Yearly Budget Calculator

Budget Calculator by Vertex42.com 2010-2014 Vertex42 LLC

Starting Cash Balance: 1,000.00 [42]

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL TOTAL
Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual
Total Income 250 310 60 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250 310
Total Expenses 920 360 560 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 920 360

TO SAVINGS (43,5%) 400 200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 400 200

CHARITY / GIFTS (21,7%) 200 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200 50
HOUSING (2,2%) 20 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 10
UTILITIES (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FOOD (32,6%) 300 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 300 100
TRANSPORTATION (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
HEALTH (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DAILY LIVING (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
CHILDREN (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
OBLIGATIONS (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
BUSINESS EXPENSE (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ENTERTAINMENT (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SUBSCRIPTIONS (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MISCELLANEOUS (0%) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

NET (Income - Expenses) -670 -50 620 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -670 -50

Projected End Balance 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620 330 950 620
Actual End Balance [42]

INCOME Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Wages & Tips 200 300 100 0 0 0 0 0 0 0 0 0 0 0 200 300
Interest Income 50 10 -40 0 0 0 0 0 0 0 0 0 0 0 50 10
Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gifts Received 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Refunds/Reimbursements 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Fi nancial Aid 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Rental Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total INCOME 250 310 60 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250 310

TO SAVINGS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Emergency Fund (6-12 mo) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Emergency Spending 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retirement Fund 0 0 0 0 0 0 0 0 0 0 0 0 0 0
College Fund 400 200 -200 0 0 0 0 0 0 0 0 0 0 0 400 200
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Down Payment 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Home Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Car Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Car Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Furniture Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Vacation 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total TO SAVINGS 400 200 -200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 400 200
% of Income 160.0% 64.5% - - - - - - - - - - - - - - - - - - - - - - 160.0% 64.5%
CHARITY / GIFTS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Tithing 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Charitable Donations 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Religious Donations 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gifts 200 50 150 0 0 0 0 0 0 0 0 0 0 0 200 50
Christmas 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Charity 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total CHARITY / GIFTS 200 50 150 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200 50
% of Income 80.0% 16.1% - - - - - - - - - - - - - - - - - - - - - - 80.0% 16.1%

HOUSING Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Mortgage/Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Home/Rental Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Real Estate Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Furnishings/Appliances 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Lawn/Garden 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Maintenance/Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Improvements 20 10 10 0 0 0 0 0 0 0 0 0 0 0 20 10
Other Home Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total HOUSING 20 10 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 10
% of Income 8.0% 3.2% - - - - - - - - - - - - - - - - - - - - - - 8.0% 3.2%

UTILITIES Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Electricity 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gas/Oil 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Water/Sewer/Trash 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Phone 0 0 0 0 0 0 0 0 0 0 0 0 0 0
 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL TOTAL
Cable/Satellite 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Internet 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total UTILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

FOOD Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Groceries 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dining / Eating Out 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Pet Food 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Food 300 100 200 0 0 0 0 0 0 0 0 0 0 0 300 100
Total FOOD 300 100 200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 300 100
% of Income 120.0% 32.3% - - - - - - - - - - - - - - - - - - - - - - 120.0% 32.3%

TRANSPORTATION Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Vehicle Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Auto Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Fuel 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Bus/Taxi/Train Fare 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Repairs/Tires 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Registration/License 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Transportation 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total TRANSPORTATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

HEALTH Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Health Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Disability Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Doctor/Dentist/Optometrist 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Medicine/Drugs 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Health Club Dues 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Life Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Veterinarian/Pet Care 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Health 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total HEALTH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

DAILY LIVING Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Education 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Clothing 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Personal Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cleaning Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Laundry / Dry Cleaning 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Salon/Barber 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Daily Living 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total DAILY LIVING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

CHILDREN Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Clothing 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Medical 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Music Lessons 0 0 0 0 0 0 0 0 0 0 0 0 0 0
School Tuition 0 0 0 0 0 0 0 0 0 0 0 0 0 0
School Lunch 0 0 0 0 0 0 0 0 0 0 0 0 0 0
School Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Babysitting/Child Care 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Toys/Games 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total CHILDREN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

OBLIGATIONS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Student Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Credit Card #1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Credit Card #2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Credit Card #3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Alimony/Child Support 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State/Local Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Legal Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Obligations 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total OBLIGATIONS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

BUSINESS EXPENSE Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Deductible Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Deductible Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total BUSINESS EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL TOTAL
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

ENTERTAINMENT Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Vacation/Travel 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Videos/DVDs 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Music 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Games 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Rentals 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Movies/Theater 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Concerts/Plays 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Books 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Hobbies 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Film/Photos 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sports 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Outdoor Recreation 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Toys/Gadgets 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Entertainment 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total ENTERTAINMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

SUBSCRIPTIONS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Newspaper 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Magazines 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dues/Memberships 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Subscriptions 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total SUBSCRIPTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%

MISCELLANEOUS Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff Budget Actual Diff
Bank Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Postage 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Miscellaneous 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total MISCELLANEOUS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Income 0.0% 0.0% - - - - - - - - - - - - - - - - - - - - - - 0.0% 0.0%
Instructions
HELP

INTRO

STEP 1

STEP 2

STEP 3

STEP 4
STEP 5

STEP 6
Instructions
2010-2014 Vertex42 LLC

This Budget Calculator is designed to help you both create and manage your budget on a monthly basis,
all within a single worksheet. This allows you to (1) easily add or remove budget categories, (2) plan for
irregular expenses, (3) plan based on a variable income, and (4) make future predictions to aid in
decision making.
- To aid in scrolling and viewing, I would recommend using Window > Freeze Panes.
- Values are formatted to display dollar amounts (like $25 instead of $25.12) to allow for narrower
columns. However, you can still enter more exact values, like $25.12.
- If you have good eyes, you may want to change the zoom on the worksheet to show more of the budget
at one time. 80% is a pretty good zoom value.

- In this spreadsheet, SAVING is included as an EXPENSE category, but the formatting is set up similar to
INCOME. That is because Saving MORE is usually better. You can track your savings using a separate
worksheet.
- Before Printing, you may want to hide the columns you don't need to see.

Enter your Current Balance as of Month 1. This will usually be the sum of the balances in your spending
account(s).

How to Handle Credit Cards: If you use a credit card like a debit card, and don't maintain a balance, then
your current balance would be the sum of your checking account balances minus your current balance on
your credit card(s). In other words, you'd treat your credit card as a spending account just like you would
your checking account, and each month the charges you make to your credit card will be entered as
expenses just as you would do with bills and expenses you pay from your checking account(s).
Credit Card Debt: Payments made to pay off outstanding debt on your credit card would be entered as an
expense under the Obligations category.

Edit, Add, or Delete sub-categories as needed. I don't recommend you delete major categories, because
that will really mess things up.

Inserting Rows: When you add a sub-category, copy an existing row (so that the formulas are copied) and
make sure to insert the copied row somewhere ABOVE the last row in the group or BELOW the first row in
the group so that the formulas stretch to include the row you added. I would recommend checking the
TOTAL formulas after adding rows, to ensure that they remain correct.

Modify the Month labels as needed (like JAN, FEB, etc. or AUG, SEP, etc.)

Create your budget

Budget Guideline #1 - Total Allocation or "It All Goes Somewhere"
 - When creating your budget, you would generally want to make the NET (Income-Expenses) equal to
zero. If you have extra (a Positive NET value), then you could allocate that to savings or paying off debt
for example. If you have a negative NET, then you'll need to cut back somewhere or earn more money.
Budget Guideline #2 - Be Specific

- If you have multiple savings goals, add a sub-category for each one. Breaking out your expenses into
specific categories will help give you a better idea of where you are spending and therefore where you
may be able to cut back. So yes, you could probably get away with a single category for all
"Entertainment", but I certainly wouldn't lump regular expenses in with variable expenses.

- You can copy and paste cells as needed. For example, enter an average fuel cost in Jan, and copy the
value to other cells. But, only copy and paste cells if they have similar formatting. For example, don't
copy cells from the BUDGET column and paste into the ACTUAL column. The ACTUAL column uses special
conditional formatting to highlight values that are over budget.

- Include Irregular Expenses (non-monthly large lump payments) in the months in which they will likely
occur, or use the approach of averaging the cost across each month. If you are using the averaging
approach, I strongly recommend that you use a special savings account as a holding place for these larger
expenses. That way, the balances in your spending accounts will more closely match the balance shown
in the ACTUAL column each month. For example, if you are planning to spend $600 for Christmas, then
put away $50 each month into a special savings account, and budget $50 each month in the Christmas
category.

- Enter an average monthly value for Variable Expenses (monthly expenses that change from month to
month, like groceries). To calculate an average, you can find the total for the past 3 months and divide
the value by 3. For groceries, especially, it's good to use the past 3-6 months. Make sure to maintain a
good cushion in your spending account to handle these variable expenses.
- Use FORMULAS to do basic calculations like "=245/6" to divide 245 by 6 or "=34*2" to multiple 34 by 2,
or "=34+12+45" to add a bunch of numbers. Formulas are entered using the "=" sign.

- Add cell comments as needed to help explain costs. Cell comments show up as little red triangles, like
the one to the left. This is one of the benefits of using a spreadsheet. For example, enter the names of
Birthdays in comments for the Gifts Given category.

Enter Actual Income and Expenses

- You can do this on a day-to-day, week-by-week, or monthly basis. Use formulas like "=23+12+43" to add
multiple values to a particular category. Add cell comments to explain purchases as needed. This will be
particularly helpful when you go back to review the year in preparation for preparing your next-year's
budget.

- I would recommend using software like Quicken to enter your transactions and assign transactions to
specific categories. You can set up your categories in Quicken to be like those in this spreadsheet. Then,
you can run reports in Quicken to summarize your monthly expenditures and then enter those actual
amounts into this spreadsheet.

EACH MONTH: Enter the Actual Ending Balance

Just like you did with Step 1, look at your bank and credit card statements to enter your actual ending
balance. You will now need to resolve any differences between this value and the Projected Actual End
Balance, by looking to see if you made any mistakes, left out any expenses, etc.
Budget Calculator

By Vertex42.com
https://www.vertex42.com/Calculators/budget-calculator.html

2010-2014 Vertex42 LLC

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