![]() ![]() You can estimate how much you’ll pay per month for utilities, or if you know that you have a fixed rate for mortgages and loans, you can fill in the blanks ahead of time. Your rows can be tied to the months in this year where you’re anticipated to make monthly payments or save for major repairs. In an Excel template, you can create new sheets for each of these major categories, then break them down to specific expenses.įor example, create a new sheet, name it Housing, and then dedicate a column to the expenses that fall under this category (monthly mortgage payments, anticipated home repairs, etc.). Goals: Something you might be saving for in the long term, whether it’s a new car, an appliance upgrade, or sending a child to college.Emergency savings: Create an emergency savings fund and be prepared for anything.Entertainment: streaming subscriptions, video games, live shows, upcoming vacations and weekend getaways.Utilities: gas, water, heat, electricity, and Internet.Transportation: auto loans, public transit fare, car maintenance and repairs.Housing: mortgage payments, home repairs, homeowners’ insurance, and property taxes.Important categories in your personal budgetįor the average household, expense trackers usually contain the following: ![]() The fundamental questions you want to be able to answer with a quick glimpse are, “What did I spend my money on, and how much did I spend?” Spreadsheet software like Excel is ideal for displaying this information in rows and columns. In addition, you can save them on your digital device or print it immediately in case you need them.Manage your finances with this free expense tracker template Go to Excel ![]() Furthermore, you won’t have to go through the difficulties of making an income tracker every week from scratch. A template is already designed and formatted, so all you have to do is enter the information which you need in the form. To make it easier for you to compute your weekly or monthly income without hassle, it is suggested that you get a template. If you want to do a monthly calculation, especially if your bills or expenses are paid every month, then add up all the tallied amounts from your weekly income to get the whole amount for the month. To do this, add up all of your income including the money which you get from part-time or irregular jobs (if any). Calculate The Total IncomeĪfter listing your income worth for the week or month, it is time to tally them to get the total amount of your weekly or monthly income. For company employees, write down the amount that you get every second week of the month and not the whole month’s salary (applicable if you are paid every 5th, 15th, 20th, or 30th of the month). If you are a beneficiary of a government benefit program, you need to write down what you actually received every month. Enter the Exact Income AmountĪfter writing your income source, the next step is to list the exact amount of income you get from your jobs, nonprofit organizations, projects, or government programs. ![]() Knowing where you get your income will help you to budget your money more efficiently. In this section, you can also provide information on whether the income source comes on a regular, irregular, or seasonal basis. I.e., if you are a freelancer, your source of income may include special projects and marketing your own products or professional services. The first thing you need to do when making your income tracker is to write down the sources of your income. In addition, you may also need the suggestions below so you can make an income tracker that would work well for you. If you want to oversee the flow of your employment or business income, it would be best to look for the appropriate tracker format. The tracker is very essential to employees who have to divide their income to pay bill expenses as well as housewives who want to make sure that the husband’s income should suffice for the remaining days before the next payday. An income tracker is also an excellent tool that can be used together with a budget plan to create an effective expense tracker. An income tracker is a systematic approach to organizing and managing your income as well as helping you control your expenses. ![]()
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