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Budgeting is indispensable for success in any financial framework. Without it, it is difficult to identify where you are financially. Even if you have a healthy emergency fund, a budget allows you to track your earnings, save and invest every month. This will require you to have a budget tracking template so that all the details are properly managed.
Without this template, it would be completely impossible to store all your budget details. Without a working spreadsheet, with all the information considered important, you will be missing out on important details. For that, there are several excellent budgeting tools available. Below you will find the 7 best models and apps for budgeting.
Budget model: what is it?
A budget template helps you manage your budget, keeping track of every little detail. You can adapt the table to your budget requirements. For example, if you budget every two weeks.
Monthly inform how much you still have to spend. You can stay within budget without constantly going through your checking account transactions.
Over time, you can track your spending patterns. You may find that some seasons are more expensive than others. With this information, you can better plan your future.
The 6 Best Budget Tools and Apps
What are the best budgeting tools and apps? Let’s get to know the best available options below.
- Clever Girl Finance Budget Template – Free
Clever Girl Finance has free budget templates, with printable versions of spreadsheets that no doubt help you define the budget and keep track of it over time. Its spreadsheets are comprehensive and guide the user through each category of their budget.
First of all, the user sets their spending targets for their budget categories. You need to think about a wide variety of categories, from debt to food and more. In addition, this app allows you to control revenue from multiple income streams. Notes on spending patterns and other details can also be included in the app.
If you identify something you would like to change in the budget, the user can also adjust for the next month. The spreadsheets in this application have several questions that will make the user think about the best ways to cut expenses or increase income.
- Google Sheets Budget Tool
If you’re a data-hungry person, using a Google Sheets budget template can be a great solution. You will have to enter all the expense details manually. This could mean keeping receipts or checking your bank statements every month if most of your plastic card spending
Using a budget template is generally not a very visual way to track your budget progress. The numbers don’t lie, though. You can see what you’re spending and make plans to adjust to those spending.
While entering the data can be time-consuming, it can help you really understand your spending patterns. You will be forced to relive all purchases by typing them into your budget sheet.
It’s very simple to use Google Sheets, you can track your expenses every month. If you want to use this spreadsheet, you will need to make a copy of the spreadsheet after requesting access to it. Once you’ve made a copy, you can make changes and control your budget in your own account. If you don’t like the free budget templates, you can customize your own Google spreadsheet.
- Budget in Excel – Budget Tools
Excel has several budget models very similar to Google Sheets. However, some of these models are paid. If you are not already a Microsoft 365 user, Excel may require you to pay for the budget templates available on the tool. Like Google Sheets, the template allows data to be populated simply and efficiently. But, it can be a good way to keep track of where your money is going each month.
If you like and want to join Excel but don’t want to pay for the full version, you can build your own spreadsheet. It’s not difficult to build your own Excel spreadsheet and keep track of your budget. Through it, you can write down your purchases, determine your expenses, check whether you have exceeded your monthly budget or not, and much more.
It’s a great free way to create a spreadsheet in Excel, but of course, it’s important that you know this tool well.
- Personal Capital Application – Budget Tools
The Personal Capital app is an excellent ally for users to track their long-term financial goals. Personal Capital is like an equity tracker. While helping with budgets, the main focus of this application is on users’ equity, helping to track and manage investments over time. If users choose to use Personal Capital, it can be useful as an overall budget aid, showing the increase in savings over time and allowing you to identify the months you met your budget targets.
- Mint application – Budget Tools
Mint is an application that provides users with budgeting assistance for general budget management, free of charge. You can easily set up a budget based on your spending patterns. The software is designed to help you create and manage a budget over time. You have access to long-term data as well as a daily balance function that lets you know when you’ve run out of money.
- Every Dollar app
EveryDollar is another monthly budgeting app that can help you stay on track. You can create your first budget in less than 10 minutes and track it throughout the month. The app’s format is extremely simple, but it will do the job. Although no-frills, the app can help you manage your budget effectively.
- Should you use a budget app?
Yes, you should use a budgeting tool or app to manage your money, and if you don’t already have your budget under control, a budget sheet is essential to understanding your spending habits. Using a spreadsheet or budget app, you can better visualize where your money is going. What more intent can you bring with your money. A budget table or app is a great starting point for managing your budget.
However, it may not be enough to help you create a budget that’s right for you. If you need more help creating a budget that’s right for you, check out our completely free budgeting course! You will learn about the different budgeting methods and choose the best option for your lifestyle. Start using these budget templates today. You will absolutely not regret it!
