I know, I know, the word “spreadsheet” often sends chills up my spine and I break out in a cold sweat, but I promise, this is soooo simple! And if you follow any suggestions from any of my posts, it should be this one. Seriously!

(*You may need to click to enlarge*)

Isn’t it beautiful?! This is a sample of a budget sheet I had prepared for someone and I rounded the numbers a little just to make things a little easier. This spreadsheet is GREAT if you’re just starting out and you’re not sure what you can afford or not. It’s even great if you’re **not** just starting out and you’re just looking to cut down in some places and save more money! I’m going to break it down for you so that it’s a little easier for you to make your own. It’s easy, just be realistic about how much you plan to spend in certain sections like: food, entertainment, savings, etc. Don’t expect to only spend $20 for entertainment a month if you know that you go out to eat twice a week.

**1.** You want to start out with your monthly income and the income of your spouse, partner, or maybe even a roommate. If you don’t receive a fixed monthly or weekly income then just estimate or average it out according to your previous paystubs. Then you want to add your income and the income of your spouse or roommate. If you don’t have a roommate or spouse and this spreadsheet is just for you, then just add the total at the bottom. Then take your monthly income and divide it by 2 in order to get your bi-weekly income. Once you’ve done that, take that number and multiply it by 26 (if you get paid every two weeks) or by 24 (if you only get paid on the 15th and 30th of each month) in order to get your annual income. If you have a partner on this spreadsheet, do the same for them. Then, add it all up. Add both of your monthly incomes together and put the total and add both of your annual incomes and put that at the bottom of the ‘Income’ section.

**2.** Now it’s time to talk about expenses. You want to make a list of every single bill that you have during the month. If you look at the sample there are expenses such as: rent, cable, cell phone, electric, and food. If you own a home you obviously won’t put rent. You will substitute that for a mortgage payment. Once you list all of the household expenses you want to put the exact amount that you pay each month under the ‘Monthly’ column. Once you’re done filing that in, go row by row and multiply those bills individually by 12. For example if you pay $850 a month in rent, multiply that $850 by 12 to get $10,200 for your annual expense.

**3.** Move onto the ‘Automobile’ section. Here you will want to list all expenses that have to do with your automobile. For example: Car payment, insurance, gas, and maintenance. Your car payments and insurance should be around the same price every month but your gas and maintenance may vary. I always pay for gas with my debit card so when my monthly statement comes in the mail, I add up how much I spent that month on gas, but for this you’ll want to either estimate or average off how much you spend. As for maintenance, I’m sure you’re not getting your oil changed or tires rotated every single month. Some months you may not spend any money on maintenance for your car but you want to put in some amount that you think is appropriate.

**4.** The next section is ‘Entertainment’. I consider entertainment expenses to be going out to eat, catching a movie, purchasing a video game, or anything that is a one time kind of thing. Allow yourself to have a certain amount of money every month for entertainment purposes. And remember, **be realistic**!

**5.** The ‘Liabilities’ section is important. This is for any credit card, student, or any other loan you might currently have. You may not pay the same amount every month but you want to give yourself a certain amount that you feel comfortable paying. That way if you want to pay a little more or a little less during a certain month, you won’t feel so bad.

**6.** My favorite and probably the MOST important part of this spreadsheet is the ‘Savings’ section. Every month you want to be able to put *some* amount of your income into savings. Whether it’s $20 or $200. Talk it over with your partner to see what you’re willing to put away every month and then enter that amount in the ‘Monthly’ column of your savings section. Multiple it by 12 to see how much you could be saving annually! If you don’t have a savings account or you’re looking for a better one, check out the ING Orange Savings Account.

**7.** This is the fun part. It’s like the “results” of the entire spreadsheet. ‘Total Income’ will just be your combined incomes from the top of the spreadsheet. ‘Total Expenses’ will be the total of all of your ‘Expense’ columns so you’ll need to add up your Household, Automobile, Personal, Liability, and Savings totals together to get that amount. Multiple them by 12 for the ‘Annual’ amount. To get the ‘Discretionary’ amount you want to subtract your ‘Total Income’ from your ‘Total Expenses’. Then the ‘Discretionary’ row is for any money that you have left over from your monthly expenses. Now you’ll get to decide if you want to adjust any of your amounts above. Let’s say that you only want to pay $150 towards your Visa CreditCard debt. Maybe now you want to increase or decrease that amount to make your discretionary amount bigger or smaller. You can also decide if you want to increase your savings amount, which I would prefer!

And that’s it for the monthly budget spreadsheet! I told you it wasn’t so bad. I have the blank prepared excel spreadsheet in my Dropbox account so you can download the entire file here. Please email me at **kate@coordinatedkate.com **if you have any problems with the download. Any way that I can help, let me know!

The next and final step to this financial organization project is the Yearly Budget Spreadsheet but you’ll need to have this monthly spreadsheet done first. So work on becoming more financially aware and organized and I’ll be posting the yearly spreadsheet soon.

**UPDATE!: Check out the Yearly Budget Spreadsheet here!**

Please send me a copy of the goggle doc. Thanks! Rankinsdm@gmail.com

Great! Please send me a copy of the Excel template. Thanks! britt746@hotmail.com

Great! Please send me a copy of the Excel template. like too try it dor church Thanks!

Just seeing this via pinterest. If you are still sharing could you email me a copy. nursemom0510@gmail.com Thank you!!!

excel temp to davidaalvey@gmail.com

Can you please send me the excel templates of the yearly and monthly documents

krystal.vasquez8604@gmail.com

Thank you so much!

Would love a copy of the template please =)

Please send me a copy of your Monthly Budget Spreadsheet in Excel please, bronwyntucker506@gmail.com thank you, regards

Please send me a copy of your monthly budget spreadsheet and the yearly spreadsheet? Thank you!

Could you send me a copy of both templates please? This is fantastic! Thanks so much.

n.dwyer@yahoo.com

I would love a copy of your excel spreadsheet!!

I would love for you to send me the spreadsheet,!

Would love a copy! Thank you! miss.khalela@Yahoo.com

please email excel file to burson.carrie@sbcglobal.net

thank you

I would love the google docs and excel templates, please! Cdnutting88@gmail.com

can you please send an excel sheet to christinacassida@hotmail.com

Please send a copy in excel to sarah.j.funk@gmail.com! This is so great!

Please send a copy in excel to keepitsimple52@gmail.com Thanks so much!

I would love a copy! wiseguys@mtaonline.net

I would LOVE a Google docs copy! laura.headley@gmail.com Thank you!!

Could you please email a copy of the Excel budget template to me at CouponMarnie@gmail.com? TIA 🙂

Love- would you be able to send me a copy of the Excel budget template at

lcaughlin@gmail.com ?

Great! Please send me a copy of the Excel template. like to try it for church. Thanks!

Please send a monthly budget in Excel to brooke.beckner8@gmail.com

Hi Kate, I would love your Excel template for your “Monthly Budget Spreadsheet”. I’m doing a major overhaul of my finances.

Thanks!

Please send a monthly budget in Excel to kbsumner@comcast.net

I really like this simple format. Can you email it to me? Thanks a bunch.

Kate,

Please send me this budget in google doc format as week as your yearly spreadsheet. Thank you

Dominique

This is totally awesome could you please email this and share the google doc with me. Brie.pringle@gmail.com Thank you so much!!

Hey Katie! I ran across your blog through Pinterest and love your budget spreadsheet! If you don’t mind sharing, would you email to me at destinycopher@yahoo.com? Thank you so much and have a great day!

could you please email me the spreadsheet to klutz6@comcast.net? i would love to give it a try!

Hello Katie! I love your budget spreadsheet! If you don’t mind sharing, could you please email to me at hhanlyn@yahoo.com? Thank youuuuu!! 😀

If you would please send me a copy of the budget spreadsheet!! Thank you : ) alfredolaurapinero@yahoo.com

could you please send me the template for the monthly as well as yearly?

elysewebb@ymail.com

please send me a copy of the yearly template thank you very much.

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Can you please send me a copy of the monthly budget spreadsheet to jnaples99@hotmail.com

If you don’t mind, please send me a copy of the monthly budget spreadsheet. Thank you!

This is perfect! I just found this on Pinterest so if you are still distribution, I would love an excel spreadsheet sent to vee.rai@aol.com

Thank you!

please send me a copy of the monthly budget spreedsheet cassithorson@yahoo.com. Thank you!

Can you sent me a copy of the monthly budge spreadsheet? Please and Thank you.

paulasportal@verizon.net

Could I also get a copy of your Budget Template? Thank you. bfolkestad1@gmail.com

please send a copy of the template to me!!

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please send a copy jab728@gmail.com

please send me a copy nlamb17230@gmail.com

Could you please send me a copy at jessica.r.mason@gmail.com