Today I thought I’d share a couple of spreadsheets with you to help you stay on top of your finances. They’re oldies but goodies. I’ve shared these individually in the past, but with the new year I though you might could utilize them both. These sheets will hopefully add to your overall financial organization efforts. I’ve provided a brief explanation about each one, and some links to download the sheets. Ignore the old website branding.
All-In-One Personal Finance Spreadsheet
First up is my all-in-one, dashboard-style spreadsheet. In general, this sheet puts all your personal financial information in one simple, printable spreadsheet. Here’s what’s included:
1. Personal Balance Sheet – This is simply a listing of all your assets and liabilities. It totals up to give you your personal net worth.
2. Personal Income Statement – This includes your income and all your recurring expenses. While this isn’t a full-blown budget, it will help you to visualize what you “have to” pay each month.
3. Financial Goals – It’s important to keep your financial goals in mind when your viewing net worth and income vs expense. This keeps the big picture in mind.
4. Online Log-in Credentials – If you’re worried about security you don’t have to use this section, but I like to have all of my log-in information in one spot so that my wife could pick up the pieces if something happened to me.
This sheet will help you:
1. See your entire personal finance situation all in one spot. I believe a necessary starting point for making the most of your finances is to know exactly where you’re starting from. This sheet will give you that view.
2. Help a loved one in the case that something happens to you. If you’re the one source of financial knowledge for you family, you need this sheet or something like it stored away safely in the event that something happens to you so that your family can take control of your finances.
Download This Sheet:
Monthly Expense Tracker
Up next is the monthly expense tracker. This sheet will help you avoid late payments and overdrafts by tracking all of your monthly recurring expenses and showing you how they will affect your balance at different times in the month. This sheet includes a rolling calendar of recurring monthly expenses and income, as well as, your total available balance projected out for 30 days or more.
More on how this spreadsheet will help you:
1. Avoid Late Payments – Since you list out your monthly recurring expenses by payment due date, you’ll be able to quickly reference which bill is coming due at what date.
2. Prevent Bank Over-Drafts – Since the sheet contains a running balance, you’ll be able to roughly predict what your balance will be at various points in the month. This will give you a bit of warning so you can shift some money around from a different account and avoid an overdraft.
Article About the Monthly Expense Tracker
Download This Sheet:
PocketSmith, a calendar-based financial planner, is basically an automated version of this tracker sheet. Check it out if you want something more advanced.
While the sheets are by no means perfect, they’ve both helped me at times. Hopefully you can add them to your own financial tool belt and make some use of them too. If you have any questions or suggestions about the sheets, feel free to use the comments below…