Expense lists that reflect the family budget are very useful to maintain the integrity of the family finances . So that priorities at home can be easily assessed.
For this reason, we will show you how you can create a list of expenses for the family budget in Excel quickly and easily. So you can use all the formulas in Excel in a spreadsheet for the family budget.
Why it is important to make a list of expenses for the family budget
A list of expenses that reflects your family budget will allow you not only to know what you have spent your money on, but also to assign each part of the money you earn a specific task that must be completed. What allows you to take control of the plan that you have decided to follow and evaluate errors to continuously improve it.
For this reason, the importance of creating a list of expenses for the family budget could be summarized in two aspects. With a budget reflected in a list you can know how much you have spent , depending on the longevity for which you have created this list, in this way it allows you to know your expenses.
On the other hand, a list of budget expenses at home gives you the opportunity to plan what you will do with the family income, allowing you to make purchases in a rational way. Essentially separating the needs from the wants, which will then allow you to save with the remaining money.
How to make a list of expenses for the family budget in Excel – Easy and fast
You can use Excel for free online and follow the steps below to quickly and easily create a list of family expenses in Excel.
- Once you have accessed the Excel program and opened a new spreadsheet , you must fill in a column by placing in each cell the period of time for which you want to make the list. For example, if you want to make it monthly, enter the name of each month.
- You must select the column next to it and fill in the cells with your expected income for each of the months, following our previous example.
- In the row that is next to your headings, you will place in each cell the name of the type of expense you must make. In the columns under them, you must fill in their cells with the amount of money you estimate to spend on each one.
- Finally, you select the cell to the right of the last type of expense and name it as the final balance, since it is what will be reflected there. For this you must select the lower cell and place an “=” sign to apply the function to the cell. This consists of selecting the first cell in the row, which corresponds to income, and subtracting each of the following cells from the row that corresponds to expenses .
- After applying the function, you just have to select the cell that contains it and extend its range throughout the column that composes it. This way you will get a list of expenses in Excel for the family budget, quickly and easily.
What is the use of making a list of expenses for the family budget in Excel
A list of expenses for the family budget allows you to control and evaluate expenses. For this, Excel is a program that allows you to easily create spreadsheets , which are ideal when making a list of budgets .
What gives you the opportunity to easily observe the cats of your family capital, so that you can define priorities, reduce or eliminate some of them. Since it offers quick data comparison tools .
You can also use Excel to create a form to enter data about your income and expenses, evaluating the categories in which you plan to spend the capital.
You must enter the family income in detail in Excel, as well as the expenses and their priority level, that is, those that are necessary, those that are mandatory and those that may be dispensable .
So that once you have created a list of expenses for the family budget in Excel, this program allows you to quickly evaluate them.
