Expenses Calculator for Monthly Budgeting

Where ever you happen to find yourself in life, having a spectacular expense calculator at your disposal is greatly beneficial. If you want to remain frugal while living a comfortable life, knowing just how much money you have will help you achieve just that. Knowing your monthly and yearly expenses/income will help you manage many different aspects of your day, including food, clothing, and more. Using a tool such as a calculator to determine your expenses and income is one of the many great ways to save money and stay happy.

We will be going over just how to keep track of your expenses with tools freely available on the internet for anybody to use. By ‘anybody’, that means you! The top expenses that people need to track are usually their rent and groceries. Everybody needs a shelter and some food to stay healthy, so I usually place the most emphasis on pay for those two first. What’s the point of living if you cannot enjoy it? Entertainment is usually the third category that I calculate. (Hint: I place family gatherings and such go under ‘entertainment’)

One other important reason why many will find a living expense calculator useful is to organize their finances. Every receipt that I receive goes straight into a folder. At the end of each week, I enter the receipt totals into my excel expense file. This is useful so that I know just how much more money that I have for the month left. I am rolling in some cash the first two weeks of a month and then I stricken up come the last week or two. Sometimes I don’t have enough money, but I stay true to the living expense totals that calculated at the beginning of the month. If I go past my spending limits that basically makes all the other numbers obsolete. If I go surpass one limit, it’ll be much easier for me to do the same in another category. Just like procrastination, not staying loyal to the goals that you set can begin to snowball in a negative way.

Now let’s get down to business, shall we? It’s time to talk about some of my favorite expense calculators. I use many different forms of calculators. The two main types that I use day-to-day are excel (spreadsheets) and online (forms). Both different options have their own individual pros and cons.

Excel Expenses Calculator

As soon as I boot up my computer in the morning, I open up my financial excel file. This is the first thing that I look at in the morning and the last thing at night. As you might imagine, Excel has a variety of pros. For me, Excel is generally easier to use just because I am familiar with the layout. I’ve been using Excel for a number of years so doing a few calculations is no harder than brushing my teeth.

The great thing about Excel that can make it superior to an online based expenses calculator is the fact that it is locally based. This means that if the internet happens to go out, I will still have complete access to my financial file. This is why I put tons of more trust into a software based calculator rather than an online calculator. In no way am I saying that an online expenses calculator is useless, I use a few frequently!

Excel has pretty and beautiful customizable graphs. This point pretty much speaks for itself. I can show my family the monthly frugal budget, along with a line chart and pie chart. Graphs make everything much simpler to comprehend. Numbers become shapes and shapes are more familiar than patterns of numbers.

The last major argument towards using Excel is the fact that you have the ability to save the file. Some online living expense calculators may save cookies but usually they are just simple forms. No account is needed for most calculators. This means that you cannot save; so you just end up having to calculate and then recording the data on paper or on your computer.

Online Expenses Calculator

This is the part that you’ve all been waiting for. You most likely landed on this page via searching for an online living expenses calculator. Simple or complex, there are only a few that I like. All-in-one is a necessity to any calculator. If there are multiple different pages on a website to find the results, count me out.

Calculate expenses
An example of the Expenses Calculator found at Four Hour Work Week

One major benefit of an online based calculator is that webmasters usually update the calculator frequently. The categories are up-to-date and useful. If there is a glitch in a calculator, a webmaster can go in and fix that glitch. I cannot completely say the same for a spreadsheet or text file.

Online expenses calculators, most of the time, happen to be easier to fill out. There are boxes next to the calculator. Just fill in your numbers and hit the calculate button. I don’t know if things could really be any simpler than that.

Everything is set up for you. No need to research the categories to build an expense calculator in Excel, as I said in a previous point, everything you’ll need is laid out on the page for you. Best of all; calculations are instant in some responsive calculators. Fill in a field with $5, and the total will instantly say $5. Simply brilliant!

Why use a calculator in the first place?

We jumped straight into what types of calculator would be right for you. But honestly, why? Using any income and expense calculator will just take time out of your day. Let’s face it… the more that you spend time on useless tasks, the less time that you’ll have your day. Let me let you on in a little secret of mine. Using a calculator will actually save you time in the long run. Sure it’ll take you 5 minutes a day, but it’ll end up saving you an hour a day.

Let’s face it, the more effectively that you spend your money, the more money and time that you’ll have in the end. Start figuring out how much money that you actually have to spend and you’ll save time. Days can be easily wasted by worrying and stressing about debt. To solve that issue, just go ahead and eliminate your debt in all. That’s what I did and now I am much happier than I have even been.