005 Impressive Personal Expense Tracker Spreadsheet Template Design
A Personal Expense Tracker Spreadsheet template is a record of every single purchase you have made in the past year, including gas and meals. The template was designed by a financial planner who wanted to track his own personal expenses and keep a personal log of the items he bought. He then wanted to share this information with his clients, so they would be able to do the same thing. Personal spending becomes a very personal exercise and knowing what you spent last year helps you make better decisions about this year's purchases. It also gives you an idea of what your spending limits are and helps you plan for future increases in expenditure.
Expense tracking begins with a list of all your personal items. This will include personal loans, credit cards, auto loans, mortgages, student loans, etc. You should include all personal expenses for the month in which you are completing your expense report. If you can, include gas and parking costs, if your car is your only vehicle. Your estimate for gas and parking should take into account the current rate, if it is not your current estimate, you may want to update it accordingly.
Next, enter the total amount of each personal item you have purchased during the year. This may include a personal item that is being shared with a family member or friend. It may also include services or products that you have used on a yearly basis. Include services or products that are being purchased once a year as well.
The next section to your personal budget will outline all personal payments due. These payments include your regular paycheck, alimony, child support, mortgage payment, car payment, and personal installment payments. These payments should be broken down by creditor and include the interest due, the minimum payment due, and the balance. If you have a personal loan debt, include that debt in your budget.
The final section to your financial budget is about balancing the books. You need to determine what the personal item expenses for that period of time will actually cost you. This could be a lump_sum payment for items such as a new home or car, or it could be a monthly expense. You will then need to divide the amount of money you have for each category by the number of months you have left in the year. This will tell you how much you need to save or spend.
Once you have your personal spending accounts balanced, you can move onto expense tracking. Create a file in your spreadsheet with the following information: Personal budget, personal item expenses, personal loan payments, and your personal installment payments. Put labels on each type of personal expense. This will make it easy to identify which personal item you spent money on and will help you with your future budget planning. When the accounting is completed, you will have a clear picture of your personal finances and be able to easily manage them.
You should also keep track of any stocks, bonds, mutual funds, real estate property, and other investments you own. Any type of insurance you have should also be included in your financial budget. If you own any financial investments, you should include those in your personal budget. These are all part of your personal financial situation.
It may seem like a lot of information to keep track of, but keeping track of your personal expenses is vital to your personal and professional success. If you spend more than you make in a given month, you will never have enough cash to cover everything, so it is important to keep an accurate personal budget. If you are constantly finding yourself short of cash, you need to make changes in the way you live. Either cut back on expenses and increase savings, or increase investment capital. There are many choices you can make in order to achieve maximum personal success.
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