I’ll be the first to admit that most of the budget spreadsheets I’ve seen were nowhere near free. These types of budgeting tools can be very intimidating to begin with, and the limited options available really makes it nearly impossible to use one without spending money. However, it’s important to understand that there are some very good free budgeting tools that can help you keep track of your finances and keep you from wasting too much time! Read on to find out what these tools are and how you can get started using them.
First off, I’ll discover why I believe these types of budgeting tools are the best. A lot of free budget spreadsheets will have features that are very useful for budgeting and financial planning. For example, a lot of budget spreadsheets come with a lot of options to create an annual or monthly budget for the individual user. With this type of tool, you can simply select which income and expenses you want to include, and it will automatically generate a monthly budget in just minutes.
Second, I’ll discover a type of budget template that is completely free. Most financial planners and planning software programs that require payment (like Microsoft’s Outlook) are very expensive. By choosing a budget software that doesn’t require any payment, you will have a lot more options.
The best way to pick a budget template is to compare the features available between different websites. While I think there are many free budget templates available online, it’s very rare to find a template that contains everything you’re looking for. You may find a small amount of information, but usually only basic information, like which expense and income should be categorized as “discretionary” and which should be categorized as “mandatory”.
For example, if you’re looking for a free budget that’s not too complicated, it might be good to look for one that includes a section where you can choose the month to month spending limits. Usually, you’ll discover that your choices are very limited to start with, and only the basics will be required to generate a budget.
So, if you’re looking for a budget that has a large database and lots of features, be prepared to spend money. If you’re on a budget and need a budget template for a very simple project, I’m going to recommend using Excel to create a budget. You might want to consider other programs, but Excel is the easiest to learn and most flexible.
Keep in mind that a lot of the best budget tools, such as Microsoft’s Outlook, are very expensive. I recommend getting a better template before purchasing a more expensive software.
While I was still confused about budgets, I discovered something that finally made me get it. It’s free!