Please select the A10:A15, then press the Ctrl key and select the N10:N15 and then follow the same methods we introduced in Step 5-(2) and Step 6. Step 7: Add a pie chart for the expenses in this budget year. (2) Add Chart title with clicking the Layout > Chart Title > Above Chart in Excel 2007/2010 (In Excel 2013, the Chart title is added automatically), and enter a chart title, such as Incomes in Budget. (1) Add labels for the pie chart with right clicking the pie and selecting the Add Data Labels from the right clicking menu. (2) Click the Pie button (or Insert Pie and Doughnut Chart button in Excel 2013) on the Insert tab, and then specify a pie chart from the drop down list. (1) Select the Range A4:A6, then hold the Ctrl key and select the Range N4:N6. Step 5: Make a pie chart for the incomes in this budget year. Step 4: Calculate the deficit or surplus in this budget year: In Cell B18 enter =B7-B16, and drag the Fill Handle to apply this formula to Range C18:N18. (3) Calculate total expense in the budget year: IN Cell N16 enter =IF(SUM(B16:M16)=SUM(N10:N15), SUM(N10:N15), FALSE), and press the Enter key. (2) Calculate total expense of each item: In Cell N10 enter =SUM(B10:M10), and drag the Fill Handle to apply this formula to Range N11:N15. (1) Calculate total expense of each month: In Cell B16 enter =SUM(B10:B15), and drag the Fill Handle to apply this formula to Range C16:M16. Step 3: Calculate the total expense of every month and every items. (3) Calculate the total income in the budget year: in Cell N7 enter =IF(SUM(N4:N6)=SUM(B7:M7), SUM(N4:N6), FALSE), and press the Enter key. (2) Calculate total income of every item: In Cell N4 enter =SUM(B4:M4), then drag the Fill Handle to apply this formula to Range N5:N6. (1) Calculate total income per month: In Cell B7 enter =SUM(B4:B6), then drag the Fill Handle to apply this formula to Range C7:M7. Step 2: Enter your budget data of income and expenses into the table, and calculate the total incomes of every month and every item: Step 1: Prepare a table, and enter its row headers and column headers as following screen shot shown: The following steps will walk you through customizing a monthly budget template in Excel. Here is the collection of best printable budget templates broken down by categories (they are 100% FREE and downloadable, but may contain watermarks and uneditable).Although there are so many budget templates for downloading, you may still want to make a custom monthly budget template based on your needs. But if you like to plan everything with pen and paper, then budget printables will be a perfect solution for you. If you’re 100% digital person, you’re likely to google a smartphone app, excel templates or any other best online budgeting sites. When it comes to tools that can help you achieve that, there are plenty of mediums to choose from. A great advantage of having a budget is a possibility to track your spending habits over time and adjust them accordingly. It’s to help you plan for how, what for and how much money will be spent or saved during a particular period of time.
A budget is a structured list of your personal or household expected income and expenses. Whatever you may need money for, it’s important that you stick to your budget day in and day out. You don't want to get a negative balance of your credit card, don't you? Moreover, keeping track of your finances can play an important role in the pace you improve your savings account balance and save money for your dream vacation, house or car. In the world of consumerism, it’s easy to spend a few bucks here and there to suddenly find out that you exceeded your daily, weekly or monthly budget. The ability to manage your cash flow and track your income and expense is vital. Because it's not only business people who care about profits and expenses. It's no wonder why one of the many tips on personal finance management is to make budget.Īnd you don't have to be a financial specialist to do that. What can be more important than time management? Correct.