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2012 Budget and Expense Tracker

The document outlines the steps to use a budget and expense tracker, including: 1) Setting categories and budgets for each category. 2) Recording individual expenses in a spreadsheet with month, category, cost. 3) Recording pre-tax (gross) income for each month. 4) Viewing savings and spending analysis with charts showing monthly spending, savings, and running totals. 5) Viewing category analysis comparing average monthly spending to planned budgets.

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127 views7 pages

2012 Budget and Expense Tracker

The document outlines the steps to use a budget and expense tracker, including: 1) Setting categories and budgets for each category. 2) Recording individual expenses in a spreadsheet with month, category, cost. 3) Recording pre-tax (gross) income for each month. 4) Viewing savings and spending analysis with charts showing monthly spending, savings, and running totals. 5) Viewing category analysis comparing average monthly spending to planned budgets.

Uploaded by

Dipo Kola-Banjo
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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The 2012 Budget and Expense Tracker (In Five Steps) Created by Presh Talwalkar www.mindyourdecisions.

com/blog

Step 1: Categories and Budgeting


1. Delete, rename, or add categories as necessary. 2. Do not delete "Unplanned Savings" and "Planned Savings" Categories (Unplanned savings is the surplus or deficit from your monthly spending versus income; Planned savings include retirement accounts like 401(k) or Roth IRA or any other savings you consciously budget for) 3. Set a monthly budget for each category

>>

Step 2: Indi

1. Write each expense in a new row, w

NOTE: the month must be numerical v Step 5 to work

2. Write in costs as a positive number. 3. Include taxes.

Category Unplanned Savings Planned Savings Utilities Food Insurance Transportation Personal Care Entertainment Miscellaneous Charity Taxes Housing

Monthly Budget

Month

Day

Step 2: Individual Expenses

>>

Step 3: Pre-Tax (Gros Income.

e each expense in a new row, with a month and category.

the month must be numerical value (1, 2, ..., 12) for the summary table in to work

1. Write gross income for each month.

e in costs as a positive number.

de taxes.

Transaction

Category

Cost 1 2 3 4 5 6 7 8 9 10 11 12

Month

Year-to-date Running Total

tep 3: Pre-Tax (Gross) Income.

>>

Step 4: Savings and Spending Analysis (Don't Edit: these are automatically calculated and

Write gross income for each nth.

1. See how savings and spending changes month by month.

Income 1 2 3 4 5 6 7 8 9 10 11 12

Month

Spending 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Unplanned Savings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Unplanned Savings % of Income

$0.00

Year to date Running Totals

0.00

0.00

d Spending Analysis ically calculated and updated)

>>

Step 5: Category Analysi (Don't Edit: these are automaticall

1. Copy formulas from row 21 into new ro

nth by month.

2. See how your monthly average spendin

Planned Savings $ $ $ $ $ $ $ $ $ $ $ $ -

Total Savings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Savings % of Income

Category Unplanned Savings Planned Savings Utilities Food Insurance Transportation Personal Care Entertainment Miscellaneous Charity Taxes Housing

Total Category $ $ $ $ $ $ $ $ $ $ $ $ -

0.00

0.00

ep 5: Category Analysis and Budgeting these are automatically calculated and updated)

>>

(Premium

mulas from row 21 into new rows if you add more categories

our monthly average spending compares to your planned budget

Year-to-date Monthly Average

Monthly Budget $ $ $ $ $ $ $ $ $ $ $ $ -

Year-to-date % Gross Income

Step 6: Graphs (Premium version only. Upgrade for $1 at

https://gumroad.com/l/FxVG)

om/l/FxVG)

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