The 7 Best Free Excel Budget Templates (Personal and Business) (2024)

Bookkeeping is crucial. Whether you are a housemaker or a business owner, keeping a budget is essential to meet your financial goals.

Some people create budgets in their minds, while others get them down on paper. Why not try another way?

Excel budget templates offer a quick way of budgeting. They provide the outline and you only need to fill in the cells.

You can choose any Excel template and use it to track expenses.

To help you make the right choice, we have listed the seven best free Excel budget templates for you. Let’s review them in detail below 😃

Table of Contents

  • Project Budget

  • Personal Monthly Budget

  • Balance Sheet

  • Family Budget Planner

  • Portfolio Tracker

  • Customizable 401K Calculator

  • Cash Flow Tracker

Project Budget

The 7 Best Free Excel Budget Templates (Personal and Business) (1)

A project manager is responsible for utilizing the funds of a project efficiently. In any business, funds make the backbone of the project.

If the manager is unable to manage the expenses properly, he may put the hard work of the entire team at stake 😕

To this effect, we suggest getting the ExcelProject Budget template. It has helped hundreds of people execute their dream projects successfully and can help you too.

This free budget template will get you through all small and mid-level projects. You can use it for contract work, home renovation, office remodeling, etc.

It shows the actual costs and planned budget. You can use it to see if your expenses are within the budget and, if not, how you can improve them.

All in all, this is great for small tasks that are not as detail-oriented. But if you have bigger projects, it is better you get the paid version of this spreadsheet template.

Personal Monthly Budget

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Having a personal budget that keeps you on track with your savings goals is essential. You need to know where all your money is going and if these expenses are necessary.

You can use the ExcelPersonal budget templatefor this purpose. It will help you manage your monthly expenses. And you can add multiple sources of income apart from monthly income if any.

It also allows you to set monthly goals and helps you save money accordingly. You can separate fixed costs and see your actual spending. It includes budget categories like housing costs, travel expenses, entertainment, taxes, and others.

All you need to do is add your income and expenses, and this free budget template will do all the calculations for you 😉

Its primary purpose is to compare your budget with your actual costs on a monthly basis. For that, it records your projected and actual expenses.

It will instantly show you the difference and if you were able to meet your set goal. You can always start again and do better.

Balance Sheet

The 7 Best Free Excel Budget Templates (Personal and Business) (3)

Being a business owner, you need to be well aware of all your assets and liabilities. An active reminder of how much money you have and how much you need to pay off is important.

It helps keep your mind straight and know the financial health of your company in a better manner. Only then can you make informed decisions and investments.

It will also tell you where to cut down money so you can perform adequate money management and add more to your equity.

You can use the Excel Balance Sheet template for this purpose. It is very easy to use and contains simple terms that even a layman can understand. Moreover, the template is easily customizable, and you can change it in whichever way you want 🎨

You can use this template to summarize your finances. And identify areas that are causing a deficit in your budget.

This balance sheet can also help you determine your net worth at a point in time. It is automatically calculated for you under the owner’s equity portion.

At the bottom of the sheet, you can find the common financial ratios. These include debt ratio, working capital, and 0ther information.

Family Budget Planner

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Having a household budget template is very important when you have a family. Household expenses keep on increasing, especially with kids.

To maintain them, you need to have a Family Budget Planner. It will tell you exactly where all the money is going and what you can do to save it.

You can use the Vertex42 Family Budget template. It will help you keep track of your money based on income and expenses for each month 🗓️

It can also work as a yearly planner and allow you to see the bigger picture. The family budget template can be really helpful in planning major life events beforehand.

For example, if you want to buy a house after two years, you need to start saving for it today. You will have to set a goal, for instance, $10,000. Per your income and monthly expenses, you will know where to cut down and add more money to meet your goal.

The best part of this template is its easy-to-use interface. The design is clear, and you can easily understand where to make changes. The template will automatically calculate and update the remaining expenses.

It contains different expense categories like Home Expenses, Daily Living, Children, and others.

Portfolio Tracker

The 7 Best Free Excel Budget Templates (Personal and Business) (5)

If you are a shareholder, you need to have this budget template. It will help you actively keep track of your investments and shares. You can use it to see your transaction history, and your dividends or simply evaluate your equity 💲

The Portfolio Tracker can be of great help in this instance. Whether you are an active trader or prefer being a passive investor, bookkeeping is important to know your financial status.

You can use the Simple Investment Tracker for this purpose. It will readily give you an estimate of your total cost of accounts. It also shows the gain or loss per the market value and you can compare it with previous performance.

You can also check your Average Entry Price compared to the Current Costs and see if you are making enough profit. Moreover, it offers an easy way to compare investment value with market value and visualize the difference.

This budget template will offer comprehensive insights into your investment accounts. It is designed for people who want to quickly view their investments and their profit.

It only shows your investment, its details, and its current value. A disadvantage is that it doesn’t go into the details of everything. This can be difficult to understand as some sections require a description.

Other than that, it’s great for keeping track of your investments.

Customizable 401K Calculator

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Having a strong financial status at the time of retirement is a dream of many. But only so many people are able to achieve it.

The key difference is planning and proper budgeting. You need to set a goal or a fixed amount of money that you need to save up before your retirement approaches.

Most people mindlessly put money in their 401k. To get your retirement plan on track, you need to invest money actively. It helps you make wise and informed decisions, and you can use your investments in a better way.

To help with that, you can use the free Customizable 401k Calculator Template. It is all you need to get your retirement plan on track. The interface of this template is simple, and it gives instant results on your entered values 🤓

Add your current annual income, your employer’s contribution, and your expected salary increment. Also, add your withheld salary, current age and the age you plan to retire at, interest rate, and other similar things.

The template budget excel will automatically calculate all other factors. It also displays all your data on a chart for better understanding.

Cash Flow Tracker

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As the name tells, a Cash Flow Tracker helps you track your cash flows. Cashflow simply means the money that comes in (inflow) and the money that goes out (outflow).

Having a cash flow tracker is crucial regardless of whether you are an individual or a business. It can help recognize expenses, operating cash, receivables of the business, and more.

It can also hugely impact your business decisions and planning. If your outflow is greater than your inflow, you need to cut down your expenses and improvise.

This will help you decide if your pace is well-suited for upcoming projects. And make timely decisions to improve it 🤗

The spreadsheet is easy to understand, and you can customize it however you like. All this contributes to making your money-tracking experience smoother. The goal is to help perform all operations smoothly and bring maximum inflows.

Frequently asked questions

Does Excel have a budget template?

Yes, Excel has a variety of budget templates. From Personal Budgets to Project Budgets to Family Budget Planners, Excel has it all.

Kasper Langmann2024-02-08T13:36:54+00:00
The 7 Best Free Excel Budget Templates (Personal and Business) (2024)


Where can I find free Excel templates? ›

Free Excel for the web templates
  • Go to
  • Click Templates at the top of the page.
  • On the Templates page, click Excel. ...
  • Click the template you want, click Edit in Browser, sign in if prompted, and then click Continue.

Does Microsoft Excel have a budget template? ›

Creating a budgeting plan for your household can feel overwhelming and hard, but Excel can help you get organized and on track with a variety of free and premium budgeting templates.

Is there a free budget template? ›

Google Sheets budget templates

The Sheets app for Drive includes pre-made templates, such as an annual budget and monthly budget. Google Sheets also provides annual business budget templates for entrepreneurs who want to track their expenses.

What is the 50/30/20 rule? ›

The rule is to split your after-tax income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings. 1. This intuitive and straightforward rule can help you draw up a reasonable budget that you can stick to over time in order to meet your financial goals.

How do I create a personal budget spreadsheet in Excel? ›

  1. Step 1: Download the Excel budget template. The first thing you need to do is to download the budget template. ...
  2. Step 2: Enter your income in your budget template. To enter your income, go to the "Income" sheet. ...
  3. Step 3: Enter your expenses in your budget template. ...
  4. Step 4: Add extra columns to your budget template.
Apr 29, 2024

Where can I find my Excel templates? ›

Select File > New and search for accessible templates using the Search for online templates field. Select one of the accessible templates to open a new workbook based on the template.

Does Excel have business templates? ›

All Excel business templates.

Browse through 73 of the best Excel business templates and find the right one for you.

Why can't I download Excel templates? ›

Check File Type and Size: Verify that the Excel file is in a supported format (e.g., . xlsx) and not corrupted. Additionally, check if the file size is reasonable and not excessively large, as very large files can sometimes encounter download issues.

What is the 70 20 10 Rule money? ›

The 70-20-10 budget formula divides your after-tax income into three buckets: 70% for living expenses, 20% for savings and debt, and 10% for additional savings and donations. By allocating your available income into these three distinct categories, you can better manage your money on a daily basis.

Is Excel good for personal budgeting? ›

For many, Excel becomes the go-to tool when taking those initial steps into budgeting, offering a familiar and accessible platform to understand their finances.

How do I create a budget spreadsheet for free? ›

  1. Choose Your Software and Template. Excel and Google Sheets are the most commonly used spreadsheet programs, but if you have a MacBook, you can also use the Numbers app. ...
  2. Calculate Your Income. ...
  3. Categorize Your Expenses. ...
  4. Decide How Often to Update Your Budget. ...
  5. Enter Your Numbers. ...
  6. Maintain and Stick to Your Budget.
Jan 31, 2024

What is the best free personal budget app? ›

The Goodbudget app is available for both iOS (4.6 stars) and Android (4.1 stars). Goodbudget also offers Budget Bootcamp courses to teach users how and why to create a budget that works for them how to stop living paycheck to paycheck, how to get rid of debt and a crash course to help tackle financial emergencies.

Is there a completely free budget app? ›

Mint is the free money manager and financial tracker budgeting app that brings together all of your finances. Plan ahead! From account balances and budget planners to tracking expenses and debt payments, all your money management is now in one place.

Are there any good free budget apps? ›

1. Expense Tracking: SoFi Insights. The Sofi Insights app is an online budget planner and money tracker app. Like Mint, it enables you to link all of your bank accounts, allowing you to keep a close watch on your spending.

Can Excel be used for personal finance? ›

You can use Excel's SUM function to calculate your total monthly expenses in each category. This will help you see where your money is going and where you might need to adjust your spending. Excel offers powerful visualization tools that allow you to create charts and graphs to visualize your financial data.

Can Excel be used to track personal finances? ›

Use pivot tables to analyze your expenses

This Excel expense tracker helps me stay organized and ensures that I don't forget any expenses. I use a pivot table to analyze all my expenses easily. A pivot table is a powerful tool that lets you summarize and analyze large amounts of data.

How do I create a personal budget template? ›

  1. Choose Your Software and Template. Excel and Google Sheets are the most commonly used spreadsheet programs, but if you have a MacBook, you can also use the Numbers app. ...
  2. Calculate Your Income. ...
  3. Categorize Your Expenses. ...
  4. Decide How Often to Update Your Budget. ...
  5. Enter Your Numbers. ...
  6. Maintain and Stick to Your Budget.
Jan 31, 2024

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