Step 1: Open the Monthly Budget Template

• Download the file
• Save a copy of the template with a new name

**Step 2: Customize the Income Section **

• Replace placeholder text in the "Description" column with actual income sources (e.g., salary, freelance work, investments).
• Enter the corresponding amounts in the "Balance" column.

**Step 3: Customize the Expenses Section **

• List your expenses under the "Description" column (e.g., rent, utilities, groceries, subscriptions).
• Enter the expense amounts in the "Balance" column.
• Ensure the total expenses are calculated correctly.

Step 4: Format and Organize Data

• Apply formatting for better readability (e.g., bold headers, alternating row colors, currency format for financial figures).
• Apply filters to sort income and expenses by category.

Step 5: Add Additional Budget Categories

• If necessary, insert new rows for additional income or expense categories.
• Create custom sections such as "Savings," "Investments," or "Debt Payments" to track specific financial goals.

Step 6: Calculate Net Balance

• Subtract total expenses from total income to determine your net balance.
• If negative, adjust expenses or increase income sources.

Step 7: Set Financial Goals

• Use the template to set monthly financial targets (e.g., saving a percentage of income, reducing unnecessary expenses).
• Add notes or comments to track progress.

Step 8: Save and Share

• Save the completed budget as an Excel file or PDF for easy access.
• Print a copy or share it digitally if needed for personal or household budgeting discussions.