Budget Spreadsheet Template and Some Examples
Budgeting is necessary to ensure the income is enough to support expenses. As you know, the budget creates a balanced mode between what you earn and what you spend. The balance is not enough because the budget must allocate the cash for an emergency. In order to calculate properly, you can use a budget spreadsheet template.
Things Related to Budget Spreadsheet
The template uses a spreadsheet as the file type. You might be familiar with this kind of file that mostly refers to excel software. The layout uses a full-table mode with labels and names. To know more about this template, check the explanation in below section.
- Template is free
You can create your own budget spreadsheet template and use it for almost budgeting sessions. On the other side, the downloaded template is the right choice because the design and layouts are specifically for certain purposes. Furthermore, the file is free without paying anything. You may find a few of them are not free. However, the free file is more than enough to fulfill your needs.
- Compatible to major software
As mentioned above, the spreadsheet is a common file, which means many kinds of software can support it. Mostly, you can open the file in Excel or any app in your device. As an alternative, the file is capable to be in the online app. You can edit without downloading. Moreover, the editing process is real-time. The file is stored in cloud storage that’s accessible anywhere.
Examples of Template for Budget Spreadsheet
The budget sheet has several types based on purpose and time frame. You can start from a simple budget that’s capable to fulfill the basic need. More about the examples of the budget spreadsheet template will be in the following section.
- Simple budget
- Personal budget planner
- Weekly budget sheet
- Monthly budget
- Household budget sheet
- Business budget
- Travel budget spreadsheet
- Holiday budget
- Student budget
- Retirement budget
The company uses a budget based on a business plan. One of the templates can fulfill such needs. A business budget is much reliable when the company estimates sales figures and spending. Another template uses a time frame, such as weekly. For one week, you have money and it must be spent in proper expense.
The next budget sheet template uses categories, such as retirement, student, and travel. The education is not cheap and that’s why budgeting becomes necessary. For travel, you do not want to spend all the money without receiving the utmost value. The rest of the templates are dedicated to any budget method you prepare.
Details of Budget Spreadsheet
- Prevent overspending
You use a budget spreadsheet template due to some reasons. The most common one is to avoid overspending. The budget keeps your money in balance. You have many wants but only a few of them are considered as needs. Therefore, overspending is prevented if you only spend on what you need.
- Keep track of the financial situation
From the budget sheet, you know where the money comes from and where you spend to. Keeping on track of financial situations is no easy task. Sometimes, you spend but do not realize that money is sent to improper spending. The budget spreadsheet template has a tracking section as an extra feature. At the end of the period, you still have enough for the next budgeting.