Use the sum function to automatically tally up expenses in each category, as well as your total spending.įormulas are the magic of spreadsheets. Step 4: Create Formulas to Tally Expenses Make it a habit to input your expenses regularly – daily, weekly, or monthly – so your spreadsheet stays up to date and provides an accurate picture of your finances.
Step 3: Input Your ExpensesĪs you incur expenses, input them into the appropriate category along with the date and amount spent.Ĭonsistency is key. Be as broad or as detailed as you like, but remember, the goal is to make it easy for you to log and understand your spending patterns. Step 2: Set Up Your CategoriesĬreate categories for your various expenses such as rent, utilities, groceries, entertainment, etc.Ĭategorizing your expenses helps you see exactly where your money is going. Consider whether you prefer a spreadsheet that’s available offline, like Excel, or one that’s cloud-based, like Google Sheets, which allows for easy sharing and access from any device. You want something user-friendly, accessible, and with features that suit your needs.
Select a spreadsheet platform like Microsoft Excel, Google Sheets, or another program of your choice.Ĭhoosing the right platform is key. By following these guidelines, you’ll be able to set up a system that works for you and your financial needs. How to Make a Spreadsheet That Keeps Track of ExpensesĬreating a spreadsheet to track your expenses can be done in a few straightforward steps. So, let’s get started on this life-changing journey towards financial clarity and control. It’s a simple, yet highly effective way to visualize where your cash is flowing, make adjustments, and achieve your financial goals. Whether you’re managing household expenses, monitoring business costs, or planning a budget for an upcoming project, a spreadsheet is an invaluable tool for anyone looking to get a handle on their money.
But fear not, because with the help of a well-organized spreadsheet, you can easily monitor your spending and keep your finances in check. Are you constantly wondering where your money goes each month? If you’re like most people, keeping track of expenses can seem like a daunting task.