I was never a wealthy person so I had to learn to manage my money well in order to be able to achieve my goals and provide for my family.
It’s in my nature to be a very organised person with a constant focus on handling responsibilities, at home and at work.
I’m glad to be able to share this Excel Spreadsheet that I use in order to keep track of my finances. You will find that it is comprised of two sheets:
- First one is for Monthly Expenses where you are able to track your bills, fill in the monthly cost and the day you have to pay them. Here you can add small observations, like if you are paying by Direct Debit or any other way . You can also see the total sum you must put aside every month for bills.
- The second one is your Overall Financial Statement which is helpful for tracking money coming in, which kind of expenses you pay the most on, assets, liabilities and savings.
To briefly clarify the difference between Assets and Liabilities I would like to offer you the most basic explanation there is: Assets put money in your pocket while Liabilities takes money out of your packet.
This spreadsheet can also be modified and personalized as prefered as it’s unlocked and free to use.
If you have any thoughts or suggestions please write a comment below and I will be happy to respond.