![]() ![]() Most banks provide apps that link to your checking account and credit card, allowing you to automatically track expenses. Start by making the most of any features your bank offers. Here are some of the best budgeting apps to help automate money management, giving you more control over your cash so you can meet your financial goals while thinking about them less. Again, look to simple technology to streamline your efforts, saving you time and energy. Budgeting apps and tools can then help you put that plan into action. Using the tools above, you can craft a conscious spending plan. My 2 Favorite Budgeting Apps and Tools to Help with Money Management The formula at the end (subtracting expenses from income) provides a picture of your financial health and can help you figure out how to better manage your money. The free budget spreadsheet is available to download as a PDF and provides a list of proposed income and expense budget categories - you just have to fill in the dollar amounts. The Federal Trade Commission (FTC) offers another handy budgeting tool. The Federal Trade Commission’s budget worksheet There are also budget calculators to help you stick to your selected budgeting rule, like the 50/20/30 rule (which dictates that 50% of your budget goes to essential fixed and variable expenses, 20% goes to savings and debts, and 30% goes to the rest). If you have a Google account, you can access free templates covering weekly, monthly, and annual budgets. Google Sheets offers another budgeting method. If you have the Microsoft Office suite, you can access these Excel templates for free. There are even specialty templates, such as a personal monthly budget, a college budget, a home construction budget, and an event planning budget. These free budget templates are an easy way to get an overview of your cash flow (monthly expenses versus monthly income). Microsoft Excel isn’t all about complex formulas. The aim is to use tools that allow you to devote fewer hours to your money management. When it comes to budget templates, it’s best to keep them simple, and there are many user-friendly tools available to save you time and stress. Does this mean you need to master complex financial formulas? Not at all. The thought of creating a budget spreadsheet can be intimidating. But, it doesn’t have to be! I spoke with a couple in episode 114 of my podcast about how a big income lead to big debt.ģ Budget Spreadsheet Templates to Get You Started The entire point of these tools is to simplify money management so you can think about your money less, not more.įor many people, budgeting and planning for big expenses like vacation are a struggle. Then, you can use a budgeting app to help you stick to it, for example, by automating your expense tracking. Straightforward spreadsheets can help you create your conscious spending plan. Finally, you need to stick to your plan.īudgeting spreadsheets and tools can help you every step of the way. You then need to decide how much money to allocate to each bucket. You need to start with a bullet-proof budget, categorizing all of your expenses into one of those four buckets: fixed costs, investments, savings, and guilt-free spending. With the Foundation Template, you always have complete control of naming, editing, and deleting all your categories and auto-categorization rules.Conscious spending is a great way to enjoy life while still building a financially secure future. Ideally your categories should follow how you think about your money. A note about your budget categoriesīudget categories are essential for tracking your inflows and outflows. ![]() And if you get stuck, Tiller’s top-rated customer support and friendly community are here to help. You can set everything up in less than an hour. With the Foundation Template, simply open your monthly budget and see what you’ve spent in each category and what’s available until the end of the month. Other templates require tedious data entry and logging into multiple banks before you can use them. ![]() Foundation Template Budget Why is automation important?īecause you’re far more likely to succeed with a budget that feels effortless and always shows your latest finances. That’s because it’s the only monthly budget for Google Sheets and Excel that automatically tracks your daily spending, income, and account balances.Īnd it’s the only budget template that supports automatic transaction categorization 100% based on your rules. A monthly budget template is essential for keeping your spending in line with your financial goals.įor most people the Foundation Template is the best way to make and follow a monthly budget. ![]()
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