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There are many formulas you can use in a budget. The most useful formula to use in a budget is the SUM function. If you have your expenses listed in column C, rows 5 through 34, you would use the formula =SUM(C5:C34) to find the total of that expense column.

An interesting use of a budget is to determine if your expenses are over or under budget. In other words, do you need to cut back on your spending (most likely situation) or are you free to spend a little more in a particular area (yah, right ).

Here is a forumla you can use to determine if you are over or under budget:

  • You have two columns. Column C lists your budgeted items, while column D holds your actual expenses for those items.
  • Assume you want to evaluate the budget item in row 17.
  • In column E, you can enter the following complex formula to indicate if that particular item is over budget, under budget, or on budget.
    • =IF(C17-D17<0,"OOPS! Over Budget by " & ABS(C17-D17) & ".",IF(C17-D17=0,"At budget.","Good job! Under Budget by " & ABS(C17-D17) & "."))
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Q: What are some foumulas you can use to design your home budget in Excel?
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Where do you find Free home budget software?

You can use google docs or microsoft excel and search for a home budget template.


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