How to create a budget in excel

Even with several budgeting apps and software programs on the market, finding a program that fits our needs can be challenging. Some programs are free, others are not. If you’re trying to save money and use your time wisely, the last thing you want is to waste time with a complicated program that isn’t a good fit.

Making a budget spreadsheet in Excel can seem like a daunting task, especially if you don’t use the program regularly. Thing is, you don’t need to be an accountant to set up an Excel budget template. This step-by-step guide will teach you how to make a budget in Excel.

The easiest and fastest way to create an Excel budget template is by using the library of premade templates included in Excel. 

Making a budget with Excel.

When you open up Excel,  go to File -New, then search for the term “budget.” Several budget templates will show up, such as personal budget, family budget, personal monthly budget and others. Choose the one that fits your needs.

Customizing a Premade Template

If you’d like to add to the existing template, simply select where you want to add a box and right click. Scroll down to “Insert” and choose to add either “Table Columns to the Left” or “Table Rows Above.” This should automatically sync the new information with the existing tabs. If it doesn’t, select the small down arrow next to the “Projected” column, and you will be able to include your new column to the calculations.

You can also delete sections you don’t need. For example, if you don’t need the loans row in your Monthly Expenses tab, simply right click the tab, select “Delete” and “Table Rows.”

That’s really all you need to know.

Download a Premade Template

You can also download our already made template. Click here

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