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How to create a simple budget in Excel

When you are new to using Excel you can start by creating a simple budget or just simply adding a list of figures to show what Excel can do. Below I will show you step by step how to create a simple budget.

 

  1. Create a list of all your expenses or all your earnings. See the example below.

Simple budget - excel 2007

  1. Under all of the expenses or earnings in this case; type ‘=’ in the box.

total of column - excel

  1. Then click on the first earning. For example if I clicked on $20.00 that is listed next to Monday and the cell coordinates will be entered after the equals sign. So therefore each box I click on will be added to this automatically.

  1. After the first entry put a ‘+’ or ‘-‘ to either add or subtract. In this example I will put a plus sign because I want to add all of the figures together.

cell location - excel budget

  1. Repeat the last two step until you have done all of your expenses/earnings. Go back and put a plus sign, then click on another cell location that you want to add.

Simple budget - add up

  1. Finally push enter and the total will appear.

Total a column in excel

If you wanted to subtract your expenses from your earnings you would simply click on the box where you want the answer to go, type an = sign then click on the total of your earnings, type a minus sign, then click on the total of your expenses. This will take your expenses away from your earnings.

 

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About the Author

 

Jarrah Mclardy wrote this article and others for tips4pc.com  Browse for more articles that are written in an easy to understand way. Also see our very popular Video Tutorials page. Watching a video is a very easy way to learn about computers.

I hope you've found this tutorial clear and easy to understand. If you have more questions, feel free to visit our FORUM and we'll be happy to help.

 

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