A simple monthly personal financial statement provides a precise view of your monthly income compared to your monthly expenses. This concise format does not include all your assets and liabilities. Instead, it focuses solely on your income and expenses for a particular month.
This gives you a snapshot of current financial status so that you never overdraw, lack funds for automatic payments, or lose track of how much cash you can safely withdraw without incurring a fee from an ATM or cash back during a purchase. It also provides a quick overview of how much you are billed, how much you are spending, and much you have left over each month for savings and other purposes.
I found several personal finance statement templates online, but I did not find any that centered only on monthly income and expenses. I wanted one that is simple and is customizable to meet my exact needs and not one that I must adapt to. My solution was to create one in Microsoft Excel.
If you do not have any experience with Excel, the workbook I made can still work for you.
If you don’t have Excel on your computer, you can use the FREE Open Office software to view and work with these files. To download a free copy, go to OpenOffice.org. For the Apple version, go to NeoOffice.org.
Here are my criteria for creating the simple monthly personal financial statement.
- Provides a quick and easy-to-read overview of my financial status on a monthly basis.
- Ability to easily update it to get an exact picture of my financial status on any particular day.
- Ability to easily customize it as my financial situation changes.
Here are the download links to an example and a blank of the Excel workbook.
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Rather than making 12 copies the Excel workbook for each month, I found that making a copy at the end of the month works best. That way any changes or improvements are included. Simply update it to the next month. Be sure to update the file name as well. I put in the number to correspond with the month at the beginning of the file name so that the files are listed in the correct order. Here is an example of what my file names look like.
- Jan 2038 Financial Statement
- Feb 2038 Financial Statement
- Mar 2038 Financial Statement
and so on…
To your financial health.