A budget template Excel spreadsheet can be used to help you manage your finances, and get a handle on how much you can spend each month. It is not necessary to know Excel, but it would help if you do because this allows you to get a clear picture of where you stand, and if you can afford to spend more money or save more money. Here’s how it works.
A free small business budget template Excel spreadsheet allows you to enter your income and expenses, your personal and business expenses, and the cash reserve. If you have some sort of personal account, then you would want to enter that as well. Then there is the cash reserve. This is how much you have set aside for emergencies, things like vacations, the cash you earn from a part-time job, and the like. You will need to write these out and either adds them up or subtract them from your total income and then use the spreadsheet to adjust your income to match up with your expenses.
Once you have adjusted the amount to your income, and expenses, it is best to have the totals printed out on a piece of paper so you can see at a glance what you are going over. You can then look at this and see how you can cut down on spending, and if you can stretch yourself a little bit, to save a little more money. By seeing how much you are spending, you can make better decisions about the things you buy, to help you save a bit more money. And if you cannot afford to spend a little more, that’s okay because you can always try to pay it off with credit card payments, or a savings account, or maybe even paying the bills on time will help you save money.
The free small business budget template Excel spreadsheet can be used by anyone, regardless of their level of experience or skills. And it can help anyone to budget their finances, and get a handle on how much they have to spend.
I have been using it for quite a while now, and I am not even an accountant or CPA, so I don’t know if it is the most accurate, or what it can do, but I think it is a good way to budget and see how much you can spend and whether you can afford it. If you need some help, and some help at all, I would recommend you at least take a look at it.
There are many free online and downloadable resources for budgeting and use the free small business budget template Excel spreadsheet. A quick internet search can yield a lot of information, and I’ve tried a few myself.
This way you won’t have to spend hours, days, or weeks trying to figure out a budget, which can get tiring. You may also be able to save a ton of money. So it is worth a try.