Next, you need to input expense in the same way that you put in income. Recheck it to make sure that it matches the formula above.įill in expense titles. If you receive an error message when entering the formula, this means that you have made an error in writing your formula.Excel has many other functions that can be used to simplify calculations. The SUM function in excel adds up the value contained within the specific cells, which can either be input individually (B2, B3, B4) or in a range (B2:B4).The whole formula should look something like this: =SUM(B3:B4). Alternately, you can type in the cell range by typing the first and last cells, separated by a colon, into the SUM function. In the example, this would be cells B3 to B4. Then, click the cell to the right of "Net Pay" and drag down to the cell to right of your last income line item cell. In the cell directly to the right of that cell (B5 in the example), you need to create a formula to calculate total income. Create this cell in the next available cell underneath your last income line items (so, if you only have "Net Pay" and "Other Income," this will be cell A5). When you've created cells for all of your types of income, you'll need one that totals up your monthly income. It should be noted that if your NET Income is displayed in red, it indicates shortage in your budget.Make a cell that calculates total monthly income. NET Income – which displays the difference between your total income and total expenses.Total Expenses – which displays your overall weekly expenses.Total Income – which displays your total income for the week.The summary for your weekly expense budget should be displayed at the topmost part of this template. Review your weekly expense budget summary. Once these figures are entered, weekly expenses should be auto calculated. Expense areas that are not applicable to you can be skipped.įor each expense listed, its corresponding amount should also be entered on the same row. Different expense areas/categories are provided including home expenses, transportation, daily living, entertainment, health, and vacation/holiday expenses. Under the expenses table, list down the various expenses you will be spending for the week, e.g., rent, groceries, electricity, internet, etc. For each listed source of income, its weekly amount should also be entered on the same row. Under the source of income column, indicate your source of income, e.g., salary/wage, business, pension, etc. Indicate your source of income along with its weekly amount. Once start date is entered, the columns with the label Week 1 to Week 6 should automatically display each week's start dates. By using this family budget worksheet, you can save time while tracking your expenses. Just enter the necessary details and the template will generate all the calculations for you. With its built-in formulas, there’s no need to do the calculations yourself. The excel template household budget is the perfect version to use if you prefer an auto-calculated budget template. Additionally, a section for the weekly expenses is also highlighted at the lowermost part giving you details on how much you are spending on a specific week. For the expenses, it’s classified into the following expense areas – home, transportation, daily living, entertainment, health, and vacation/holiday. A separate table is provided underneath that to cover columns for the source of income, savings, and expenses. The topmost part includes sections for the week start date, weekly columns (Week 1 - Week 6), total income, total expenses, and NET income. This free family budget planner features various sections. Thus, you can always check how much you earn, spend, and save during a certain period. Aside from your expenses, your income and savings are also recorded in this template. It’s designed with multiple rows and columns to give you extensive details on your expense budget. This template for household budget in Simple design is a great help for those looking to track their expenses within a seven-day duration. This weekly budget template can be used to track your income, savings, and expenses on a weekly basis.
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