We have created an excel template for Personal Income-Expense Tracker with predefined formulas. Personal Income-Expense Tracker Excel Template It will help you keep an eye on your spending habits and also curb unnecessary expenses. Using this template for recording your incomes and expenses as soon as they are done will help you manage your money smartly. It is necessary to keep track of our incomes and expenses. Read my full disclosure policy here.Sometimes at the end of every month, we usually find a shortage of money due to our unaccounted expenses or our bad spending habits. Regardless, I only recommend products or services I use personally and believe will add value to my readers. This means if you click on the link and purchase the item, I will receive an affiliate commission.

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This list should give you a great starting point, and is exactly what I use on a regular basis. I think there is a time and place for super specific categories, but if you are just starting out, I would try not to make it too awfully complicated. Try to group each purchase based on similarities, and be as specific or as general as you’d like. Grab a scrap piece of paper, and write down every type of expense you can think of.

Choose Your Spending Categoriesįirst, let’s begin with a super easy task – spending categories. The next few steps will show you exactly how to do this. And I mean every receipt, online purchase, and old school check you write – yes, everything! If you are serious about changing your financial habits, you need to commit to tracking absolutely everything from now on.

A quick grocery store run here, a new pair of jeans there, and no sooner than you’ve made the choice to crack down on your spending, you’ve already overspent because you didn’t…you guessed it… keep track.

One of the keys to gaining control of your finances and learning how to manage money better, is knowing exactly where you spend your money.īelieve it or not, it’s absolutely impossible to keep track of everything in your head. To read all posts in order, start with Why You Need a Budget, then continue reading the rest of the series on this page.

This is the third post in the Creative Savings’ Beginners Guide to Budgeting Series. If you’re serious about changing your financial habits, you need to keep track of ALL your spending! The FREE printable expense tracker found in this post is an essential tool for accountability and change.

Income and expense tracker printable