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Top 7 free Excel templates to help manage your monthly budget

Budgeting is one of the biggest keys to money management, especially for those living from paycheck to paycheck tracking your different income sources and where you spend it and how much you save becomes essential. This sure seems like a Herculean task, but with the help of some of the ready-to-use budget templates available on one of the most popular sheets software worldwide, you can simplify managing your budget as well as other tasks involved.

Creating a budget and knowing considering future possibilities is not only true for individuals but also for small and medium businesses. In this article, we’ve compiled a list of the seven best Excel templates that are available for free on the software and can be used by everyone. Before you go ahead checking out the list, here is a guide to help you access the Excel templates listed below, among scores of others.

How to access Excel templates?

Open MS-Excel and follow the steps mentioned below to find the templates listed below.

  • Click on New option on the left-hand sidebar.
  • Click on Budget under the search bar (refer to the screenshot above).
  • Search for any of the Excel templates mentioned below; simply copy the name from here and paste it in the search box (refer to the screenshot below).
  • Click on the template you selected, then click on Create and it will get downloaded automatically. You can start drawing your monthly budget using the free Excel template.

Top 7 free Excel templates to help manage your monthly budgetAlso read: How to display and hide formulas in Excel?

Personal Monthly Budget Worksheet

Your financial health is considered a top priority by this template. It helps to track your monthly budget by income and expenditure, which includes loans, transport costs and much more. You can also compare the projected cost with the actual cost, which will eventually help to sharpen your budgeting skills.

Also read: How to find circular reference in Excel?

Monthly Company Budget

Your company can rely on this easy-to-use template that tracks your company’s expense and income. This template helps you to compare the estimated cost versus the actual expense and also provides you with a separate summary of your top five expenses.

Household Monthly Budget

All your monthly expenses and incomes of your household can be tracked through this template. It allows you to compare the projected expense with actual expenses. The handy filtering buttons help you focus on specific types of expenses. Each of the expenses has its category. In the budget summary, you can see all the categories together, or you can select few to view. This can be done by holding the Ctrl button on your keyboard.

Also read: How to shade alternate rows or columns in Excel?

Monthly College expense Budget

This convenient monthly college budget has sections for Monthly income, monthly expenses, and semester expenses. Your monthly income, expenses, and semester expense are shown in graph format.

Simple Monthly Budget

As the name suggests, this easily accessible and simple monthly budget will help you compare all your income and expenses of the month, and this template will help you visualise how they stack up.

Also read: How to add and remove hyperlinks in Excel?

Monthly Food Budget

This fantastic food budget monthly template will help you map and understand your spendings against the budget. You can easily see your food expenses and can also compare them. All your expenditures can be categorised and appropriately kept according to the date. Calculations are also done swiftly.

Easy Monthly Budget

You can make your short and long term plans using this template. This template provides a summary of your overall finance. You can keep track of what you earn, what you spend, and where you spend.

Also read: How to record a macro in Excel?

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