Personal Budget

Starting Balance

[42]

2,500

Total

Avg

Total Income
Total Expenses

92,500

92,500

7,708

42,747

42,747

3,562

NET (Income - Expenses)

49,753

49,753

4,146

Projected End Balance

Monthly

FEB

JAN

MAR

MAY

APR

JUN

AUG

JUL

SEP

NOV

OCT

Total Average

DEC

INCOME
Wages & Tips

Interest Income

Dividends

Gifts Received

Refunds/Reimbursements

Transfer From Savings

Other

Other

0
Total INCOME

HOME EXPENSES
Mortgage/Rent

11,500

11,500

958

Home/Rental Insurance

20,000

20,000

1,667

1,000

1,000

83

650

650

54

Electricity
Gas/Oil
Water/Sewer/Trash

Phone

600

600

50

Cable/Satellite

430

430

36

Internet

Furnishings/Appliances

Lawn/Garden

Maintenance/Supplies

Improvements

Other

34,180

2,848

Total HOME EXPENSES

TRANSPORTATION

34,180

FEB

JAN
Vehicle Payments

MAR

MAY

APR

JUN

AUG

JUL

SEP

4,967

NOV

OCT

Total Average

DEC

4,967

3,600

300

Bus/Taxi/Train Fare

Repairs

Registration/License

Auto Insurance
Fuel

3,600

Other
Total TRANSPORTATION

8,567

414

8,567

714

HEALTH
Health Insurance

3,000

250

Medicine/Drugs

Health Club Dues

3,000

250

Veterinarian/Pet Care

Other

6,000

500

Doctor/Dentist

3,000

Life Insurance

3,000

Total HEALTH

6,000

CHARITY/GIFTS
Gifts Given

Charitable Donations

Religious Donations

Other

Total CHARITY/GIFTS

DAILY LIVING
Groceries

3,000

3,000

250

Personal Supplies

Clothing

Cleaning

Education/Lessons

1,000

1,000

83

Dining/Eating Out

1,500

1,500

125

Salon/Barber

1,000

1,000

83

Pet Food

Other

6,500

542

Total DAILY LIVING

ENTERTAINMENT

6,500

FEB

JAN

MAR

MAY

APR

JUN

AUG

JUL

SEP

NOV

OCT

Total Average

DEC

Videos/DVDs

Music

Games
Rentals

500

42

Movies/Theater

500

Concerts/Plays

Books

1,500

1,500

125

Hobbies

Film/Photos

Sports

Outdoor Recreation

Toys/Gadgets

500

42

Vacation/Travel

500

Other

2,500

208

5,000

417

5,000

417

Education

Other

10,000

833

Total ENTERTAINMENT

2,500

SAVINGS
Emergency Fund
Transfer to Savings

5,000

Retirement (401k, IRA)

Investments

5,000

Total SAVINGS

10,000

OBLIGATIONS
Student Loan

Other Loan

1,300

Credit Card Debt

1,300

108

Alimony/Child Support

Federal Taxes

State/Local Taxes

Other
Total OBLIGATIONS

1,300

1,300

108

150

13

SUBSCRIPTIONS
Newspaper

150

FEB

JAN

MAR

MAY

APR

JUN

AUG

JUL

SEP

NOV

OCT

Total Average

DEC

Magazines

Dues/Memberships

Other

150

13

33,500

2,792

Postage

Other

Other

33,500

2,792

Total SUBSCRIPTIONS

150

MISCELLANEOUS
Bank Fees

Total MISCELLANEOUS

33,500

33,500

Help
http://www.vertex42.com/ExcelTemplates/personal-budget-spreadsheet.html

Instructions
This personal budget spreadsheet is meant to help you create a budget for an entire year.
Doing this will help you make predictions about where you may stand financially
in the future. If you are moving, changing jobs, purchasing a home, or making other
major life changes, it is essential to plan for many months down the road.
1. Edit/Create/Delete categories and subcategories
Use row operations, such as deleting or inserting an entire row.
The subtotal formulas are set up to allow this type of editing without messing up the
formulas, but you should always insert a row ABOVE the last row in the group or
BELOW the first row, so that the formulas stretch to include the row you added.
2. Verify that all of the subtotal formulas are correctly summing the correct cells
3. Modify the month headings as needed, to start with a different month
4. Enter your starting balance at the top of the worksheet.
5. Fill in the income and expenses for the year
a. You can copy and paste cells as needed
For example, enter an average fuel cost in Jan, and copy it across through Dec
b. Include large lump payments in the months in which they will likely occur
or use the approach of averaging the cost across each month. When using the
averaging approach, consider that your actual balance may not reflect the predict
balance for the month. If you use the lump payment approach, it may be easier
to compare actual balances, but make sure you have enough saved.
c. Add cell comments as needed to help explain costs. For example, you might
include the names of Birthdays in comments for the Gifts Given category

Updating the Balance Each Month

If your actual balance at the end of a month is substantially different than the projected balanc
you may want to overwrite the formula in the "Projected End Balance" with your actual balance,
to update the projections for the rest of the year.