One of the essential habits people need to develop is tracking their spending habits and establishing saving goals. These two actions are the secret to ensuring a healthy financial life. Managing your finances is also the key to making a life investment or even something prosaic such as a vacation trip.

But the truth is that preparing a monthly budget and saving money simultaneously is complicated. And often, our expenses overcome our income. That way, bills and other costs turn our savings account negative. To prevent this from happening, a good practice people can have is to divide the monthly budget into a weekly budget.

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Changing the Budgeting Technique: Starting with the Weekly Budget Planner

Starting a weekly budget is important because controlling weekly expenses gives you far more control over your finances. It is possible because it is not the fixed costs, such as the monthly electricity bills, that make the difference and bring your accounts off the rails. This happens because of other expenses, such as groceries, clothing, food, entertainment, etc.

Suppose you create weekly budget spreadsheets that tell you exactly how much you can spend without harming your savings. It works the same way if you do a monthly plan; what changes are your control, and the impact of each purchase on you.

It's a matter of facilitating discipline and allowing a more controlled organization, as you will know when you must save and not let your expenses out of control. If you spend more in a week, you just need to keep your budget tighter in the next. Trying to keep everything organized for an entire month is far more complicated than doing it for a week. If you have problems dealing with the short funds of the week, you can also track it bi-weekly. 

Creating Weekly Budget Templates

Now that you understand all the control and discipline things behind this type of budget organization, we can help you properly create spreadsheet templates to organize your finance and accounts weekly. The good news is that you can make free weekly budget reports to better understand where you are spending more and how you can increase your savings week after week. And forget about complicated or expensive software. All you need is Microsoft Excel.

Why Using Excel?

Microsoft Excel is the perfect tool for creating such planners because of the freedom and customization features the program presents. This spreadsheet program is perfect for data storage and the most complicated numerical calculations. You can apply formulas and macros to make the software calculate your expenses, income, and the money you are saving. 

Besides that, you have complete control of its cells, fully customizing their size. You can also fill it with all kinds of information you want. Some users may like to use graphs and charts to better visualize the budget, the values they are spending, and other money-related information.

You can try to create a specific format, dividing expenses into categories, for example. No matter how you decide to go, you can use the same model to create templates to utilize later. You can also catalog all your transactions if you find it helpful. Managing your account was never so easy. To complete, you can download the MS software on both your computer and your cell phone, so you can use the program to achieve financial stability from anywhere.

Pre-Made Excel Templates

To help you better manage your money, you can get weekly budget templates for Excel. We separated you two different free download templates that can be really helpful on the mission of better control your finances. 

Weekly Money Manager Template

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The first template works for weekly, bi-weekly, or monthly management of your budget, so you decide which works best for you. If you have more than one account, you can track multiple of them. Besides that, you can customize all the budget categories to match your expenses

Weekly Budget Planner

Get this template

Here, you will find a family budget planner with more rows and columns. That way, you will be able to place more expenses. 

Tips to Organize Your Account With the Weekly Budget Format

After talking about the differences a weekly or bi-weekly budget track can make and presenting you with the tool to help you save money monthly, we want to present some tips to help you control your spending. You can do some things to improve your template and have a better track of your expenses.

Understand How Much You Earn

The first step is having a clear idea of how much you earn monthly. It looks simple but many people's incomes vary from month to month. Track the values to discover how much you receive as a regular salary is crucial.

Add All Your Expenses

The second step is to add all your outgoings. All your personal fixed expenses are added, such as a mortgage, rent, car repayments, etc. Then all your variable expenses, such as car gas, food, and other purchases. The important thing is to have all your outgoings listed. To ensure all the variable expenses are on the list, look at your credit card transaction history.

Split Your Outgoings and Find a Way to Save

The objective is to protect your account integrity and ensure you reach your saving goals. To make it easier, you must divide all the expense factors into categories such as mandatory and lifestyle expenses. With all the content properly set, you have a list of the crucial and the “dispensable” outgoings.

As you don’t want to miss your rent or your mortgage, for instance, you won’t cut from the mandatory list but will search for things you can cut at lifestyle. That way, you will manage to save more of your money. Ideally, your expenses will be lesser than 80% of your earnings so that you can keep the money for other personal reasons. If not, making cutbacks are even more significant.

Set Reasonable Goals and Prepare for the Future

There are many professional and business projects that demand high investments. Other important lifestyle investments, such as trips, demand them, either. So prepare a list of future projects so you have what to aim for. 

To complete, set reasonable saving goals to keep you motivated. There is no point in establishing hard goals, like cutting half of your unnecessary costs, but you can look at the dispensable expenses section of your spreadsheet report and choose something easier to cut out. 

Where Can I Get My MS Excel

 The best place to get your new Excel license is the RoyalCDKeys website! We offer safe and working keys for much productivity-related software. Among our products, you will find the Professional Plus version of Office licenses, one of the best for your business!

On Microsoft Store, on the other hand, some of the plans you will find for Microsoft Office include

• Microsoft Office Home and Student - $149,99
• Microsoft Office Home and Business - $249,99 
• Microsoft Office Professional Plus - 439,99

But, if you go for RoyalCDKeys, you will find keys such as these, with far better prices! For sure, the best deal you will find!

• Microsoft Office 2019 Professional Plus Key Retail Global
• Microsoft Office 2021 Professional Plus Key Retail Global

Conclusions

Now, you know the benefits of changing your monthly budget report to a weekly one, facilitating the tracking process over the weeks. Besides that, you know the best software to make some of the best budget tracking documents, alongside some very interesting tips to help our customers to save their hard-earned money!

If you want more articles about productivity-related themes and software, you just need to access RoyalCDKeys! We have the best content for those looking to give a boost to their businesses!