1/6/2024 0 Comments Calculate monthly expenses![]() Principal:This is the total amount of money you borrow from a lender. You may also like Business Expense Spreadsheet.A mortgage payment typically consists of four components, often referred to as PITI: principal, interest, taxes, and insurance. Save your templateĪfter completing the spreadsheet, you have to ensure that you save your blank template. Again, input your sum formula by moving one cell to the right. Input “Total Expenses,” just below the last line of your expense item. Sum up your expensesĬreate a cell that automatically totals all of these values for you after inputting all of your expense categories. After the cell with “Total Income,” you can start by skipping one line and then followed by “Expenses.” Move down one cell then input “Housing.” Under this, you can place several housing expenses that you spend every month such as rent or mortgage payments, insurance, and utilities. This makes it easier to divide your expenses into general categories. You can place more individual line item expenses instead of income items. Next, input your expenses in the same manner as you have entered the information for your income. “=SUM” formula is the simple formula for this. In the cell, input ‘Total Income.’ To calculate your total income, create a formula on the right of the total income cell. Right under the last line of your income items, make this cell. To calculate your total monthly income, make a cell with a formulaĪfter creating cells for all your sources of income, you have to make a cell for totals all of these values. Move one cell down then input ‘Net Pay’ and then input “Other Income.” On the basis of the income that you receive for that month, input the corresponding values. In the first column, input ‘Income,’ it acts as a heading for all of your income items. It makes you able to check either or not you have already paid your bills and other payments.
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