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  • Personal Budget Template Powered by ICEA LION

    Uploaded by

    EddyOmburah
    34 views7 pages
    1. The document provides instructions for filling out a personal budget template to track expected and actual income and expenses over a month. 2. Users are instructed to only modify highlighted cells, add specific line items, populate projected costs in advance and actual costs after the month, and capture all costs and expenditures to analyze spending habits. 3. The template includes sections for income, monthly balance, expenses categories like housing, utilities, food, and others, as well as charts to compare expected vs actual spending.

    Original Description:

    Template

    Original Title

    Personal Budget Template Powered by ICEA LION (1)

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    1. The document provides instructions for filling out a personal budget template to track expected and actual income and expenses over a month. 2. Users are instructed to only modify highlighted cells, add specific line items, populate projected costs in advance and actual costs after the month, and capture all costs and expenditures to analyze spending habits. 3. The template includes sections for income, monthly balance, expenses categories like housing, utilities, food, and others, as well as charts to compare expected vs actual spending.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    34 views7 pages

    Personal Budget Template Powered by ICEA LION

    Uploaded by

    EddyOmburah
    1. The document provides instructions for filling out a personal budget template to track expected and actual income and expenses over a month. 2. Users are instructed to only modify highlighted cells, add specific line items, populate projected costs in advance and actual costs after the month, and capture all costs and expenditures to analyze spending habits. 3. The template includes sections for income, monthly balance, expenses categories like housing, utilities, food, and others, as well as charts to compare expected vs actual spending.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 7

    INSTRUCTIONS:

    1. Only fill out fields highlighted in grey. Try not to alter cells containing formulars.
    2. The categories are a guide. You can create line items for expenses that are specific to you by editing "(Add Item)".
    3. Projected costs should be populated in advance to help you plan how to allocate your funds for the coming month.
    4. Actual costs should be what was eventually spent on the particular item, and should be populated immediately.
    5. Transaction costs, and/or delivery fees should be captured in the your actual cost
    6. Fixed costs should be settled from the expected income. Any additional income can be used to settle any excess ne
    wants
    7. Be as specific as possible to capture all expenditures; This will give you a clear view of your spending habits and le
    PERSONAL BUDGET TEMPLATE- POWERED BY ICEA LION

    Description Projected
    Expected Income (eg. Salary) 300,000.00
    Additional Income (eg. Sacco Dividends -
    Total Income 300,000.00

    Monthly Balance 300,000.00

    ITEM Description Projected


    HOUSING
    Mortgage/Rent
    (Add Item)

    UTILITIES
    Electricity
    Water
    Gas
    Internet
    Cable Tv
    Maintenance
    Supplies
    (Add Item)

    FOOD
    Groceries
    Dining Out
    Herbs

    LOANS
    Personal Loan
    Student Loan
    Credit Card
    (Add Item)
    (Add Item)

    INSURANCE
    Medical
    Life
    Education Policy
    Motor
    (Add Item)
    (Add Item)

    SAVINGS AND INVESTMENTS


    Retirement Account
    Investment Account
    Emmergency Fund
    (Add Item)
    (Add Item)

    OTHER
    Employees (Nanny/gardener/cook/care giver)
    Fees
    Personal Care retie & undies
    Pet
    Car Service
    Entertainment
    Telephone Postpaid
    Other
    Transport Fuel
    (Add Item)
    (Add Item)

    TOTAL -
    D BY ICEA LION

    Actual Difference
    270,000.00 30,000.00
    - -
    270,000.00 30,000.00

    225,500.00

    Actual Difference

    18,000.00 (18,000.00)
    -
    -

    4,000.00 (4,000.00)
    2,000.00 (2,000.00)
    -
    2,900.00 (2,900.00)
    2,600.00 (2,600.00)
    -
    -
    -
    -

    15,000.00 (15,000.00)
    -
    -
    -

    -
    -
    -
    -
    -
    -
    -
    -
    -
    -
    -
    -
    -

    -
    -
    -
    -
    -
    -

    -
    -
    -
    -
    -
    -
    -
    -
    -
    -
    -
    -
    44,500.00 (44,500.00)
    TOTAL INCOME PERSONAL PROFITAB
    Expected 300,000.00 % of income
    Actual 270,000.00 Profit

    Actual Expenditure
    HOUSING
    34% UTILITIES
    40% FOOD
    LOANS
    INSURANCE
    SAVINGS AND INVESTMENT
    OTHER
    26%

    EXPENDITURE Planned Expenditure Actual Expenditure %variance


    HOUSING - 18,000.00 #DIV/0!
    UTILITIES - 11,500.00 #DIV/0!
    FOOD - 15,000.00 #DIV/0!
    LOANS - - #DIV/0!
    INSURANCE - - #DIV/0!
    SAVINGS AND INVESTMEN - - #DIV/0!
    OTHER - - #DIV/0!
    TOTAL EXPENDITURE - 44,500.00 #DIV/0!
    PERSONAL PROFITABILITY
    16%
    84%

    OUSING
    TILITIES
    OOD
    OANS
    NSURANCE
    AVINGS AND INVESTMENT
    THER

    % of total expense
    40%
    26%
    34%
    0%
    0%
    0%
    0%
    100%

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