Spreadsheet for monthly expenses renter
It’s a good idea to review your spending habits and make a list of all your regular expenses so you can create a budget that works for you. Education expenses, such as tuition, books, and suppliesĪgain, this is not an exhaustive list and the expenses you track will depend on your personal financial situation and goals.Clothing and personal care expenses, such as laundry and grooming.Entertainment, such as going to the movies, dining out, and hobbies.Debt payments, such as credit card bills, student loans, and personal loans.Health care expenses, such as insurance premiums, co-pays, and medication.Transportation expenses, such as fuel, car payments, public transportation, and maintenance.Housing expenses, such as rent or mortgage payments, property taxes, insurance, and utilities.However, some common expenses that people often track include: There is no one-size-fits-all for the type of expense you want to keep track of because everyone’s financial situation is different.
This is an example of our expense categories You can then use the data in the “Category” column to create graphs or charts that show how much money you are spending on each type of expense, allowing you to identify areas where you may be able to cut back or save money. This can help us keep track of our spending habits and create a more detailed and accurate budget of our monthly expenses. This tells us in-depth how much we expect to spend per item in our category, how much it costs, and the difference in price between our expected cost of the item versus the actual cost.įor instance, if we have a table of housing categories, we could use it to group expenses such as rent, utilities, and supplies. To Calculate the subtotal of the difference column: We want to use the formula sum(entire column of the sub-total categories). To Calculate the difference: We want to use the formula PROJECTED COST – ACTUAL COST. In the “Actual Cost” column, enter the amount you actually spend on each expense each month. In the “Projected Cost” column, enter the amount you plan to spend on each expense. For example, if you budgeted $500 for groceries but only spent $450, the difference would be -$50. In the “Difference” column, enter a formula to calculate the difference between the budgeted amount and the actual amount for each expense. In this category, We want a main category and sub-category with the following columns, which are “projected cost”, “actual cost,”, and “difference,” and at the bottom of the difference column, you want to sum the entire values. We need to create our expense categories now that we have our spreadsheet.
How To Create A Monthly Budget Spreadsheet Step 1: Create a new Excel workbook with a descriptive nameīefore, we get started we need to firstly create an excel workbook and save it with a descriptive name. Step 5: Duplicate your worksheet for each month.Step 5: Make a summary of your monthly balance.Step 4: Create your monthly Income section.Step 3: Make a summary section of your expenses.Step 1: Create a new Excel workbook with a descriptive name.How To Create A Monthly Budget Spreadsheet.