personal income and expenses excel template

This can be helpful when your bank statements and credit card statements actually have their billing cycles different from calendar months. You can find balances for any period in each of your accounts using this personal account template.

Current balance in each of your accounts.

Summary of your current financial status.

Report sheet is locked to prevent accidental editing of formulas. How to refresh Report in the Excel Budget Template This updates the charts with your new transactions. Since there are pivot tables and charts, please refresh the data by going to Data ribbon and refresh all (or keyboard shortcut Ctrl+Alt+F5).

Drop down menus are available for easy data entry in these fields (Type, Category, SubCategory, Account).Īfter you enter your transactions, the Transactions worksheet would look like this image below.

Examples of Transfers are Credit Card Payment (transfer from Bank account to Credit Card account) and ATM withdrawal (transfer from Bank account to Cash).

‘Transfer’ type with positive amount for the account you are depositing the money into.

‘Transfer’ type with negative amount from the account you are taking the money from.

Transfer: When money is transferred from one account to another, create two records.

If, a few days later, you returned the item to the store for some reason and get a refund, then you should enter the refund as a new Expense transaction with negative value.

Special case (Refund): If you purchased an item at a store, you would enter an Expense transaction with positive amount.

Income and Expense: By default, all the Income and Expense transactions should be entered as positive amounts.

When you open the template, there will be no records in the Transactions worksheet (as shown in the image below). STEP 2: Entering transactions in the Transactions worksheet

How much am I saving every month? How does that add to my net balance?.

Am I spending more on any specific expense category over time?.

How are my expenses trending over time?.

Am I exceeding my monthly budget? If so, in which categories?.

On what items am I spending my money on?.

How much money is in my different bank accounts?.

Specifically, the template helps you in knowing the following: With simple data entry, the template provides you instant access to actionable information in a consumable form that can answer key questions regarding your personal financial situation.

This Excel Budget template also helps you set budgets and see how you are actually doing against your budget. This is a simple free Personal Finance management excel template that focuses on making it easy for you to know what’s happening with your financial situation especially when you have multiple bank accounts, credit card accounts and cash. Personal Finance Manager 2023 (Free Excel Budget template)

Personal income and expenses excel template