However, if you just want to get a quick overview of your monthly budget, also offers a budgeting worksheet which can provide a solid basic understanding of your finances. Using a web browser, go to Microsoft's Money in Excel webpage.
#How to use microsoft excel for personal finance how to
Some aspects of the new personal finance software will be easy to use for former Microsoft Money users, but be patient as you learn how to get around in the software. You will have a slight learning curve when navigating any new personal finance software that replaces Microsoft Money. The following excel sheet for personal finance can help you with understanding your financial situation and also help make sound decisions related to finance. If youre familiar with Microsoft Excel and dont. Many budgeting apps also offer the opportunity to personalize and fine-tune your budget, while still requiring less effort than using a spreadsheet or a worksheet. Learning to Use the New Personal Finance Software. Microsoft Excel is an ideal tool for personal finance or budget management. When you know how to use helpful tools, like those in Excel, you can make the process more meaningful. What’s more, moneyunder30 also encourages you to modify the sheet to match your own spending habits-this could mean changing and adding categories to better reflect your expenditures. The spreadsheet then calculates how much you have left at the end of the month.Ī great benefit of using a spreadsheet as opposed to a worksheet is how you can save it and update it regularly, so you always have an up-to-date picture of your monthly budget. After downloading it, you simply enter all of your income after tax and all of your expenditures.
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The free spreadsheet from is compatible with both Microsoft Excel and Google Docs.