Here we are again! With the last and final part of the financial spreadsheet. With this Yearly Budget Spreadsheet you’re going to be able to track all of your spending all in one place! In order to be able to complete this spreadsheet, you’re going to need to finish the Monthly Budget Spreadsheet, first. If you need that template, let me know!
It looks similar to the Monthly Spreadsheet, right? Well, it’s supposed to.
The first column should be labeled ‘Budget’ and this is where you’re going to input all the information that you have on your ‘Monthly Budget’ spreadsheet. All of the same amounts, same categories, etc. I’ve added ‘Additional Income’ to this category, but you want to make the monthly budget $0.00 because you don’t want to expect any additional income, but if you get it, you have somewhere to put it. I use ‘Additional Income’ on my personal spreadsheet because my husband works in sales and often gets a commission check so I put that commission check amount in this spot. So if you or your partner get commission or maybe you sell stuff on Ebay or have a little side business going where you make funky bracelets or something crazy, I dunno.. you might just want to put this extra row on your sheet.
Then the next part is simple:
You’re just going to label the next columns with the upcoming months and you’re going to keep track of how much you spend in each category. Remember when I said to make a Monthly Bill Binder? Well this is where it would come in handy. You keep all your bills together when you get them and then sometime near the end of the month, take a half hour on a Sunday morning and go through the binder. Input all the totals from your bills, grocery receipts, pay stubs, etc. It doesn’t take long at all. Add them all up and see how you did this month.
I’m going to explain the sample sheet a little further.
These are the ‘Household Expenses’. As you can see in the sample, some of the expenses may fluctuate like I said in the Monthly Budget post but all you need to do is just type in the exact amount when you receive the bill. You can see that on the Yearly Budget Spreadsheet I’ve added a category that I didn’t have on the Monthly Spreadsheet and that is ‘Miscellaneous’. I consider Miscellaneous to be trips to Target for household supplies or beauty items, stuff like that. Also, let’s say you have to go to a birthday party this month and you need to buy a gift for someone. I would put that total under ‘Miscellaneous’ also.
‘Gas’ and ‘Maintenance’ will probably be the only categories under Automobile that will change much. One month you may get an oil change, the next month you wont, and maybe the next month your tire blows out and you need to purchase a new one. Those are pretty crazy fluctuations. Add them to your sheet to keep it together!
Your liabilities can be different every month also. Like I said in the Monthly Budget, you’ll want to just put what you’re comfortable with spending. Some months you may want to pay more based on how much income you’ve got and some months you may feel better paying less.
Savings will change, most likely every month, so you can be prepared for that with this spreadsheet. At the end of the year it will be awesome to see how much money you’ve put away!
Isn’t this so inspiring? This is how you can see how much money YOU can save each month if you just STICK TO THE BUDGET! And that’s the trick! Not this spreadsheet or the planners or the binders. Sticking to the budget is definitely what you need to be doing. People think that coming up with the budget and keeping everything organized is the hard part, but it’s not even close! These spreadsheets are just going to help you stick to it!
I was actually thinking yesterday that if you made these spreadsheets and then kept cash for things that you’ll be buying in separate envelopes, kinda like the ‘Envelope System‘ that She Makes Cents wrote about, it might work really well! Most people pay for their bills like cable, electric, rent, cell phones, etc either online or by check, so you would keep that money in the bank. But let’s say you take out money for food, entertainment, and miscellaneous things and put them into their own labeled envelope and once those are gone, they’re gone. Except for maybe food. If you need more money for food then I think it’s ok to take out some more, unless you’re going out to eat all the time or getting fast food, then it’s a no-no. That way, you’re only using your bank account to pay for bills and then you’re using the cash in your envelopes for things that you may typically get carried away with. Because I KNOW that if I walk into Target and see a bunch of stuff I want I’m going to pull out that debit card or credit card and tell them to charge it!… But if you go in there with your envelope and you see how much money you have left to spend for the ENTIRE month, you may think twice. I think I’m going to try this next month and I’ll let you know how I do. If you try it or already do something similar, let me know!
So that is it for the spreadsheets. Isn’t it sad? LOL
We’ll do this like the last time. If you’d like the Excel spreadsheet template, the PDF template, or the GoogleDocs version, let me know either in the comments or email me at firstname.lastname@example.org. If you leave me a comment please be sure to also leave me your email address!
If I sent you the Monthly Budget Spreadsheet, then I have your email and I’m going to just automatically send you this one so that you don’t even need to bother asking for it!
Hope you enjoy!