How to create Ultimate Personal Budget in Excel

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Published 2022-11-18
► Download Ultimate Excel Personal Budget Template: excelfind.com/ultimate-excel-personal-budget
► Discover all our Excel templates: excelfind.com/templates

How to create Ultimate Personal Budget in Excel

This Excel tutorial teaches you how to create the ultimate Personal Budget template in Excel that covers every step from a zero-based multi-period Budget Planning through an intuitive Budget Tracking up to an interactive Budget Dashboard to constantly monitor and evaluate your personal budget performance. This Excel template enables you to not only keep track of your budget for ongoing periods and analyse your budget performance of passed periods, but also to pro-actively take control over your personal finances by planning your months and years ahead with almost zero effort.

The template covers every possible aspect required to get full control over your personal money-flows and comes with a number of features that are particularly designed to address real-life issues, like the planning of inconsistent money-flows like yearly, quarterly or monthly-changing income, expense or savings categories or the option to automatically treat late income (e.g. paycheck at the end of the month) as disposable income for the next month.

The interactive Budget Dashboard is the heart of this template as it comprises both the planned and tracked budget data in an incredible smart and powerful way. It is driven by one of the most powerful composition of calculations and sets new standards in terms of interactive data visualization and UX/UI design in Excel.

This tutorial covers every single step of the template creation and is an amazing training for your set of advanced Excel skills. The final template file is available for download on excelfind.com.

Tutorial Outline
00:00:00 Demo
00:16:26 Budget Plan Setup
01:08:25 Budget Tracking Setup
01:54:56 Dashboard - Initial Setup
02:11:04 Dashboard - Breakdown Section
03:55:39 Dashboard - Category Distribution Charts
04:33:46 Dashboard - Tracked vs. Budget Chart
05:31:02 Dashboard - Performance KPI Tiles
06:03:38 Finishing Touches

Resources
Final Template Download: excelfind.com/ultimate-excel-personal-budget
Color Palette: F0E936, 40D492, F9B710, FE1684, 9237BC, 4633F2, 3285F3, 1DD7F3

NOTE: This video has been produced for educational purposes as I want to have my community benefit from freely accessible training material. You are free to use the knowledge provided for your own personal or business-related projects. However, the reproduction, copying, and general reuse of the video or republishing of the creative process demonstrated is not permitted. Furthermore, the unauthorized redistribution of the final template or any sort of derivate of the template (for commercial gain or without a proper license) is not permitted. A violation thereof is considered copyright infringement and is subject to legal actions.

DISCLAIMER: I am not a financial advisor. Nothing said in this video is financial advice. This tutorial is solely about the technical creation of a powerful personal finance tool in Excel.

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#excel #personalbudget #dashboard

All Comments (21)
  • @JRon_Music
    Putting excel on my resume as a skill at this point
  • Spent 2 days, My eyes are now burning but I completed it, thanks for this awesome video
  • @user-zx2sz4uo3r
    I can't imagine the amount of time it must have taken to make this entire 6 hour video as soon as it was. Your explanations were so clear and you didn't skip any step. Some people will assume that some things are common knowledge in excel and will skip over it and that will ultimately lose some viewers. This was really an amazing dashboard and incredible video. I learnt so much, not just about excel's capabilities but also being detail-orientated so make sure everything is nice and standardised creates a beautiful end result. You're one of the people the world needs - people who share their knowledge generously. Thank you.
  • @BloodGambit
    for those who have the problem with the formula for total 36:43 , here is the solution - =SUM(INDIRECT(ADDRESS(income_min_row;COLUMN())&":"&ADDRESS(income_max_row;COLUMN()))) the problem is that after min_row/max_row we need ";" not "'," also in the beggining we need "=sum" if you get value in the cell. Amazing tutorial man, thanks!
  • @Hibari9420
    This is unbelievable. I was thinking of buying your template at first, but then I wanted to see how it works so I took the tutorial. Now that after +20 hours I'm finally done, I'm thinking of buying it just for gratitude. Thank you for this, I really appreciate the effort of putting this video together.
  • @tafzekid
    I followed this tutorial from A to Z. You, sir, are an absolute genius. The way you know your thing, the time you took to break down every single step, the tone of your voice... Everything was perfect. You could have just shown us your work and put a purchase link down in the description. You took +6hrs of your time to teach us noobs how to build something amazing. I am forever grateful. Thank you so much!
  • @user-ju9zv3gt4f
    Just finished this absolutely incredible tutorial. I'm a university student with absolutely no Excel experience, and yet this guide was straightforward, easy to follow and unbelievably thorough. I'm amazed that this kind of tool has been made readily available on the internet for free. Thank you so much for the time and effort you have put into this <3
  • @Levitator07
    Dude ! You gave a 6 hour tutorial on how to build this epic budget tracker ! This is unbelievable. Thank you so much. Youtube Excel GOAT moves !!!
  • I also highly recommend adding a Reoccuring column in your Budget Tracking sheet in between Details and Balance with a dropdown for Yes or No, that way you can see what subscriptions you pay for or Loan payments every month or year and decide if you still want those subscriptions and what not.
  • @AmeliaIsOn
    Wow, this gotta be the greatest Excel sheet I’ve ever seen. Can’t imagine how much time and effort you had to put into this and then you just share it with us for free 😮
  • @dinygoesglam
    TIPS bellow it took me so many days (around 10 days on my free time) but I managed to follow and create my own! I cannot believe what I've managed to do (with your guidance OBVIOUSLY!). I confess some of the explanations were a bit too advanced to my excel level but I am very happy with the result nevertheless. Thank you for being so thorough. If anyone is following, I have a couple of tips: make sure of all your spellings on the formula bar. I had to go back a few times because the result seemed to be initially correct (when the answer was blank) but it would give me errors when I expected to have something returning. Usually it was a typo on the formula itself. Also, create your tracking list within the expenses, for example, in the order of your importance such as "groceries" in the first line, "rent/mortgage" on the second, "hydro" on the third, and so on... I just entered randomly and it makes a difference when populating the doughnut chart. Same for the other ones too (savings and income), top to bottom importance. If I remember anything else I will come back to update this comment. Thank you!
  • I want to primarily thank you for this amazing work I call, "a piece of art." I'm an analytics consultant, and there were many functions you explained here that I never knew were possible with excel. I will be using a lot of these moving forward in the production of a lot of my dashboards. Very well made. I went ahead and followed your explanation step by step to create this document for myself and it works perfectly on my mac.
  • GUYS FINALLY I SOLVED 30:31 Min Row and Max row function For Min row -> =Row(Index(Income,1,1)) Max Row =ROW(INDEX(Income,COUNTA(Income),1))
  • @jackwu3733
    This is truly an ultimate personal budget tracker. Your generosity and patience to share such a detailed oriented 6 hours videos and valuable knowledge is highly appreciated!
  • @goingvenus5603
    Ok, this is seriously the BEST Excel video on personal budgets, period. 👆👍❤👆👍❤👆👍As a 35 year veteran Excel trainer and YouTube channel creator, I am absolutely floored by the incredible quality of virtually everything you've described here. I decided to create my own dashboard because the most popular money management applications have all gone into the cloud and I didn't want my information put at risk. Your gorgeous presentation with exquisitely thorough formulas and functions and elegant design elements makes this comprehensive tutorial a pleasure to watch but more importantly, a pleasure to actually use. Practical, yet so well designed that it really does provide an easy system that any one can use. I'm in awe of your skills. Coming from someone who teaches Excel up to the programming level. I learned so much even though I've used Excel since the very first version. Even your voice is perfectly modulated to make it easy to follow and understand though I did have to speed it up a bit - that's just because most of the techniques I already knew. 😊👏😊👏😊👏 EDIT: After walking through the whole video, I absolutely bought the template as a way to thank you for your work. 100% worth every penny!
  • @Taijo86
    Check mark symbol ✓ Arrow mark symbol ➜ Copy and paste if needed.
  • @Bullet_Tales
    Finally completed using Excel 2019 version. Took a few days, typo errors, and some formulas had to be corrected for this version. Totally worth doing yourself, to fully understand the how powerful this spreadsheet is and excel itself! Like to send shout outs to everyone in the comments that posted formulas or keyboard commands for excel versions 2019! Time to Execute this powerhouse Template......
  • @EvergreenLP
    Jesus Christ, all of that in a six hour video! You're a trooper! I can't imagine how long it took you, to plan such a huge project.
  • @LadySingingWolf
    I thought I was pretty good at Excel before this. I'm learning so much from this tutorial and I'm not even half way through! Thank you so much for putting this out!
  • @CM7016
    I have finally completed this beautiful masterpiece. Point to note is excel 2019 on PC generates an error if used as =SUM(FUNC.A * FUNC.B) But will work if only written as =SUMPRODUCT(FUNC.A * FUNC.B). All other formulas work splendidly. Thanks OP