4/12/2024 0 Comments Free sample personal budgets![]() So maybe it’s high time you controlled the use of personal vehicles. For instance, you have used an excess of oil worth around $74 this month. Your personal budget is a great tool that you can capitalize on to reduce your expenses. Reduce Expenses from Projected and Actual Expense Profile For example, if you look closely, you will see that you earned $50 less than the projected income in the month of January 2023. You can analyze your projected and actual income from different income sources. Let’s use this budget to get such insights.Īnalyze Projected and Actual Income from Income Sources With its help, you can track your income and expenditure, get to know what expenses you are making too much, etc. The purpose of creating and maintaining a personal budget is to control your financial activities. Valuable Insights to Get from Personal Budget in Excel Read More: How to Make a Household Budget in Excel Finally, I have highlighted the information.You will get it from the “ Personal Budget” sheet. It’s easy to calculate the projected income. The summary will help us get insightful information to control our financial activities.įirst, let’s compare the projected income and projected expenses. The next step is the summarization of the budget. Step 8: Calculate Income & Expense for Specified Time Period This is also similar to how we compared projected and actual expenses. Next, I will compare the projected expenses and actual expenses. Step 7: Make Comparison Between Projected Expenses & Actual Expenses There are some categories too in the Excel file attached to this article. ![]() Please note that I have demonstrated only Necessary and Occasional expenses. This image shows how it should look after completion. The tasks are similar to the previous steps.
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