![]() You can color your budget tables to make easy analysis.įirstly, select your Balance row, then go to Home > Conditional Formatting and select the most suitable Color Scale or Icon Set for your needs: ![]() Then on the bottom, just extract monthly expenses from monthly total income to see your monthly balance.īALANCE = TOTAL INCOME – TOTAL EXPENSES #Step4: Conditional Formatting Now we’ll add our Excel sum formulas to calculate monthly total income and expenses: You’ll just input your monthly costs and also monthly income. This step is a recurring step for each month. #Step2: Add your monthly income and expense numbers Create separate columns for different categories, like housing, utilities, groceries for expenses, and salary, dividends, etc., for income. #Step1: Input Expenses and Income Itemsīegin by listing all sources of income and expenses. If you want to build your own budget from scratch, here’s the simple steps. How to Create a Budget in Excel from scratch? ![]() You can pick off any of the templates, and start using it. You can directly go to Excel Templates Gallery of Microsoft, or open an Excel workbook and select Budgets from the gallery categories. In addition to third-part templates, you can also use Microsoft Templates That’s all! Microsoft Office Budget Templates
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