Budget Calculator(1)

8/4/2019 Budget Calculator(1)

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Yearly Budget CalculatorHELP

Starting Cash Balance:

Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget

Total Income 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

TO SAVINGS 0%) 0 0 0 0 0 0 0 0 0CHARITY / GIFTS 0%) 0 0 0 0 0 0 0 0 0HOUSING (0%) 0 0 0 0 0 0 0 0 0UTILITIES 0%) 0 0 0 0 0 0 0 0 0

FOOD 0%) 0 0 0 0 0 0 0 0 0TRANSPORTATION 0%) 0 0 0 0 0 0 0 0 0

HEALTH (0%) 0 0 0 0 0 0 0 0 0DAILY LIVING (0%) 0 0 0 0 0 0 0 0 0

CHILDREN 0%) 0 0 0 0 0 0 0 0 0OBLIGATIONS 0%) 0 0 0 0 0 0 0 0 0

BUSINESS EXPENSE 0%) 0 0 0 0 0 0 0 0 0ENTERTAINMENT (0%) 0 0 0 0 0 0 0 0 0

SUBSCRIPTIONS 0%) 0 0 0 0 0 0 0 0 0MISCELLANEOUS 0%) 0 0 0 0 0 0 0 0 0

NET (Income - Expenses)0 0 0 0 0 0 0 0 0 0 0 0 0

Projected End Balance 0 0 0 0 0 0 0 0 0 0 0 0 0

Actual End Balance

INCOME Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BudgeWages & Tips 0 0 0 0

Interest Income 0 0 0 0

Dividends 0 0 0 0

Gifts Received 0 0 0 0

Refunds/Reimbursements 0 0 0 0

Fi nancial Aid 0 0 0 0

Rental Income 0 0 0 0

Other Income 0 0 0 0

Total INCOME 0 0 0 0 0 0 0 0 0 0 0 0 0

TO SAVINGS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BudgeEmergency Fund (6-12 mo) 0 0 0 0

Emergency Spending 0 0 0 0

Retirement Fund 0 0 0 0

College Fund 0 0 0 0

Investments 0 0 0 0

Taxes 0 0 0 0

Down Payment 0 0 0 0

Home Repairs 0 0 0 0

Car Replacement 0 0 0 0

Car Repairs 0 0 0 0

Furniture Replacement 0 0 0 0

Vacation 0 0 0 0Other 0 0 0 0

Total TO SAVINGS 0 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - - -

CHARITY / GIFTS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BudgeTithing 0 0 0 0

Charitable Donations 0 0 0 0

Religious Donations 0 0 0 0

Gifts 0 0 0 0

Christmas 0 0 0 0

Other Charity 0 0 0 0

Total CHARITY / GIFTS 0 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - - -

HOUSING Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BudgeMortgage/Rent 0 0 0 0

Home/Rental Insurance 0 0 0 0

JAN FEB MAR APR M
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JAN FEB MAR APRTotal FOOD 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - -

TRANSPORTATION Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BuVehicle Payments 0 0 0 0

Auto Insurance 0 0 0 0

Fuel 0 0 0 0

Bus/Taxi/Train Fare 0 0 0 0

Repairs/Tires 0 0 0 0

Registration/License 0 0 0 0

Other Transportation 0 0 0 0

Total TRANSPORTATION 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - -

HEALTH Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BuHealth Insurance 0 0 0 0

Disability Insurance 0 0 0 0

Doctor/Dentist/Optometrist 0 0 0 0

Medicine/Drugs 0 0 0 0

Health Club Dues 0 0 0 0

Life Insurance 0 0 0 0

Veterinarian/Pet Care 0 0 0 0

Other Health 0 0 0 0Total HEALTH 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - -

DAILY LIVING Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BuEducation 0 0 0 0

Clothing 0 0 0 0

Personal Supplies 0 0 0 0

Cleaning Supplies 0 0 0 0

Laundry / Dry Cleaning 0 0 0 0

Salon/Barber 0 0 0 0

Other Daily Living 0 0 0 0

Total DAILY LIVING 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - -

CHILDREN Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff BuClothing 0 0 0 0

Medical 0 0 0 0

Music Lessons 0 0 0 0

School Tuition 0 0 0 0

School Lunch 0 0 0 0

School Supplies 0 0 0 0

Babysitting/Child Care 0 0 0 0

Toys/Games 0 0 0 0

Other 0 0 0 0

Total CHILDREN 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - -

OBLIGATIONS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Bu

Student Loan 0 0 0 0

Other Loan 0 0 0 0

Credit Card #1 0 0 0 0



Alimony/Child Support 0 0 0 0

Federal Taxes 0 0 0 0

State/Local Taxes 0 0 0 0

Legal Fees 0 0 0 0

Other Obligations 0 0 0 0

Total OBLIGATIONS 0 0 0 0 0 0 0 0 0 0 0 0% of Income - - - - - - - -


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JAN FEB MAR APR MNewspaper 0 0 0 0

Magazines 0 0 0 0

Dues/Memberships 0 0 0 0

Other Subscriptions 0 0 0 0

Total SUBSCRIPTIONS 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - - -

MISCELLANEOUS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budge

Bank Fees 0 0 0 0Postage 0 0 0 0

Other Miscellaneous 0 0 0 0

Total MISCELLANEOUS 0 0 0 0 0 0 0 0 0 0 0 0

% of Income - - - - - - - - -


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Instructions

HELP 2010 Vertex42 LLC

INTROs u ge a cu a or s es gne o e p you o crea e an manage your u ge on a

monthly basis, all within a single worksheet. This allows you to (1) easily add or remove

budget categories, (2) plan for irregular expenses, (3) plan based on a variable income, and (4)

make future predictions to aid in decision making.- To aid in scrolling and viewing, I would recommend using Window > Freeze Panes.- Values are formatted to display dollar amounts (like $25 instead of $25.12) to allow for

narrower columns. However, you can still enter more exact values, like $25.12.- If you have good eyes, you may want to change the zoom on the worksheet to show more of

the budget at one time. 80% is a pretty good zoom value.- n s sprea s ee , s nc u e as an ca egory, u e orma ng s se up

similar to INCOME. That is because Saving MORE is usually better. You can track your savings

using a separate worksheet.- Before Printing , you may want to hide the columns you don't need to see.

STEP 1 Enter your Current Balance as of Month 1. This will usually be the sum of the balances in your

spending account(s). ,

balance, then your current balance would be the sum of your checking account balances minus

your current balance on your credit card(s). In other words, you'd treat your credit card as a

spending account just like you would your checking account, and each month the charges you

make to your credit card will be entered as expenses just as you would do with bills and

expenses you pay from your checking account(s).Credit Card Debt : Payments made to pay off outstanding debt on your credit card would be

entered as an expense under the Obligations category.

STEP 2 Edit, Add, or Delete sub-categories as needed. I don't recommend you delete major

categories, because that will really mess things up.nser ng ows : en you a a su -ca egory, copy an ex s ng row so a e ormu as are

copied) and make sure to insert the copied row somewhere ABOVE the last row in the group orBELOW the first row in the group so that the formulas stretch to include the row you added. I

would recommend checking the TOTAL formulas after adding rows, to ensure that they remain

STEP 3 Modify the Month labels as needed (like JAN, FEB, etc. or AUG, SEP, etc.)

STEP 4 Create your budget

Budget Guideline #1 - Total Allocation or "It All Goes Somewhere"- en crea ng your u ge , you wou genera y wan o ma e e ncome- xpenses

equal to zero. If you have extra (a Positive NET value), then you could allocate that to savings

or paying off debt for example. If you have a negative NET, then you'll need to cut back

somewhere or earn more money.

Budget Guideline #2 - Be Specific- you ave mu p e sav ngs goa s, a a su -ca egory or eac one. rea ng ou your

expenses into specific categories will help give you a better idea of where you are spending

and therefore where you may be able to cut back. So yes, you could probably get away with a

single category for all "Entertainment", but I certainly wouldn't lump regular expenses in with- ou can copy an pas e ce s as nee e . or examp e, en er an average ue cos n an,

and copy the value to other cells. But, only copy and paste cells if they have similar

formatting. For example, don't copy cells from the BUDGET column and paste into the ACTUAL

column. The ACTUAL column uses special conditional formatting to highlight values that are
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will likely occur, or use the approach of averaging the cost across each month. If you are using

the averaging approach, I strongly recommend that you use a special savings account as a

holding place for these larger expenses. That way, the balances in your spending accounts will

more closely match the balance shown in the ACTUAL column each month. For example, if you

are planning to spend $600 for Christmas, then put away $50 each month into a special savings

account, and budget $50 each month in the Christmas category.- n er an average mon y va ue or ar a e xpenses mon y expenses a c ange rom

month to month, like groceries). To calculate an average, you can find the total for the past 3

months and divide the value by 3. For groceries, especially, it's good to use the past 3-6

months. Make sure to maintain a good cushion in your spending account to handle these- Use FORMULAS to do basic calculations like "=245/6" to divide 245 by 6 or "=34*2" to

multiple 34 by 2, or "=34+12+45" to add a bunch of numbers. Formulas are entered using the- A ce comments as nee e to e p exp ain costs. Ce comments s ow up as itt e re

triangles, like the one to the left. This is one of the benefits of using a spreadsheet. For

example, enter the names of Birthdays in comments for the Gifts Given category.

STEP 5 Enter Actual Income and Expenses- ou can o s on a ay- o- ay, wee - y-wee , or mon y as s. se ormu as e

"=23+12+43" to add multiple values to a particular category. Add cell comments to explainpurchases as needed. This will be particularly helpful when you go back to review the year in

preparation for preparing your next-year's budget.- wou recommen us ng so ware e u c en o en er your ransac ons an ass gn

transactions to specific categories. You can set up your categories in Quicken to be like those

in this spreadsheet. Then, you can run reports in Quicken to summarize your monthly

expenditures and then enter those actual amounts into this spreadsheet.

STEP 6 EACH MONTH: Enter the Actual Ending BalanceJust i e you i wit Step 1, oo at your an an cre it car statements to enter your

actual ending balance. You will now need to resolve any differences between this value and

the Projected Actual End Balance, by looking to see if you made any mistakes, left out any

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Budget Calculator(1)