Foxhound5366
Honorary Master
So I've always had a budget spreadsheet, but it never easily answered key questions for me (without further calculations):
1) How had my planned expenses changed over the month?
2) How much had I actually spent on ad-hoc expenses and how much did I have left to pay?
3) Did I have enough money to cover my remaining expenses?
4) How many unaccounted expenses have I had for the month (that came off my bank account but were never on my budget)?
Tonight I created a new template that answers all of the above at a glance, and I thought I'd share it as a template with you fine folk. You can download it here: https://drive.google.com/file/d/15DYGhNCF7kkBkC4NC8BoNi66LQVAUJip/view?usp=sharing
All you need to do:
1) Add your descriptions, 'Standard Expense' figures + 'Planned variance' (positive if you'll be paying more this month than usual or negative if you'll be paying less than usual)
2) Add your current bank balance
3) Populate how much you've paid so far on each expense (debit orders you will record the full amount that came off)
4) Add 'Special' expenses (once-off expenses not part of your usual budget - these will change every month).
That's about it
The 'Unaccounted for expenses' and 'Current difference' grand totals should be pretty interesting!
SPECIAL NOTE: This works if all your expenses come off a single bank account, and that bank account hits zero every month after everything is paid for. If these two things aren't true (e.g. if you're also paying some items from a second bank account or a credit card), the 'Unaccounted for expenses' and 'Current bank balance' columns will be irrelevant (everything else will still apply).
I hope it helps!
1) How had my planned expenses changed over the month?
2) How much had I actually spent on ad-hoc expenses and how much did I have left to pay?
3) Did I have enough money to cover my remaining expenses?
4) How many unaccounted expenses have I had for the month (that came off my bank account but were never on my budget)?
Tonight I created a new template that answers all of the above at a glance, and I thought I'd share it as a template with you fine folk. You can download it here: https://drive.google.com/file/d/15DYGhNCF7kkBkC4NC8BoNi66LQVAUJip/view?usp=sharing
All you need to do:
1) Add your descriptions, 'Standard Expense' figures + 'Planned variance' (positive if you'll be paying more this month than usual or negative if you'll be paying less than usual)
2) Add your current bank balance
3) Populate how much you've paid so far on each expense (debit orders you will record the full amount that came off)
4) Add 'Special' expenses (once-off expenses not part of your usual budget - these will change every month).
That's about it
The 'Unaccounted for expenses' and 'Current difference' grand totals should be pretty interesting!SPECIAL NOTE: This works if all your expenses come off a single bank account, and that bank account hits zero every month after everything is paid for. If these two things aren't true (e.g. if you're also paying some items from a second bank account or a credit card), the 'Unaccounted for expenses' and 'Current bank balance' columns will be irrelevant (everything else will still apply).
I hope it helps!
