Download:
Instructions:
- Click the link above to download the spreadsheet tool.
- Open the file. Enter your personal and household expenses in the columns titled “Planned” and “Actual.” You can use the “Insert” function to add new rows or the “Delete” function to remove them as needed. The “Budget balance” table will calculate the total automatically, even if you delete rows or cells. Note: Avoid deleting the “Subtotal” row in each table, as this will affect the budget balance calculation.
- If you customize the spreadsheet, be mindful of the formula in the “Budget balance” section. Remember to update it if you add another category to the budget, for instance.
More on budgeting:
- How to create a monthly budget: A step-by-step guide for Canadians
- Debt demystified: How to calculate your debt
- How Canadians can save money on gas, grocery, cellphone and other home bills
- How to calculate your debt-to-income ratio—and why you should know this number
The post MoneySense’s free Excel template for your monthly budget appeared first on MoneySense.
Margaret Montgomery
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