Simultaneously add total income and expense in cells A2 & A3 and net income OR savings in column A4. Excel automatically adds the other months. Then, select cell B1, click the cell’s lower right corner, and drag it across to cell M1. Enter the months, i.e., Jan, into cell B1. We can all add these categories in Excel you can enter the different income and expenses categories in column B.
A health club (Annual or monthly memberships & spending). Study Loan (Taken during graduation or postgraduation studies). Gifts are given on any wedding or other occasions. Investments & super contributions (Stock market or mutual funds). Paying off debt if you have taken from someone. You should know or be aware of your monthly expenses or spending, which are categorized into various sections. 
Family benefit payments you have received prior (monthly or annual). Income from savings and investments made (monthly or annual). Bonuses/overtime worked & payout from the company (monthly). Your partner’s or spouse’s take-home pay (monthly). You Should Know or Be Aware of Your Monthly Income or Earnings The following criteria are kept in mind while creating a budget in the below-mentioned categories, I can add to create an Excel template of it. Suppose I want to create a family budget planner. You can download this Budget Excel Template here – Budget Excel Template Example of Family Budget Planner Goal Settings: We can set short or long-term goals with budget planning in Excel. Variable Expenses: Groceries, Home & utilities, personal, medical expenses & entertainment fluctuate month on month & variation will be based on your spending. Fixed Expenses: Monthly Loan amounts (car, home, personal) & mortgage remains constant month after month, whereas,. Also, it is always better to document your expenses they may be Fixed and Variable Expenses. Many templates are available in Excel, but it is always better to make your own. The budget planner analyzes your spending habits. In addition, it will help you to spend the right expense items at the right ratios when you are in debt-ridden or financial difficulty.Ī budget estimates revenue or income and expenditure or expense for a particular set of periods. The budget planner is essential to track your monthly income and expenses. 
How to Create a Family Budget Planner in Excel?īudget in Excel or budget planning helps you to keep your finances in check, i.e.Excel functions, formula, charts, formatting creating excel dashboard & others
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