How to create Ultimate Personal Budget in Excel

How to create Ultimate Personal Budget in Excel

This Excel tutorial teaches you how to create the ultimate Personal Budget template in Excel that covers every step from a zero-based multi-period Budget Planning through an intuitive Budget Tracking up to an interactive Budget Dashboard to constantly monitor and evaluate your personal budget performance. This Excel template enables you to not only keep track of your budget for ongoing periods and analyse your budget performance of passed periods, but also to pro-actively take control over your personal finances by planning your months and years ahead with almost zero effort.

The template covers every possible aspect required to get full control over your personal money-flows and comes with a number of features that are particularly designed to address real-life issues, like the planning of inconsistent money-flows like yearly, quarterly or monthly-changing income, expense or savings categories or the option to automatically treat late income (e.g. paycheck at the end of the month) as disposable income for the next month.

The interactive Budget Dashboard is the heart of this template as it comprises both the planned and tracked budget data in an incredible smart and powerful way. It is driven by one of the most powerful composition of calculations and sets new standards in terms of interactive data visualization and UX/UI design in Excel.

*Tutorial Outline*
00:00:00 Demo
00:16:26 Budget Plan Setup
01:08:25 Budget Tracking Setup
01:54:56 Dashboard - Initial Setup
02:11:04 Dashboard - Breakdown Section
03:55:39 Dashboard - Category Distribution Charts
04:33:46 Dashboard - Tracked vs. Budget Chart
05:31:02 Dashboard - Performance KPI Tiles
06:03:38 Finishing Touches

*Resources*
Color Palette: F0E936, 40D492, F9B710, FE1684, 9237BC, 4633F2, 3285F3, 1DD7F3

*NOTE:* This video has been produced for educational purposes as I want to have my community benefit from freely accessible training material. You are free to use the knowledge provided for your own personal or business-related projects. However, the reproduction, copying, and general reuse of the video or republishing of the creative process demonstrated is not permitted. Furthermore, the unauthorized redistribution of the final template or any sort of derivate of the template (for commercial gain or without a proper license) is not permitted. A violation thereof is considered copyright infringement and is subject to legal actions.

*DISCLAIMER:* I am not a financial advisor. Nothing said in this video is financial advice. This tutorial is solely about the technical creation of a powerful personal finance tool in Excel.

#excel #personalbudget #dashboard

[JRon_Music]

Putting excel on my resume as a skill at this point

[girishkumar]

Spent 2 days, My eyes are now burning but I completed it, thanks for this awesome video

[zxszuor]

I can't imagine the amount of time it must have taken to make this entire 6 hour video as soon as it was. Your explanations were so clear and you didn't skip any step. Some people will assume that some things are common knowledge in excel and will skip over it and that will ultimately lose some viewers. This was really an amazing dashboard and incredible video. I learnt so much, not just about excel's capabilities but also being detail-orientated so make sure everything is nice and standardised creates a beautiful end result. You're one of the people the world needs - people who share their knowledge generously. Thank you.

[Hibari]

This is unbelievable.
I was thinking of buying your template at first, but then I wanted to see how it works so I took the tutorial. Now that after +20 hours I'm finally done, I'm thinking of buying it just for gratitude. Thank you for this, I really appreciate the effort of putting this video together.

[tafzekid]

I followed this tutorial from A to Z. You, sir, are an absolute genius. The way you know your thing, the time you took to break down every single step, the tone of your voice... Everything was perfect. You could have just shown us your work and put a purchase link down in the description. You took +6hrs of your time to teach us noobs how to build something amazing. I am forever grateful. Thank you so much!

[BloodGambit]

for those who have the problem with the formula for total 36:43, here is the solution -
the problem is that after min_row/max_row we need ";" not "', " also in the beggining we need "=sum" if you get value in the cell. Amazing tutorial man, thanks!

[juzvgtf]

Just finished this absolutely incredible tutorial. I'm a university student with absolutely no Excel experience, and yet this guide was straightforward, easy to follow and unbelievably thorough. I'm amazed that this kind of tool has been made readily available on the internet for free. Thank you so much for the time and effort you have put into this <3

[jackwu]

This is truly an ultimate personal budget tracker. Your generosity and patience to share such a detailed oriented 6 hours videos and valuable knowledge is highly appreciated!

[fadedgames]

I want to primarily thank you for this amazing work I call, "a piece of art." I'm an analytics consultant, and there were many functions you explained here that I never knew were possible with excel. I will be using a lot of these moving forward in the production of a lot of my dashboards. Very well made. I went ahead and followed your explanation step by step to create this document for myself and it works perfectly on my mac.

[exoddus_]

Wow, I can't thank you enough for creating this tutorial! 🌟 After countless searches, I stumbled upon your video, and it's been a game-changer in helping me build my interactive personal budget. Your explanations were clear, step-by-step guidance was spot-on, and the result is a budget that not only makes sense but is also tailored to my needs. Your effort in putting this together is truly appreciated, and I'm now feeling more confident and in control of my finances. Kudos to you, and please keep sharing your wisdom! Cheers!

[financialanalyst]

GUYS FINALLY I SOLVED 30:31 Min Row and Max row function

For Min row ->
=Row(Index(Income, 1, 1))

Max Row
=ROW(INDEX(Income, COUNTA(Income), 1))

[miguelhidalgo]

Wow! I can't say enough WOWs! I have built dashboards for the last two years, and admittedly, this design tops everything I have done or seen! I have been following your templates for a few years and can see remarkable advances, not only in the design but in the overall presentation which is clear and concise. The price to get a template and a demo template is insanely affordable. I saved hours in time of effort and in thousands of dollars. KUDOS!

[alexanderquilty]

I also highly recommend adding a Reoccuring column in your Budget Tracking sheet in between Details and Balance with a dropdown for Yes or No, that way you can see what subscriptions you pay for or Loan payments every month or year and decide if you still want those subscriptions and what not.

[mrmikeroff]

When 3 hours in you expanded the selection and was like "we will need space to get this task done" I audibly gasped. Here's to hoping I can get this done! Really am enjoying the verifiable onslaught of excel knowledge; as someone who isn't professionally trained, I'm enjoying learning about these new functions and what excel can do!

[nsbgwiw]

Wow, I can't thank you enough for creating this tutorial! After countless searches, I stumbled upon your video, and it's been a game-changer in helping me build my interactive personal budget. Your explanations were clear, step-by-step guidance was spot-on, and the result is a budget that not only makes sense but is also tailored to my needs. Your effort in putting this together is truly appreciated, and I'm now feeling more confident and in control of my finances. Kudos to you, and please keep sharing your wisdom! Cheers!

[rea_keebz]

i've had a personal finance spreadsheet for a few years now while i was a student, but since i'm finally earning a proper income i wanted to "up my finance game" so to speak and this video was perfect! you explained things so clearly that i was able to incorporate exactly what i needed into my own dashboard, and i learned a bunch more excel tips along the way to make my existing spreadsheet more functional/efficient. thank you, thank you, thank you; and well done, you did an amazing job!

[alisonzhang]

This is the first video of yours I’ve watched since I’ve been looking to up my budget template game! I just want to say, I went and actually built what you did here and it works amazingly! So functional and so many interesting ideas to do things I’ve never thought of doing before- thank you so much for posting such a detailed and thorough tutorial, it was super easy to follow and you explained everything perfectly

[Kevin-bznt]

The best video for personal budgeting I have seen so far. Even learning many new things in Excel. Thank you so much!!! Even as a Finance major, I could have never created this clever worksheet.

[nunodolgner]

I am still in the middle of the tutorial but I really want to share some feedback. In first, huge congratulations for the amazing project you created here. You tackle all the complexity through your clear explanations and that (even in 0.75 speed 😅) is truly amazing. As I read in other comments, I've never learned anything that complex in excel but I am continuously thrilled each day to keep going and following a few more minutes until the end. Thank you very much for this class, this is actually "a piece of art". The way you tackle the situation by work around with rows and names references, that is top-notch. Congrats again!!

[CarlosArruda]

Never did I thought I'd be looking at an over 6h long video about Excel untill I saw this one. The logic in this, the way you think it through, the formulas you have used it's just absolutely mind blowing. I have absolutely loved it and it has taught me a lot. Thank you for a tutorial well put.