How to Create an Annual Budget Spreadsheets Template
Create an annual budget template using spreadsheets to track finances on a yearly basis for home budget planning. Follow these steps on how to create an annual budget using spreadsheets.
- Difficulty:
- Moderately Easy
Instructions
Things You'll Need
- Computer
- Excel Spreadsheets template program
- Paper
- Printer
- Annual Income/Expense Records
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1
First down load an annual budget template or create your own spreadsheets using a program like Microsoft Excel.
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2
Second, list your budget categories in rows down the left side of your spreadsheets template as to how your represent your annual income and expenses.
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3
Start with annual income as your first budget template category then follow with savings, must pays, necessities, needs, and emergency pocket money.
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4
Create two columns across the top of your spreadsheets to enter your annual budget amounts labeled Projected and Actual Annual Budget.
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5
First, list all earnings for the year under your Annual Income category including salary, commissions, bonuses, investment income, business profits, etc.
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Next record interest bearing accounts under your Savings budget template category on your spreadsheets including retirement, IRA's, stocks, growth funds, 401K, etc.
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Then enter all fixed budget expenses such as mortgage, taxes, insurance, loan payments, annual dues, etc. under your Must Pay category on your spreadsheets.
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Next list all your variable regular budget payments under Necessities such as utilities, food, clothing, fuel for autos, maintenance, school supplies, charity or tithe offerings, etc.
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9
Include all other discretionary annual expenses such as lunches, phone, cable, entertainment, etc. under your Personal Needs template category of your spreadsheets.
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10
Lastly set aside a designated budget amount for cash on hand under Emergency category on your annual spreadsheets for liquidity purposes and to cover unexpected expenditures.
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Total your estimated yearly amounts and enter an annual figure for each budget category under the Projected Column of your spreadsheets.
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Make any necessary adjustments and balance again until satisfied with your projected annual balance before you use your spreadsheets template to enter actual income and expense figures.
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