Start managing your budget like a pro using Excel as your ultimate tool. From creating a customizable template to utilizing Excel's formulas and functions for accurate calculations, this article offers essential tips on tracking your income and expenses. Learn how to categorize and set budget goals, and visualize your financial habits with dynamic charts and graphs. Get ahead of your finances with Excel.
Excel is a powerful tool that can help you manage your budget like a pro. With its variety of templates, formulas, and functions, you can easily create a customized budget that tracks your income and expenses, sets budget goals, and visualizes your financial habits.
To create a budget in Excel, follow these steps:
Excel offers a variety of formulas and functions that can help you calculate your budget and track your progress. Some of the most useful formulas include:
Here are a few tips for managing your budget with Excel:
Q1: What are the benefits of using Excel to manage my budget?
A1: Excel is a powerful tool that can help you track your income and expenses, set budget goals, and visualize your financial habits. It is also easy to use and customize, making it a great option for people of all skill levels.
Q2: Is there a free Excel budget template available?
A2: Yes, there are many free Excel budget templates available online. You can find a template that meets your specific needs by searching for "Excel budget template" or "free budget template."
Q3: How often should I review my budget?
A3: It is a good idea to review your budget regularly, at least once a month. This will help you stay on track and make adjustments as needed.
Q4: What are some tips for saving money on my budget?
A4: Here are a few tips for saving money on your budget:
Q5: What are some of the common budgeting mistakes to avoid?
A5: Here are a few common budgeting mistakes to avoid:
In a much-awaited move, the RBI announced a 25 basis point (0.25%) cut in the repo rate, taking it down to 6.25%. This decision comes in light of the recent budget announcement which introduced tax relief for individuals earning over ₹24 lakh annually. The rate cut is expected to make home loans more affordable, with potential savings of up to ₹22,000 per month for individuals with a salary of ₹25 lakh and a home loan of ₹50 lakh. This, coupled with the income tax slab changes, means a substantial boost for the middle class in the upcoming financial year.
In a move to further establish itself in the market, food delivery company Zomato Limited has officially changed its name to Eternal Limited. Despite the name change, the brand will still be known as Zomato. The decision to change the name came after the company's acquisition of Blinkit and its increasing significance in the company's future plans. The successful listing of Zomato on the stock market in 2021 and its inclusion in the BSE Sensex in 2024 solidifies its position in the industry.
The Fortis Hospital Bannerghatta Road in Bengaluru launched the Fortis Stride Support Group, a unique initiative focused on joint health and recovery under the guidance of Dr. Narayan Hulse, the Principal Director of Orthopedics. The support group aims to connect patients, caregivers, and healthcare professionals in a supportive and informative environment to share experiences, gain expert insights, and access valuable guidance for improved recovery. The inaugural event saw impressive participation, with inspiring patient stories, informative presentations, and discussions about effective strategies for recovery. Minister Ramalinga Reddy and Dr. V V Chiniwalar, a senior surgeon and President of IMA-Karnataka, shared their personal experiences with robotic knee replacement surgery and how it has positively impacted their lives. The Fortis Hospital team is committed to providing ongoing support and empowering individuals on their journey towards a stronger and more active future.
Shantanu Naidu, a close confidante and friend of the late Tata Group chief Ratan Tata, has now been promoted to General Manager and head of Strategic Initiatives at Tata Motors. Naidu, who previously worked as an executive at Tata Group, took to LinkedIn to announce the news and shared a heartfelt note, expressing his gratitude to his father and the company. Naidu's new role marks a full circle in his life, as his father used to work at Tata Motors and Naidu himself completed his graduation from Pune University in 2014.
Shantanu Naidu, an MBA graduate and longtime associate of Ratan Tata, has been appointed as the General Manager and Head of Strategic Initiatives at Tata Motors. Naidu, who shares a deep connection with the Tata Group, reflected on his father's past employment at Tata Motors and his own unexpected journey to working with the tycoon. Their bond goes beyond professional, as Tata named Naidu as his Executive Assistant and supported his NGO, Motopaws. Naidu's new role highlights the close relationship between the two and their shared commitment to socially impactful projects.
After its debut on the stock market, ITC Hotels' shares were removed from the benchmark Sensex and other BSE indices, causing a drop in its share price. The demerged entity of FMCG conglomerate ITC had seen a volatile start, with shares dropping for the fourth consecutive session. The demerger was part of a larger plan by ITC to allow its hotel business to focus on growth and maximize shareholder returns.
Allegion, a leading global security products and solutions company, announced its acquisition of Next Door, a privately held business, to strengthen its presence in the Americas. The acquisition includes Next Door's brands and assets, and will be overseen by Allegion's senior vice president Dave Ilardi. Next Door's owner, Justin Schechter, will join Allegion to assist in the transition and drive growth for both companies. The terms of the deal have not been disclosed.
Kalyan Jewellers, one of India's largest jewellers, reported a significant increase in consolidated net profit for the third quarter of the 2024-25 fiscal year due to strong sales. The company's stock saw a surge of nearly 13%, reaching Rs 496.80 on the BSE and Rs 496.85 on the NSE. With a 40% increase in total income and plans for expanding showrooms, Kalyan Jewellers is set to end the financial year on a high note.
Get ready to invest as two companies, Dr Agarwals Healthcare and Malpani Pipes and Fittings, are all set to launch their initial public offers this week worth a combined total of Rs 3,053 crore. Dr Agarwals Healthcare, a Chennai-based eye care specialist, will have an IPO worth Rs 3,027 crore, while Malpani Pipes and Fittings, which specializes in pipe fittings, will have an IPO worth Rs 25.9 crore. Both companies will open for bidding on January 29 and are expected to be listed on February 5.