Are you tired of not being able to track your monthly income and expenses?
If someone asks you how much money you have left at the end of the month, can’t you answer?
Do you finally want to see in black and white how much you spend in a month, but don’t feel like sitting down in front of a paper and calculating?
Whether you want to track your income and expenses on Google Drive or in an Excel file on your computer, you can now do it!
Rising prices have had a significant impact on people’s finances and everyday purchase payments in 2023. Due to inflation, individuals may feel stressed about expenses and the overall state of the economy. In the APA’s “Stress in America: 2022” survey, 87 percent of respondents said that price increases due to inflation are a significant source of stress. Furthermore, while the rise in consumer goods prices is true, even having sufficient emergency savings, the level of indebtedness, and the lack of spending money are also mentally burdensome.
As inflation continues to rise, it’s important to focus on what’s under YOUR control! Avoid the temptation of impulse purchases – creating and sticking to a budget can help with this, by the way! With your budget, you can track your expenses and assess where changes can be made in different spending categories to reduce certain expenses.
Many of you have asked me for a monthly income and expense planner where you can track your Budget, i.e., your planned income and expenses, as well as compare them, so I’ve brought you this financial planner that you can use immediately after downloading!
You only need to purchase the file once, and from then on, you can fill it out every month, as the formulas inside are dynamic and you can start writing down your income and expenses on any month and day of the year!
You can easily use this spreadsheet,
The Excel file contains three worksheets:
• A financial planning sheet where you can see your monthly income and expenses, and compare it with the amount you planned at the beginning of the month as expenses or savings. This way, you’ll have a clear view on one page of what costs you should pay attention to in order to have more money left at the end of the month!
• A transactions worksheet, from which your actual transactions are automatically transferred to the aforementioned financial worksheet, and you can enter up to hundreds of items if you want to maintain this financial planner on a daily basis, as the formula will automatically add up income and expenses belonging to the same subcategories for you.
• A worksheet where you’ll find the guide on how to use this excellent spreadsheet.
Did you know that women and younger people worry more about money?
The rise in consumer goods prices has an even greater impact on people’s mental health, with 87 percent of respondents in the American Psychological Association survey citing this as a significant source of stress. Women are more likely to experience financial stress than men – 46 percent of women said money negatively affects their mental health, compared to 38 percent of men. Of those who consider money a stressor, 28 percent said they worry about it daily. The proportion of those who worry about money daily is higher among those who didn’t attend college, at 32 percent. Lower-income individuals are more likely to say that money negatively affects their mental health – 48 percent of those with household incomes below $50,000 said they worry about it. Younger people stress more about money, with 82 percent of Generation Z (18-25 years old) and 81 percent of millennials (26-43 years old) reporting that money is a significant source of stress. Among all racial or ethnic groups, Latino adults had the highest percentage (75 percent) citing money as a significant stressor, followed by Black adults (67 percent).
The Financial Health Institute defines financial stress as “A condition that is the result of financial and/or economic events that create anxiety, worry, or a sense of scarcity, and is accompanied by a physiological stress response.” Financial stress can affect someone’s relationships, work, and ability to perform everyday tasks. The APA also found that there is a close relationship between stress and physical health. Stress can lead to chronic muscle tension, long-term heart problems, and stomach pains. In February 2022, the APA reported that more people are experiencing money-related stress than at any time since 2015 – 65 percent of respondents said money is a significant source of stress.
Don’t be the one eaten up by nerves about money! Face your expenses!
Change this and download the planner today!
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