Being that we cannot retain all the spending and income transactions that we’re making nor have a clear view of it in our mind, then a budget template is set for that purpose. A budget template is a tool that provides a clear view of your financial standing and assists you to track both your minor and major expenditures in detail for management and reference purposes. For example, we have a monthly budget template, daily, bi-weekly, and others. Here we will discuss what is free Google sheets budget templates.
The most interesting thing is that you can also get these budget templates for free especially if you cannot customize one yourself. Therefore you don’t need to start from the onset to design a budget template for your activity, you can always look through the available google sheets budget templates to choose the one suitable for your task.
Below are the available Free Google sheet budget templates:
Google sheets which is one of the popular tools for budgeting for its great flexibility, powerful features, and ability to provide collaboration has thousands of different template designs and types to help you outline and track your budget.
1. Simple budget template:
This budget template is an easy way to start budgeting. It helps you to track and calculate your expenditures in a little more detailed way. It could be daily, weekly, or monthly. The template features are not rigidly set for a specific time-bound. The template has 4 various categories which include; your savings, emergency, debt payoff, and other goals. It allows you to determine the percentage of your total income to devote to each category and you can also change the labels of these categories to meet your financial situation and strategy.
2. Weekly budget template:
If you are the type that has a lot of variable expenses daily, then a weekly budget would be advisable for you because its template tends to include daily expenses and income segments.
This weekly budget template does provide the summation and summary of daily data and can be helpful for monthly budget analysis. This weekly budget template calculates monthly totals while giving a detailed breakdown of your financial goals.
3. Personal monthly budget template:
This sheet documents and tracks your expenditures on monthly basis. This is more of a way of calculating your spending habit, where you are overspending, your net income, your savings, and others. The monthly budget template has different categories such as income, savings, transportation expenses, and others. It also gives room for you to enter projected figures and actual figures with their differences at the side. This helps you to gain control of your spending habits as you will be able to track your income and expenses before and after making the budget.
4. Business budget template:
Are you running a small business or a massive corporation? You will need a business budget to avoid bankruptcy, increase productivity, purchase additional inventory, and determine the extent of benefits and labor force. A business budget template is paramount to the success of any business because it helps in keeping things organized. It also helps in tracking revenue, expected expenses, and availability of funds for improvement or addition of business capital or labor force. The template mostly provides features for inputting business revenue and expenses data on a monthly, quarterly, or yearly basis.
5. Household budget template:
This budget template is a great way of managing one’s spending habits. A household budget is basically about tracking your earnings against what you spend in the short or long-term to avoid overspending and misplaced priorities.
This sheet is designed in such a way that you draw your budget in a before and after format where you check your spending habit, your actual income, and expenses. The features for providing a projected budget against actual expenses with the income is a fancy way of helping one with money management.
Can I create my own template?
Yes, you just have to follow these few steps
A. Open a Google sheet
B. Create Income, expense, and other desired categories’ column
C. Decide your budget timeframe like daily, weekly, monthly, etc.
D. Use formulas to automate your calculations to minimize your period of commitment to the sheet.
E. Now, Input your budget numbers and remember to keep updating them.
These various sheet templates have different features that allow the user to use them for their purpose. The format, categories, and layout of rows and columns provide seamless inputting of the needed data for documentation. Therefore, it’s important to be aware and clear on what kind of budgeting you want to carry out and then, use the template that is made for such kind of budget. We discussed what is free Google sheets budget templates.
- Where else can I get free budget templates aside from Google?
There are so many other places to get a free sheet budget template like Microsoft Excel, Nerdwallet, Apps, and others.