Easy Budget Tutorial 2024 | Budget Spreadsheet GOOGLE SHEETS

💌 READY TO BUDGET?

I'll walk you through our free Google spreadsheet template for crushing financial goals. In eight steps, we'll cover income, expenses, sinking funds, and more. Download the template from the link above, subscribe for tips, and let's start your journey to financial freedom!

0:00 Intro
1:00 Editing the template
1:35 Financial Inventory
2:08 Fixed Expenses
3:00 Yearly Glance Table
8:50 Example Monthly Budget
12:30 Setting Up Sinking funds
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[amyrvlogs]

Love this new template! Thanks so much for creating it! Cannot wait to use it!

[nikkineal]

I downloaded this just now and started filling it out. It is so helpful!

[danielled]

Justine, just wanted to add that I think it would be an excellent idea if you dedicated another video just focusing on sinking funds and how you would incorporate them into this spreadsheet with different scenario examples. Let's say your payment that needs to come out this month is coming out of a sinking fund but the amount that is coming out is more than what you have in your sinking fund balance. For me, I create a separate line item for the amount that goes over my sinking fund balance. How would you do that? Maybe explain how your beginning sinking fund balance is set in your "Actual" column. What do you do if you used up your sinking fund balance and need to start saving in it again? You'd have that in the "Future" bucket. Can you do a video like that which helps people understand how to use their sinking funds with this sheet with different types of scenarios? Then explaining how the sinking fund balance that is being used in the month would need to be added to the current month income so everything balances out. That would be a great video! Editing to add: Also including additional info in the notes on Planned/Actual Income to include any sinking fund balances you plan to use this month would be super helpful! It would help people understand more on what to do with their sinking funds. I figured it out, but it wasn't super easy. :) Here is what I changed/added to the notes under the "Planned Income" cell for myself to make it less confusing. "Estimate how much income you *think* you will bring in this month. Include any sinking fund balances here that you will be using this month and place it in the Planned/Actual column for that sinking fund expense line. Any overage expenses beyond the sinking fund balance will go in a separate expense line item. Any further savings going into the sinking fund should be in the "FUTURE" section."

[ncllld]

I started this in Oct 2023 and added my own pie chart to the monthly budget! Love that you have since added that! However, the pieces of the pie are only the main categories so it's not so overcrowded looking and I am able to see the values without having to hover. Thanks so much. It is a life changer and I love that it is NOT "scorched earth". I always thought that's what they all were like. This is so doable and so stress relieving. :)

[shay]

Thank you for the templates and tutorials! I'm mid-twenties with a full-time retail hourly position, and I'm lucky enough to have had very minimal expenses since I started working. I've always been more money-conscious than my peers, with growing savings every month and retirement fund contributions set up already, but I noticed this financial stability was making me careless with my spending (restaurants, concerts, hobbies, etc...) and I didn't have a real budget outside of my fixed expenses and savings goals.

These spreadsheets and tips will 100% help me stay intentional and organized, thank you! I'm sure future-me will be glad :)

[forwhat]

I have been looking for a template and found this on another one of your vids and was so excited that there is a tutorial along with the FREE template! This vid was so easy to follow. Working on my spreadsheet now!

[allisbookishadventures]

I started using this in January 2023. I love it. I used the 2023 template a couple months ago and set up my 2024 budget for the new year, but I might switch to the new template, I'm not sure yet.

[cosamagrande]

This will be my 3rd year using and each year I have gotten better !! Thank you for this amazing tool!!! Still working on lowering my eating out expense :(

[lindsayjenkins]

Thank you I use thin in my Economics HS Class!!

[JasonCC]

Question. I have work related expenses that get reimbursed. Do you have any tips on how to record those transactions? Thank you so much for the sheet, I think it's going to be great!

[ReneeThompson-moqj]

❤this I would love to get a copy of the 2023 budget template please.

[theodosiamora]

I’m hoping to start using it next month. 🎉

[NeverGottenTimes]

How do you handle roll over money going into the next month? For example, I have money from January that is going to cover my Feb mortgage payment on the 1st but I still need to contribute money to my mortgage to cover the next month (March). I understand running totals but how do you keep track of running totals with a starting balance?

[clairefernandez]

hello! how to download the free template? thank you!

[Kevin.Andrews]

Could not find the link to download the template it at first. Usually you see the link in the description. Figured out you have to go to her website and sign up for it. Then you will get an email with a link to make a copy. Thanks. K

[canbeecrafts]

I love this! I just started using this ❤️ how do we add in an extra line for a category though? For example, like I want to add another line in “Future”?

[katelynejmont]

You can invest to plan your new year 2024

[gdubya]

I work two FT jobs, while my wife works FT as well at hers. One is being a custodian at my kids' school. Won't be able to work during Spring Break, Summer, etc, as my other job i work overnight and they want people to work during the day. Anyways, since my hours there will vary, then how would i budget around that? Thanks!

[channelinchelsea]

Hi Justine, HNY! I'm new to your channel and love your content. Is there an updated link to the budget toolkit? The one that just came to my email after subscribing doesn't have the updated "Financial Inventory" sheet.

[guardtoons]

Can I insert rows without messing up the formulas?