Excel is a great tool that lots of people have and have access to. If you don’t have Excel installed on your computer, you can use it for free by Creating a free Microsoft account. If you have a Hotmail or Live email address, you already have an account! You can sign in as usual.
Our template helps people get started. It has itemized expenses, income sources and debts. Categorized into housing costs, vehicle and transportation costs, other costs, income, and secured and unsecured debt. This is a great way to keep track of expenses like restaurants or vehicle fuel. When considering housing or vehicle ownership changes, it’s important to compare the costs directly. For example: Moving to a new home to save money may come with other indirect costs like higher utilities, transportation or other costs, even if the rent itself is lower.
We formatted it specifically to help you see how your expenses change over time. For example, fuel or car repairs may change monthly, but your rent may not. It’s essential to see these trends when planning. The excel sheet calculates the total expenses and income by category, calculates the total amount for the year and is printable in 6-month periods. You can customize any expense by deleting or replacing items with something relevant. For example, we understand that not everyone gets Child Tax Benefit and Pension. We added several categories because sometimes, people can use a reminder of small things like the accumulation of coffee expenses or irregular expenses like quarterly insurance payments.
If you have suggestions for how to improve our templates, we’d love to hear them. If you have a request for a custom template you’d like us to build for you or your business, send us an email with what you are looking for. If you have an idea for a tool that could help others, and we can build it, we would love to post it.
A printable black and white version is also available