Free Personal Budget Templates
So, what is Personal Budget? A personal budget, simply put, is a daily financial plan which allocates your weekly income towards regular expenses and then eventually helps you do debt repayments or savings. It’s like a puzzle; with it, you can easily figure out where to spend, and from there, how much to spend. Budgeting is like dieting; here are some things budgeting helps you with:
Benefits of a Personal Budget:
Keeps track of your Monthly/Weekly Income and Expenses:
You can use Personal Budget to keep track of your income and expenses and see where you can cut down to save more money. You can either make a monthly budget spreadsheet or simply have a list of expenses and their amounts. In the list, you can place the expenses for each category such as dinner out, shopping, or lunches with friends. Then, you can calculate how much you need to set aside each week for savings, investments, etc. Another alternative would be to make a budget spreadsheet where you just type in the amount of income you receive, set your investment target percentage and the Personal Budget template will do the rest. This way you can easily see where you are spending too much, thus enabling you to cut down on those areas. Nowadays it is very easy to create a personal budget with the help of a pre-designed template. I have seen a great collection of free high-quality personal budget templates available on Offcie.com.
A personal budget can be updated easily using a personal template. You don’t need to create a new spreadsheet for every month, it’s simple as adding a few lines here and there. Personal budget templates are also available online for free. You can even download a few of them and customize them to suit your specific needs. Some personal templates come with an entire worksheet, which allows you to track and monitor your finances easily and effortlessly.
A personal budget spreadsheet has the highest flexibility among budgeting tools. This is because it can be customized to suit the requirements of the owner. The owner can change the inputs as per their preferences. There are a variety of types of templates to choose from: weekly, monthly, quarterly, six-month, annual, or even yearly budget spreadsheets. Each of these variants comes with its advantages and disadvantages, so it is advisable to study each of them well before going for them.
Allows you to Import and Export data:
A good personal budget template always provides an import and export facility. This means that you can easily import the financial data into the spreadsheet. If you are interested in customizing the spreadsheet further then you can even modify the financial terms to meet your requirements. However, the export option is not included in all variants of this template.
Helps you to Simplify your Expenses:
A home budget worksheet can help you simplify your daily finances. This worksheet categorizes your income and expenditures on a week-by-week basis. This template does not require any complicated customization. It is ideal for those who are looking for ways to streamline their finances.
Types of Personal Budget Templates:
Savings Forecast Template:
A budget predicting your savings and surplus budget is ideal for those who want to come up with precise figures. This type of personal budget template provides a projection of savings and surplus over the next four or twelve months. It forecasts your actual expenditure, and surplus depending upon your input. These are the most accurate budget predicting tools available. However, these are the most difficult to customize.
Debt Management Budget Template:
This budget predicts your financial goals by taking into account your total income and expenses along with your current debt load. It then calculates how much money you will have to spare to meet your long-term goals. This budget is ideal if you are unsure about your spending habits and about the direction you want your finances to take. With a well-defined budget and an appropriate financial goal, you are sure to reach there faster than if you had simply attempted to meet these goals on your own. This is very important to select the right type of template according to your need. I was searching for a template and have found some free editable personal budget templates. These all templates provide a professional look, and they also contain all the elements to help you out.
10 Free Personal Budget Templates:
Here we have listed an efficient personal budget template to help you out. In short, this template contains an excellent format and layout. Use this template to track all of your expenses. With the help of it, you can identify unnecessary expenses. This free efficient personal budget template is very good for a bachelor.
This is a smart personal monthly budget template in MS Excel Format. Meanwhile, this template contains formulas for calculating the sum and difference automatically. This free smart personal monthly budget template enables you to track your expenses on housing, entertainment, food, and transport.
Here we have a yearly personal budget template in MS Excel Format. By using this template one can create a yearly personal budget for his use. With the help of this free yearly personal budget template, one can track his expenses for a year. This template contains a graph to show the difference between the expected and actual spending. This template provides a very clear view of everything for a good understanding.
This is a bi-weekly personal budget template as you can see in the preview below. In short, this template enables you to create a budget for two consecutive weeks. With the help p of this template, you can create a budget for your personal home expenses. This free bi-weekly personal budget template contains formulas to calculate everything efficiently.
Another personal monthly budget template is listed below to help you out. Use this template to streamline your income to do some savings each month. This is a comprehensive template to record everything that you want to add to it. This template is available in MS Excel Format and you can expand this free comprehensive personal monthly budget template according to your wish.
This is a simple personal budget template. Meanwhile, you can use this template to efficiently use your income in a specific period. This free simple personal budget template contains a simple format land layout to help you out.
Below we have listed a smart yearly personal budget template. By using this template one can easily track all of his personal expenses for a year. This template record all the information in a sequence for a good understanding. Further, this free smart yearly personal budget template contains formulas for the calculations.
Here we have listed a long personal budget template. In short, you can use this template to divide your expenses into many categories. This free long personal budget template is good for the people who spend a lot. This template is available in SM Excel format for the ease of all the users.
This is a simple and small personal budget template. Meanwhile, this template contains a very simple format and layout that provides a very clear view of all of your expenses. This free simple and small personal budget template is completely editable and customizable.
Here is another personal monthly budget template. By using this template you can state your monthly savings, net income, and expenses in an organized manner. This free simple personal monthly budget template comes in MS Excel Format for the ease of all the users.