subject: Monthly Personal Finance Spreadsheet - Does It Work? [print this page] If you are on a budget or looking to get on one, tracking your finances plays a major role in how successful your budget will be. A personal finance spreadsheet is a great way to keep track of your expenses and income. By using an Excel spreadsheet you can easily keep track of how much you make and how much you spend each month.
One of the advantages of personal finance spreadsheets is you can easily alter them to work with your budget. In the spreadsheet you can enter categories you use on a monthly basis for expenses and income. These categories can be really detailed such as having individual credit cards listed by name or they can be broad such as having one group named credit cards for all your credit card bills.
With some slight changes to the spreadsheet you can add good looking graphs from your budgeting data. Graphs help you get a quick bird's eye view of your financial situation. The graphs will allow you to easily spot trends and areas that are in need of attention in order to keep you on budget.
Don't worry if creating financial spreadsheets is something you find a little to difficult. There are other options for you that can merge and even exceed all the features even the most advanced personal finance spreadsheets can offer. The out of the box software may cost more than creating a spreadsheet, but they provide enough advantages and features to be worth the extra money.
by: Eric Transue
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