![]() ![]() (2) Add Chart title with clicking the Layout > Chart Title > Above Chart in Excel 2007/2010 (In Excel 2013, the Chart title is added automatically), and enter a chart title, such as Incomes in Budget. (1) Add labels for the pie chart with right clicking the pie and selecting the Add Data Labels from the right clicking menu. (2) Click the Pie button (or Insert Pie and Doughnut Chart button in Excel 2013) on the Insert tab, and then specify a pie chart from the drop down list. ![]() (1) Select the Range A4:A6, then hold the Ctrl key and select the Range N4:N6. Step 5: Make a pie chart for the incomes in this budget year. Step 4: Calculate the deficit or surplus in this budget year: In Cell B18 enter =B7-B16, and drag the Fill Handle to apply this formula to Range C18:N18. (3) Calculate total expense in the budget year: IN Cell N16 enter =IF(SUM(B16:M16)=SUM(N10:N15), SUM(N10:N15), FALSE), and press the Enter key. (2) Calculate total expense of each item: In Cell N10 enter =SUM(B10:M10), and drag the Fill Handle to apply this formula to Range N11:N15. ![]() (1) Calculate total expense of each month: In Cell B16 enter =SUM(B10:B15), and drag the Fill Handle to apply this formula to Range C16:M16. Step 3: Calculate the total expense of every month and every items. (3) Calculate the total income in the budget year: in Cell N7 enter =IF(SUM(N4:N6)=SUM(B7:M7), SUM(N4:N6), FALSE), and press the Enter key. (2) Calculate total income of every item: In Cell N4 enter =SUM(B4:M4), then drag the Fill Handle to apply this formula to Range N5:N6. (1) Calculate total income per month: In Cell B7 enter =SUM(B4:B6), then drag the Fill Handle to apply this formula to Range C7:M7. Step 2: Enter your budget data of income and expenses into the table, and calculate the total incomes of every month and every item: Step 1: Prepare a table, and enter its row headers and column headers as following screen shot shown: The following steps will walk you through customizing a monthly budget template in Excel. As these take a lot of time to write, it would be great to hear your feedback.Although there are so many budget templates for downloading, you may still want to make a custom monthly budget template based on your needs. If you enjoy the excel tutorials and find them useful, it would be great if you leave a comment. You could compare this to what months you have the most expenses going out. If you have irregular income, you could graph your income to see what months bring in the most income. If you have investments, then you could use a line graph to track your investment portfolio. So every time you put money into your savings, your savings column will automatically rise towards your target. The great thing about Excel is that if you change your data in your spreadsheet, your chart will automatically update to show the current data. If you are saving for something specific, you could chart the target amount that you need to save and your actual savings to date. If you are comparing actual expenses with budgeted expenses, for example, you could use a column chart to make the comparison. Once you know the basics, you can chart any information that you like. ![]() There are plenty of other charting options that I didn’t touch on here, have a play around to try out these option. You should always consult a qualified financial expert when making money decisions to tailor plans to suit your circumstances. In this blog, I share my savings and budget planning and what works for us. All figures are made up.ĭisclaimer: This is general information only. It condenses all those numbers down into a visual representation that has immediate meaning.įor this tutorial, I’ll be using the same budget spreadsheet as I used in the loan calculations tutorial. And I realised for the first time just how much of our income was going towards our mortgage.Ī sheet full of numbers is great, but for an instant idea of how your finances are, you can’t beat a graph. I could see our finances for the first time. The numbers that had been staring me in the face for years suddenly jumped up and had meaning. It was just for fun really (I know, I need to get out more!), but what I found really surprised me. Just after we first bought our house, I decided to create some graphs. Previous to that, our budget was kept in a little exercise book. I have been keeping my budget in excel for four years now. ![]()
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