I've been doing this for years and it really helps. I use Google docs and I'll make a 3x3 cell with 3 categories: bills, essentials and excess. Essentials are the things you can't live without like groceries and gas, and excess is everything else like eating out and shopping. It's rigid, but it forces me to see my spending in a very cut and dry manner. I make a new document for each month so it's not as streamlined as your approach. A quick sidenote: since covid I've been saving upwards of 60% of my net income each month.
Really liked the content. Another way to say “beatify”, is organize the information. That’s basically what you did. Really helpful content. I had a general idea of how to make a budget, so it really solidified.
Glad to hear it, yes I love making things simple - I do believe that once beginners get into trying something, they'll be more likely to do it in the future
I do this with my students but make sure you include insurance, medical, internet. I also have students think of things that only pay for occasionally like gifts, travel, retirement, investment. Also check these against actual cost after a month.
Thank you for this template! I've been looking for something like this to get me started for awhile. I appreciate it! Also, maybe an interesting video would be around finance for self-employed/gig workers.. Things to look out for when budgeting, money to set aside for taxes, etc.
Thank you very much. Exactly what I need, simple, straightforward, without a lot of talking or time wasted. I really enjoyed this. Yours look a lot better than the one I did a long time ago.
I was searching for a video on how to create a budget sheet. Since I have already subscribed to your channel a while ago, this really helped me alot. Thank you and I will be watching your videos for more tips and information.
Great video! Been using the expense spreadsheet since the start of 2020 and has helped tremendously with saving my money and just understanding where the bulk of my expenses are going.
Game changing information, having just the slightest sense of your income - expenses can relieve so much stress and instead produce a strongsense of control over your life. Keep up the great work!
Hey, really interesting, and good to see that I'm not alone doing this... I personally also created a sheet to plan my investments and projects, it's easy to add with this kind of budget sheet.
Just subscribed, good luck with your RUclips career! I plan to start one too that follows my investing journey. Just started investing with M1 last month!!
thanks for all of these great videos, such an inspiration to get finances in check! could you do a video on how to use google sheets shortcuts and such (those adding functions and adding up cells, etc.)? a basic one would be so great i think!
Hi Humphrey! Thanks so much for this amazing personal budgeting template using google sheets. Your communication style is stellar and easy to understand. I as so grateful that I've stumbled upon your RUclips Channel! I'm hooked & you're awesome! 👍📊🧐
exactly what I was looking for! Thank you. If you could do a part 2 on how to "add up" all categories of transactions over all the cards, that would be super cool.
Should make a new vid if you havnt already on doing this in conjuction with a google form so people can link a form to the phone as EXPENSE and INCOME that way they dont need a separate app and can even capture receipts/invoices in the same form. Cheers
Great video! To get started, should I begin by inputting January income and expenses or delete your numbers through July and start by inputting August income and expenses?
Thank you for this! Very helpful and I will use it once I’m done with school. Quick question though. If you put money into savings say $5000 but then you buy a car for $5000 where do you put that expense? It would obviously be greater than your net income but bc the money came from your savings is there a separate section you use for bigger purchases?
What's a PLN? I'm totally new to budgeting and pretty financially illiterate. Otherwise, this video is very helpful!! I just have one other question, why budget monthly if you're being paid fortnightly?
Hey mate, when I make a copy of the budget template to my account, it appears with only jan and feb? whereas the preview template has jan through dec. How do I download the template and keep all the months?
Do you have advice for using an excel sheet as a way to track all the specific purchases you make? That’s what I’m currently doing instead of using a check register or something like that and I feel like it could be a bit more organized.
I am not sure there is a way other than typing everything in manually which seems like a pain. I do use a Spending Tracker app called "Spending Tracker", and the pro version lets you export all the data. You could try something like that, an app that automatically exports your line by line transactions - a lot of credit cards have this type of report as well. Sorry I couldn't be of more help!
Hey Humphrey, great video first of all! The question is do I have to manually retype for the rest of the months? I want to set up my expense sheet but for the whole year. I dont know much about Google Sheets so I may just lack the knowledge. I tried to copy and paste but the numbers did not reflect.
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this is exactly what i’ve been looking for! more people definitely need to see this. you are a personal finance hero, thank you :)
I appreciate that! I'm glad it was helpful for you
Thank you Humphrey! 4 years later and this video is still helping young people such as myself understand their finances in a better way.
Your videos ground me to reality, and remind me that I need to take more responsibility with my expenses. Love this type of content.
I've been doing this for years and it really helps. I use Google docs and I'll make a 3x3 cell with 3 categories: bills, essentials and excess. Essentials are the things you can't live without like groceries and gas, and excess is everything else like eating out and shopping. It's rigid, but it forces me to see my spending in a very cut and dry manner. I make a new document for each month so it's not as streamlined as your approach.
A quick sidenote: since covid I've been saving upwards of 60% of my net income each month.
That is a LOT of savings, good on you my man. Also thanks for the comment
This is the only budget that makes sense to me! The other ones are structured so weirdly. Thank you!!!
Really liked this one as especially I'm starting to be an adult! Thank you!
WOOHOOO
Excellent video, Humphrey. Just what I was looking for. Thanks so much for the GS template. I will definitely be using it🙏🎉🎉
Really liked the content. Another way to say “beatify”, is organize the information. That’s basically what you did.
Really helpful content. I had a general idea of how to make a budget, so it really solidified.
Thank you, glad to hear it helped!
Thank you for sharing your spreadsheet. I appreciate the time you are taking to teach me and others. I enjoy how simple you make things.
Glad to hear it, yes I love making things simple - I do believe that once beginners get into trying something, they'll be more likely to do it in the future
Follow you on Tik Tok, so when I scrolled to this YT video I knew it would be clear and approachable. Subbed!
I do this with my students but make sure you include insurance, medical, internet. I also have students think of things that only pay for occasionally like gifts, travel, retirement, investment. Also check these against actual cost after a month.
Thank you for this template! I've been looking for something like this to get me started for awhile. I appreciate it! Also, maybe an interesting video would be around finance for self-employed/gig workers.. Things to look out for when budgeting, money to set aside for taxes, etc.
Hey Humphrey! I’ve been a long time user of Google sheets /docs. Thanks for the content my friend 🙏✌️
That’s awesome!! Thanks for your comment Sam. I’m glad to hear it
Thank you very much. Exactly what I need, simple, straightforward, without a lot of talking or time wasted. I really enjoyed this. Yours look a lot better than the one I did a long time ago.
I was searching for a video on how to create a budget sheet. Since I have already subscribed to your channel a while ago, this really helped me alot. Thank you and I will be watching your videos for more tips and information.
Literally only needed a template.
Second video, 0 bullshit, right in your description. Thank you.
Great video! Been using the expense spreadsheet since the start of 2020 and has helped tremendously with saving my money and just understanding where the bulk of my expenses are going.
Awesome man I am happy to hear that.
Game changing information, having just the slightest sense of your income - expenses can relieve so much stress and instead produce a strongsense of control over your life. Keep up the great work!
Sending this to my 18 year old son. 👏👏👏 Thank you ☺️
Hi Humphrey, thank you for sharing and teaching these easy to use steps for building a budget. It came at a perfect time in my life.🙏🏾
This is one of the best budgeting video I have seen… Never thought I can keep track of my budget so easily.. Thanks for sharing the template.
Thank you I appreciate you for doing this I am being more responsible with my money.
As an 18 year old trying to save money this video was very helpful, I will deff be sharing this video with my friends.
Awesome! Thank you! Glad it helped you Andrea
Loved it. It be great if you could zoom in on what you're typing.
Thank you for getting straight to the point and not overly complicating this process like so many other channels. Well Done. I have subscribed :)
great video, really helped with the formatting of my own expense sheet
When you had months to the left-hand column, does the right hand side update as well that would be great
Really enjoyed the simplicity you made this video … can you make another video adding savings (goals)to the sheet?
Thank you very much! Now I need to figure out how to do a separate tab for Daily expenses. hehehe
If you only see the first 2 months in the spreadsheet, check the tabs at the bottom. You will see a full 12 months
I like this. I'm big on budgeting
Hey, really interesting, and good to see that I'm not alone doing this... I personally also created a sheet to plan my investments and projects, it's easy to add with this kind of budget sheet.
Awesome Nicolas, thats great to hear. Yeah I have one for my projects as well, I just love tracking things and seeing how they progress over time.
Thanks Humphrey, easy. efficient. manageable. Mahalo!
This was so helpful to just look into my own expenses.
Excellent budget template! easy to use perfect for gettin a grip ones finances .....Thank You!
❤ Thank you so much for showing me and the template.
Just subscribed, good luck with your RUclips career! I plan to start one too that follows my investing journey. Just started investing with M1 last month!!
Welcome aboard! thanks for being here Hai
thanks for all of these great videos, such an inspiration to get finances in check! could you do a video on how to use google sheets shortcuts and such (those adding functions and adding up cells, etc.)? a basic one would be so great i think!
This was great! Thank you for sharing, it was very helpful.
Hi Humphrey! Thanks so much for this amazing personal budgeting template using google sheets. Your communication style is stellar and easy to understand. I as so grateful that I've stumbled upon your RUclips Channel! I'm hooked & you're awesome! 👍📊🧐
You are so welcome!
Awesome, thank you so much
You saved my account!!!!.... i always had some money missing which i couldn't track....! thanks a lot :) :)
exactly what I was looking for! Thank you. If you could do a part 2 on how to "add up" all categories of transactions over all the cards, that would be super cool.
I'm glad it was helpful for you! - I may consider that video idea in the future, thanks!
Very well done. Precise, articulate, and informative! Thanks!
You’re welcome!
Thanks very much!
Thank you very much.
Thanks dude!
Its crazy that after three years hes at a million subs
very nice spreadsheet. im using it. thanks
Thank you.
I’m watching all your videos 😂 lol I GOTTA GET RICH. Great content you’re a great person.
thank you SOOO much!!!!!
Thank you!
Hey man, great video! I'm gonna have a go at your spreadsheet
I like this video. It was simple, clear, & right to the point. & it wasn't too long either. :)
Glad you liked it!!
great stuff right here
Should make a new vid if you havnt already on doing this in conjuction with a google form so people can link a form to the phone as EXPENSE and INCOME that way they dont need a separate app and can even capture receipts/invoices in the same form. Cheers
Greetings,
"If you do any grocery shopping?" ...
Cheers
Woop! Just what I needed. Thanks 🙂
Absolutely amazing thanks for sharing but one question how can I copy and paste
Great video! To get started, should I begin by inputting January income and expenses or delete your numbers through July and start by inputting August income and expenses?
please show how to add extra line in template
Nice video. Love the budgeting ideas! 👍
Thank you for this! Very helpful and I will use it once I’m done with school.
Quick question though. If you put money into savings say $5000 but then you buy a car for $5000 where do you put that expense? It would obviously be greater than your net income but bc the money came from your savings is there a separate section you use for bigger purchases?
You can create a separate section for bigger purchases that deducts from your savings only. If that makes sense?
I love watching Google beg for digits
Exactly what I needed!!!
You rock thank you
Thank you for this!
What if I want to change dollars to for example SEK/kr???
Great but the spreadsheet only has two months... I don't know how to finish it.
What's a PLN? I'm totally new to budgeting and pretty financially illiterate. Otherwise, this video is very helpful!! I just have one other question, why budget monthly if you're being paid fortnightly?
I think he is saying P & L. It means profit and loss statement. Most businesses do this. He is saying to keep track like they do.
Really fantastic video man
Dude! Thank you. Any videos you’d like to see in the future?
3:31 ''groceries, if you do grocery shopping'' Unless you're piss rich, you should be doing grocery shopping instead of eating out lol
Hey mate, when I make a copy of the budget template to my account, it appears with only jan and feb? whereas the preview template has jan through dec. How do I download the template and keep all the months?
If you only see the first 2 months in the spreadsheet, check the tabs at the bottom. You will see a full 12 months
Great video!
Thanks Chris! Let me know if you have any other videos you'd want to see. I want to ensure I'm making videos that are relevant for you guys
So helpful. Thank you!
Glad it was helpful!
Do you have advice for using an excel sheet as a way to track all the specific purchases you make? That’s what I’m currently doing instead of using a check register or something like that and I feel like it could be a bit more organized.
I am not sure there is a way other than typing everything in manually which seems like a pain. I do use a Spending Tracker app called "Spending Tracker", and the pro version lets you export all the data. You could try something like that, an app that automatically exports your line by line transactions - a lot of credit cards have this type of report as well. Sorry I couldn't be of more help!
Do you have a budget sheet for a couple? I would love it!
It would be even better if you’d do a dashboard from that data 😊
It kinda looks like a receipt... I just add color to the boxes
am i able to save the format to automatically do it on a new spreadsheet?
Do you have any receipt scanning advice
Hey Humphrey, great video first of all! The question is do I have to manually retype for the rest of the months? I want to set up my expense sheet but for the whole year. I dont know much about Google Sheets so I may just lack the knowledge. I tried to copy and paste but the numbers did not reflect.
This was great !!!
Very informative
Glad it was helpful!
Appreciate you.
Would you include credit card debt??
How has ur budgeting habits changed over the last 3 years?
thanks!
You bet!
I like this. I can just go on google docs after a purchase and track it. MyFitnessPal for my wallet
Yes! Perfect :)
is that program available on Mac?
#FeedTheAlgorithm
Yes. Plz. :D
The easiest thing you can do is just write it down or type it in notes
Does it matter what month you start at?
Definitely not, start at any month you choose. Since it's May right now, you can start to build a budget for June 1!
$800 savings..lol. I wish!
Easy man you got it
👍👌
You rush so fast through the Sum process when you add it all up, that I don't understand what you are doing.