How to Track your Money - Monthly Budget Spreadsheet - Google Sheets Template, Monthly Money Tracker

Summary

This video introduces a comprehensive monthly budget spreadsheet available on Etsy, designed to streamline financial management. It guides users through the features, including customizable income, savings, and expenses tracking. Viewers learn how to input transactions, set budgets, and utilize automated calculations for a clear cash flow overview. The spreadsheet offers visual summaries and the option to categorize bills and expenses for personalized insights. With the ability to duplicate months for consistency, this tool empowers users to take control of their finances effectively.

Takeaways

• 😀 The Google Sheets monthly budget spreadsheet is available for purchase on Etsy, providing a structured approach to budgeting.
• 💡 The spreadsheet includes sections for income tracking, allowing users to easily input various income sources.
• 📊 Users can manage their expenses by filling out specific sections for bills and subscriptions, ensuring they stay on budget.
• ✅ Important cells in the spreadsheet are color-coded to indicate where users should enter their information versus where calculations are automated.
• 📈 Automated calculations help users track their financial health, showing differences between budgeted and actual amounts.
• 🔍 The spreadsheet features a transactions table for detailed tracking of income and expenses, promoting transparency in financial management.
• ✏️ Custom tags can be created by users for better organization of expenses, making it easier to identify spending patterns.
• 📅 Users can set monthly budgets, making it simpler to plan for future expenses and savings goals.
• 📉 Visual graphs illustrate comparisons between expected and actual financial performance, enhancing user understanding.
• 🙏 The video concludes with gratitude for viewers, encouraging them to reach out with questions and purchase the spreadsheet for better financial planning.

Q & A

What is the primary purpose of the Google Sheets monthly budget spreadsheet discussed in the video?

The primary purpose is to help users manage their monthly budget by tracking income, expenses, savings, and bills in an organized manner.

How can users select the month and year for their budget in the spreadsheet?

Users can select the month and year using a dropdown menu at the top of the spreadsheet.

What distinguishes editable cells from automated cells in the spreadsheet?

Editable cells have a white background and can be modified by the user, while automated cells have a gray background and should not be changed.

How does the income section of the spreadsheet function?

In the income section, users can enter different income sources and their expected amounts, with actual amounts being pulled from a transactions table.

What features are included in the savings and debt tracking sections?

These sections allow users to enter savings goals and debt amounts, with the spreadsheet automatically calculating the differences between expected and actual amounts.

How does the bills and subscriptions tracking work?

Users input details such as due dates and bill names, and can override actual amounts if necessary, with differences being tracked automatically.

What is the significance of the expense tracking section?

The expense tracking section helps users categorize their expenses by allowing them to select from a dropdown menu and track various transaction details.

Can users customize their budget categories and tags in the spreadsheet?

Yes, users can create custom tags and categories that are reflected throughout the spreadsheet for personalized budgeting.

What visual aids are included in the spreadsheet to help users understand their financial status?

The spreadsheet includes summary tables and graphs that compare expected versus actual amounts, making it easier for users to visualize their spending.

What options do users have for managing their budget month-to-month?

Users can either create a new spreadsheet each month or duplicate an existing one to maintain consistent data while managing their budget.