A simple monthly personal financial statement provides a clear view of your income compared to your 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 provides a snapshot of your current financial status, ensuring you never overdraw, run out of funds for automatic payments, or lose track of how much cash you can safely withdraw at an ATM without incurring a fee. It also provides a quick overview of your monthly expenses, including what you are billed, what you are spending, and how much is left over for savings and other purposes.
I found several personal finance statement templates online, but none centered only on monthly income and expenses. I wanted a simple, customizable one that met my needs, not one I had to adapt to. My solution was to create one in Microsoft Excel.
If you don’t have any experience with Excel, the workbook I created (download below) can still be helpful.
Here are my criteria for creating a simple monthly personal financial statement.
- Provides a quick and easy-to-read overview of my financial status each month.
- Ability to easily update it to get my financial status on any particular day.
- Ability to easily customize it as my financial situation changes.
Rather than making 12 copies of 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 enter the corresponding month number at the beginning of the file name so they are in order. Here is an example of what my abbreviated file names look like.
- Jan 2038 Fin State
- Feb 2038 Fin State
- Mar 2038 Fin State
and so on…
Template & Example Download
Get a copy here: Personal Financial Statement
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To your financial fitness.