Red / Yellow Indicator lights highlight budget issues Personal Finance in an Excel budget spreadsheet We discuss creating a personal budget template in Excel, practical examples, and a downloadable template.Create a budget and compare to actual amountsĮxcel does the calculations and saves you time This article is a guide to Personal Budget Templates in Excel.
We are creating a dropdown list of expenses from the result sheet. Create a dropdown list in Excel for “Expenses Head” from the result sheet.To get a month, we need to put one formula: the TEXT formula. Now, we have the expenditure template ready.After inserting headings, create a table by pressing the shortcut keys “Ctrl + T.”.Create a format as per the below image in a new sheet. We need to create a template for capturing daily expenditure details. Apply a formula for the “Variance” column for all the months.Apply the SUM formula for total expenditure in cell C22.Now, apply a formula to capture variance.We must apply the SUM function in the C8 cell to capture the total income.For example, it could be from salary, house rent, or a loan on interest.Ĭreating this list in the Excel spreadsheet. First, we must not list the expenses but list the income sources.