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Add a Savings Account | Automate your Budget | Excel Budget Template | Personal Finance

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  • čas přidán 13. 08. 2024
  • This video is part three of my Excel Budget Template Tutorial. It will show you how to add a savings account to your Budget. After adding the savings account, anytime you add a transfer to or from your savings account, your Savings balance will update! You can also add savings goals!
    *BEFORE YOU WATCH: ensure you watch the first two videos in the series…
    Build Your Own Personal Budget Dashboard | Budget Spreadsheet | Personal Finance
    • • Build Your Own Persona...
    Excel Budget Template | Automate your budget in 15 minutes
    • • Excel Budget Template ...
    Other Resources:
    pre-built, easy to use spreadsheets, try this link. There you can find cash flow planning, invoices, expense reports, personal budgets, and more! (THIS BUDGET IS NOT AVAILABLE)
    • www.simpleshee...
    Excel University:
    www.simpleshee...

Komentáře • 67

  • @njeribartlett5164
    @njeribartlett5164 Před 2 lety +2

    This makes it look soooo easy but i still need to watch it really really slowly as i am coming into this quite late in life. thanks alot

  • @elizabethhills6460
    @elizabethhills6460 Před 2 lety +1

    Your videos have taken my money management to a whole new level. Thank you!

  • @yoloeyouonlyliveonceenjoy809

    I just got into learning how to budget and trying to figure out formulas i have never been good at math my whole life but after all the videos i have watched on trying to learn all this confusing stuff with being able to pause yours and the way you are teaching them i am finally understanding it finally got a budget created custom style for myself which is automated now all thanks to you.

  • @danielp.9948
    @danielp.9948 Před 11 dny

    Looks like a great start. But 2 questions:
    - Why only limit it to categories & not use sub-categories
    - Why not use a pivot table instead of the sumifs?

  • @bizumasresha1125
    @bizumasresha1125 Před 2 lety +2

    I cant wait until you make Google spreadsheet. thank you for your help

  • @williambentein4664
    @williambentein4664 Před rokem +1

    Tip the formula's are different for newer dutch version of exel it's
    =SOM.ALS(Tabel1[categorie];"transfer to savings";Tabel1[income])
    =SOM.ALS(Tabel1[categorie];"transfer to checking";Tabel1[income]
    hope this helps

  • @rentamps6990
    @rentamps6990 Před rokem

    Great tutorial vid. Thank you so much! I've been working on basic excel on my own during my free time and I did it bcoz of you.

  • @kiki_gn
    @kiki_gn Před 2 lety +7

    Hi! Can we also please have a section for tracking investments like mutual funds, crypto, etc.? Thanks so much!😊

  • @mrs.mercie9879
    @mrs.mercie9879 Před 2 lety +3

    Now I just need a debt tracker, in Google sheets pretty please! 😆☺️🤞

  • @TheAronvink
    @TheAronvink Před 2 lety

    Great Videos I followed the enitre series. This will help me manage my goals.

  • @johnderickflores2448
    @johnderickflores2448 Před 2 lety +5

    Great videos so far. My Excel Budget file is getting better. Thank you so much. Can we please have a Credit Card monitoring template too?

    • @whyworksmarternotharder
      @whyworksmarternotharder  Před 2 lety +3

      Coming soon!!

    • @ashleylongo1140
      @ashleylongo1140 Před 2 lety

      I came to scroll through the comments to ask this exact question! I usually will charge my credit card for most, if not all, of my expenses, and I'll use the checking acct to pay off the card. But doing that doesn't exactly work with the checking and savings templates he has on here.

  • @bizumasresha1125
    @bizumasresha1125 Před 2 lety +1

    Am I the only one who is excited for the Google one to come out ? I find his video a few days ago and I make by budget follow exactly how he showed us and I am loving it...now I can control my $ and loving it

  • @ericjackson6082
    @ericjackson6082 Před 2 lety +1

    Great video as always!! Can't wait to update mine!!

  • @ChrissiesPurpleLibrary

    Great video! Thank you so much! Setting mine up today!

  • @donalddeno9268
    @donalddeno9268 Před rokem +2

    Love your budgeting sheets. On the Savings sheet is there any way to show a negative amount after you go below you initial starting balance. Would love to see it in red with quotes around it. Thanks for all the lesons...

  • @Marnie67854
    @Marnie67854 Před 2 lety

    You are a great teacher! Love your videos, thank you!

  • @GermanLarez
    @GermanLarez Před 2 lety

    It's great to have you back mate

  • @LJTofficial
    @LJTofficial Před rokem

    So, I save my money in cash & have a separate sheet under " cash savings" with the financial categories in E, F & G under Cash withdrawn, Cash Spent & Cash savings. This made sense to me as cash in my mind is separate to online banking but I'm racking my brains trying to figure out how to seamlessly merge this information into the main log.

  • @CharleneJanzen
    @CharleneJanzen Před rokem

    My budget is exactly this except I didn't know how to do the fine details with formulas and the automatic cell transfers. Thanks this will be so helpful. Expect my Savings Account spreadsheet is broken-down into categories. Do you have a video that would show how to make the transfer to saving go to specific categories? Example being a $1000 in saving but it's split up into smaller categories?

  • @DwarvenKing17
    @DwarvenKing17 Před 2 lety

    Your videos have been vary helpful could you make one adding in stock investments or how to add charts and graphs please. Thank you for these.

  • @kaisunderland9362
    @kaisunderland9362 Před 2 lety +1

    Love your content. I am working on my finances, and this really helps me to organize. I do have a question. How do I incorporate overdraft frees from my savings account?

  • @timothylewis9569
    @timothylewis9569 Před 2 lety +2

    Hey, I appreciate you sharing your knowledge with us here. It has helped me so much, because I've been wanting to track my finances for a very long time and you helped me.
    Is there a way we can insert monthly deductions?

  • @sininv1
    @sininv1 Před 2 lety

    hi this is great and good. if it's possible can you share if there's an adjustment to the actual budget how to display the changes for 6months and display the actual vs adjusted budget with actual spent , for my case is every six month need to adjust the budget thanks.

  • @Drizz1717
    @Drizz1717 Před rokem

    What would you recommend I do if I transfer money from my checking into my savings account, every check, but then transfer back from savings to checking when it's time to spend the money.

  • @gauravdeshmukh6998
    @gauravdeshmukh6998 Před 2 lety

    Your videos was just what i needed. But can you tell if I want have two or more than two bank accounts managed individually which i would enter in the log but should be reflected individually. As it seems daye , month, year is required which is already present. Now we just need multiple bank accounts. Thanks in advance.

  • @catwilkinson6882
    @catwilkinson6882 Před 2 lety +1

    the formula for the savings transfer gave me zero... driving me nuts trying to fix it
    advice please

  • @i8BBQ4Lunch
    @i8BBQ4Lunch Před 2 lety

    Thank you. That helps.

  • @asilvi90
    @asilvi90 Před rokem

    Love your work, Just wondering how I could add the savings account to the year to date tracker?

  • @spencer9095
    @spencer9095 Před 2 lety

    love this stuff

  • @rm6445
    @rm6445 Před 2 lety

    Great Video

  • @melynddawalliss1153
    @melynddawalliss1153 Před rokem

    Greetings from "down Under ,
    I am 86 years of age, I think I may have been trying to set a budget for perhaps 80 of them !?, I have built your "Build your own Personal Budget" in
    Excel, and I think you may have saved me from insanity and perhaps given me another 14 years??. I have also built in the savings account, brilliant thank you, thank you.
    Query, if I pay a bill from savings, how can I record that or must I transfer back to Checking Account, Thank you again Cheers Phill

    • @whyworksmarternotharder
      @whyworksmarternotharder  Před rokem

      Using this format, you would have to transfer it back to checking. PS sorry for the delay in response.

  • @dollarscentsmobiletaxandac8163

    First let me say thank you for doing this … how do you add a line graph show to the dashboard to measure a savings goal … ie a saving account goal of 10k … can you make it show the projected date you will hit the goal based on the balance currently in the account?

    • @kiya6512
      @kiya6512 Před 2 lety

      hi, did you ever figure out how to do this? i would like to know as well

  • @raymondmeyer923
    @raymondmeyer923 Před 2 lety

    I need to auto-transfer bank/visa statements directly into budget sheet without having to enter transactions manually. Can this be done? thks

    • @whyworksmarternotharder
      @whyworksmarternotharder  Před 2 lety

      It can be. Very hard to make a template for everyone though because all banks have statements in different formats.

  • @derekmarsellus977
    @derekmarsellus977 Před 2 lety

    This is a really awesome spreadsheet. Is it possible to also add credit cards tracking to it? Also, sometimes my purchases need to be split between two or more different categories. Is there a way to incorporate this into the spreadsheet?

    • @whyworksmarternotharder
      @whyworksmarternotharder  Před 2 lety

      Credit cards will be coming for sure. The only way to split expenses between categories would be to make two expenses

  • @renedaatselaarbaarslag4702

    Could you maybe do a stock portfolio ledger connected to the personal budget document as well?
    (I tried it personally but did not work very well) I added a extra page in the document and had set up an name for that table. Tried to connect it to the Log, but from there I coudn'd connect it to my dashboard. It was a mess in the end.
    Maybe more people who are interested in that?

  • @BigIsleJ
    @BigIsleJ Před 2 lety

    Thanks!

  • @jefferypeplinski3176
    @jefferypeplinski3176 Před 2 lety +1

    How do I move my excel spreadsheet to a share file?

  • @bhavneshparikh8283
    @bhavneshparikh8283 Před 2 lety

    How can download this file

  • @bhavneshparikh8283
    @bhavneshparikh8283 Před rokem

    Suppose Multi pal Saving accounts ,Credit Card ,Google Pay,Payzapp etc, how to add it
    Add Subcategory
    Add Log Column Types means Income,Expense,transfer

  • @jefffoushee2816
    @jefffoushee2816 Před 2 lety

    I wish I could hire you to help me with a project I’m working on

    • @whyworksmarternotharder
      @whyworksmarternotharder  Před 2 lety

      What do you have going on?

    • @jefffoushee2816
      @jefffoushee2816 Před 2 lety

      @@whyworksmarternotharder for my job I have end of month reports, I have to fill out one form then transfer all that to another income statement, which breaks down income and expenses, what I want to do is create a ledger where I can put all my expenses for the year, month to month, but would sum up all fuel purchases buy month then puts in in the appropriate spot on the yearly income statement, instead of having 5 different sheets for each expenses that I’ll do a total monthly and in the statement use the = formula. If that makes since. I tried to use your budget video to do that but still not what I need. If that makes any since. I’ll be happy to send you the sheets if you would like a better visual. How can I private message you my email

  • @bhavneshparikh8283
    @bhavneshparikh8283 Před 2 lety +1

    How can download this file?

  • @rollingthunder4599
    @rollingthunder4599 Před 2 lety

    That's not a savings account