Having a budget that will guide you in handling your finances as a college or university student will do wonders in setting guidelines for reaching your target goals and for your future financial security. We have a selection of Student Budget Templates in MS Excel to help you track and keep track of your money and expenses. As Dave Ramsey once said, "You must gain control over your money, or lack of it will control you forever."ĭon't you worry because got you covered. It is part of your training to prepare you for what the real world brings. That's why a student like you should already know or practice budgeting. It takes a lot of courage and determination for it to be perfected. You may also wish to use formatting functions like bold or italic to make your budget spreadsheet clearer and more attractive.Budgeting is a skill that all of us should master. Step 14: Now, you need to add in figures for your specific income and expenditure, and Excel will calculate the totals. Step 13: Again, copy this calculation along the whole row. Now press the Ctrl key on the keyboard and whilst holding it down, choose the second number you wish to include. Now press the minus ( -) key on your keyboard. Then, click AutoSum and click on the first figure you want to include in your calculation, in this case it’s the income Total. To calculate this figure, click on the cell where you want this total – the surplus – to be shown. Step 12: You may also want to know the difference between your income and your outgoings. Step 11: Now you need to do a total for outgoings, repeat the steps above under your 'Expenditure' section. Step 10: Once you have the formula in the first cell, you can now copy that cell and paste it into all the other cells that require the same formula. Step 9: Click and drag on the cells that you wish to be included in this total, so that the cells are highlighted. Step 8: Then, click AutoSum in the menu ribbon. Step 7: Click on the cell where you want the total to be. Step 6: Once you have these headings in your spreadsheet, you can start to put in the calculations so that when you put in figures at a later date, Excel will calculate any totals automatically. In the same column that you have typed your income types, you need to add types of expenditure such as rent or mortgage payments, utility bills, shopping, leisure, TV licence, savings and so on. Step 5: Now we need to add your expenditure. Step 4: Then, put in a heading for your income and then below this any sub-headings for the type of income you receive, for example salary, pension, benefits. Type each month in an individual cell along one row of the spreadsheet. Step 3: Put in the months over which you want to budget to run. Excel will total up the income and expenditure for you. For a simple budget, we need to put in figures for ‘income’ and ‘expenditure’ (outgoings). Step 2: The spreadsheet needs to have information put in it, to calculate the figures for your budget. Step 1: Open up Excel so that you have a blank spreadsheet. This guide shows you how to create a budget spreadsheet in Microsoft Excel.įollow these step-by-step instructions to create a budget spreadsheet using Excel You can use a budget for your everyday money management, but also for planning holiday or Christmas expenditure. It also means that any changes to figures can be automatically updated in calculations by the spreadsheet so that it does all the hard work. Using spreadsheets to help you plan your budget can be useful because it can help with calculations and you can see at a glance incomings and outgoings.
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