Paycheck Budgeting: Step-by-Step Excel Guide

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Using Excel to budget your paycheck is a straightforward way to stay on top of your finances. Here’s a step-by-step guide:

1. Input Paycheck Total(s)💵 : $4,630

Start by entering the total amount(s) of your paycheck(s) into Excel.

2. Review the Expense Tab📅

Look at your expense tab and pull over all expenses that fall between this paycheck and the next, covering 8/16 to 8/29.

3. Allocate Bills📊

Assign each bill to its appropriate spending category: Essential- $1,822

Luxury- $168

Saving-$133

This helps you see where your money is going.

4. Review Leftover Amounts💰

After allocating funds, review what’s left. Decide how to use the remaining money—whether to save, invest, or treat yourself.

Using this method, you can ensure that every dollar from your paycheck has a job!

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