Personal Budget Template

Our personal budget template in Excel is free to download and use. We know the importance of keeping track of your budget and accounts over time. This spreadsheet is easy to use.

Not only can you set up a budget on one page for the year, but by adding your actual banking of income and expenses month by month, you can compare your budgeting with actual figures.

Keeping costs down can be critical, especially if finances are tight, saving for something or paying off debt. Seeing your accounts on one page can help to achieve this. It can assist in finding where savings can be made; lots of useful websites can show you the best way to reduce your outgoings; one of our favourites is Money Saving Expert.

Setting up a Personal Budget

When setting up your budget, you must be realistic about your spending and look at your costs. It will include things like car servicing, a cup of coffee while you are out, and clothes shopping.

Start by looking at your previous year’s figures and decide if they will change this year. Some entries are easy to post and are the same each month, like monthly direct debits. Other costs will vary, especially for Birthdays, holidays, Christmas and any exceptional circumstances. It is always worth being realistic about the figures posted.

When looking at your income, don’t forget to include salary increases, overtime and bonuses.

Full instructions are available on how to set up the budgeting Template in Excel.

Features of personal Budget Template

The personal budget spreadsheet includes actual bank figures
Free to download and use – No catches and no adverts
Easy to use – set up and run in 5 minutes
Budget for the year entered on one page
Income and expenditure categories can be named to suit your needs, e.g. salary, rent, and utilities.
There are five income codes and thirteen expenditure codes
The Budget and Banking worksheets for the year printed on one page
If your circumstances change, your figures can be updated at any time
Differences between budget and actual figures are seen each month and a total page for the year

Personal Budget Template Example

We have set up an example so that you can see how it works. Download the sample, which will give you the chance to experiment by adding entries and changing figures.

Entering the costs for the whole year along with an annual budget. It allows you to see how the spreadsheet may be of use with your personal accounts.

Business Accounts Budgets

If you run your own small business, then this budget spreadsheet UK will work just as well to keep track of your company finances, and further information is available in our templates section.

Licence Agreement

By downloading our free templates, you agree to our licence agreement, allowing you to use the templates for your own personal or business use only. You may not share, distribute, or resell the templates to anyone else in any way.

Licence Agreement