![]() ![]() Transportation expenses, such as fuel, car payments, public transportation, and maintenance.Housing expenses, such as rent or mortgage payments, property taxes, insurance, and utilities.However, some common expenses that people often track include: There is no one-size-fits-all for the type of expense you want to keep track of because everyone’s financial situation is different. This is an example of our expense categories You can then use the data in the “Category” column to create graphs or charts that show how much money you are spending on each type of expense, allowing you to identify areas where you may be able to cut back or save money. This can help us keep track of our spending habits and create a more detailed and accurate budget of our monthly expenses. This tells us in-depth how much we expect to spend per item in our category, how much it costs, and the difference in price between our expected cost of the item versus the actual cost.įor instance, if we have a table of housing categories, we could use it to group expenses such as rent, utilities, and supplies. To Calculate the subtotal of the difference column: We want to use the formula sum(entire column of the sub-total categories). To Calculate the difference: We want to use the formula PROJECTED COST – ACTUAL COST. In the “Actual Cost” column, enter the amount you actually spend on each expense each month. In the “Projected Cost” column, enter the amount you plan to spend on each expense. For example, if you budgeted $500 for groceries but only spent $450, the difference would be -$50. In the “Difference” column, enter a formula to calculate the difference between the budgeted amount and the actual amount for each expense. In this category, We want a main category and sub-category with the following columns, which are “projected cost”, “actual cost,”, and “difference,” and at the bottom of the difference column, you want to sum the entire values. We need to create our expense categories now that we have our spreadsheet. Choose a location on your computer or device where you want to save the workbook, and then click on the “Save” button. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |