excel tricks for personal budget spreadsheets

#EXCEL TRICKS FOR PERSONAL BUDGET SPREADSHEETS PLUS#

While budgeting is often considered challenging by many, it is reassuring to know various Excel templates can help make budgeting less complicated and more bearable. If anything, proper budgeting is much more important than most people realize. Regardless if you’re projecting your company’s annual cash flow or managing your personal monthly expenses, there is always some budget management required. A realistic and detailed personal budget template can help ensure you don’t spend more than you are supposed to. After all, spending can quickly get out of control if you treat all of your money as “disposable income.” Fortunately, this is where budgeting can come in handy.

Select both B14 and B15 and Autofill the cells F16-F27.Managing your money accordingly requires careful planning. Next, click on cell B14 and enter “=F14/8” hit the enter key once to select cell B15 and type “=F15/8” into this cell and hit enter again after keying that entry.

#EXCEL TRICKS FOR PERSONAL BUDGET SPREADSHEETS PLUS#

Autofill the cells D16-D27 by selecting cells D14 and D15 and dragging the black plus sign (this appears when holding your cursor over the bottom right corner of D15 while both D14 and D15 are selected) from D15 from D27. Continue by selecting cell D14 and enter the formula “=F14/2” then select cell D15 and enter “=F15/2”. Select cell F14 and enter “9200” (Note: For this example we have chosen to use the estimates provided on the University of Tennessee-Knoxville website.) Next, fill in cells F15-F27 in the same manner. Use the AutoFill feature mentioned earlier to fill in cells F7-F10. Select cell B6 and enter “=F6/8” then select cells F5 and F6. To begin, select cell B5 and enter “=F5/8” (Note: For this budget we have assumed that a semester is four months long, thus a two-semester school year would consist of 8 months). The process for filling in the Monthly Budget Income Categories is essentially the same as it was for the Semester Budget Income Categories. This will automatically fill cells D7-D10 with the correct formula, hence saving time. Click on the bottom right corner where the cursor has become a black plus sign (this appears when holding your cursor over the bottom right corner of D6 while both D5 and D6 are selected) and drag it down through cell D10. Select cells F5 and F6 and hold the cursor over the bottom left corner of cell F6 until the cursor becomes a black plus sign, as shown in the figure below. After this, select cell D6 and enter “=F6/2” and hit the enter key. Next, select cell D5 and enter “=F5/2” this will give us the appropriate amount for the semester since, in this case, a school year consists of two semesters. You will obviously choose numbers that reflect your personal income categories.) For this example we will enter the following numbers into the corresponding cells: o “4800” in F5 o “6000” in F6 o “8000” in F7 o “8000” in F8 o “2000” in F9 o “360” in F10 II. (Note: the numbers used in this budget are based on amounts determined to be average by the University of Tennessee-Knoxville. Begin by selecting cell F5 and enter the amount of income received from jobs.

Excel tricks for personal budget spreadsheets