# Basic Personal Budget Template

Making a personal budget is one of the most important steps you can take to make sure that your finances are stable. In order to do this, you need to identify the right categories for your personal budget, and prioritize and detail certain specific categories.

Through a personal budget spreadsheet, you can see exactly where your money is going. Where do you spend your money? How much do you spend on food or public transportation? How much do you spend on staying with your kids?

Creating a budget not only helps you plan your spending, but also helps you gain insight into your spending habits so you can easily curb overspending.

## Basic Personal Budget

This Basic personal budget template is officially provided by Microsoft Excel and you can create the template directly in the Excel application or download it from the official website.

You can use this basic personal budget template to track your monthly income and expenses.

This template contains two worksheets：summary, Expense.

Where,

• summary: This worksheet contains the total expenses and the total incomes for each month.
• Expense: This worksheet contains a breakdown of the different expense categories for each month. The expense categories mainly include: Home, Daily living, Transportation, Entertainment, Health, Vacations, Recreation, Dues, etc.

Let’s see how to use this Basic personal budget template

Step1: Open Microsoft Excel Spreadsheet, click on the File menu, and then click on the New submenu

Step2: In the New dialog box, find the template search box, type in the keyword ” Basic personal budget” and press Enter, you will see the Basic personal budget template.

Step3: Click the Create button to download the selected Basic personal budget template to create a new Basic personal budget spreadsheet.

Step4: You need to enter the amounts of different income categories for each month in the Summary worksheet, such as: Wages, Interest, Miscellaneous, etc.

When you enter data in the income table, the total amount of monthly income will be calculated automatically. The total monthly income amount is automatically calculated by using Excel’s SUBTOTAL formula as follows.

``=SUBTOTAL(109,[Jan])``

Step5: In the Expense worksheet, you need to enter the amounts of different expense categories for each month. The total amount of expenses for each month will also be calculated automatically.

Step6: Once you have completed to enter the data of different expense categories for each month, the monthly total expense table in the summary worksheet will also automatically grab the total expense data for each month.

If you also need to customize other types of budget templates, you can send us a message.

If you are looking for basic personal budget template, check out Microsoft office site by clicking here.