I’d recommend learning the following formulas: VLOOKUP You’ll be able to manipulate your data more easily with a mastery of these formulas and display it in new ways for a more sophisticated understanding of your finances. There are a few other key formulas that are worth investing time in. Leverage power of more advanced formulas in your Google Sheets budget template the range of values you want to sum) first, and then all your different conditions. The SUMIFS function is slightly different, because you specify the sum range (i.e. So a real example would look like this, where we test column A for “Coffee/Bites” and only add values from B to the total for rows that match: =SUMIF( range to test, test criteria, range of values to sum) You’ll probably also find yourself using AVERAGE, MIN and MAX, which are again, easy to understand.Īnother one you’ll probably want to use in your Google Sheets budget template, and one that often trips people up, is the Percentage change formula, so let’s run through a quick example of that. It goes without saying that you’ll use the SUM formula in your budget templates, and I won’t insult your intelligence by covering that. The upfront effort pays dividends down the line when you have a clear conscience knowing what you’re spending and how you compare to your budget. Quickly update your transactions, tweak your categories, modify a chart and, most importantly of all, understand and glean insights about your finances. And that’s the beauty of this whole process. However, once you have your template, it’ll then only take a few minutes each day to keep on top of things. Anything from an hour for a basic template, up to perhaps a day or two to build something complex. Ok, so building a template is going to take some time up front. Here are some ideas: credit card spending/budget templates, student loan tracker, mortgage payment tracker, stock portfolio tracker, household budget templates, childcare costs,….etc. You’ll be better served by creating a single, focused Google Sheet that solves one problem for you. Then build yourself a Google Sheet template that will do that for you (for example a Sheet showing your credit card transactions broken down into different categories).ĭon’t try to create one giant spreadsheet to track everything (at least not initially). Work out what would help you achieve that goal (for example being able to see how much, and where you spend your money each month). Putting aside spreadsheets, and tracking, and expenses for a moment, ask yourself what it is you’re trying to do (for example, maybe you want to pay off a student loan as quickly as possible, or reduce your credit card spending each month because it’s too high! ?). Before you build, consider your whyīefore diving into the thick of it, and getting lost in your transactions, fancy formulas or complex charts, it’s worth spending some time thinking about why you’re doing this. Here are 10 tips for creating a Google Sheets budget template: 1.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |