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2010 Budget and Expense Tracker

This document outlines steps for creating a personal budget in 5 steps: 1. Set categories and monthly budgets for each category. Do not delete savings categories. 2. Record individual expenses with date, category and cost for each month. 3. Record pre-tax income for each month. 4. See monthly and year-to-date savings, spending, and percentages of income. 5. Analyze spending by category compared to monthly budgets and percentages of income.

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Michael Austin
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29 views

2010 Budget and Expense Tracker

This document outlines steps for creating a personal budget in 5 steps: 1. Set categories and monthly budgets for each category. Do not delete savings categories. 2. Record individual expenses with date, category and cost for each month. 3. Record pre-tax income for each month. 4. See monthly and year-to-date savings, spending, and percentages of income. 5. Analyze spending by category compared to monthly budgets and percentages of income.

Uploaded by

Michael Austin
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Step 1: Categories and Budgeting

>>

Step 2: Individu

1. Delete, rename, or add categories as necessary. 2. Do not delete "Unplanned Savings" and "Planned Savings" Categories 3. Set a monthly budget for each category

1. Write each expense in a new row, wi 2. Write in costs as a positive number. 3. Include taxes.

Category Unplanned Savings Planned Savings Utilities Food Insurance Transportation Personal Care Entertainment Miscellaneous Charity Taxes Housing

Monthly Budget

Month

Day

Step 2: Individual Expenses

>>

Step 3: Pre-Tax (Gross) Income.

1. Write each expense in a new row, with a month and category. 2. Write in costs as a positive number. 3. Include taxes.

1. Write pre-tax income for each month.

Transaction

Category

Cost

Month 1 2 3 4 5 6 7 8 9 10 11 12 Year to date Running Total

Step 3: Pre-Tax (Gross) Income.

>>

Step 4: Savings and Spending Analysis (Don't Edit: these are automatically calculated and updat

rite pre-tax income for each month.

1. See how savings and spending changes month by month.

Income

Month 1 2 3 4 5 6 7 8 9 10 11 12 Year to date Running Totals

Spending 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Unplanned Savings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Unplanned Savings % of Income

$0.00

0.00

Spending Analysis cally calculated and updated)

>>

Step 5: Category Analysis and (Don't Edit: these are automatically calc

1. Copy down formulas from row 21 if you add 2. See how your monthly average is comparing t

Planned Savings $ $ $ $ $ $ $ $ $ $ $ $ -

Total Savings Total Savings % of Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Category Unplanned Savings Planned Savings Utilities Food Insurance Transportation Personal Care Entertainment Miscellaneous Charity Taxes Housing

Total Category $ $ $ $ $ $ $ $ $ $ $ $ -

0.00

0.00

Step 5: Category Analysis and Budgeting it: these are automatically calculated and updated)

1. Copy down formulas from row 21 if you add more categories See how your monthly average is comparing to your planned budget

Year-to-date Monthly Average

Monthly Budget $ $ $ $ $ $ $ $ $ $ $ $ -

Year-to-date % Gross Income

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