Money Management

The Best Free Personal Budget Templates For Every Type of Person (and Budget)

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It’s no secret that budgeting works.

In fact, the majority of millionaires keep a budget.

Bottom line?

No matter where you’re at with your finances, a budget can help you become better at managing your money.

And that’s why in this post I hand-picked the best budget template for every type of person or financial goal.

Whether you’re looking to get out of debt, manage money better in your relationship, want to budget daily, or just need a simple free monthly budget template…

…check out one of the free budgeting templates below.

The Best Free Personal Budget Templates

The Best Budget Template for Beginners

If you’re brand new to the world of budgeting and have no clue how to proceed, don’t worry. We’ve all been there.

This template gives you what you need to get started.

Household Budget Worksheet from Kiplinger’s

Quick Summary:

This budget worksheet is one of the easiest ones to use. It does almost everything for you, except fill in your amounts!

It gives you drop-down menus so you can choose whether a spending amount you put in there is a daily, weekly, bi-weekly, twice monthly, monthly, quarterly, or annual occurrence.

It even gives you an option for one-time occurrences.

What’s To Like:

  • You can fill it out online and then print to Excel.
  • It uses basic expense categories. That can be a good thing for beginners who don’t want to get too detailed but instead want a general guideline as to where their money goes.
  • You can choose from a one-month to 12-month budget period.

Try an App: Try Mint, which is the most popular and simplest money app to get your feet wet with.

The Best Budget Template for Couples

To get a handle on your finances when you’re a couple, you have to work together. There’s nothing as motivating as making goals and knocking them down with the one you love.

Google Budgeting Template

(The template is located inside Google Sheets under File > New > From Template)

free budget template from google

Quick Summary:

Google has simplified the art of sharing documents. Couples can cash in on this document sharing technique by using the Google budgeting template. It’s easy to fill in and understand – it’s not complicated like some budget templates are.

What’s To Like:

  • It uses Google Sheets, which can easily be shared between a couple or anyone else you want to see your budget.
  • The template is easily accessible within the Google Recommended Templates section.
  •  It lets you look at the differences between your expected and actual spending.

App to Try: Go with HoneyFi. This is an app specifically made for couples. You can each have your own personal budget within the budget too. That’s good for couples who want to work as a team but also want a little financial freedom.

Related: Check out budgeting experts Kelan & Brittany of The Savvy Couple’s Family Budget Templates.

The Best Budget Template for Getting Out Of Debt

If you’re in serious debt, don’t panic. You can get out of debt fast, I promise.

You just need the tools and some motivation. You must already have the drive to drop that debt – that’s why you’re here.

We’ll point you in the right direction for the tools!

DangerP’s Sweet Excel Budget Spreadsheet (With Debt Snowball)

Quick Summary:

This spreadsheet is great for those who want to try the debt snowball method.

It’s also useful for keeping an eye on long-term debts. You can change some of the line items to make it customized for your particular situation and overall budget.

What’s To Like:

  • It has a built-in debt snowball calculator. It can be fun to play with figures and see what a little discipline can do for you.
  • It uses Macros to autocomplete changes across the document.
  • It has lines for long-term investments and savings. You don’t want to forget about these when crafting a budget. It can help remind you why you’re putting in all this work when those balances go up.

App to Try: Opt for YNAB. This app seems to have the highest success ratio when it comes to changing behavior to get out of debt.

The Best Budget Template for Google Sheets

Are you a Google fan? If so, Google Sheets might be the tool you’re looking for to get your finances under control.

Google Budgeting Template

(The template is located inside Google Sheets under File > New > From Template)

Quick Summary:

To use this, you’ll just put your starting balance in cell L8. Then you’ll create your categories of spending as well as their amounts using the income and expenses sections in the table.

What’s To Like:

  • It lets you compare expected and actual spending which can be valuable in seeing areas you need to work on.
  • This one has a nice graphic to give you a visual of how your month ends – it shows a bar graph with a starting and ending balance. It can be motivating seeing that bar at a higher level than you began with.
  • It can be shared with anyone you want. If you have a friend who is a whiz with money and you want a second opinion on your budget, you can share it easily.

The Best Budget Template for Excel

Are you enamored with Excel? Then you’ll love this budget template. The layout is pleasing and the template is fun to use.

Personal Monthly Budget

Quick Summary:

This personal monthly budget will keep the entire month of your expenses and income. You’ll be able to see all your figures with a quick glance. The differences between your projected and actual spending are calculated for you.

Each section of spending, such as house, transportation, and entertainment, is detailed enough to let you know if you’re hitting your budgeting percentages.

What’s To Like:

  • If you’re familiar with Excel, this is a cinch to use. If you’re not, it is still easy enough to catch onto.
  • It shows the difference between the projected cost and the actual cost of your line items, which can give you better insight into how you are overspending. It’s good to know your trigger categories you have to work on.
  • The layout is nice because it’s easy to follow.

Worth Check Out: Tiller allows you to auto feed your data to Excel. This is great for creating customized plans. It does cost a little though — $5 per month.

The Best Budget Template for Mac Users (Numbers)

If you’re a Mac user, go to Numbers and look under the templates. This is a decent template you may use a lot.

Simple Budget

(Found under Templates in Numbers)

Quick Summary:  

You’ll enter your paycheck amount and any other additional money you have coming in. Then you’ll use the categories to plug in the money you expect to have coming out.

That’s pretty standard.

Here’s where it gets exciting though – at least if you’re into budget planning as much as I am! Your expenditures will fall into a color-coded graphic that gives you a percentage and visual on how much you’re spending for each category. Some of the categories include housing, groceries, transportation, utilities, and dining and entertainment.

What’s To Like:

  • Everything is on one page so you have it all right in front of you.
  • The money out chart gives you a quick look at where the lion’s share of your money is going.
  • t’s easy to track.

App to Try: Truebill. It’s one of the highest rated personal finance apps on the market right now.

The Best Printable Monthly Budget Template

If you’re looking for something that is printable, that’s a good idea. It can help to see your budget in hard print in a place you look at frequently, like on the refrigerator. It can remind you to be accountable.

Printable Monthly Budget from Frugal Fanatic

Quick Summary:

This ready-made template is pretty thorough with the categories it includes, even having lines for donations, clothing, and garbage.

If you want a template to print out to keep you on track, this is a colorful and simple one.

What’s To Like:

  • I love that this one has a section in the budgeting process just for saving money because that’s such an important component of a budget. You can add in retirement savings amounts as well as college savings if you have children or you plan to go to school yourself. It has one other line that I recommend you use to build your emergency savings with.
  • Sometimes it’s more convenient to write down your expenditures in ink than logging onto a device.
  •  It has a small area for you to write in notes if needed. That can be handy if you had a big, unexpected expense come up and you save all these sheets for a yearly review of your budget.

The Best Budget Template for Weekly Budgeting

If you’re living paycheck to paycheck, you’re going to want a weekly budget. You want to send out that money every week so you don’t leave it in your account – that’s too much temptation for overspending.

Weekly Money Manager

Quick Summary:

You’ll enter your expected income and list all the bills you have going out that week. Once you spend some money for the week, you’ll list the date, amount, and the category of the purchase, plus any other information you want to include.

You’ll be able to easily track which categories you overspend on, which can help you find any patterns of spending that are hurting your budget.

What’s To Like:

  • It has plenty of lines to list your bills and also your transactions for the week.
  • It has the total income and total expenses listed at the top of the page so you can quickly check to see how you’re doing.

The Best Budget Template for Credit Card Tracking

If you’re in credit card debt, this debt calculator will come in handy.

Debt Reduction Calculator

Quick Summary:

This calculator gives you the option of playing around with different figures to see the possible scenarios you have open to you. It can show you how quickly you can erase your debt and what you can be saving in interest payments.

It’ll create a debt snowball payment schedule for you based off your income and outstanding obligations. You just fill in who you owe money to and what the minimum payments are. Then you plug in the maximum amount each month you can afford to send to your debts.

What’s To Like:

  • It shows you the most effective way to pay off your debts.
  • Using this method can create a sense of excitement which can motivate you to keep going – it can create some quick wins as you retire your smaller debts.
  • It lets you decide between two forms of debt reduction – the debt avalanche in which you pay off the debt with the highest interest first and the debt snowball in which you tackle the lowest balance first.
  • It’s easy to operate.

The Best Budget Template for a Low Income

Saving money on a low income is hard.

When you don’t make much money, it can seem overwhelming looking at how little you have at the end of each month. Instead, you can use this budget template which gives you a daily total of what you can afford to spend.

Poor-Man’s Budgeting Spreadsheet

Quick Summary:

With this spreadsheet, you’ll be able to put in your income and your expenses. Here’s where it gets a little unusual. Your amount that is left over will be essentially divided by how many days are left in the month.

You’ll see a daily total that can be spent. You’ll know if you go over this total, you’ll have to make it up at a later day or your budget won’t survive the month.

What’s To Like:

  • It breaks down your budget by the day.
  • It’s accessible on Google Docs.
  • If you know you’re going to have a more expensive day coming up, don’t spend as much in the days before that and your discretionary spending balance will build up and carry forward.
R.J. Weiss
R.J. Weiss is the founder and editor of The Ways To Wealth, a Certified Financial Planner™, husband and father of three. He's spent the last 10+ years writing about personal finance and has been featured in Forbes, Bloomberg, MSN Money, and other publications.

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