A reader recently asked me if I knew of any good and free budgeting spreadsheets. Personally, I love Excel and get a kick out of building spreadsheets, but I know not everyone is as interested in that as I am. But whether you like to create spreadsheets or just like to use them, we have a lot of good options for you!
About the spreadsheets
Each one of the sheets below are free and are designed to be used with Excel, but will more than likely work if you use OpenOffice (basically a free version of Microsoft Office). Some may also work with Google Docs, but I have had bad luck with some of my imports into Google Docs.
Each of the budgeting sheets below have their own strengths and weaknesses, so give try them out, see what works, and make tweaks and changes if necessary. If you have a spreadsheet that you have built or have found (that is free to distribute) please provide a link to it in the comments below.
This is my favorite Excel sheet I have found, but the downside is that it isn’t free. They do have a free demo, but the full-version is $15.
But if you don’t have the cash to spare, don’t fret, we have more than 10 other great spreadsheets below that won’t cost you a dime.
And since we are talking about free spreadsheets, I will tell you about two I built and use. They aren’t necessarily for budgeting, but they help keep our finances organized.
- FLOP (Financial Life on One Page) – Basically my balance sheet to calculate my Net Worth, keeps track of account numbers, and other information about all my financial accounts.
- Bill Payment Schedule – I pay my bills twice a month. I use this sheet to make sure everything balances and gets paid at the right time.
If you are just getting started budgeting, I suggest reading this article first: How to make a budget. Once you are finished, come back to this article and you can download one of these sheets.
Household budgeting Spreadsheets
Here are all the personal budgeting templates listed in no particular order.
A good and simple budget spreadsheet. The user has to enter each purchase and details in order to get full and accurate tracking of daily expenses.
Allows you to put in each item you purchase and the item’s category. It will then add up and compare the total amount spent with the amount budgeted.
This one is good if you are trying to add up income and expenses and find the difference between the two.
This one allows you to look at the whole year’s expenses and income with each month being a column in the sheet.
This sheet provides suggestions on how much you should spend on each item in the wedding. It also will help you think of expenses you might not have thought of.
Simple it is different than most because it works by pay period, rather than by month.
This is a really cool spreadsheet that helps you decide the best method for paying down your debts. It allows you to create a debt reduction schedule based on the debt-snowball method. The first page is a basic calculator for you to enter your information, choose your total monthly payment, and see a summary of the results based your debt reduction strategy. The second page is a printable payment schedule to help you keep track of your progress.
A famous old Microsoft budgeting template. It is very simple, but has proven to be helpful with the 2,000,000+ downloads. I like this one because all it does is provides a sheet to add up your expenses and your income showing the difference.
Very thorough, walks you through everything step-by-step, but just a little bit more that I am looking for. It is a really cool spreadsheet and will probably be very helpful to some people.
This user-friendly Excel budget template has just the right amount of features to help you get your personal spending in order.
Thoughts about household budgeting
If you are just getting started budgeting I suggest reading two articles I wrote – How to make a budget and why budgeting is like baking cookies. From personal experience, I can assure you that you won’t get it right the first month. It’s okay, just keep making adjustments and it will get better and easier each month. Budgeting of some sort is critical if you want to master your finances or get out of debt.
If you are just starting, I wish you all the best and let us know about what you learn in the comments! Also, be sure to check out the article I wrote listing 15 places to get free budgeting software.