Free budget template in Excel: the top 8 for 2020

by Jan 29, 2020

Looking for a free budget template in Excel? Here we’ve picked out 8 of the best, available online. This post is written by a guest writer, Anthony Stevens. He is the content specialist for Excel Templates, a resource for free Excel templates including calendars and charts. 

Manage your budget in Excel

Budgeting is an essential aspect of money management, whether it’s for personal or business-related purposes. And when it comes to planning, aggregating, and analyzing budgets, Excel is still the go-to tool for many people from different lifestyles and professions.

Despite the development of online budgeting apps, some people prefer Excel and want to keep their financial information offline. An Excel budget template spreadsheet is easy to customize. If you want to access your Excel files on other devices, you can simply save them on cloud storage.

For those who prefer to work with cloud-based spreadsheet software like Google Sheets, there are other ways to manage your budget. As Google Sheets are online files, you can work in real-time with colleagues in the same file. You can also connect them with other spreadsheets in an automated system. If you’re looking for budget vs. actual analysis template in Google Sheets, check out this post.

For Excel fans, here are some of our favorite Excel sheet budget templates that you can customize to fit your own needs:

1. Weekly Budget Planner

Despite its name, this free budget template in Excel allows you to create weekly, bi-weekly or monthly event budget plans. It’s the ideal personal money management tool for those who are new to using Excel sheet budget templates.

This Weekly Budget Planner is not only easy to use, but it also makes financial information easier to understand. It’s quicker to digest information because everything is displayed on a single page.

2. Monthly Budget Planner

This budget planner by Money Under 30 takes monthly money management to a new level with a dedicated page for every month of the year. Each page is divided into sections. These break down and categorize your spending so you can easily track where your money went.

And as if that’s not enough to keep your finances in check, the template also has a summary page where you can find snapshots of your debts and savings.

3. Annual Budget Template

The Annual Budget Template gives you an overview of your yearly budget to help you keep your finances aligned. The spreadsheet can hold a year’s worth of detailed budgeting information. It also includes customizable sections where you can input additional income and investments.

4. Student Budget Template

Managing finances can be a challenge for students. Especially for those who’ve just started college and are experiencing the huge responsibility that comes with living on your own.

Microsoft’s Student Budget Template is the perfect budgeting tool for those who want to track and control their allowance and part-time job incomes. It’s free and easy to edit to fit your budgeting needs. Download this template, or edit it directly in your browser.

5. Household Expense Budget

This financial management tool is made for budget-conscious families. With the Household Expense Budget planner, you track the income and spending of your entire household.

Each sheet in the template is dedicated to a single month of the year, giving you a better insight into your family’s monthly cash flow.

6. Zero-based Budget Spreadsheet

The idea behind this Excel sheet budget template is to allocate every dollar of your income to a part or aspect of your budget, so the difference between both equals zero.

The Zero-based budget Spreadsheet has two sections – one side for your monthly income and another for your expenses. Once you finish filling out both areas, the difference should be zero. If not, you should adjust either side. This method allows you to track and easily trace where your money is going.

7. Money Manager template

Looking for a budgeting tool that will let you manage your budget and keep an eye on your expenses in a single location? If so, the Money Manager template is the answer. It’s an all-in-one budgeting solution that records and tracks all your financial transactions, and even balances your checkbook. How convenient is that?

8. Small business budget template

For those who are just starting to dabble in the world of business, the Small Business Budget template is a must-download.

Capterra has developed a versatile and user-friendly budgeting spreadsheet that startup owners can use for both long-term and short-term budget planning. The template also features an overview sheet. This sheet provides analytical insight into the efficiency of your business budgeting strategy.

Excel sheet budget templates

Excel is a versatile and valuable budgeting tool that has definitely proven its worth. But as with most things, there is no such thing as a one-size-fits-all money management tool. You’ll need a specific template for a particular budgeting task.

If you didn’t find the free budget template in Excel that you were looking for, there are hundreds more available online and ready to download.  If you search, you’re bound to find the right budgeting template to utilize for your money management needs and tasks.

Connect Excel to Google Sheets.

Prefer Excel but work with colleagues using Google Sheets, or vice versa? Read how to connect Excel and Google Sheets files here. 

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