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Budget Example

The document provides instructions for creating and customizing a monthly budget sheet in Google Sheets. It outlines 9 steps to 1) choose categories and payment methods, 2) enter planned amounts, 3) add data validation, 4) track spending with formulas, 5) calculate remaining amounts, 6) insert and customize charts, 7) create accounting formulas, 8) carry over previous month balances, and 9) populate summary boxes. Specific instructions are given to edit categories, payment types, and account for different transaction types.

Uploaded by

Amit Singh
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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100 views6 pages

Budget Example

The document provides instructions for creating and customizing a monthly budget sheet in Google Sheets. It outlines 9 steps to 1) choose categories and payment methods, 2) enter planned amounts, 3) add data validation, 4) track spending with formulas, 5) calculate remaining amounts, 6) insert and customize charts, 7) create accounting formulas, 8) carry over previous month balances, and 9) populate summary boxes. Specific instructions are given to edit categories, payment types, and account for different transaction types.

Uploaded by

Amit Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Thanks for checking out the budget sheet

NOTE: To create your own copy of this Budget, click on File (in the top left corner) and then click "Make a Copy".

1 Choose categories and forms of payment you will plug in

2 Put in planned amounts

3 Put in Data validation items for dropdown selections


ADD: bank transactions, credit card bill, income TO CATEGORIES.
ADD: bank withdraw/deposit, direct deposit TO FORM OF PAYMENT

4 Use sumif function to track amount spent

5 Subtract planned by spent to get remaining column

6 Insert Chart and customize

7 Create sumif functions for Checking, Credit Card and Savings accounts.
DON’T FORGET CASH DOES NOT ATTACH TO CHECKING ACCOUNT ONLY BANK TRANSAC
ALSO SUBTRACT THE CATEGORY "Credit Card bill" FOR CREDIT CARD ACCOUNT

8 Make sure you add the previous month total to account totals

9 Fill in the income, expense and percent savings boxes


and then click "Make a Copy". You can then save it to your own drive and edit it.

T ONLY BANK TRANSACTIONS DO


CARD ACCOUNT
NOTE: To create your own copy of this Budget, click on File (in the top left corner) and then click "Make a Copy". You
Item Planned Spent Remaining

Total Expenses

Retirement
Savings
Investment
Total

Date Form of paymentDescription Out In


er) and then click "Make a Copy". You can then save it to your own drive and edit it.

Income
Expenses
% Saving

Previous month total


Checking
Credit Card
Savings

Category Reconciled
Item Planned Spent Remaining
Rent 1 1000 1000 0
Utilities 2 100 0 100
Groceries 3 100 0 100
Health 4 100 0 100
5
Gas 100 0 100
6
Transportation 100 0 100
7
Entertainment 100 0 100
8
Education 9 100 0 100
Accrued Expense 10 100 0 100
Misc 11 100 0 100
Total Expenses 0 0.20.40.60.8 1 1900 1000 900

Retirement 1 500 0 500


Savings 500 500 0 500
3
Investment 500 0 500
Total 0 0.2 0.4 0.6 0.8 1 3400 1000 2400

Date Form of paymentDescription Debit Credit


4/2 Direct deposit paycheck 2000
4/6 Check rent check 1000
Income 2000
Expenses 1000
% Saving 50.00

Previous month total


Checking 2000 1000
Credit Card 100 100
Savings 100 100

Category Reconciled
Income
Rent

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