To track expenses, a spreadsheet is the best tool. This spreadsheet allows you to enter the total of monthly expenses, label them by category, and then total them for each category. To do this, you can use Google Sheets for a variety of purposes. The spreadsheet should include columns for incoming money, and rows for expenses. For example, you would enter a salary into cell B3 and it would automatically copy to all other cells.
A template for an expense-tracking spreadsheet is available from Spreadsheet Point. You can download the template free of charge, provided that you make a copy and do not ask for edit access. Google Sheets is free, future-proof, and easy to use. If you're new to spreadsheets, there's no need to worry! This article is written by Nahid Akhter, a writer with an MS in Computer Science. Nahid has worked in the educational field for over 14 years and specializes in writing and programming. Her areas of interest include office productivity, artificial intelligence, and web design.
While there are a lot of advantages to using Google Sheets for tracking expenses, there are some limitations. Although it may not be as convenient as using an expense tracking program, it's free and accessible from any internet-connected device. Using a spreadsheet to track your income and expenses is easy and free, and there's no need to be a computer wizard to use it. You can even use Google Sheets for budgeting purposes, too!