Budget – Need of the hour

 

For every household having a limited money to spend every month, it is important to keep in check as to how much they can spend and how much they should save. To keep a proper tab on the expenses, a budget should be created. If carried on properly, the financial capability and freedom of a family may improve. Budgeting requires a long process and there are a few ways through which budgeting can be done on the computer. The advantage is that there are some of the templates for the budget which do not even require any cost and can be easily used for free. Even businesses require budgeting and there are some templates which help in effectively creating them.

The budget templates

Each spreadsheet has its pros and cons and no single style can cater to the demands of everyone. There needs to be a different style of the spreadsheet for different kinds of budgeting system. The free budget templates allow people to manage their finances both in the business or at home.

Smartsheet template – Preparing a budget doesn’t depend on the size of it as it is essential for the growth and profit of the company. A budget helps an organization make strategic decisions regarding the areas which are favorable for growth, the areas which require a cutback and general wellbeing of the company. Smartsheet gives all the benefits to the organization and helps plan, track and give a report on the work.

Debt reduction template – This is the kind of template which helps allocate the budget through choosing the best method for paying off the debts which are based on the debt-snowball method.

Budget and financial snapshot–For an easy and simple budget, this kind of template is the best option. It not only provides ease of use but also gives the user a final preview of the budget, i.e., the way it should look like.

Monthly budget template – An elaborative kind of spreadsheet, it allows the user to enter each and every item that is purchased and then automatically add them up and compare that total to the amount that is budgeted in the starting.

Personal budget template – A simple and nice budgeting template which allows the user to enter the purchases as and when they occur and track the daily expenses of the person.

Household budget template – This template is preferred when the budget has to be prepared for an entire year in one go. Thus, it is not only cost-effective but time-saving too.

Zero-based budget template –The simplest way to analyze savings is to find out the difference between income and expenses. In the zero-based template, a person can add up his total expenses and total expenses separately and then find out the difference between them.

There are different types of free budget templates available to assist the user whether it is for business purpose or for personal financial analysis.