Personal Finances Spreadsheet Template

000 Wonderful Personal Finance Spreadsheet Template Idea
Personal finances is the foundation upon which a person's financial future depends. It determines whether you have sufficient savings, sufficient income or if you'll fall short in your payments to creditors. This is why it is important for people to come up with personal budgets to ensure that all their money goes to its intended purpose. In a personal finances spreadsheet template, you can make a document simply by using a few sheets of paper and some computer software.

Most of us are aware that Excel is a great tool to create spreadsheets. However, many people don't know how to use it properly. It is very basic in its functional sense, but it can be very confusing when used for accounting purposes. It is much better to get yourself familiar with this program first before making use of an Excel personal finances spreadsheet template. Here are the basics of what you should learn.

You must select a spreadsheet template that you think will work well for you. You can search the web for such a thing and you can even download one from sites that offer such templates. The personal finance management software that you choose should be easy enough for you to use.

The first thing that you need to do is to fill out your personal information. It will include your name, birth date, social security number, date of birth, salary, current and past monthly expenses and other vital personal information. Make sure that you enter your taxes on the fields that are appropriate. When you have finished entering your personal information, highlight all the fields that are blank and press on the 'format' button on the top right corner of the screen. Type in your data and then just click the buttons to automatically format your personal finances spreadsheet.

Choose a style that you think will be convenient for you to use. There are two types: Microsoft Word and Excel. Although Excel is quite a bit more professional looking than Word, you need to learn how to use Microsoft Word in order to make it look appealing. For example, when you're filling out a cell in Excel, you need to know how to use the tabs. This will make it easier for you to organize all your information into tabs.

Do not just use your first name as your personal title. Your real name will appear on the financial statements, whereas using your nickname will prevent this from happening. There is no need for you to use hyphens as they will automatically be translated into dots when using Word. Using commas in the names of people will automatically break the word up and make it look like two separate paragraphs.

You can use the financial statement that comes with your spreadsheet template to write a budget for your personal finances. If you find that you do not want to rely on financial statements, you can also make an income forecast by entering your hourly wage in the cells for each month. You should also put in your capital assets and personal property using the cells for these items. You can also add in your estimated future income based on your personal investments if you so desire.

It is a good idea to have your financial statements so that you can look them over at a later time if you need to. However, it is not necessary to have financial statements to create a budget or an income forecast. You can simply take your personal bank statement and paste it into Excel to make your own personal financial statements for your own use. When you are reviewing your personal statements, you will be able to see exactly where your money has been going and exactly how it is being spent. If you find that there are any strange patterns in your financial statements, such as large amounts of money going to your bank, you will need to take a look at how you have invested that money before continuing.