This personal budget template is a basic tracker for your daily, monthly, and yearly personal finances! Use this budget if you want to keep track of your spending and saving. Additionally, if you are looking for an even more detailed budget template, check out CFI's advanced personal budget template!
This personal budget template uses your fixed expenses and your monthly after-tax income as inputs. By using these, it calculates how much you spend and save.
This personal budget template contains inputs and schedules that are used to help you determine your budget, savings, and overspendings. This will help you manage your personal finances.
These are the inputs for this personal budget template :
- Fixed Expenses: pre-defined expenses that you incur every month; examples include rent, utilities, insurance, loan payments, etc.
- After-Tax Monthly Income: the money you make every month, after all taxes and deductions have been subtracted; your incoming cash flow from all sources
- Spending: your total amount of spending for every single day; add up all expenses to enter the daily expenses
Monthly Budget Table
Use the monthly budget table to post your transactions for your variable expenses. You should sort your transactions based on the date. Additionally, make sure to include the expense category, description of your transaction, and the amount spent.
The monthly budget table in the 'personal budget' tab shows you your spending allowance every day. Additionally, it shows the surplus, which is how much money you have leftover for the day, after your spending. Finally, it shows a running surplus, which is the accumulative amount you have leftover or you overspent. Therefore, use the monthly budget table to see if you are on track with your spending.
Annual Budget Review
This tab adds up all the surpluses or overspending for each month. Thus, the annual budget review tab displays your savings for the year
How to Use
Here is how you use this personal budget template:
- Set your inputs: fixed expenses, monthly after-tax income, number of days of the month. This accounts for 28, 29, 30, and 31 days months)
- Post your daily amount of spending
- Analyze your monthly spending on the 'personal budget' tab
- Enter the total monthly spending into the annual review tab for each month
- Review your yearly spending using the annual budget review tab