The first is a given: It saves you time by doing the math for you. I personally dig the large spreadsheet for two reasons. The PDF is great if you want to print your budget template and stick it in a conspicuous place - like on your fridge. It’s available in three formats: a printable PDF, an interactive spreadsheet, and a larger version of the spreadsheet. If you're trying to maintain a realistic budget, the Consumer Financial Protection Bureau (CFPB) recommends creating a budget spreadsheet or worksheet to track your income and expenses.The Cash Flow Formula from Money Peach helps you plan a zero-sum budget and track how your spending stacks up against your projections. That way, you can budget your money appropriately for your needs. Spreadsheets help you to see how much income you have, as well as how your money is spent. Much like a business, a person benefits from using a spreadsheet for their finances because it places all the information they need in one easy-to-read place. All of these entities use spreadsheets for creating budgets, tracking spending, and creating reports for their financial matters. Since then, the technology has been adopted by businesses, banks, and governments. Learn about all of your options, here.ĭan Bricklin and Bob Frankston created the first financial spreadsheet program in 1979. Managing your personal finances can seem like a daunting task, but it doesn't have to be: There are many budgeting and personal finance spreadsheets readily available online.
Budgets help you plan for your monthly expenses, activities, needs, and even your financial future.
One of the best methods for managing personal finances is to create a budget.Ĭreating a budget can help you keep your finances organized and also control the amount of debt you might require to live the way you want. Basic living expenses need to be maintained for a reasonable quality of life, which can be attained by most people if they manage their finances correctly.
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