32.6 C
New York
Monday, July 15, 2024

Free Month-to-month Finances Template (For Excel and Google Sheets)

Free Month-to-month Finances Template (For Excel and Google Sheets)

A person reached out to me just a few years in the past—on the lookout for assist together with his funds. I shot him an electronic mail again, asking for all the same old stuff:

  • Bank card and financial institution statements
  • Month-to-month earnings
  • And the $150 charge I charged (which I felt responsible about till I bought his electronic mail again)

He despatched all the data, and my eyes couldn’t get previous his month-to-month earnings. This dude was making—get this—$600,000 a yr!

And he was struggling to pay the payments?  Certain, he lived in a high-cost-of-living space. However past that, he simply wasn’t paying consideration.

He fell into the lure that all of us do. We make cash, we spend it, and we put that course of on repeat the subsequent month. Most of us don’t cease to make a plan for our cash. 

Nicely, that is your likelihood.  Cease.  Take a second, make a funds, and create wealth. You gained’t remorse it.

Comparable articles on budgeting:

Month-to-month Finances Template—What We’re Providing In This Put up

Most individuals save nothing (like my consumer in want). They spend every part they’ve each month and put no cash away for the longer term. Others save as a lot as they will, amass hundreds of thousands of {dollars}, after which die.  Which of those folks have to get on a funds? Each.

Whereas we’re alive, we shouldn’t solely spend—and we shouldn’t solely save. We must always do each each month. We must always take pleasure in our cash now, and we must always earmark some for the longer term to take pleasure in then, too. So how do you do that? Enter the month-to-month funds template—

Month-to-month Finances Template For Excel and Google Sheets

A month-to-month funds template is mainly a funds tracker. It’s meant to plan your earnings and bills, after which present what really occurred. 

With this DIY funds planner of kinds, you may see in the event you’re on observe together with your spending objectives every month. And also you don’t have to contain anybody else within the course of in the event you don’t need to. Right here’s a sneak peek at our month-to-month funds template—obtainable in Excel and Google Sheets.  



Katlin lately bought this funds sheet and rated it 5 stars out of 5:

“Superior! So excited! Thanks!”

Can’t wait to test it out and use it for your self?  Make a small funding and obtain the complete model from Etsy.

(To make use of the file in Google Sheets, obtain the Excel funds planner from Etsy and put it aside to your pc. Then hop into Google Sheets and add the file.) 

This month-to-month funds sheet contains:

  • An estimate of what your funds ought to appear like.
  • An area so that you can enter your funds by class.
  • A column so that you can enter your precise month-to-month spend.
  • And, in fact, there are funds charts so you may rapidly analyze the way you’re doing.

There may be additionally a calendar view if you wish to funds and observe your spending every day:  



Free Month-to-month Finances Template

Not seeking to spend cash proper now? We additionally supply a free month-to-month bills template. 

It’s a printable month-to-month funds template, so you may simply write in your funds and observe your precise spending

It’s extra tedious to fill out and calculate vs. the full month-to-month funds tracker model because you’ll be utilizing pen and paper. And also you gained’t get all of the nifty charts and graphs of your progress. But when that is your type for funds monitoring, go for it!

Right here’s a sneak peek of the printable month-to-month funds sheet:  


Right here’s the free funds spreadsheet obtain in the event you’d like to start out right here.

Why Use Our Month-to-month Finances Sheet

We provide a month-to-month family funds template. Why must you use it? How will it really assist you? Learn on, my buddy.

It will get your thoughts pondering long-term

With out a funds, you’re sitting shotgun, leaving it as much as everybody else to direct your monetary life. Begin budgeting, and you’re within the driver’s seat. You’re desirous about your funds, which suggests you’re able to plan your future. 

If you happen to’re already strapping in your driving gloves, you might also need to try our free funding calculator and our free retirement calculator.

See what a month-to-month funds ought to appear like

This private month-to-month funds template has a cool function that nobody else has. Once you enter your month-to-month earnings on the high of the sheet, you’ll instantly see an “excellent funds” populate on the left aspect of the template.

It exhibits you:

  • How a lot your own home fee ought to be.
  • How a lot it is best to save and provides.
  • What it is best to spend in your automobile every month.
  • How a lot it is best to spend on meals.
  • And extra—

With these auto-populated fields, you may instantly see hassle spots in your spending. And this “excellent funds” also needs to assist you create your month-to-month funds. 

React to your funds

A number of years again, I paid off $21,000 of debt in simply six months . There have been two predominant causes I achieved such a feat:

  1. Writing out my funds.
  2. Utilizing the debt snowball technique.

Right here’s the play-by-play of what occurred after I wrote out my funds:

  • I checked out my financial institution and bank card statements to see what I used to be spending every month.
  • I put all these bills right into a easy month-to-month funds template.
  • Inside seconds, I discovered bills that had been simply an excessive amount of for what they had been. It made no sense.
  • I instantly known as my cellular phone supplier, insurance coverage agent, and cable firm. I informed them I used to be my funds, and the charges they had been charging me had been too excessive. I wanted them lowered, or I used to be going to look elsewhere.
  • Most lowered their charges. In the event that they didn’t, I discovered cheaper charges with different suppliers.

Ultimately, I lower my funds to only $460 a month (excluding property taxes and insurance coverage, which I paid annually). Making a funds flips the script. It makes you the grasp of your cash as an alternative of a slave to it.  It’s your alternative.

You’ll lastly see what you really do with cash

You’ve bought a bow and arrow. You shoot it aimlessly into the woods.  “Dang, that was a pleasant shot,” you say as you pat your self on the again. However how have you learnt? You had been aiming at nothing. That is the way it works while you spend cash. 

If you happen to by no means write down what your cash ought to be doing for you, how do you ever know in the event you’re doing an excellent job with it?

With our month-to-month funds template for budgeting, you’ll lastly have one thing to check to. Scary, sure.

Once you first intention at that bullseye, you’ll probably make a discovery—you’re pretty much as good a marksman as Elmer Fudd.

However, in the event you by no means attempt to sight in that concentrate on, you gained’t ever grow to be a world-class archer. 

In the identical approach, in the event you by no means begin budgeting, you’ll proceed to spend terribly and go away your future in danger.

What Will Occur When You Make a Finances

For many, budgeting is a little bit of an earth-shattering, eye-opening expertise. 

  • You’ll set your funds, and also you’ll be feeling good. You’re going to spend precisely what you wrote down that month.
  • On day two, your furnace goes out. You might want to get it fastened—the fee is $400. You already blew your funds.
  • Oh, and in your month-to-month funds template, you forgot about your cable invoice and water invoice, and also you waaay underestimated your grocery invoice (since when did meals get so costly?).

This will occur to you, however don’t fear. It occurs to everybody. 

You’ll study, you’ll get higher, and also you’ll actually begin to personal your cash after the primary few months. To not point out, you’ll start to save lots of extra since you’ll lower out all of the ridiculous spending you by no means even considered earlier than this budgeting train.  



Month-to-month Finances Examples

Once I budgeted to repay that $21,000, I knew I wished that debt gone in 6 months. I had no clue how I’d do this, however I made it occur due to the funds train.

You may make huge issues occur, too. I do know it.  To familiarize you with this residence funds template, let’s stroll by means of some examples of month-to-month budgets.

Month-to-month funds instance #1: the only man

First up, the only man with some fairly easy earnings and bills:

  • Revenue = $3,000 a month.
  • Rents a room for $700 a month.
  • Has a automobile with a $200 fee.
  • He spends roughly $150 a month on groceries and goes out to eat every now and then.
  • He has some debt:
    • $200/mo for scholar loans
    • $100/mo for bank cards
  • He has different fairly normal bills (medical, cellular phone, gasoline, and so on.) and offers a couple of dollars to charity right here and there.

Right here’s what this month-to-month funds instance seems like:  



He has no youngsters or pets, so we’ve got zeroed out these sections.  Check out the best funds vs. the month-to-month funds for this single man.

The place is he falling brief? The place is he spending an excessive amount of cash?

First, he’s not saving any cash and he’s not giving both (which I consider is essential for a human—to do much less for ourselves often and as an alternative do good for others in want).

Second, it seems like he’s overspending within the following classes:

  • Auto—he’s bought a automobile fee that’s weighing him down.
  • Debt funds—he’s bought scholar loans and bank card debt.
  • Private—he’s spending extra on himself than he can afford given his earnings.

Month-to-month funds instance with actuals: the only man

Let’s say Steve (sure, I’m lastly naming this man) will get by means of one month of monitoring his bills. What does that appear like? And the way did he do?  


By viewing the funds chart, it’s fairly clear Steve overspent in “Auto”, and he blew it in “Meals” and “Private” as properly.

By wanting on the desk, you’ll see that he overspent particularly in:

  • Fuel
  • Groceries
  • Eating places
  • Garments
  • Leisure

Steve made $3,000 and spent $3,465 that month. Not good. His bank card stability goes up, so his minimal fee is probably going going up—making it even more durable for him to stay to his $3,000 funds subsequent month.

Month-to-month funds instance #2: married couple with two youngsters

What in the event you’re married with youngsters? What may your loved ones funds template appear like?

Listed here are the stats of our instance couple, Samantha and David:

  • Each work and earn a mixed month-to-month earnings of $8,000.
  • They’ve two younger youngsters—one at school, the opposite in daycare.
  • Their residence mortgage is comparatively modest at $1,400/month.
  • They’ve two automobile funds and a scholar mortgage.
  • They haven’t any pets.

See under for his or her excellent funds and their proposed funds:  


Proper off the bat, you may see that they’re not saving or giving almost sufficient.

So what are they over-budgeted on?

  • Auto—they’ve two automobile funds that whole $800. That is killing their month-to-month funds.
  • Meals—they spend extra on groceries and eating places than they need to.
  • Debt funds—they’ve bank card debt and scholar mortgage debt that’s consuming into their funds.
  • Youngsters—their daycare prices are $1,000 a month.

Month-to-month funds instance with actuals: married couple with two youngsters

So how did Samantha and David fare with their first month of budgeting?


Sadly, winter confirmed up, and David misplaced management of his automobile on the ice. He hit his entrance bumper on the guardrail, which wanted instant restore. This value Samantha and David $500, which wasn’t within the funds. 

To counter this sudden expense, they pulled again on:

  • House restore (nothing occurred to the home throughout this time, fortunately)
  • Consuming out
  • Leisure

You possibly can see this clearly within the circle funds charts above. Precise spending on “Auto” was 26.3% of their funds vs. the 20% they’d budgeted for. Then you may see their pull-back in “House”, “Meals”, “Private”, and “Financial savings”.

Fairly cool.

Samantha and David didn’t match their funds completely, however they did an ideal job battling again from an unexpected expense! And so they had been nonetheless capable of put some cash into long-term financial savings. It wasn’t completely to funds, however they made it work!  



Tips on how to Create Your Private Finances Template

If you happen to’re questioning make a month-to-month funds template by yourself, you may—however it’s going to take a while, and it most likely gained’t come out as fairly or as practical as our instrument (I’m allowed to brag a bit, proper?). 

And, our month-to-month funds excel template is lower than $5. Nicely well worth the buy. (Plus, you haven’t even seen every part it will probably do but!)

So as an alternative of constructing a funds template, let’s use this part to clarify use your funds template.

Tips on how to fill out the principle funds template

You’ve most likely gathered do the primary steps by now with our earlier month-to-month funds examples, so we’ll stroll by means of this rapidly.  


First, sort in your whole earnings after tax for the present month. The perfect funds will populate instantly after you hit “enter”.

Second, fill in your proposed funds for the month. In case you have expense gadgets that aren’t listed, embody them within the acceptable class and within the “Different” row. 

Your whole funds ought to equal your whole earnings. In case you have additional {dollars} to spend, put them in your long-term financial savings line. In case you have too many {dollars} budgeted, you’ll have to seek out one thing to chop out (in any other case, you’ll regularly be going backward financially).

Lastly, observe your month-to-month spending within the “Precise Spend” column.

Tips on how to fill out the funds calendar and precise spend calendar

Click on the “Finances Calendar View” tab to get extra granular together with your funds. Under is an instance of a $5,000 funds. It seems daunting at first, however it’s fairly easy. 

First, enter your starting checking account stability within the higher right-hand cell (the quantity you have got when the month begins). Then begin filling in your bills as you anticipate them to hit.

As an illustration:

  • The mortgage may all the time hit on the first, so enter it within the first line and beneath the class “House”.
  • Then, on the 2nd, you may need your son’s daycare invoice due, so plug that into January 2nd beneath “Youngsters”.


Begin with all of the gadgets that frequently hit on the identical date every month—the bank card invoice, automobile fee, scholar mortgage invoice, medical insurance coverage, life insurance coverage, subscriptions, and so forth.

Then fill within the different bills together with your finest estimates. Your precise spend calendar tab will work exactly the identical approach, besides you’ll enter every each day spend because it hits. You gained’t have to guess.

The 50/30/20 budgeting rule

You could have heard of this rule whereas looking for a budgeting worksheet. Our template is definitely constructed on this premise. 

The rule states that:

  • 50% of your after-tax earnings ought to be spent on wants and obligations (dwelling, utilities, transportation, and clothes).
  • 30% ought to be spent on the rest you may want (leisure, consuming out, personal training vs. free public education, and so on.).
  • And that leaves 20% for saving, giving, and debt reimbursement.

Use this as a information while you put your funds collectively.

What Ought to The Month-to-month Finances Template Do For You Lengthy-Time period?

Whew! If that appeared like quite a bit, keep in mind what Archimedes as soon as stated: “Give me a spreadsheet lengthy sufficient and a pc on which to put it, and I shall transfer the money circulate.”

With the precise instruments, something is feasible. And belief me, these are among the finest month-to-month funds instruments on the market. 

So how does a month-to-month funds spreadsheet assist you?

We already acknowledged just a few budgeting advantages early on this publish:

  • Budgets get you desirous about the long-term (i.e., investing for retirement).
  • You’ll see what a funds ought to appear like.
  • Once you put your numbers into the cells, you instantly begin reacting to them (and work towards lowering the bills).
  • You’ll lastly see what you’re doing together with your cash while you report what you are really spending.

Are there different long-term advantages of budgeting?

You could be stunned, however there are extra. 

You’ll study money circulate evaluation

Once you fill out the calendar view of your funds and precise spend, you’re really performing a money circulate evaluation. Sounds fancy, however it’s fairly easy. 

By recording your each day spending and monitoring how a lot is in your account, you’re making certain you’ll all the time have money within the financial institution on any given day.

You’ll have a relentless level of reference

By filling out the principle funds and the each day calendar funds view, you’ll all the time know in the event you’re on observe together with your budgeting objectives and if you must redirect your course (like in case your automobile prices you $500 early within the month).

Get you and your accomplice on the identical web page

Speaking about cash will get you nowhere. Seeing a plan for cash is sensible. 

If you happen to and your accomplice can sit down and put a funds collectively, your relationship will get 10x higher virtually instantly.  There’s nothing higher than being on the identical web page as your partner.

Tricks to Win With This Finances Tracker

If you wish to win with budgeting, right here’s what I counsel you do:

  1. Obtain the month-to-month funds spreadsheet.
  2. Enter your earnings, your proposed funds, and your precise spend—each on the principle web page and within the each day calendar.
  3. Monitor your bills vs. your funds on the finish of every day for 3 months.
  4. When you get the hold of budgeting, start to ask your self the place you need to be financially and why. 
  5. Rework your funds month-to-month. Inch your self towards the place you need to be.

If you wish to retire rich, you’ll probably have to put at the least 15% of your earnings into long-term investments. To try this, you’ll most likely have to do away with some money owed to unencumber the money to take a position. Do what you may to make this transformation sooner quite than later.

Need assistance getting out of debt? Try our debt snowball spreadsheet publish. Or, in the event you’re on the lookout for a template, go to our Etsy web page for the debt snowball spreadsheet.

Different Month-to-month Finances Templates and Apps You May Like

If you happen to’re not in love with our month-to-month funds worksheet, there have to be one thing improper with you.  Joking, solely joking.  Critically although, in the event you’re on the lookout for options, there are two nice ones that I can consider off the highest of my head.


Tiller is a funds template that’s constructed into Excel. It’d initially sound odd, however they took it one large step additional.

They set it up so you may hyperlink your Excel sheet on to your financial institution accounts. Sure, you will get your detailed transactions straight into Excel (or Google Sheets) after which construct your funds from there. It’s fairly unimaginable.

The look isn’t tremendous fairly, and it takes just a few steps to get the financial institution linking to work, however when you get all of it arrange, this funds instrument is fairly slick.  Attempt it free of charge for the primary 30 days. If you happen to nonetheless love the instrument, there’s an annual charge of $79.


I began utilizing Mint over ten years in the past. This free service/app permits you to enter your funds, hyperlink to your financial institution and funding accounts, and get each day updates about your transactions. It even mechanically categorizes your spending. 

Mint has grow to be fairly commercialized through the years (there are a number of adverts and affiliate presents thrown at you), however it’s nonetheless a robust instrument that I like to recommend.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles