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Excel Monthly Budget Template - Free Printable

Excel Monthly Budget Template

Educational worksheet: Excel Monthly Budget Template. Download and print for classroom or home learning activities.

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Show Answer Key & Explanations Step-by-step solution for: Excel Monthly Budget Template
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1. Identify the total budgeted income: 2200
2. Identify the total actual income: 2600
3. Identify the total budgeted bills: 1295
4. Identify the total actual bills: 1295
5. Identify the total budgeted variable expenses: 625
6. Identify the total actual variable expenses: 640
7. Identify the total budgeted savings: 115
8. Identify the total actual savings: 250
9. Identify the total budgeted debt: 100
10. Identify the total actual debt: 100
11. Calculate available to budget: 2200 - 1295 - 625 - 115 - 100 = 65
12. Calculate available to spend: 2600 - 1295 - 640 - 250 - 100 = 315
13. Calculate left to spend: 315 - 65 = 250
14. Verify the total actual income: 2600
15. Verify the total actual expenses: 1295 + 640 + 250 + 100 = 2285
16. Calculate remaining funds: 2600 - 2285 = 315
17. Confirm the available to spend is 315
18. Confirm the left to spend is 250
19. Verify the pie chart shows 61% for bills, 5% for variable, 5% for savings, and 29% for debt
20. Verify the bar chart shows actual and budget for debt, savings, variable, and bills
21. Confirm all values are correctly entered and calculated
Parent Tip: Review the logic above to help your child master the concept of budget worksheet templates.
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