Budget apps like Mint and YNAB can help you make a budget and plan long-term money goals. But you may feel uncomfortable linking your bank accounts for these apps to work. Perhaps a budgeting template may be a better option.
Trying to figure out if what tool is the best and easiest for creating a budget can be difficult.
Instead of giving up or jotting everything down on paper, a Google Sheets budgeting template makes it easy to pursue most budgeting strategies. The best budgeting templates give you the ability to modify the template to fit your personal needs and money goals.
Best Google Sheets Budgeting Templates
There are many excellent candidates for the best budget template, as there are so many budgeting strategies to try.
Most of these templates are free and let you try different budget styles. Investing in a premium sheet can sync with your bank accounts and make tracking your spending effortless.
1. Starter Budget
You may only need a basic budget template that lets you quickly compare your income and monthly expenses. Advanced spreadsheets may require too much effort to update or can be confusing to navigate. These complex budgeting templates are “too smart.”
The simplest budget is writing your income and expenses on a piece of paper. The digital alternative is manually logging each transaction into your spreadsheet.
Building your own template can be effective, but it’s easy to overlook certain expenses.
Using Well Kept Wallet’s very own Starter Budget is free and saves you time. You can open the Starter Budget in Microsoft Excel or Google Sheets.
There is also a brief YouTube video to help you start using the template. However, the Starter Budget is easy to use if you decide to skip the video.
The Starter Budget takes a monthly look at these categories:
- Income – You and your spouse’s (if applicable) monthly salary
- Housing expenses – Mortgage/rent, utilities, internet, insurance, etc.
- Expenses – Groceries, giving, “His” and “Her” spending, vehicle and gas, etc.
You can modify the income and expense categories to fit your personal spending plan.
Download the Well Kept Wallet Starter Budget
2. Tiller Money
Tiller Money has one of the most extensive offerings for Google Sheets budgeting templates. One downside for most Google Sheets templates is the inability to sync your bank accounts.
Some of the most popular Tiller Money templates are:
- Foundation Template – Combines the best features from various budget templates
- Net worth tracker – Keep tabs on your current net worth as you build wealth
- Weekly spending analysis – Track your spending habits each week
- Monthly budget template – Make a monthly spending plan
- Debt snowball worksheet – A popular plan to get out of debt quickly
The Foundation Template is Tiller’s most popular budgeting template. It’s highly-customizable and has plenty of weekly, monthly and yearly spending reports.
Your Tiller sheets can auto-update and categorize daily after downloading the Tiller Money Feeds add-on. Over 21,000 banks sync with Tiller.
Tiller uses bank-grade encryption and doesn’t store your account information. These measures help protect your security.
Bank syncing is only available with the premium version of Tiller Money that costs $79 per year after a 30-day free trial. It’s also possible to get a free version of some spreadsheets from Tiller Money Labs. However, you must manually input each transaction.
Becoming a premium Tiller Money member can be worth the $79 annual cost as the auto-updates save you time logging every expense. You have full access to every Tiller template as well.
The 30-day free trial is enough time to determine if you can maintain the motivation budget with a Google Sheets template.
Try Tiller Money today with a 30-day free trial.
3. 50/30/20 Budget
Most budgeting templates are a zero-sum budget where you assign a budget category for each dollar you earn. The “50/30/20 rule” encourages you to only spend half of your monthly income on necessary expenses.
Only spending half of your income on needs means you’re not living paycheck to paycheck. You’re also more likely to be able to afford a one-time financial surprise or temporary pay cut without going into debt.
The 50/30/20 rule divides your cash into one of three categories:
- Needs (50%)
- Wants (30%)
- Savings and extra debt payments (20%)
Examples of your “needs” include your minimum monthly loan payments, insurance and living expenses. Your “wants” might consist of streaming plans and date nights.
The remaining 20% for savings and extra debt payments should include saving for retirement and boosting your emergency fund.
Separating your necessary monthly expenses (needs) from your wants can be challenging at first. Thankfully, there are simple ways to save money when you don’t have free time to pursue a side hustle.
The 50/30/20 budgeting strategy can be easier to achieve if you live in a two-income household. This template has a tab for one person or two persons to compare each person’s income to their needs, wants and savings.
Download 50/30/20 Budget
4. Google Sheets Budget Trackers
Did you know that Google Sheets offers two premade templates? Both are free and similar to the Microsoft Excel budget templates you may already use. These barebones templates can help improve your spending habits without breaking the bank.
However, you must be willing to input each transaction manually to have correct figures.
These are the two default Google Sheets budgeting templates:
- Monthly budget – Log individual income and spending transactions. You can compare your planned and actual benefits by category.
- Annual budget tracker – List your monthly income and expenses by category to track your monthly progress.
Both sheets include basic how-to instructions to create your budget. It’s possible to customize each template, but your options are relatively slim versus a Tiller Money spreadsheet.
You may decide to use the monthly budget template to track your daily spending. At the end of each month, you can copy these figures to the annual budget tracker to keep quickly comparing your month-to-month habits.
If you continue using these sheets for multiple years, you can compare your 2021 and 2020 monthly spending.
You will find both templates in the Google Sheets template gallery at sheets.google.com. There are free templates for other tasks, including a to-do list, calendar and travel planner.
Download Google Sheets Budget Trackers
5. Budget Tracking Tool
Our friends at The Measure of a Plan have a Budget Tracking Tool for Excel and Google Sheets. This template is one of the best free in-depth budgeting templates. You can quickly track your common monthly budget percentages.
You can manually input each expense and income transaction then assign a category. This template also lets you assign a monthly spending target for each category. In the “Budget Targets” tab, you can compare your actual spending to your target spending by percentage and dollar amount.
The “Dashboard” tab lets you view your budget activity for a specific month or custom period.
Download Budget Tracking Tool
Keepify offers eight free Google Sheets budgeting templates:
- Personal monthly budget
- Annual budget
- Simple budget
- Zero-based budget
- Envelope budget
- Student budget
- Wedding budget
- Christmas budget
A Google Sheets and Microsoft Excel template is available for each budget method. You will click the “download Google template” and then “make a copy” once Google Sheets loads.
The “Introduction” tab in each template includes basic instructions to start budgeting. Since each template is free, you can try different ones to see which template works best for you.
You will need to enter each transaction manually. However, Keepify states they are planning to roll out add-on features to automate some of the budgeting processes.
Download Keepify Google Sheets Budget Templates
7. Smartsheet College Student Budget
The best time to learn how to budget is when you live at home or as a college student. Your expenses are low as you’re not “adulting” yet (although you don’t want to squander your college side hustle income).
The Smartsheet College Student Budget helps you plan for these expenses:
- Tuition and fees
- Food plan
This template also has income slots for your earned income, student loans and financial aid.
Download Smartsheet College Student Budget
8. Wedding Budget Spreadsheet
Weddings are an exciting “once in a lifetime” event. However, your special day can quickly turn into budget-buster. Renting a wedding dress can save money, but a wedding budget template can help you stay within your spending limit.
Your wedding budget should include these expenses:
- Hair and beauty
- Photography and videography services
Bridal Musings has one of the most in-depth templates for tracking the many expenses for your dream wedding. Their template lists various expenses for each of the major categories in the above list. You will also be happy to hear this wedding budget template is free.
You can list the estimated cost, actual cost, supplier name and contact details for each expense.
Download Wedding Budget Spreadsheet
9. Smartsheet Home Renovation Budget
You may decide to remodel your home to increase its curb appeal or start a home business. Tracking project costs can be difficult if you forget to log multiple receipts.
Smartsheet’s “Home Renovation Budget” template is free. You can enter your total cash available. Each transaction you enter updates the remaining balance. The template also lets you enter a target and actual spending amount for each expense.
Download the Smartsheet
10. Vertex42 Debt Reduction Calculator
You’re likely familiar with Dave Ramsey’s Baby Steps if you are striving to be debt-free. The second step is using the “Debt Snowball Method” to make extra debt payments.
This debt payoff strategy follows these steps:
- List your debts from the smallest to largest remaining balance
- Continue making the minimum monthly payment on each debt
- Make extra monthly payments on the smallest debt balance
As you pay off your smallest debt balance, make extra payments for the next-smallest balance. If two loans have the same balance amount, make additional payments on the one with the higher interest rate first.
While there are debt payoff apps to make a payment plan, a template might be your preference.
Vertex42 has a debt reduction calculator. Your first ten creditor accounts are free. Buying the Extended license costs $9.95 and lets you enter up to 20 creditors in Google Sheets. The premium Microsoft Excel version allows up to 40 creditors.
The free and premium templates let you enter these creditor details:
- Creditor name
- Current balance
- Minimum monthly payment
- Interest rate
After entering the necessary loan details, you can enter your monthly snowball payment. The spreadsheet recommends which loan to pay off first. You will also see the estimated payoff debt and potential interest savings.
Access Vertex42 Debt Reduction Calculator
11. Financial Snapshot and Budget
Is it possible to see your budget summary and in-depth at the same time? The legendary J. Money of Budgets Are Sexy does this with his free Financial Snapshot and Budget template.
This customizable template shows these budget details on one tab:
- Net worth tracker
- This month’s pay dates
- Expenses your first month’s paycheck and second month’s paycheck pay
- Compare actual spending to planned spending for main budget categories
- Savings account balances
- Credit card balances
You may be hesitant to use a Google Sheets template as you must switch between multiple tabs to budget. This spreadsheet can be a good option if you want to see all of your vital money stats in one place.
However, you may need to use another template to log your daily expenses. Tracking each expense helps you accurately see how you spend each dollar. You can also avoid common budgeting mistakes.
You may prefer the Financial Snapshot and Budget template if you want a biweekly budget. This method makes it easy to visualize how you spend and save each paycheck.
This spreadsheet is free and compatible with Google Sheets and Microsoft Excel.
Download Financial Snapshot and Budget
Budget templates may require more effort than a budgeting app, but you have more flexibility. If you like spreadsheets, finding one that caters to you may motivate you to improve your money skills.
Do you use budgeting templates? Which one is the best fit for your budget style?