401k Calculator Average Budget Monthly Management Tracker Template

basic-expenses-tracking-spreadsheet-xls-with-sub-categories Budget Average Monthly Expenses Calculator

Skye Clemes September 26, 2020 Budget

A proper calculator for a budget should include a slider view and input field view in order to give the user options in calculating their financial resources. Slider formats are great for making a quick calculation while minimizing the amount of typing needed. Input fields, however, are more accurate and tend to be used when exact calculations are necessary in determining a budget.

A budget tends to have different headings for various kinds of income and spending, against which you can note down your own figures. Monthly outgoings are a good starting point for any budding budget planners. Begin by making a record of exactly what you spend money on each month. If you cannot remember all outgoings off the top of your head then take a look at recent bank statements and look for regular payments such as gas, electricity, telephone, rent and council tax. If you have any direct debits or standing orders do not forget to include these.

Food expenses should average about $150 monthly per person. This is the total amount including grabbing a bite to eat at the local restaurant. Look for sales at the supermarket and cook at home more often. Frozen and gourmet prepared foods are more expensive than home cooking. Break out the recipe book; your family may just thank you for it.

Many people would love to simplify their budgeting process. However, since many cannot use the Excel worksheet, there has been a desire to have an easily available and user friendly budgeting spreadsheet that would enable you budget with ease. Many versions of these spreadsheets are available and can easily be used with Microsoft Office such as Excel hence making it easy for many people.

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If you want to work out your own personal budget you can do so in many ways. If you prefer the traditional paper and pen method that is fine as it works just as effectively as using a computer. If you are more akin to personal computers or laptops then you could use a spreadsheet to note down your budget. You can also buy computer programs designed specifically to help with personal finance planning.

A home budget calculator will start with collecting your income and your expenses, everything that comes in and every thing that goes out in one month. If your income and expenses vary every month then you will need to gather information for several months and divide by the number of months to get an average per month.