If you’ve ever aspired to try to track your finances to monitor and/or analyze your finances, this Excel spreadsheet may be the easiest and most self-motivating way you’ve yet seen! I haven’t seen any bank’s free or paid online financial tracking system give you this much information about your immediate financial status, nor as quickly. With that constant immediate feedback as you enter each new piece of data, don’t be surprised if you find yourself constantly setting your own financial targets to hit, either!
Below is a large and detailed Excel spreadsheet to track and analyzes your finances. It is created like software so you only need to enter data, and can’t accidentally damage it because other cells are all locked out. You just click where you find the analysis you want and look at it after any new data you put in to see your current situation with the data given. Everything is also printable, though I ask you not to print unless you really need to. Let’s not create an extra expense on the spreadsheet, shall we? :-)
The concept behind using this spreadsheet is very easy.
- Set up things to tell the spreadsheet how to categorize and analyze your data.
This upfront work will require some thinking, but you can always update or change things as you go. The spreadsheet will work for any 12 month period, not just calendar year. Click here for tips and suggestions on category determination.
- Give the spreadsheet data as you spend and earn.
Each entry “requires”:
- a date (optional but recommended)
- method of payment if an expenditure
- category for spending or income
- description of transaction (optional but highly recommended), and
A side amount for tracking something, like poorly spent money, expenses with a roommate, etc. is also present.
- Click on tabs of different analyses to see where you stand.
There are projection for where you are heading for the year, and against “budgets” or other “standards” if you care to input those parameters.
More detailed instructions and suggestions are contained in the spreadsheet, but the gallery below will give you a visual overview of what you can expect, from a fictitious data filled spreadsheet you can download to play with below the gallery.
Click here to download a filled out, sample Advanced Finance Tracking and Analysis Spreadsheet (4.5 MB)
This sample spreadsheet may be the fastest way to learn to use this spreadsheet, which is also why I included it.
Play around with the spreadsheet above. Add entries with slightly outrageous values in different categories, like $1000 for food one day, and see how analyses change after you are familiar with where things are.
When you are ready, click on the link below to get an empty spreadsheet for your use!
This spreadsheet is something I have used for over a decade to track my finances, though it’s gotten an upgrade each year. It should be fairly robust against errors and weird entries. It will even warn you against some obviously incorrect entries, like codes for categories you entered that don’t exist, or if you forgot one. If you just try to pay a little attention to the details in using it, you should have no problems.
I’m offering this spreadsheet for free because I want to share something good I have developed for myself, with others. I will try to answer some questions people post as comments, but please don’t expect professional customer support. I’m sharing out of altruism and good-will, and this site is a hobby for me, not a job.
I hope some of you will find this spreadsheet of value in your life. Maybe a young adult in post-secondary school, independent for the first time, or still relying on you, you know could use this. There must be somebody out there who needs to be more aware of their finances in the world these days! :-)
Good luck and have fun!