Introduction to Budgeting

Building a Monthly Budget

Length: 13 minutesAuthor: Austin FadelyComplexity: Hard

Now that we've learned how to track expenses and income, we can figure out what we're spending our money on each month and establish a budget. We'll be re-using the Excel spreadsheet to figure out how to sum up expenses by category and create different charts. Be sure to learn your SUMIF formula in Excel where the formula is =SUMIF(category range,reference cell,sum range).