Personal Budget Templates
Download these 14 Free Personal Budget Templates in MS Excel format to assist you in planning your personal life efficiently.
Budget Planning is very important to effectively spend your hard-earned money and meet all of your financial objectives. Life is full of challenges and if you are struggling with your financial side, it becomes more critical to plan your expenses carefully. Accurate Budget planning helps you to spare enough funds for your critical needs while avoiding luxury or extra expenses that can cut your basic needs otherwise.
Proper planning is required in order to manage personal expenses and to save some money. This saving will help you to complete future projects that can be challenging for you without saving your money. You have to plan your personal budget in order to deal with unexpected expenses. It is really easy to plan a personal budget because only some concentration and discipline is required in order to do it successfully.
You have to consider all fixed expenses, variable expenses and unexpected events in order to plan a flexible personal budget. It is the right time to plan for your future because time runs really fast and you have to plan your personal budget in order to have a secure future. Living with a budget can be little but painful but you can live your life with dignity and grace. There will be no need to borrow money from other persons in order to fulfill your basic expenses.
Free Personal Budget Templates
Here are several Free Personal Budget Templates in MS Excel format to help you understand basic elements and then come up with your own unique and helping budget sheet.
Here is download link for this Personal Budget Template in MS Excel format.
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Here is a detailed Personal Budget Template in MS Excel.
Download link for this Personal Budget Worksheet Template in MS Excel.
Download this wonderful MS Excel Budget Worksheet.
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Here is its download link,
Here is download link for this good looking Personal Budget Template.
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Here is download link for this Personal Budget Planner Worksheet in MS Excel.
Download link for this Personal Budget Template in MS Excel format.
Click on the button bellow to start downloading this MS Excel Budget Template.
Personal Budget Planning Guidelines
Personal budget planning is necessary for your life and in order to help you I am going to share some simple tips to design your personal budget effectively:
Determine Your Financial Goals
In first step, you have to determine your life goals and prioritize them according to their urgency. For example, you have to collect funds for the higher education of children or you want to pay off your all debts within specific period of time. Budget planning will be easy for you after knowing your life goals.
Categorize your Income
In order to make your work easy, you have to itemize everything according to expense such as housing; insurance expense, medical, food, clothing, child care and savings can be some famous categories for your budget planning.
Analyze Your Expenditure
Determine time period for which you are designing your personal budget and calculate your total expense according to it. This will help you to estimate your expenses and discover all areas of unnecessary spending.
Identify Annual Expenses
Do not forget to include annual expenses in your budget such as holiday expenses, Christmas expenses, tax payments, membership fees etc. Divide your personal budget into monthly, annual and occasional expenses to make your planning easy.
Don’t forget to Consider These
Following are some important considerations required to gauge the effectiveness of a personal budget:
- You can design your personal budget using a spreadsheet program because it is easy and convenient place to manage everything. You can design different categories and then list all expenses related to a specific category.
- After completing your personal budget, analyze it and if you find your expenses more than your income then it will be good to revise your budget to cut down all additional and unnecessary expenses.
- Make a separate account to save a fixed proportion of money every month in order to enjoy a secure future. Take it as fixed expense to maintain its regularity because you will need it in future. It will also help you to plan your retirement and to plan your holidays.