The simple excel budget template is a free budget spreadsheet that has been designed specifically for the purpose of budgeting on a small to medium scale. This product was created by Chris Freville, who is a Chartered Accountant. The spreadsheet is very easy to use and it even has the features that you would find in an excel template. This is one tool that will give you a real sense of financial control and if you are serious about being more efficient with your money, then this may be just what you are looking for. In fact, many companies are now making their own variations of an excel template.
The free excel budget spreadsheet is based upon the worksheet types that are available in Microsoft Excel. This program is the most widely used office tool that is available on the world wide web today and is very well loved by both business people and students for its ease of use and ability to function within a number of different worksheets and charts. Most of the formulas that are contained within these workbooks are based upon the mathematical language of VBA. What this means is that you can write a VBA formula and this will automatically be translated into an Excel form so that you can use it within your worksheet. The VBA formula is a bit of a misnomer, as it is not really a type of formula, but instead it is a programming language that is used within Excel to create unique calculations.
This has made it possible to create formulas that are extremely complex and make use of complex mathematics, but this is also why it is easy to understand and to use. You don't have to be a computer genius to be able to use the budget spreadsheet, all you have to do is copy and paste the required information and then add your own information into the cells that are designated as the columns of the template. This may include new categories that you want to include, new categories that you want to remove from the original list and even columns that change based upon the amount of money that you are currently spending. In fact, there are so many options that this budget template can take that you are left with virtually unlimited possibilities. It is just a matter of how creative you are with your own creativity and how well you choose to customize your template.
There is no way to predict when a disaster will strike and you need a solid understanding of what you should be doing in advance. This is where budgeting can become extremely important, as the lack of budgeting often leads to financial problems and difficulties. The best thing about the spreadsheet approach to budgeting is that the budgeting itself is relatively easy to understand and very easy to implement. The formulas are designed to make it as easy as possible for you to enter the figures that you need to determine your budgeting and spending. The budget template will also show you all of your monthly bills, as well as any hidden fees that you may not have included. This type of budgeting is the easiest way to manage your finances on a daily basis, as well as making it possible for you to save money through frugal living techniques.
Every budget will require some sort of planning, whether you are looking to manage your debt through debt consolidation or simply have a plan to save money for a specific purpose. The planning process is where Excel can shine, as it is the most widely used and accepted spreadsheet program on the entire internet. The great thing about Excel is that the user can design their own charts, and graphs, as well as change the appearance of the budget in any way that they see fit. If you are going to focus on debt consolidation, for example, you could change the title from "Budget" to "Cost Savings" and include a picture of the consolidation loan. By adding a little bit of personality to your budgeting, you can really personalize it to your needs. You may even find that you will want to have a section dedicated specifically to expenses for things like clothing and entertainment.
In order to use the budget spreadsheet, you will need to first download a copy of Excel, as well as a free version of Power Point. Once these two things are downloaded, open up a new workbook or spreadsheets in Excel. Once opened, you will need to locate the "Formula" icon on the far right toolbar and click it. A formula will be displayed, which will allow you to enter data into the cells. The formula is what will allow you to calculate how much money is being spent on each category, and how much is left over after you have subtracted each category's expenses from the income.
After entering all of the necessary information, save the workbook or file and then open it in Excel. You will immediately see the remaining budget categories and the total amount for each one. If there is a spreadsheet associated with your financial budget, then you can select it and copy and paste your budget data into the blank areas. If there is not a corresponding spreadsheet, then just copy and paste the entire budget into the blank area, and then make sure that you are working in Excel.
If you want to calculate the monthly expenses for a particular category, then you simply add the item you wish to calculate against the current, total expense, then divides by the number of categories in your financial budget. This will give you the exact dollar amount that you will need to spend for each category in your Excel household budget template. To calculate the difference between actual amounts due for each category, simply divide the actual total by the sum of the amounts due for all categories in your financial budget. That will give you the amount to spend for this category.