Do NOT start a website (project) without this: Budgeting and Expense Tracking Template

Aleksandar916

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You (usually) got to spend money to earn money. But don't be reckless in spending, trust me, I've been there, not knowing where my money went and wondering how I'm broke.

I became a freak for spreadsheets, I like to create them for life expenses, income, even tracking progress in video games or workout. @Willyfish recently mentioned that the forum lacks resources for budgeting and scaling, so I thought I’d adapt and translate one of my sheets and share it with everyone.

What’s this:

It’s a Google Sheet spreadsheet template designed to track expenses for your projects. Don't want to read further? LINK IS HERE
It is originally made for building a website from scratch, but it can easily be customized for any other project. The sheet can be downloaded and used in Microsoft Excel too.

You start with this:
scr1.png

To get this:
scr2.png

Who needs this?

If you ask me, everyone. Tracking expenses on anything is very important for a number of reasons:

  • Know how much you’ve invested
  • Plan further expenses
  • Evaluate website worth better*
  • Scale future projects
*I know how much you’ve invested doesn’t equal how much the website is worth, but you should know that so that you don’t end up losing money when selling.

But OP, I’m not spending anything on my website

Good for you for being resourceful, but there’s always expenses like overheads (hosting, domain, software subscriptions, electricity and internet) and your time. Track your own hours as expenses (how much you’d like to be paid for per hour and add it as an expense).


Now that I’ve answered what (I think) are the FAQ, here’s the spreadsheet:

LINK IS HERE

Please note that the spreadsheet is in view only mode, so you will not see options for dropdown menus and similar. Once you copy it to your drive, it will work.

Short guide on how to use it:
  1. Copy it to your Google Drive or Download as Excel file
  2. Delete sample items I've added
  3. Start adding numbers.

This spreadsheet is meant to be used for a single calendar year, when you enter a new year, simply duplicate the current sheet and start the 2022 one.

Glossary:

Item - Place where you put whatever you bought. Put any words, it does not affect the sheet and pie chart. Be descriptive (For example bought backlinks from someone, you can put in what backlink, from who and what websites)

Cost - Obviously, how much you paid for something. It will be automatically added to the selected category and month

Category - Drop down menu of most used categories I could think of. Once you select, the amount from the “cost” category will be automatically added. This list can be modified.

Month - Another drop down menu, will allow you to track expenses per month, the amount from the “cost” category will be automatically added.

Date - Just add date for more clarity on when you’ve purchased something. Could be useful to track TAT of a service, for example. Remove if you don’t need it.

Total per category - This will automatically add the sum of all costs per category.

Total per month - Same as above, just for months

Overview charts - Visualization of the two tables above, also showing percentage of cost per category.

Balance - This is useful if you have a fixed budget for a project. “Starting balance” is your budget and “Balance” is automatically calculated based on expenses added.

IF YOU NEED CHANGES OR HELP WITH THE SHEET:
Please feel free to contact me. If you don’t know how to change something (for example drop down menu for categories), don’t hesitate to leave a comment here or to reach out to me and I’d be happy to help you as much as the time allows me to.

More sheets coming soon
If you find this sheet useful, I’ll be creating more of these. I’m happy if it helps even just one member. The first ones I think of are income tracking and life expenses tracking (already ready and using this one). I am happy to hear more suggestions and to create new ones.


LINK TO THE SPREADSHEET IS HERE

Thanks for reading!
 
Hey buddy, thanks for the very nice post and simple explanation.

Very helpful for people who didn't track their budget.

I also do it for everything, it's important to know exactly how we stand financially in our life! Not only for our online marketing activities!
 
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Hey buddy, thanks for the very nice post and simple explanation.

Very helpful for people who didn't track their budget.

I also do it for everything, it's important to know exactly how we stand financially in your life! Not only for our online marketing activities!
It changed my life once I started tracking expenses and budgeting. I love it so much I want to share it with everyone! :)
 
This is perfect and everything should always be written down.

One of those things and little tricks that can help in everyday life.

I don’t write it all down but I write what I need to do, ideas, etc...

I find that nowadays remembering everything we need every day is almost impossible.
 
This is perfect and everything should always be written down.
really useful post !
You're a beast OP
Thanks for the feedback, glad you find it useful.

How would you approach tracking income in the same sheet?
I would not do it in the same sheet, I'd create a separate sheet (in the same spreadsheet document) with income tracking.

You can also do a balance sheet (either as a third option or do one small chart in income sheet) that combines expenses and income into one chart or more charts.

I'll work on an income sheet and share it here soon. If you need something urgently, please feel free to comment here or via PM and I'll try to help you out, but I do plan to post that sheet later this week or the following week.
 
Great post. I hate tracking but we hate things we're not good at, so i guess i gotta start tracking better...
I used to hate it too, but then I discovered the wonder of spreadsheets (they made it easier) and after a while, I started enjoying it.

It doesn't take long to create a habit, but it'll surely benefit you.
 
I use to make estimate expenses when starting a site whether for me or a client but never keep track in such detailed fashion.
Valuable share op. Thanks
 
Someone has requested me access to edit the document. Please note that I cannot allow you access to edit the file you're viewing, but you can easily copy it by clicking on File -> Make a Copy -> Just select where to go and copy it, as in the screenshot below:

copy.png



I use to make estimate expenses when starting a site whether for me or a client but never keep track in such detailed fashion.
Just wait until you start using it for months and when you have a detailed data to show to your clients! Glad you like it.
 
I would love to use it as my expenditure and resource tracker.. Thanks for dropping it here.
 
This is perfect and everything should always be written down.

One of those things and little tricks that can help in everyday life.

I don’t write it all down but I write what I need to do, ideas, etc...

I find that nowadays remembering everything we need every day is almost impossible.
It should actually be easier, with smartphones and the cloud everywhere. As for tracking my expenses, I don’t do that. Maybe I should give the OPs file a shot.
 
It will be good if you make one for income, and for link building ( like build on this date Guest post from this one to this URL with this anchor, etc... :)
Thanks for the suggestion! I'm almost done with one template for income, although that one will be more related to sales (like a small CRM spreadsheet that shows who's buying what and how much + which payment processor) and shortly after I plan to share one for income (from websites, YouTube, social media, affiliates, etc), it's not really easy to make a template for both under one sheet.

Link building is a great suggestion (actually perfect for BHW), I was thinking of sheet for all backlinks (instead of just guest posts), but I thought maybe people wouldn't want it because everyone's already using tools like Ahrefs. I'll put it on my list, you can expect it soon :)
 
I heard about many softwares that can manage balances, debts, expenses ..etc but yet i prefer to stick to my spreadsheets :p i've got a whole one for my life expenses, separated on categories : food,transportation, pleasure, learning ..etc to see where my money goes. & got another one for my projects with Balances, debts (for offline projects) and expenses, i even added a couple of tables to calculate exact costs, (studied accounting in college) i got obssessed with the ABC tables, and even though it took me a hell of time to set them up (i do changes them regularly) until i got the final version, they helpem me a lot and hope your share would help others achieve higher level of productivity. Well done bro !
 
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