My Budget

Weekly Money Manager © 2012-2017 Vertex42 LLC

BUDGET ACTUAL DIFFERENCE PERIOD START Sun 1/1/2017 ACCOUNT BALANCES BEGINNING CURRENT

Total Income 875.00 875.00 0.00 PERIOD END Sat 1/7/2017 Cash 75.00 75.00
Total Expenses 1,255.20 1,094.06 161.14 Checking 2,000.00 1,966.51
NET (380.20) (219.06) 161.14 Credit Card 1 (321.00) (506.57)
Credit Card 2 0.00 0.00
Savings 1,234.00 1,334.00
Total Balance 2,988.00 2,868.94
BUDGET TRANSACTIONS
--- INCOME --- BUDGET ACTUAL DIFFERENCE [42 DATE NUM PAYEE S ACCOUNT CATEGORY PAYMENT DEPOSIT

Wages & Tips 875.00 875.00 - 1/01/17 DEP Direct Deposit from Employer Checking Wages & Tips 875.00
Interest Income - - 1/02/17 2032 Car Payment Checking Car Payment 115.20
Dividends - - 1/02/17 Joe's Food Mart Credit Card 1 Groceries 87.34
Gifts Received - - 1/02/17 Ted's Gas and Grub Credit Card 1 Fuel 98.23
Refunds - - 1/03/17 2033 Target s Checking Clothing 23.10
Other Income - - 1/03/17 2033 Target s Checking Groceries 45.15
--- EXPENSES --- BUDGET ACTUAL DIFFERENCE 1/03/17 2033 Target s Checking Personal Supplies 25.04

Charity 50.00 - 50.00 1/05/17 2034 Mortgage Payment Checking Mortgage / Rent 600.00
Emergency Fund 50.00 50.00 - 1/06/17 TXFR [To Savings] s Checking Emergency Fund 50.00
Retirement Fund 50.00 50.00 - 1/06/17 TXFR [To Savings] s Checking Retirement Fund 50.00
Other Savings 50.00 - 50.00 1/07/17 TXFR [From Checking] s Savings [Transfer] 100.00
Mortgage / Rent 600.00 600.00 -
Home Insurance - -
Home Supplies - -
Furniture / Appliances - -
Debt - -
Interest Expense - -
Taxes - -
Util. Electricity - -
Util. Water - -
Util. Gas - -
Util. Phone(s) - -
Util. TV / Internet - -
Groceries 200.00 132.49 67.51
Dining - -
Fuel 100.00 98.23 1.77
Fun / Entertainment - -
Car Payment 115.20 115.20 -
Car Repair / Licenses - -
Car Insurance - -
Car Replacement Fund - -
Clothing 20.00 23.10 (3.10)
Cleaning - -
Health Insurance - -
Doctor / Dentist - -
Medicine - -
Life Insurance - -
Child Care - -
Alimony - -
Personal Supplies 20.00 25.04 (5.04)
Education - -
Subscriptions/Dues - -
Gifts Given - -
Miscellaneous - -
Discretionary - -
Other_1 - -
Other_2 - -
Other_3 - -
Other_4 - -
Other_5 - -
[Transfer]
HELP
https://www.vertex42.com/ExcelTemplates/weekly-budget.html © 2017 Vertex42 LLC

About this Template

This spreadsheet was designed to provide a simple way for you to track your money using a
weekly, biweekly, or monthly budget. Make a new copy of the Budget worksheet for each
budget period, updating the balances in the Beginning column of the Accounts list at the
beginning of each period.

Getting Started

Step 1: Customize Budget Categories

Edit the income and expense category names within the BUDGET table as needed, or use
the default set of categories. This list of categories is used as the source for the drop-down in
the CATEGORY column of the Transactions table.

Use the Budget column to enter the amounts budgeted for each category.

Step 2: Edit the Account Balances Table

Edit the list of accounts that you want to track in detail (typically cash, checking, savings, and
one or two active credit cards). The list of accounts is used as the source for the drop-down
in the ACCOUNT column of the Transactions table. You can add more accounts by inserting
new rows where indicated.

Each new period, you will enter the carry-over balance for each account into the BEGINNING
column of the Account Balances table.

Step 3: Make a Copy of the Budget Worksheet for Each Period

To make a copy of the Budget worksheet, right-click on the Budget tab and select "Move or
Copy…" and then check the "Create a Copy" checkbox. To rename your new worksheet,
right-click on the tab and select "Rename."

Tip: Save a backup copy of a Budget worksheet to use as a template for future periods. It
can contain your customized set of budget categories, your typical weekly/monthly budget,
and examples of common transactions.

Recording Transactions

You use the Transactions table like you would a checkbook register, except that you can use
it to track multiple accounts. Below are examples of some different types of transactions.

Split Transactions
 If a single transaction needs to be allocated to multiple budget categories, you need to create
a split transaction. You can do this by splitting the transaction into multiple rows - one for
each category, like this:

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT

Checking 1/1/10 2032 Target Clothing 23.10
Checking 1/1/10 2032 Target Groceries 45.15
Checking 1/1/10 2032 Target Supplies 25.04

Tip: If you want to verify the total amount of the split transaction, select the cells containing
the payments and look at the status bar at the bottom of the Excel window for the sum.

Transfers Between Accounts

When a transfer between accounts does not represent income or expense, use "[Transfer]"
for the Category column. Record a transfer by listing two transactions (one PAYMENT, one
DEPOSIT) to offset each other. The following example shows transferring $250 from
checking to savings.

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT DEPOSIT

Savings 1/1/17 TXFR From Checking [Transfer] 250.00
Checking 1/1/17 TXFR To Savings [Transfer] 250.00

Credit Card Payments

If you are not tracking a credit card or other loan as a separate account, then you can record
payments just like other bills, using a budget category such as "Debt" or "Car Payment" like
this:

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT

Checking 1/1/17 Credit Union Debt 76.00

If you are tracking your credit card as a separate account, you need to track all transactions
just like you would with a checkbook. Then, paying off the principal balance on the card each
month represents a transfer. Fees and interest are expenses. The example below shows a
credit card payment that includes a $25.00 late fee, $13.40 in interest, and a $200.00
principal payment (for a total payment from the Checking account of $238.40):

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT DEPOSIT

CCard1 1/1/17 TXFR From Checking [Transfer] 200.00
Checking 1/1/17 TXFR To CCard1 [Transfer] 200.00
Checking 1/1/17 Credit Union Miscellaneous 25.00
Checking 1/1/17 Credit Union Interest Expense 13.40

Recording a Return, Refund, Rebate, or Reimbursement

 A common approach for recording returns, refunds, rebates, and reimbursements is to record
them as a negative expense instead of income. For example, if you purchase a blender and
you allocated that purchase to the Appliances category, when you record the return you can
again use the Appliances category, as shown below:

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT DEPOSIT

CCard1 1/1/17 Target Appliances 125.00
…
CCard1 2/5/17 Target Appliances 125.00

Recording a Transfer to Savings

When budgeting, you usually treat savings goals as expenses so that you can include these
goals in your budget. So, when making a transfer to savings, allocate the amounts to your
various funds, using a split transaction if necessary. The example below shows a $200
transfer to savings that allocates $100 to the Emergency Fund, and $50.00 each to Car
Replacement and College Fund.

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT DEPOSIT

Savings 1/1/10 TXFR [From Checking] [Transfer] 200.00
Checking 1/1/10 TXFR [To Savings] Emergency Fund 100.00
Checking 1/1/10 TXFR [To Savings] Car Replacement 50.00
Checking 1/1/10 TXFR [To Savings] College Fund 50.00

Budgeting for Future Expenses

You can use a savings account for anything that you need to save up for, such as annual
fees, quarterly insurance payments, or quarterly tax payments. You can do this just like the
example in the Recording a Transfer to Savings section. The example below shows a
monthly transfer of $200 to savings for a future quarterly Insurance payment.

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT DEPOSIT

Savings 1/1/17 From Checking [Transfer] 200.00
Checking 1/1/17 To Savings Insurance 200.00
…
Savings 2/1/17 From Checking [Transfer] 200.00
Checking 2/1/17 To Savings Insurance 200.00
…
Savings 3/1/17 From Checking [Transfer] 200.00
Checking 3/1/17 To Savings Insurance 200.00

The previous transfers to savings using the "Insurance" category have already been
recorded. So, when you make the actual quarterly payment, leave the Category field blank so
that the payment doesn't get counted twice in the budget report. If you can't pay directly from
your Savings account, you can make a transfer from Savings to Checking first.

ACCOUNT DATE NUM PAYEE CATEGORY PAYMENT DEPOSIT

 Savings 3/22/17 ABC Insurance 600.00

REFERENCES

TEMPLATE Vertex42.com: Money Tracker for Mobile Excel

TEMPLATE Vertex42.com: Money Management Template

TEMPLATE Vertex42.com: Account Register Template

ARTICLE Vertex42.com: How to Make a Budget with a Spreadsheet

ARTICLE Vertex42.com: Budgeting Tips

© 2017 Vertex42 LLC
DEPOSIT
200.00
Weekly Money Manager
By Vertex42.com
https://www.vertex42.com/ExcelTemplates/weekly-budget.html

© 2012-2017 Vertex42 LLC

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