![]() You can create a progress chart to color in every time you manage to bring your debt balance down. Gamifying your finances can also be an effective strategy. Then she would do the same in March and so on until she’s learned how to keep her spending on those random little things at a safer level. While a more realistic budget may need to be drawn to accommodate this spending, it would also useful for her to try to bring down her spend in February. In our example, the sample user went way over on “Misc.” expenses in January. Compete Against YourselfĬompetition can be an extremely useful motivator, but we know it can be hard to disclose your financial situations to your friends or family members–nonetheless openly compete with them for financial positioning. Now that you can see the strengths and weaknesses of your financial situation visually, you can start implementing different strategies to make things better. Seeing this data might not be super fun, but it is an important step in understanding your money. ![]() You’ll be able to see not only the categories where you’ve spent the most, but also the individual company you’ve paid the most to. If you’ve found yourself in this scenario, you’ve definitely spent more than you brought in and are probably in some type of debt. ![]() Pretend the right bar in the “Income vs Spending” chart is higher than the one on the left. Here, you’ll be able to see graphics and charts which display how this year has been going for you financially. The final tab all novice Sheets budgeters should check out is the “Yearly Insights” tab. Now that you’re starting to get a better picture of how you spend your money and bring in income, you’re ready to delve in a little deeper. For example, it might shock you to see how much you’ve spent on subscription services it seemed innocent enough when you signed up for that free trial! Here, you’ll be able to easily assess if you’re on track with income goals or have a spending area that’s routinely a problem month after month. If you want a more holistic picture, slide back to the “Yearly Budget” tab. ![]() Otherwise, you risk pulling numbers from the wrong time period. Pro tip: Is your information not showing correctly in the “Monthly View” tab? Double check that you have the correct month and year selected at the top of your Sheet. If it’s red, you’re going to need to sit down and figure out where you’re going to come up with the extra funds. If that number is green, you’re good! You have money leftover this month. Open the “Monthly View” tab to see how you’ve been doing on your budget this month, including a budgeted and actual cashflow number. All the numbers from here on out should auto populate. Check Your Cashflow and Track Your ExpensesĪfter you input all your data, you’re ready to check on the bigger financial picture. Hop over to the “Categories” tab to customize your categories and set your monthly budget numbers. Once you’ve imported all of your transactions, make sure they’re categorized correctly, making adjustments as needed. You should then be able to import that data into your Google Sheet. Tiller automatically imports your financial data directly from your financial institution, making this process a breeze, but you can also download your transaction data from your financial institution as a CSV file.
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