Having difficulty planning your budget? Use this Monthly Budget Calculator to help you identify your monthly income and expenses.
Lot of blogs, articles advised us to set up a budget spreadsheet for your expense and income. You can find some ready-to-use budget templates from Microsoft. Let's take a look.
How budget template works?
Add new categories you want to track to the Budget summary table or modify those that have been added to fit your needs.
Then, enter all of your income and expenses for a single month in the Monthly income and expenses table and assign each item a category.
When you enter an amount, the associated category in the Budget summary table will be summarized automatically.
Wait, but you do not need a budget calculator like this
First of all, it's too complicated because it requires basic skills of Excel. I'm sure that lots of people like me do not like it.
Secondly, you must have a PC with Excel software. How you can track your spending for a coffee cup when you're on the way?
Lastly, we can make it done with your phone.
From comScore’s 2017 Cross Platform Future in Focus report, the average American adult (18+) spends 2 hours, 51 minutes on their smartphone every day.
Question: why you need a PC, Laptop to plan and manage budgets while you can simply deal with it with smartphone.
Track your expense from everywhere you go. Just few taps on the screen, you can record a spending for coffee, movie tickets or whatever.
It works both online and offline. It also supports synchronize data between devices. Imagine you can track with your phone on the way and then view expense easy-to -read reports with your tablet or PC at office.
Awesome budget feature. First you setup budget for each category like Food or All spending in a month. It will show the report of your budget with a prediction and advice on how much you should spend to not overspend.
Watch video below to see how budget feature works