Personal Budget Worksheet

A simple, step-by-step guide to creating a budget in Google Sheets Step 1: Open a Google Sheet. Step 2: Create Income and Expense Categories. Step 3: Decide What Budget Period to Use. Step 4: Use simple formulas to minimize your time commitment. Step 5: Input your budget numbers. Step 6: Update your budget.

Follow the steps below as you set up your own, personalized budget: Make a list of your values. Write down what matters to you and then put your values in order. Set your goals. Determine your income. Determine your expenses. Create your budget. Pay yourself first! Be careful with credit cards. Check back periodically.

The following steps can help you create a budget. Step 1: Calculate your net income. The foundation of an effective budget is your net income. Step 2: Track your spending. Step 3: Set realistic goals. Step 4: Make a plan. Step 5: Adjust your spending to stay on budget. Step 6: Review your budget regularly.

Create a Personal Budget: How to Make a Budget Gather your financial statement. Record all sources of income. Create a list of monthly expenses. Fixed Expenses. Variable Expenses. Total your monthly income and monthly expenses. Budget Spreadsheet Example. Set a goal.

What to include in your spreadsheet worksheet Income from work. Income from side hustles and other sources. All of your spending. All of your bills, including revolving debt like credit cards. All of your savings.

Key Takeaways. The rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must-have or must-do. The remaining half should be split up between 20% savings and debt repayment and 30% to everything else that you might want.