7 Excel Budgeting Templates Loved By Reddit Users

Creating a budget can be a daunting task, especially for those who are new to managing their finances. However, with the right tools and resources, it can be a much more manageable and even enjoyable process. One of the most popular tools for budgeting is Microsoft Excel, and there are many templates available online that can help make the process easier.

Reddit users, in particular, have shared and discussed various Excel budgeting templates that they have found helpful in managing their finances. In this article, we will take a look at 7 Excel budgeting templates that are loved by Reddit users, and explore their features and benefits.

1. The 50/30/20 Budget Template

The 50/30/20 budget template is a popular choice among Reddit users. This template allocates 50% of your income towards necessary expenses such as rent, utilities, and groceries, 30% towards discretionary spending such as entertainment and hobbies, and 20% towards saving and debt repayment.

This template is simple and easy to use, and it provides a clear and concise way to track your expenses and stay on top of your finances. Many Reddit users have reported success with this template, citing its simplicity and effectiveness.

Key Features:

• Simple and easy to use
• Allocates 50% of income towards necessary expenses
• Allocates 30% of income towards discretionary spending
• Allocates 20% of income towards saving and debt repayment

2. The Zero-Based Budget Template

The zero-based budget template is another popular choice among Reddit users. This template involves allocating every single dollar of your income towards a specific expense or savings goal, with the goal of having zero dollars left over at the end of the month.

This template is more detailed and requires more effort to set up, but it provides a high level of control and accuracy over your finances. Many Reddit users have reported success with this template, citing its ability to help them stay on top of their expenses and achieve their financial goals.

Key Features:

• Allocates every dollar of income towards a specific expense or savings goal
• Requires more effort to set up, but provides high level of control and accuracy
• Helps to eliminate unnecessary expenses and achieve financial goals

3. The Envelope Budget Template

The envelope budget template is a simple and visual way to manage your finances. This template involves dividing your expenses into categories (such as housing, transportation, and entertainment) and allocating a specific amount of cash for each category.

This template is easy to use and provides a clear and concise way to track your expenses. Many Reddit users have reported success with this template, citing its simplicity and effectiveness.

Key Features:

• Simple and visual way to manage finances
• Divides expenses into categories and allocates specific amount of cash for each
• Provides clear and concise way to track expenses

4. The Budgeting Worksheet Template

The budgeting worksheet template is a comprehensive and detailed template that provides a thorough way to track your income and expenses. This template includes sections for income, fixed expenses, variable expenses, and savings goals.

This template is more detailed and requires more effort to set up, but it provides a high level of control and accuracy over your finances. Many Reddit users have reported success with this template, citing its ability to help them stay on top of their expenses and achieve their financial goals.

Key Features:

• Comprehensive and detailed template
• Includes sections for income, fixed expenses, variable expenses, and savings goals
• Provides high level of control and accuracy over finances

5. The Budget Tracker Template

The budget tracker template is a simple and easy-to-use template that provides a clear and concise way to track your expenses. This template includes sections for income, expenses, and savings goals, and provides a visual way to see where your money is going.

This template is easy to use and provides a high level of accuracy over your finances. Many Reddit users have reported success with this template, citing its simplicity and effectiveness.

Key Features:

• Simple and easy-to-use template
• Provides clear and concise way to track expenses
• Includes sections for income, expenses, and savings goals

6. The Savings Goal Template

The savings goal template is a specialized template that helps you achieve your savings goals. This template includes sections for savings goals, income, and expenses, and provides a visual way to see how much you need to save each month to reach your goals.

This template is easy to use and provides a high level of accuracy over your finances. Many Reddit users have reported success with this template, citing its ability to help them achieve their savings goals.

Key Features:

• Specialized template for achieving savings goals
• Includes sections for savings goals, income, and expenses
• Provides visual way to see how much you need to save each month

7. The Debt Repayment Template

The debt repayment template is a specialized template that helps you pay off debt. This template includes sections for debt balance, interest rate, and payment schedule, and provides a visual way to see how much you need to pay each month to pay off your debt.

This template is easy to use and provides a high level of accuracy over your finances. Many Reddit users have reported success with this template, citing its ability to help them pay off their debt.

Key Features:

• Specialized template for paying off debt
• Includes sections for debt balance, interest rate, and payment schedule
• Provides visual way to see how much you need to pay each month

Excel Budgeting Templates Image Gallery

In conclusion, these 7 Excel budgeting templates are loved by Reddit users for their simplicity, effectiveness, and ability to help them achieve their financial goals. Whether you're a beginner or an experienced budgeter, there's a template on this list that can help you take control of your finances and achieve financial stability.