expenses.
You can create a “grand total” box at the bottom of the spreadsheet and place the amount of all combined bills at the bottom. You can highlight all of the entered amounts and select the auto sum button to have the excel program configure all of the amounts for you. Save all changes.
By using an Excel software program to create a personal budget for your lifestyle, you will soon realize how easy it is to keep track of all your expenses and make your busy financial life work for you.