My super simple budgeting system

We may earn money or products from the companies mentioned in this post.

I’m an avid proponent of budgeting (firmly disagree with whoever made this video), but I understand that sometimes it can seem overwhelming to start. That’s why I thought it’d be a good idea to share the financial trackers I currently use in the hopes of giving those lost a good starting location. I use a simple combination of a mobile app and an Excel spreadsheet for my financial tracking purposes.

Excel budget

This file serves as the motherboard for my personal finance needs. I create a new one every month and have them saved under the Finances folder on my computer.

Each month has an identical layout with many tabs,

but the most important is the “Budget” tab:

I’ve blocked out some numbers and descriptions, but essentially this is where I keep track of my cash inflows and outflows (I’ll update the Actual column every few days as expenses come in, just to make sure I’m not being overcharged). These are usually all recurring expenses, like my phone bill and Netflix, which I’ll roll over from month to month. My savings contribution (labelled “TFSA” this month) is a plug based on how much money I want to keep as “Spending money” at the end of the month. In addition to a spending fund, you’ll notice I keep some others: a Groceries fund, a Dating fund, and so on. These relate to more day-to-day expenditures that I think would be too much of a hassle to keep track of on a formal Excel document, so I use…

Mobile application

I’m an iPhone user, so I use the Expense app to keep track of my funds. I’m not sure if this is available for Android users, but it has very basic functionality so I’m sure you can find one similar on Android phones. Essentially it allows me to create several different accounts, and fund them by adding money in, taking money out, or transferring money in between the funds. This way, when I’m out and about, I just plug in the expenditure onto my Expense app without having to worry about keeping the receipt and plugging it into Excel later.

Let me know in the comments below if you found this post helpful! Budgeting doesn’t have to be a tedious thing – I don’t spend more than a few minutes each month on it – but it can help you sleep better at night knowing you’re on track in your financial journey.

RELATED: Credit cards and credit scores: everything you need to know


  1. Have you ever considered writing an ebook or guest authoring on other blogs? I have a blog centered on the same ideas you discuss and would really like to have you share some stories/information. I know my subscribers would enjoy your work. If you are even remotely interested, feel free to shoot me an email. Nikaniki Norbert Sky

  2. Admiring the time and energy you put into your site and detailed information you offer. It’s good to come across a blog every once in a while that isn’t the same unwanted rehashed information. Fantastic read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

  3. You made some decent points there. I appeared on the web for the problem and found most people will associate with with your website.

  4. Can I simply say what a relief to find someone who truly knows what theyre speaking about on the internet. You undoubtedly know find out how to deliver a difficulty to mild and make it important. Extra folks must read this and perceive this aspect of the story. I cant consider youre no more well-liked because you undoubtedly have the gift.

  5. That is the suitable blog for anybody who wants to seek out out about this topic. You understand so much its nearly onerous to argue with you (not that I truly would want匟aHa). You positively put a new spin on a topic thats been written about for years. Nice stuff, simply great!

Leave a comment

Your email address will not be published. Required fields are marked *