There are a lot of ways that you can employ these days that would allow you to keep track of your income better. You can use these resources to allow you to have an easier time determining whether you’ve been spending your income right or not at all. For instance, you can start by taking advantage of excel budgeting spreadsheet. These are tips on how to utilize it.
This would be a simple, easy and effective way for you to find out how much you have been earning. This also allows you to determine those things that you’ve been spending this earnings on. Thus, you can assess whether you are indeed spending your income the right way. This is a really good way for you to get your budget tracked without the need for you to have to buy a software for this purpose.
A good start would be to first track the income that you are able to acquire for the one or two months. You would need to know how much you are earning first before you should start tracking it. Evaluating your income at the end of the first month or of the second month will allow you to determine the average earnings for you. Then, you will know the basis in which you’re going to be basing your spending on.
You would want to know how you have been spending your money over the past two months, this will give you an idea of the stuff that you have been buying. This can then be used as information that will categorize your spending, when making categories for the spreadsheet, it is best to get things put under broad categories. You can always get things sub-categorized under it.
You want this personal budget to be done in such a way that would be easy to understand. There are basic principles that you are going to need to apply to the way you are making this resource. You what things to be organized so even at first glance, you will know exactly what it is that you are looking at and it would be easy for you to understand the data that are entered here.
Ensure that you can get that the spreadsheet done in a way that will make it easier to understand. Keeping things organized should be easy with the use of color. For instance, you can add shading to the various categories that you have added to the spread sheet. This will help make it easier to identify which data is for what. Make sure to shade the summary sections between the categories.
Make the most use of excel formulas to. They would help keep things well organized. At the same time, the use of these formulas would help ensure that the sheet you are making is going to be well-structured too.