Skip to content

8. Develop a Budget Wrap Up

Playback Speed:
Transcript

In this activity, you created a spreadsheet to track and categorize monthly expenditures from a fictitious bank account.

You can use a similar spreadsheet to calculate your own expenses.

Costs often add up quicker than you think!

For example, spending 4 or 5 dollars a day on coffee or breakfast at the drive-thru might not seem like much at the time.

But by the end of the month, that’s nearly 100 dollars for breakfast!

Using a spreadsheet to categorize and account for your spending helps you make better financial decisions.

By being aware of your spending in each category and cutting back on a few expenses, you could save hundreds of dollars a year!

You can copy the spreadsheet you created in this activity and paste in your own banking statement each month.

The spreadsheet will automatically complete the same calculations and create visualizations for you.

Some apps that perform similar tasks and return similar information.

By making your own spreadsheet, you have essentially created your own app, where you control the data.

You can name your own categories, sort your spending in ways that work for you, and update the spreadsheet whenever you’d like.

Organize the data in a way that allows you to make the best decisions.

Have confidence that you can create whatever works best for you!

Next