Product Description Look no further, this is the perfect all-in-one tool to help you set a budget for the year and stick to it! Budgeting is the best way to manage your personal finances, as it will help you understand where you are spending your money, how your expenses balance with your income, and how you can make lifestyle changes and re-prioritize your expenses. Setting a budget is essential for families and households, young professionals, as well as college students, and this tool will make it easy to get started. This budgeting template is very simple to use: Start by estimating your annual income (there is flexibility to specify an annual or monthly amount) Allocate how your budget should be distributed among different spending categories (once more, there is flexibility to specify each expense as annual or monthly) Throughout each month, record your daily expenses and label them under one of the spending categories. Record your actual income that you receive each month The tool will do all the remaining hard work and calculations for you. For each month as well as the year as a whole, the planner will: Show you charts of how your actual expenses are distributed among each category. Summarize how your expenses compare to your income Break down in which categories you stick to your budget and where you need to do some work cutting expenses! The "Category Review" tab will let you select any individual spending category and/or income source to see how it varies throughout the year. The tool will automatically create a graph to show you how the amount changes over the months and how it compares to your budget. Only basic spreadsheet knowledge is required because the tool is already programmed to do all the calculations and hard work for you! The spreadsheet even comes equipped with instructions for you. Technical Specifications The file is a PDF file containing links that will allow you to instantly download the Google Sheets spreadsheet. The file is a Google Sheets spreadsheet with the following tabs: "Set Your Budget" 12 monthly tabs "Annual Summary" "Category Review" "Instructions" This spreadsheet works in both Microsoft Windows and Mac.
