![]() ![]() One is Data tab where you enter all your expenses, and one is the Summary tab that has charts where no data entry is required. There are just two tabs in the expense tracker template. No need for macros or even refreshing data. It makes copying and pasting expenses over simple, and you can quickly see reports that summarize your spending. ![]() Once you start filling out your spreadsheet, you will see how much you are spending each month and how much each expense category is adding up over the year.Want an easy way to track your expenses? In this post, I’ll show you how you can use my free expense tracking template, which is based in Google Sheets. ![]() Your sheet is now ready to begin entering your monthly expenses. Next, do the same for all the other fields from N3-N8.Click B2 cell, hold the shift key, and click M2 cell.Next, we would take each category expense and add up the totals over the period of a year. This would make it much easier to track your expenses without having to manualy add up your totals for each month. Now, anytime you enter an amount into the monthly expenses, you would see the totals being added up automatically for that given month. Next, do the same for all the other fields until C8-M8.Click the B2 cell, hold the shift key, and click B7 cell.Click on the Total field under January.We will now add some simple functions to our total boxes so that we can add up our monthly totals for each category. To do this, you would be required to create a function that would add up the numbers for you, instead of you having to do it manually. Highlight the empty cells and change them to currency.Īfter setting up your spreadsheet, you should be able to start adding your expenses, but you would not see your totals yet.Change the colors of months, categories, and the total headers.Add expense categories in the Column A.You will also need to tally up the totals for each month and for each category. You will add the month columns on the top of the page and the expense categories on the left hand side of your spreadsheet. The first step in getting ready your tracking spreadsheet is to label the columns and the rows accordingly. Setting Up Your Spreadsheet to Track Expenses Tracking your expenses is best done by creating a spreadsheet that would automatically totals up your monthly expenditures for you. If your rent keeps going up periodicaly, you will want to know when it becomes unmanageable when compared to your income. It would be very difficult to set estimated prices for groceries or for for work supplies if you did not know what you spent in these categories.īy understanding how you do spend your money, you can plan ahead for your future. Keeping track of your expenses would be impossible if you do not have a set budget. you will also learn if you are overspending on some utility services such as streaming services or gym memberships. ![]() You can reallocate your monthly income to serve higher priorities, or you can reduce your expenditure on things you do not need. When you have a high level of debt, tracking your expenses can help you make more sensible expenditures. Once you check your expenditures, you would begin to notice some like patterns. Knowing your monthly expenses as it stands against your monthly income empowers you to make better financial decisions. Tracking expenses is one of the best way to save your money. ![]()
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