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Personal Budget Planning Worksheet

Personal budget planning is a process of creating clear and specific plan for managing finances. It is one way to put family on track because it brings each and every family member under one roof to work out the spending pattern and wisely allocate certain resources spent at one time.

This personal budget planning worksheet should make it easy to plan what you want to buy, how much money you are willing to spend and where you will get that extra money from. This personal budget planning worksheet can be downloaded above. This worksheet will help you create a budget and stick to it. In 5 simple steps you’ll have a personalized budget plan in front of you that is realistic, practical, easy to maintain, and will put you on the path to greater financial security and peace of mind. Anyone can use this – from households trying to make ends meet to uber-rich people who want to give a hand to charity without losing their shirt.

Budgeting is one of the best ways to prepare yourself for financial challenges. You’ll be able to reduce expenses, live within your means and you should be able to achieve financial stability over time. If this sounds great but a bit confusing, keep reading because I’m going to give you a quick run-down on useful budgeting information that will get you well on your way. The following tips will help answer your questions like What is meant by personal budget planning? Does it have special meanings or applications?, What are the basic steps of personal budget planning or the software for personal budget? And much more.

Whether you are a new business owner, are looking to tune-up your current financial practices, or just want to make smarter decisions regarding money matters, creating a personal budget is a must. Creating a personal budget will ensure you know where your money is going each month. It will provide guidance in making necessary adjustments to your financial planning and prepare you for the future.

What is a budget planner?

A successful budget planner helps you decide how to best spend your money while avoiding or reducing debt. NerdWallet recommends the 50/30/20 budget, which suggests that 50% of your income goes toward needs, 30% toward wants and 20% toward savings and debt repayment.


  • Income

Income is the money you receive from your employer and other sources, like investment dividends and interest. In this category, we’re talking about earned income—your salary—and unearned income. Other income can include things like tax refunds or gifts from family members. Net income is what remains after subtracting necessary expenses (like taxes) from gross income, which is the amount received before any deductions are made for taxes or other expenses. Gross annual income refers to your total pay for a year before any deductions are taken out; gross monthly and weekly incomes refer to your total pay for those amounts of time with no deductions taken out yet either. Since many calculators have trouble calculating net annual incomes when there are more than 52 weeks in a year (or vice versa), we’ve provided an alternative here: take the amount listed as your net annual salary, then multiply by 12!


The first step to budgeting is figuring out how much you can save. This is an important question because the amount you can save directly affects the amount of money available for other expenses. Accumulating savings is essential for future planning, whether it’s buying a house, paying for college tuition or saving for retirement. Save at least 10% of your income each month, but ideally more than that if possible.

If this seems like a lot—and it will be if you’re not used to doing it—take small steps toward reaching your goal by starting with an emergency fund first; then try to build up a separate savings account as well as an investment portfolio over time. To do this effectively, create an automatic transfer from checking into savings each month so that there’s no temptation for yourself or others (like kids) who might want access to those funds once they’re in place. You may also want to consider keeping some liquid cash on hand just in case something unexpected comes up while building up these sources of long-term security; making sure they aren’t all tied up in investments will ensure that happens faster!

Remember: saving isn’t just important because it helps us reach our goals today; it also serves as protection against financial disaster tomorrow! Keeping savings safe should be one of the top priorities when planning ahead financially; make sure whatever method(s) work best fit within those guidelines before moving forward with any other goals related specifically towards accumulating wealth over time.”


Needs are the most important items on your budget. These are the things that you need to pay for every month and have no choice but to do so. They include food, bills, car payments and rent.


  • Want
  • Amount you have saved for wants: $500
  • Amount you can afford to spend on wants: $100
  • Amount you can afford to save for wants: $400


Splurges are not a bad thing, but they should be planned for and accounted for in your budget. If you have splurge money coming in, then that is when you can spend it. For example, if you get a tax refund each year, use that money to buy something special.

Splurges can be large or small; they don’t have to be an impulse purchase of $20 at Starbucks every day. Instead, they could be something big like a vacation or something small like new shoes (that still add up because there are 52 weeks in a year).


  • Debt should be paid off first with any extra income.
  • If you have debt, it’s important to pay it off before anything else. Paying off debt first will help you build wealth and take control of your finances because your money can go toward building assets instead of paying interest on loans.
  • Here are some examples:
  • You have $300 in savings and $10,000 in student loan debt at 5% interest, so every month you send $1250 to the bank (including principal and interest). This takes 10 years to pay off the loan and cost $15,000 total in interest charges. If instead you put the full $1250 toward paying down your debt, it only takes 6 years and costs less than half as much in interest charges!


You may be wondering what you can invest in. That’s a good question, and there are many options available! You can:

  • Invest in mutual funds.
  • Invest in stocks.
  • Invest in bonds.
  • Invest in real estate.
  • Invest cryptocurrency (like Bitcoin).
  • Invest in your own business!

Make sure you do some research before making any investments though, because the stock market has historically been very risky and volatile—and often unpredictable—and investing money without knowing what you’re doing could result in losing all of it if things go south!

Irregular Expenses (Gifts, Holidays, Vacations)

The last section of your budget is for irregular expenses. These are the things you might have to pay once a year or less frequently, like gifts and holiday expenses. They’re also the hard-to-plan-for expenses that can wreak havoc on your budget if you don’t plan for them in advance, like vacations and medical bills.

It’s important to keep track of these costs so that when they come due, you don’t find yourself scrambling because it’s not in your budget—and worse yet, having to choose between paying a bill or buying something necessary for survival (like food). If this happens too often and results in missing payments or overdraft fees, it could damage other areas of your finances!

This worksheet will help you plan out the best ways to spend your money.

The worksheet will help you plan out the best ways to spend your money. First, it will help you figure out how much money you make, then how much money you save each month. Then it will show you where that money needs to go: bills, things that make life easier (like groceries), the occasional splurge (like new clothes or a night out at the movies), and paying off debt.

personal budget template

Personal budgeting can be a challenging task, but it’s not impossible. You can use a personal budget spreadsheet to track your income and expenses. Personal budget software can help you create and manage your budget, so you don’t have to do all of the work yourself!

Personal budgets are used by individuals to keep track of their income and expenses. They may also include calculations that help determine whether or not they’re spending within their means.

If you’re looking for a free template for creating a basic personal budget in Excel, check out [this site](

personal budget template excel

If you want to get started with your personal budget, here’s the first thing you should do:

Download this template and create a spreadsheet.

Add in your income and expenses.

Calculate totals and save!

how to make a budget spreadsheet in excel

This is a simple budget template for you to use in order to make your own personal finances more manageable. It’s not the most advanced or robust program out there, but it does offer some helpful features that could help you get started with managing your money better.

If you want to use the spreadsheet on this page, all you need to do is download it and open it up using Microsoft Excel (which comes free with many computers). You can then begin adding in all of your sources of income, expenses and debt payments. Once this information has been entered into the spreadsheet there are several built-in formulas that automatically calculate totals based on what cells are filled in. For example: if I enter $200 as my monthly rent payment then all I have to do is click on cell A5 which says “Total Income” and an automatic calculation will tell me how much money I have left over each month after paying my rent – which would be $1,800 ($2k – $200).

budget worksheet excel

  • If you need help setting up a budget, check out these links:
  • crowdsourcing platform[1]
  • free spreadsheet[2,3]
  • Here is an example of a completed budget worksheet.

household budget template google sheets

  • Download and open the template in Google Sheets.
  • Replace the logo, text, images and fields with your own.
  • Add any formulas or formatting that you want to use.

You can also do things like add buttons to make it easier for people to navigate your budget!

personal budget spreadsheet for mac

If you’re looking for a personal budget template that you can easily edit to suit your needs, Excel is the way to go. You’ll also need to make sure that the spreadsheet is set up so that it can be imported into Google Sheets or Excel on an iPhone or Android device.

But what if we told you there was another way? A way where you could create a personal budget spreadsheet in literally seconds? Create your own personal budget template with our free tool!

printable monthly budget planner worksheet uk

  • Printable Monthly Budget Planner Worksheet UK
  • Free Printable Budget Planner Template
  • Monthly Budget Planning Sheets – Google Search on Pinterest
  • Free Download Printable Monthly Budget Planner Template
  • Monthly Personal Budget Templates – Download and Make Your Own!

Print out your own planner and start managing your money today!

simple budget template google sheets

If you’re looking for Excel templates to create a simple budget spreadsheet, there are some great resources available. There are also plenty of Google Sheets templates that will help you get started on building your own personal budget template.

In this article, I’ll show you how to create an Excel spreadsheet for your monthly personal budget and show you some examples of Excel and Google Sheets templates that can work as a great starting point for creating your own simple budget sheet.

The first thing we need to do is look at what information should go into the spreadsheet. This will let us know what columns we need on our worksheet and how they should be formatted so that everything works together nicely without being too complicated or confusing.

simple monthly budget template google sheets

In this section, you’ll learn about the following:

  • Creating a basic personal budget in Excel
  • How to create a spreadsheet (tab) in Google Sheets
  • Adding a title (label) for your budget and adding income data
  • Adding expense data, including a formula to calculate net income.

Going to show you how to create a basic personal budget in Excel

Here are the steps:

  • Create a spreadsheet (we’ll use Excel for this example, but you can use any spreadsheet program that you’re comfortable with).
  • List all of your expenses for each month and year, which will help you determine how much money you spend on average each month. If possible, try to include all recurring monthly expenses as well as one-time expenses (such as car repairs or moving costs) in this list.
  • List your income from each source of income (wages/salary, investments, etc.) and estimate how much money will come in throughout the year based on previous years’ income tax returns or statements from banks or investment accounts; include any expected increases if applicable.
  • Now take your difference between expenses and earnings (in other words: Earnings – Expenses) per month; this number is called “the surplus” or “the excess.” This figure will help determine whether or not it makes sense financially for you to invest more money into savings accounts with banks that offer higher interest rates than those offered by traditional savings accounts such as online banking services provided by Wells Fargo bank


Budget planning worksheet is the best way to make a plan for your future expenses. Using this worksheet you will never go out of your budget and spend too much money on unnecessary things. You can use this template for personal or professional budgets.

There are many reasons to use personal budget software. Some people type in their transactions manually and others let the software identify their transactions. You can even get pre-filled forms that you can fill in and then save them for reuse next month.

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