How to Make and Use a Budgeting Template Google Sheets

Are you looking for a way to budget your money more effectively? If so, you should try using a budget template. A budget template can help you track your monthly expenses and stay within budget each month. In this blog post, I'll show you how to make and use a google sheets budget template. I'll also provide a few tips on how to stay on budget each month!

What is a budget template for Google Sheets?

A budget template is a Google Sheets spreadsheet that includes pre-populated formulas and headers. Google Sheets budget templates can be used to track your monthly income and expenses, so you can see where your money is going. You can also use a budget template to set financial goals and track your progress over time.

Why should I use Google Sheets budget templates?

There are many benefits of using a budget template. A budget template can help you:

  1. Track your monthly income and expenses
  2. Stay within budget each month
  3. Set financial goals
  4. Track your progress over time

There are many different template lists on Google. You can find a budget planner to suit your specific needs. If you are unsure of how to create a budget template, I'll go over the basics later in this post. Once you have created your budget template, be sure to update it regularly. This will help you track your progress and make adjustments as needed.

What are some examples of budget templates for Google Sheets?

There are many different types of budget templates for Google Sheets. You can find budget templates online or you can create your own. Some examples of budget templates include:
Monthly Budget Template
This budget template can be used to track your monthly income and expenses.

Yearly Budget Template
This budget template can be used to track your yearly income and expenses.

Goal-Setting Budget Template
This budget template can be used to set financial goals and track your progress over time.
Debt Reduction Template
This budget template can be used to track your progress as you pay off debt. This template includes headers for common income and expense categories, such as rent, utilities, food, transportation, and entertainment.
Default Google Sheets free budget templates
These are actually pretty great—if you don't mind a little number-crunching. If you're not into that, however, there are a few other ways to make your budget work for you.

One way is to use a Google Sheets add-on, like Tiller. This add-on offers users the ability to import transactions directly into your budget spreadsheet, making it a great option for those who want to keep a current balance.

Whichever method you choose, the important thing is to find a system that works for you and stick with it. Creating and sticking to a budget can be a challenge, but it's worth it in the long run. With a little effort, you can get your finances under control and start saving for the things that matter most to you.
Income and expense template
This budget template can be used to track expenses. This template includes headers for common budget categories, such as rent, utilities, food, transportation, and entertainment.

To use this template, simply enter your income and expenses into the appropriate cells. Then, use the built-in formulas to calculate your total monthly income and expenses.
7. Enjoy free time:
Plan so you have free time built into your schedule

Google Sheets add-on: Tiller

If you're looking for a more detailed budgeting solution, consider using the Tiller add-on for Google Sheets. Tiller is a financial management tool that allows users to connect their bank and credit accounts to their Google Sheets spreadsheets. This add-on can be used to track income, expenses, and budget categories.

Tiller also offers users the ability to create custom reports and budgeting goals. There is a free trial available, so you can try it out before you commit to a paid subscription.

To use Tiller, simply connect your bank and credit accounts to your Google Sheets spreadsheet. Then, use the built-in formulas to calculate your total monthly income and expenses.

Best Google Sheets Budget Template: Step-by-Step Guide

The following section shows how to build a budget on Google Sheets from scratch. If you prefer to use a budget template, skip ahead to the next section.
Creating a budget in Google Sheets is simple.
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Step 1: Start with a clean slate
Step one is to start with a clean slate. You can do this by logging into your Google Sheets account and opening up a new Google Sheet and deleting any pre-populated content. Once you have a blank sheet, it's time to start tracking your expenses.
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Step 2: Track your expenses
There are a few ways to do this, but the simplest is to create two columns: one for the date and one for the amount spent. As you spend, simply add a new row and fill in the date and amount. You can also include a column for notes, like what the purchase was for.
If you want to get more detailed, you can create separate columns for different categories of expenses. This can be helpful if you're trying to stick to a budget or save in specific areas. Simply create a column for each category and fill in the amounts as you spend.

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Step 3: Track your income
Step three is to start tracking your income. This can be done in the same way as expenses, with two columns for the date and amount. If you have multiple sources of income, you can create separate columns for each.

Once you have a few weeks or months of actual expenses, you can start to see patterns in your spending and income. This can be helpful in setting savings goals or identifying areas where you could save.

Once your patterns have emerged you can customize your budget by allocating funds to specific categories. You can do this by creating a new column and assigning a dollar amount to each category.

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Step 4: List categories
After a couple of months you should have a general idea of the categories you want to use. You can keep it simple like this:
- Rent/Mortgage
- Utilities
- Food
- Transportation
- Entertainment
Or you can add as many as you want to track.

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Step 5: Add a category column
Now you should have 3 columns:
  1. date
  2. category
  3. amount
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Step 6: Make 2 sections
Now split the same 3 columns into a top and a bottom section. The top section is for your income streams. You'll probably need less than 10 rows there. And the rest of the spreadsheet is for expenses.
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Step 7: Fill in your rows
Now fill in the blanks. Include a date, category, and amount for each transaction row.
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Step 8: Total your columns
Use the SUM function to total your columns and you're in business. You just made a simple budget!
This may seem like a lot of work, but it's actually quite simple and only takes a few minutes each day. And, by tracking your spending and income, you can gain valuable insights into your finances.

So there you have it! A step-by-step guide to creating a budget in Google Sheets.

Once you've created a budget, you can start adding income and expense items. The Tiller add-on can automate the process for you.

You probably want something more exciting and that's where templates come in. Now let's talk about some of the budget templates in Google in more detail:
click to learn more about the monthly budget template

Monthly budget template

This is a great way to keep track of your spending each month. Simply enter in your income and expenses, and then see how much you have left over at the end of the month.

A personal monthly budget template can be a great way to stay on top of your spending each month. By entering your income and expenses into a template, you can easily see a clear picture of how much you have left over at the end of the month. This can help you make better spending decisions and avoid going into debt. There are many different types of monthly budget templates available online, so be sure to find one that fits your needs.

click to learn more about the annual budget template

Annual budget template

This type of budget is a bit more detailed than the monthly budget template, but it can be helpful to see your finances from a yearly perspective. Simply enter in your income and expenses for each month, and then see how much money you have left over at the end of the year.

An annual budget template can give you a more comprehensive view of your finances, helping you to make better spending decisions throughout the year. By entering in your income and expenses for each month, you can see how much you have left over at the end of the year. This planned spending can help you avoid going into debt and make better financial decisions overall. There are many different types of annual budget templates available online, so be sure to find one that fits your needs.

Zero-based budget template

A zero-based budget template is a great way to make sure that you are not overspending in any one area. This type of budget starts with your income and then assigns every dollar a job. This can help you make better financial decisions and keep your spending under control. There are many different types of zero-based budget templates available online.

Budget template for couples

This type of budget can be helpful if you are sharing finances with a partner. Simply enter in your shared income and various expenses, and then see what you have left over each month.

A budget template for couples can be a great way to keep track of your home finances. By entering in your income and expenses, you can easily see what you have left over each month. This can help you make better spending decisions and avoid going into debt. There are many different types of budget templates for couples available.
click to learn more about the budget by paycheck template

Budget by Paycheck Template

If you are paid on a weekly basis or every 2 weeks, this budget can help you keep track of your spending. Simply enter in your income and expenses for each paycheck, and then see how much you have left over at the end of the pay period.

A weekly budget template or a bi-weekly budget spreadsheet can be a great way to keep track of your spending if you are paid weekly or bi-weekly. By entering your income and expenses into the template, you can easily see your budget summary. Making a budget plan can help you make better spending decisions and avoid going into debt. There are many different types of weekly budget templates available online, so be sure to find one that fits your needs.

Choose the right budgeting templates

Now that we've gone over some of the different types of budget templates, let's talk about how to find one that fits your needs.

There are a few things to keep in mind when you're looking for a budget template. First, decide what type of budgeting system you want to use. There are many different methods out there, so it's important to find one that fits your lifestyle and needs. Second, make sure the template is easy to use and understand. There's no point in using a budget template if you can't figure out how to use it! Finally, find a template that you can customize to fit your specific situation.

No matter what type of budget you choose, be sure to find one that works for you and your financial situation. By sticking to a budget, you can make better spending decisions, avoid going into debt, and save each month. There are many different types of budgets available, so be sure to find one that fits your needs.

Tips & tricks for successful budgeting

Once you've found the right Google Sheets template, it's important to know how to use it effectively. Here are a few tips and tricks to help you stick to your budget:
This will give you a good starting point for creating your budget. Use your budget template to track your income and expenses. This will help you see where your money is going each month.
Be realistic about your spending.
Be honest with yourself about your spending habits to create a successful budget.
Create a system that works for you.
There is no one-size-fits-all approach to budgeting, so find a system that works for your lifestyle and needs.

Make sure your budget is flexible.
Life is unpredictable, so it's important to have a budget that can adjust as needed. As your income and expenses change, be sure to adjust your budget accordingly. This will help you stay on track and avoid overspending.
Set financial goals
Use your budget template to set financial goals. This will help you stay on track and motivated to save each month.

Create a savings plan
Use your budget template to create a savings plan. This will help you reach your financial goals and build your savings over time.
Track your progress.
Be sure to keep track of your progress so you can see how well you are sticking to your budget.

If you follow these tips, you will be well on your way to staying within budget each month! Try using a budget template to make tracking your expenses and saving money easier. You may be surprised at how much you can save when you have a plan in place.

Budgeting Template Google Sheets FAQ

Budgeting can be a daunting task, especially if you're not used to tracking your finances. But don't worry, I've got you covered with this google sheets budget template Q + A.
How often should I update my budget?
You should update your budget at least once a month, but you can update it more often if you need to. It is also possible to link your bank account. This will help you keep track of your progress and make sure you're on track to meet your financial goals.

What if I have more than one source of income?
No problem! Just enter your total income from all sources into the "Income" section of the template. Then, in the "Expenses" section, you can break down your expenses by source. This will help you see where each source of income is going.
What if I have variable expenses?
Variable expenses are those that fluctuate from month to month, such as utilities or groceries. For these irregular expenses, you can enter an average monthly amount in the template. Then, you can keep track of your actual spending for these items in a separate sheet or notebook.
I'm not sure how to categorize my expenses. Any tips?
There's no right or wrong way to categorize your expenses. It's up to you how you want to track your spending. However, we recommend using common expense categories such as "housing," "transportation," and "entertainment." Using a specific budget category will make it easier to see where your money is going and make comparisons from month to month.

TL;DR

The blog post above provides tips for creating and using an annual budget template or monthly budget template effectively. It recommends evaluating income and expenses, being realistic about spending, creating a system that works for you, making sure the budget is flexible, and tracking progress. It also provides resources for those who need help getting started with budgeting.

Budgeting can be a daunting task, but it doesn't have to be. By following these tips and using a budget template, you can create a budget that works for you and your financial situation. And don't forget to track your progress so you can see how well you're sticking to your budget. With a little effort, you can be on your way to better financial health in no time.