Google Sheets Budget Template
Who Should Use It:
This user-friendly budgeting spreadsheet is a great resource for anyone interested in developing a plan for their finances. Undergraduate students, graduate students, alumni, faculty, and staff can use this to improve financial literacy and gain insight into their spending habits. Whether you are new to budgeting or looking for a financial refresh, this customizable sheet provides helpful insight into your spending and saving patterns.
How To Use It:
- Make a Copy: Follow the link to the template and select “Make a Copy”; this will save a personal version directly to your Google Drive. One neat aspect about this template is that the date will be updated automatically, so when you make a copy, the spreadsheet will have today’s date listed, and it should update each day. This can help you gain a more accurate, up-to-date vision of your finances!
- Collect Essential Information: Gather important pieces of information regarding your finances. This consists of income (weekly, bi-weekly, etc.), monthly bills (rent, utilities, subscriptions, etc.), yearly expenses, and credit card balances. Depending on your goals, you may also need to include savings and stocks information.
- Fill Out the Template: The sheet is designed to update across tabs automatically, so you can input aspects into designated fields such as Savings Percentage Calculator and your budget will be updated!
Why It’s Helpful:
Assists in Providing Peace of Mind: A lack of knowledge on where your money is being allocated may cause worry or stress. In one place, this spreadsheet allows you to see where your money is heading and lays a foundation for working toward your financial goals.
Comprehensive and Detailed: This Google Sheet has been designed to encapsulate the multi-faceted nature of personal finance. By including tabs on savings goals, stocks, and large purchase calculations, this sheet allows for a long-term financial view beyond standard monthly expenses.
User-Friendly and Colorful: Further adding to better understanding, this template offers an exceptional user experience through its color coding and easy-to-read wording. These features make this template great for those who are just beginning their financial literacy journey, as well as those who have been on it for quite some time and would like a refresh.
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