Managing a budget is a crucial practice for analysts, finance professionals, and business leaders as they diligently prepare and share reports. Fortunately, a wide range of tools has emerged and continues to evolve, simplifying the budgeting process. Notably, Google Sheets also offers its own collection of templates, including excellent options for budgeting. While these templates may be limited in number, the ones available are highly effective. By using a budget template, you can save valuable time that would otherwise be spent designing an aesthetically pleasing format. In this article, we will explore different websites that offer budget templates and delve into effective strategies for using them.
The 10 Best Free Budget Templates on Google Sheets
To help you get started, here are the top 10 free budget templates on Google Sheets:
1. Weekly Budget Template on Google Sheets
Google Sheets offers a customizable template for managing your weekly budget. This template allows you to track your weekly income from multiple sources and your expenses, helping you stay within your budget.
2. Monthly Budget Template on Google Sheets
The Google Sheets monthly budget template provides categorized tracking of your income and expenses. Its dashboard also provides charts to help you better understand your finances. Its simple layout allows easy access to all your financial data.
3. Household Budget Template
Specially designed for managing a household budget, this template offers different sections to track various types of expenses, including necessary expenses, discretionary expenses, and fixed investment expenses. It also provides a section for income tracking and a budget summary to give you a comprehensive overview.
4. Tiller Foundation Templates
The Tiller Foundation template is a collection of free budget templates, including:
- Monthly budget
- Annual budget
- Debt tracker
- Net worth tracker
- Money tracking charts
- Unified transaction sheets
Tiller offers a 30-day free trial. Once you cancel your subscription, you can still keep the template and all your imported data. Powered by Tiller, the Foundation templates are known for their automation features as they can automatically import your financial data from various sources. Additionally, their compatibility with AutoCat allows you to easily create automatic categorization rules to track your transactions.
5. 50/30/20 Simple Budget Calculator
This simple spreadsheet template uses the 50/30/20 rule to provide you with an overview of your income divided between your essential needs, your family’s wants, and any savings you want to achieve. It allows you to properly allocate 50% of your income to your essential needs, 30% to your wants, and 20% to savings and debt reduction.
6. Simple Budget Template
This template tracks all your simple daily expenses. It also includes a graphical representation to show you a visual overview of your income, expenses, and savings. This template is not specified for a given period, so you can use it for as long as you like.
7. Annual Budget on Google Sheets
Google Sheets offers an annual budget template with a simple overview of annual income and expenses, allowing you to set financial goals for the year. This template includes sections for income, expenses, savings, and debt repayments. It also has different tabs for income, expenses, and annual overview to keep the sheet well-organized.
8. Student Budget Template
This template is specially designed for students and provides sections for each semester to help students have a detailed overview of their expenses during their studies. It includes a cost estimator that helps you decide what you can or cannot afford each month based on your various planned expenses.
9. Wedding Budget Planner
This template provides you with tools to track your budget, RSVPs, and much more. It is an essential tool for properly planning a wedding and staying within your budget. It also includes charts to give you a visual overview of your expenses. This template can be used manually or powered by Tiller for automatic entry of wedding-related expense data.
10. Budget and Transaction Tracking Template
This template offers a comprehensive overview of your finances through its charts and graphs. It is a fully customizable template with precise instructions for any modifications based on your personal needs.
An Alternative to Google Sheets Templates – WPS Template Mall
In the era of digitalization, it is necessary to organize and manage our expenses properly to have a clear view of our finances. Spreadsheets provide an essential tool for this purpose. While Google Sheets has a plethora of templates for budget management, WPS Template Mall is another useful alternative that offers even more features, setting it apart.
The WPS Template Mall offers a wide range of templates that are not limited to spreadsheets but also include Word documents and PowerPoint presentations. The WPS Template Mall provides you with all your template needs in one place.
Furthermore, WPS doesn’t stop there, as it also offers many other features including a PDF converter tool that allows users to convert different documents to PDF, saving time and effort as there is no longer a need for separate converters. Once you have downloaded and installed WPS, you gain the benefits of membership, including the ability to convert various documents to PDF.
FAQ
Q1: Is Google Sheets good for budgeting?
A: Yes, Google Sheets is the best way to track your finances. Spreadsheets, in general, provide the best tools for managing numbers and save a lot of time in calculations.
Q2: How to create a simple monthly budget in Google Sheets?
A: You can use the above-mentioned template to create a monthly budget in Google Sheets and customize it to fit your needs. If you want to create an even simpler spreadsheet from scratch, you can open Google Sheets on your Google Drive account, create income and expense categories, and use simple formulas to minimize your time consumption.
Q3: How to organize my monthly budget?
A: Start by calculating your income and expenses, prioritize your finances, design a budget using Google Sheets templates, and track all your finances to redefine your budget according to your needs.
Q4: Is it safe to budget on Google Sheets?
A: Google Sheets templates automatically track your finances, but none of your data is online and remains secure on your computer.
Discover the Budgeting Potential with WPS Templates
Throughout this article, not only will you acquire in-depth knowledge of budgeting templates on Google Sheets, but you will also become familiar with the different types of budgeting templates offered by this platform. However, when it comes to budget templates, WPS Office stands as the number one choice.
With a vast range of templates available in their store, WPS Office ensures users can find the perfect template to meet their specific budgeting needs. Whether you are managing your personal finances, planning a business budget, or organizing expenses for a project, WPS Office has a template designed to simplify the process and streamline financial management.
To learn more about WPS templates, visit Crawlan.com and discover the full budgeting potential they offer.
