One of the keys to gaining control of your finances is knowing exactly where you spend your money. To track your expenses and also incomes you can simply use Google Sheets. Just for you, I prepare template to track both income and expenses.
And it’s free!
So let’s go!
With this steps I will show you how to use template to track your expenses with Google Sheets:
1. Choose Your Spending Categories
Try to group each purchase based on similarities, e. g. Groceries contain all food and drinks you buy in the store. If you have different incomes try to group them too.
2. Get template
Get template by click on “Use this template” (template).
Then go to template and on the first tab “Overview” you should add your groups of expenses and incomes. Just simply rename “Expense 1” to e.g. “Groceries”.
Don’t edit the table with all expenses and incomes (it will be updated when you add your first expense or income in next tabs).
4. Track your expenses
For every month, you have one tab on which you should add your expenses and incomes. For every group of expenses or incomes, you have one column with a name that you add in previous step.
Every time you get income or have some expenses, just add it and in the same time, overview tab will be updated automatically. That’s it!
Why use Google Sheets? It’s free, accessible from everywhere with any device and simple to use. Need more reasons? Check my post 5 reasons to love Google Drive.