![]() ![]() Designating income and expense categories Format the budget sheet by adjusting the column widths, adding headers, and formatting the cells to make it visually appealing and easy to read.Ĭ.Once the new workbook is created, rename the default sheet from "Sheet1" to "Monthly Budget" by right-clicking on the tab at the bottom of the screen and selecting "Rename".Save the file with a name that represents your monthly budget, such as "Monthly_Budget.xlsx".ī.Open Excel on your computer and click on "New Workbook" to create a new file.Here's a step-by-step guide on how to set up a monthly budget on Excel. When it comes to managing your finances, creating a monthly budget using Excel can be extremely helpful. Introduction to common functions such as SUM, AVERAGE, and MAX.Understanding the use of cell references in formulas.Basic arithmetic formulas (e.g., addition, subtraction, multiplication, division).Introduction to basic formulas and functions Definition and purpose of cells, rows, and columnsĬ. ![]()
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