Hi! I’m Alexandra.
I am a fee-only, fiduciary, CERTIFIED FINANCIAL PLANNER™ professional, Financial Coach, and Student Loan Expert dedicated to serving early-career professionals.
What is the goal of your workflow? What problem does it solve, or how does it help you?
Don’t we all just want to know how much we can spend today? How is that impulse buy going to affect your cash flow for the month? How does your spending affect how long it will take you to pay off your debt?
Well, look no further because this sheet answers those questions and so much more!
This template can help you:
Track your spending by category over time
Tell you how much you have left to spend for the month & day-by-day
Breakdown how much you planned to earn and spend, compared to how much you have so far
Show a simple view of your monthly budget by fixed or flex expenses
Display your total income and expenses for the last 12 months
Check off bills as they are paid or scheduled
For more, check out the template preview. Links are at the top and bottom of this post.
Fixed v. Flex Expenses
Fixed expenses are those that are close to the same amount every month. Things like your utilities, rent, insurance, and childcare. Once these items are paid - just check them off for the month!
Flex expenses are things that you have some control over how much they are, like your groceries or transportation costs. This category also includes expenses you could do without, but are a part of your routine. Think coffee trips, shopping, and eating out.
By tracking these types of expenses separately, you’re can quickly see what you can cut back on if needed.
With the savings tracker and savings over time chart, you can quickly see what your savings account will grow to in a year.
This sheet is smart enough to include your employer match, grow each account by a different rate, and show the growth of your savings over time.
This template can track up to 20 savings accounts.
This sheet compares 3 strategies to pay it off:
SnowBall that adds extra payments that update as your leftover cash does (as you’re spending!).
It’ll even show you the payments and balance overtime by strategy.
Using the debt tab, you can update extra payments by month. For months that you need more to spend - reduce it, for months you can send more - increase it!
This template can track up to 20 debts.
How did you come up with the idea for your workflow?
I have coached hundreds of people, and this sheet reflects that experience. Some of my clients need help just spending less than they make, others have debt they are working to pay off.
This sheet was born from my 4+ years working with and listening to the needs of everyday Americans.
Please describe your workflow. What are the sheets? Does it use any custom scripts or formulas?
No custom formulas, but there are many advanced ones and nested within each other. I added AutoCat from the “Tiller” add-on, but it is not required to make the sheet work.
How to Guide - a step-by-step guide to using this sheet
Debt Calc - where I’m running a debt calculator for minimum payments using the snowball method with extra payments
Hidden tabs include:
Spending - where I’m running the math for spending tracking
Savings Calc - where I’m running projections for savings
Debt Calc (min snowball) - where I’m running a debt calculator for minimum payments using the snowball method
Debt Calc (min only) - where I’m running a debt calculator for minimum payments only
Anything else you’d like people to know?
Please check out the template; I’d love feedback on how to make this even better! Feel free to reach out to me to request a feature or if something is broken - even if it’s due to operator error
Is it ok for others to copy, use, and modify your workflow?
If you said yes above, please make a copy of your workflow and share the copy’s URL:
If you love my template, be sure to vote! #spreadsheetnerdsunite