For a decent quality of life, basic living expenses must be met. Most people can achieve this if they are careful with their finances. A budget is one of the best ways to manage your personal finances. A budget will help you organize your finances and control how much debt you may have to live the life you desire. Budgets can help you plan your monthly expenses, your activities, your future, and your financial future.
Maintaining a budget spreadsheet or template can make managing your money a little easier. Here are some of our favorite budgeting template. You should do some research before downloading any budget spreadsheet or template. You can avoid phishing viruses by checking online reviews and downloading budget templates from trusted websites. It can be daunting to manage your personal finances. However, there are many spreadsheets available online that will help you. Find out all the options available to you here.
Overview of Dave Ramsey Budget Template
Use the Dave Ramsey budget plan to help you budget. These are the Dave Ramsey budget spreadsheet and steps that will help you get started with this zero-based method. Dave Ramsey’s allocated spending plan is unique in that it assigns expenses based on when you get paid. This means that you won’t be able to budget month-by-month (unless you get paid monthly).
Let’s assume that you get paid bi-weekly every Friday. Your budgeting cycles would look something like this:
- Pay Period 1: Friday, January 6th through Wednesday, January 19th
- Pay Period 2: Friday, January 20th to Thursday, February 2nd.
If you are paid bi-weekly on Fridays and your spouse receives payment on certain days (the 1st or 15th of each month), you’d have four to five pay periods in each month.
Four Steps to Implement the Dave Ramsey Allocated Spending Program
There are four steps that you need to take in order to stick with an allocated spending budget.
- Step 1: Incorporate your expenses and pay periods into the spending plan.
- Step 2: Determine your expenses.
- Step 3: Keep track of your expenses.
- Step 4: Balance to zero
Vertex42 Spreadsheets
Vertex42 offers over a dozen budget and personal finance worksheets that can be used with Microsoft Excel. There are spreadsheets to help you manage your household budget, personal and business budgets as well as Christmas gift budgets and wedding budgets.
The Money Management Template excel or Calc spreadsheet is ideal for tracking expenses against a budget. It does not require macros. These spreadsheets often include a tutorial or demo video, which makes them more appealing for people who are not familiar with spreadsheets.
PearBudget Budget Spreadsheet
PearBudget, a comprehensive monthly household finance spreadsheet, is free to download and use with Microsoft Excel. An analysis tab analyses expenses by various categories and shows the difference between budgeted and actual spending. PearBudget offers an online version of its budget spreadsheet, which doesn’t require a download. It is also available for a 30-day free trial
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Google Sheets
To find great budget options, use the Google docs gallery of Google Sheets.
- Monthly budget: This budget spreadsheet uses a percent of income to budget. It is intended for people with simple situations.
- Template for a yearly budget: This is a detailed monthly and yearly budget tracking spreadsheet. This budget spreadsheet allows you to project income and save money, as well as keeping track of your actual income and savings.
You can also use Google Drive spreadsheets to access some Vertex42 budget spreadsheets.
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Final Word
Plan your budget to make sure you have enough money for emergencies and to save up to pay for the vacation you want. It’s better to have your money than taking out a loan.
You can use the budgeting tools or templates provided to help you plan your budget. You’ll be able to identify where your money is going and how you can fix it.