The 7 Best Excel Budget Templates for your Household and Business

Written by co-founder Kasper Langmann, Microsoft Office Specialist.

80% of Americans keep a budget.

But a good majority of that keep a mental budget only.

Getting your budget down on paper or a spreadsheet can significantly improve your financial health.

A wisely budgeted month can be a whole-year habit which will give you more financial peace and freedom.

If you want to start building saving habits or just want to have a new platform to track your finances or track cash flow for your business, just read through and try these suggestions of the 7 best budget templates.

Kasper Langmann, Co-founder of Spreadsheeto

1. Personal Monthly Budget

free microsoft personal monthly budget excel template

Taking responsibility for your finances as an adult is probably one of the most liberating feelings there is.

Set financial goals and compare it with actual value through this Excel template.

Budgeting with this free Personal Monthly Budget template from Microsoft allows you to just input your income value and your expenses and they will be calculated automatically, the difference and your monthly balance and deficit.

2. Family Budget Planner

free family budget planner from vertex42

You have probably heard the phrase “budget your money” a million times. Maybe that is a little bit exaggerated but budgeting is on a high priority if you have a family already.

This Family Budget Planner from Vertex42 that can make a clear financial status for your household will be a vital player in peace and order at home.

The design is very plain and simple so you can start making ends meet.

Kasper Langmann, Co-founder of Spreadsheeto

3. Customizable 401K Calculator

free customizable 401 calculator excel template

You don’t want to retire with unclear financial status.

Many people just passively invest in their 401K. Mindlessly putting money in your 401K is not a healthy habit if you want a prosperous retirement.

Getting a foresight of your 401K can help you make more informed decisions.

Kasper Langmann, Co-founder of Spreadsheeto

Track down your contributions and your employers’ through this FREE 401k Calculator spreadsheet template.

Get ahead by just inputting some value and information about your investment and let this template provide you with an analysis of your contributions and future interest earned until your retirement.

4. Project Budget

free project budget excel template

A good project manager stays on top of everything, especially on the budget.

Project managers need to execute a project successfully. A big part of that is he or she tracks down balance and expenses.

A miscalculated projection on a budget can cripple the whole team. In business, cash is king. Making sure a project is well funded and funds are well-managed is tantamount to success.

Kasper Langmann, Co-founder of Spreadsheeto

Going along with this idea, a spreadsheet to track your project’s budget is of great need. This Project Budget template is designed for a wide variety of projects. This can handle a small to mid-tier projects, but if you are working on much bigger development, I suggest getting a paid one.

5. Portfolio Tracker

free stock investment performance tracker from microsoft

Become a more informed shareholder by being more mindful of your investments.

Whether you are a passive investor or an active trader, bookkeeping of your investments is a vital part of success.

Making sure all your dividends are accounted for, all transactions are readily available for review by your financial consultant or you just want to take a quick evaluation of your equity.

Make more prudent investments as you track the current costs vs your AEP (Average Entry Price). This Stock Investment Performance Tracker from Microsoft will show you gains and losses so you can have a better position sizing on your next investments.

6. Cash flow Tracker

free cash flow trackers from smartsheet

More than half of the businesses established go bankrupt or at least quit on their fourth year.

And a big part of these businesses focus too much on sales and not on their cash flows.

Suppliers will stop doing business with you, the landlord will kick you out, and utilities will cut their services with you leading to the ultimate demise of your beloved business that you built from the ground up.

Track the money that is coming in is enough to cover the expenses. A good cash flow spreadsheet will help you recognize all the expenses and operating cash needed for a months’ operations, as well as receivables.

Kasper Langmann, Co-founder of Spreadsheeto

Smartsheet offers a lot of cash flow tracker variations you can try.

7. Balance Sheet

free balance sheet excel template

As a business owner, you should know how much you own and how much you owe.

Keeping a tab of all your assets and liabilities will help you evaluate the financial strength of your company.

Having an insight into this information will help you make more up-to-date investments and cost-cutting measures to save and add more to your equity.

This Balance Sheet Excel template is very straightforward, easy to understand and highly customizable.

Also, Assets America has some fantastic resources about keeping your business healthy.

For instance, check out their awesome guide to writing a business plan for a hotel and running an apartment complex. If you’re into running those kinds of businesses, you’re in for a treat!

Wrapping things up…

Money matters. If you want to be a savvy saver or a good investor or business owner, bookkeeping should be your top priority.

Excel provides a wide range of functionality to accomplish what you want to achieve, but you don’t have to begin at zero. Download a template and start working on your goals by having clear data on your financial status. 😊

Kasper Langmann, Co-founder of Spreadsheeto