#Monthly family cashflow spreadsheet plus#

Press the (+) sign to get additional rows so that you can write the sub-expenses of each and then get the Total Expenses at the end.įinally, in the Dashboard section, the monthly budget worksheet will show your status. In the Expense table, there are lots of expenditure categories that you can modify according to your own special needs. Once you do that the monthly budget template will automatically Total Income for you. You will type in the date you take the money income, description of the item, and the actual value. The template is consists of 3 main sections:īefore starting Dashboard, enter your expenses and income items for a month. You can use this Monthly Budget Excel Template for personal financial planning. And to do so, having a pre-made Excel budget worksheet is a good idea. Because making a budget plan will help you to have a strong financial situation. You should know where your money is going each month. 'And I got to talking to you, I realized that it definitely changed my life, so I don't know why that wouldn't extend to other people.All of us need to make a budget every month unless your father is Warren Buffet or so.

'I don't think I ever really thought that something as stupid as an Excel spreadsheet could change anyone's life,' Celes said. People have reached out to say it helped them get out of credit-card debt, save for a house, and cultivate a healthier mindset around money. Others who found the spreadsheet through Reddit have also made financial strides. Her credit score has also improved and her spending anxiety has lessened, she said. And honestly, that to me is the most meaningful thing.' 'That kind of security and that feeling of safety is something that I had never had up until this point. 'We recently had some emergencies come up and I was able to comfortably afford everything without fearing that suddenly I would be left with nothing,' Celes said. Over the last four years, she built a $10,000 savings cushion. 'I realized that I wanted the savings to be kind of like an expense, so I added it in a weird way so it would almost hide my savings from me. The spreadsheet includes a separate tab for factoring in big-ticket items. At the very top of the spreadsheet: how much you have left to spend for the day, week, or month.

#Monthly family cashflow spreadsheet plus#

There are separate calculators for big-ticket purchases and regular savings, plus a goal tracker to log savings progress and setbacks. Savings takes center stage in the current budget template, which Celes shared on the r/personalfinance Reddit channel, a community with 14.6 million members, in May. 'I kind of realized that I needed to be more responsible with how I was working on the spreadsheet and adding things to it and making sure to kind of keep that initial goal of keeping it simple, but also taking the time to help teach people responsible financial practices.' A better budget led to more savings and less anxiety 'One of the things that I really wanted to focus on when I was making it was it for someone who didn't know anything about money,' she said. There wasn't a section in the budget for credit-card payments or savings for big purchases, but as Celes expanded her financial knowledge, she enhanced the spreadsheet, too. She shared the first iteration of her spreadsheet on Reddit three years ago. There's a daily 'spendable' amount at the top of the budget that's customizable. The post has over 10,000 upvotes - a sign of approval from fellow Reddit users.

Celes recently shared the latest iteration of her budget template on Reddit, which has an active and growing personal-finance community. She grew up experiencing food insecurity and felt a need to always have food in the house, she said, but didn't have a sense of urgency to pay medical bills, for example.Įventually she sat down with her partner, someone 'who was taught the value of money,' and created her first budget. Bills often piled up.īy the time she graduated college and started earning her own paycheck, Celes didn't know which expenses to prioritize. When cash came in, her family decided on the fly what to buy and what to forgo, the 29-year-old scientist - who uses a pen name online - told Insider. Money was fraught with uncertainty during Celes' childhood. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our