Expense Planner Template

An expense planner template is a document that is used to track monthly or daily expenses. The format of the planner is made beforehand, but the rows are left empty. The empty rows are filled as each expense is made. Each expense and the total amount spent on each expense is specifically written in each column. At the end of the month or day, depending on the time period specified on the planner, the total amount spent is summed up and written separately. An expense planner also include the necessary details pertaining to monthly or annual income. This way, the planner provides a proper insight about how much money was earned and how much of it was spent. Moreover, the person also acknowledges the unnecessary expenses that can be cut down.

Expense Planner and Usages:

Expense planner templates are widely used by students who have to spend their money wisely, by organizations that want to track their sales or employee expenses, employees who want to track the expenses they make out of their monthly salary or by anyone in general that wants to track their expenses in a neat manner. These planners are mostly used by people when they are trying to manage their cash flow and reduce some of their expenses for any reason.

How to Make an Expense Planner?

Making an expense planner is an exciting way to prepare. There are multiple ways to prepare this format. An expense planner is usually prepared by using MS Word or Excel, because the expenses can be neatly listed in the rows and columns. Each column should have a specific heading about its constituents. The person who is making this planner should make sure to keep the format as easy and uncomplicated as possible. Some other few things to keep in mind when making an expense planner are as follows;

1. The name of the person who will be listing their expenses in the planner.

2. General contact information (cell no. or e-mail).

3. If it is made by an employee, they are required to address their department and manger’s name.

4. The planner should include a table which should incorporate empty space for the expense, the amount spent on it, method of payment, subtotal and overall total.

Benefits of Expense Planner

The expense planner template is then printed out and kept somewhere it can be easily accessible. When listing down the expenses, it is also considered an effective technique to attach receipts of each expense along with the document. This can be very helpful in case of any misunderstanding about the amount of money listed in the planner. They also act as a legal proof of all the expense made by the person. This technique avoids any false accusations.

• Expense planners help people achieve the habit of not spending excessive amounts of money on unreasonable things. For example, personal entertainment, dinners or shopping.

• It also helps employees to spend their monthly paychecks efficiently without going broke too early into the month.

• Organizations benefit from an expense planner because this helps them to keep an eye on all the places where the company is being used and on which date each expense is being made.

Template for Expense Planner