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Home > Personal finance tools: No. 1 - Number Crunch

Personal finance tools: No. 1 - Number Crunch

May 4th, 2009 at 04:27 pm

I know I've posted shots of my budgeting spreadsheets before, but it's been awhile, and plus I occasionally add new little widgets to calculate the minutiae of various aspects of my personal finances. I thought it might be somewhat interesting and perhaps even helpful to repost all of my most-used spreadsheets and talk about them a little bit.

This is my most crucial budgeting tool, my Number Crunch worksheet. It's a real-time snapshot of where my checking account is, and where it will be as each expense comes through.





I start with the current balance, then add in the pending authorizations and show the available balance. The first few items (the ones without dates) are sort of like envelopes--expenses that are coming up but I'm not sure when; deposits I need to put in for spending-money purchases one of us made with the debit card; budget categories like groceries or healthcare that I subtract from as purchases are made.

After that are upcoming income and expenses and the dates I expect them to come through. The far-right column shows what the checking account balance will look like if/when these expenses and income hit the account.

I project out for 2-3 months, and adjust things when unexpected income or expenses come up. If more income comes in (like OT), I drop that into one of the savings items, which is why they vary.

I always try to get the budget to balance to $20 at the end. I used to do $0.00, but that was stressful. $20 makes me feel like we're not dependent on everything working out to the penny. It's strictly a psychological thing, since there is a lot of flexibiliy (i.e., "wants" that can be eliminated, savings that can be reduced, budget surpluses in some categories such as healthcare).

2 Responses to “Personal finance tools: No. 1 - Number Crunch”

  1. dmontngrey Says:
    1241454956

    Hmmm... I like how you have that laid out. Very similar to the way I do things in Excel but I have things broken out week by week. That's what works best for me. Everything is tied in together though, and any money spent now will be reflected in the money a year from now. It's the best way I have found for me to get a clear picture of things.

  2. ceejay74 Says:
    1241482866

    dm, I used to do a similar thing with half-month increments. You can see the remnants of that method in that my grocery/household budget is two line items (1st-15th & 16th-31st). In my Bills & Budget spreadsheet, which is where I keep record of my fixed budget, it's pretty much divvied up into half-month increments still. I dump that budget into my Number Crunch and adjust the dates and (if any change) the amounts of income and expenses. They don't change much, generally, though paychecks have been fluctuating every few months due to various outside influences.

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