How Can I Save More Money
The first step in saving more money is to pay off your high-interest debt. Once that debt is paid off, you can use the money you used to spend on monthly payments to build your savings.
But a budget is also a great way to save more money. Once you take control of your spending and track it in categories so you know where its going, youll start to see places where you can cut back.
You might find subscriptions you arent using anymore. Or you might decide youd rather cook a bit more often instead of ordering takeout.
Budgeting isnt about depriving yourself of the things you love. Its about making sure youre spending your money where you really want to spend it, so you can do more both today and tomorrow.
Formatting Data For Pie Charts
Getting your data ready for a pie chart is simple.
Just make sure that your categories and associated values are each on separate lines:
In this example, well use the number of units sold for a range of products.
Weve put each category and value on a row, but you can also separate them into columns. Excel can interpret both formats.
Thats all there is to it. Now youre ready to create a pie chart!
How To Determine And Enter Monthly Expenses
The rest of the budget maker is dedicated to capturing your monthly expenses. Some of these will be specific numbers. Others will be estimates.
This budget calculator guide will walk through each section, step by step.
Mortgage or Rent: Enter the amount of your monthly mortgage payment in the mortgage box, or the amount of your monthly rent in the rent box of the budget calculator.
If youre a homeowner and your property taxes are not included in your mortgage payment, divide those taxes by 12 and add that amount to your mortgage to make sure your property taxes are covered in your monthly budget.
HOA Fees: HOA fees are homeowners association fees, but the budget calculator is flexible, so you can use this box however you need to.
You can leave the box blank if it doesnt apply to you. However, you can also use it for things like storage rental fees, monthly pet fees or parking fees from your landlord, or any other home-related expenses that arent otherwise covered in this section of the budget maker.
Home insurance: Use this box for home insurance or renters insurance. If your home insurance is included in your mortgage payment, dont enter it again here. Each expense should only be captured once in the budget calculator.
Repairs/Maintenance: Most renters dont need to pay for repairs and maintenance on their rental property. If that applies to you, leave this section blank.
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Who Decides Your Ideal Family Budget Pie Chart
But before we get into drawing our budget pie charts, Im sure you may already know there are recommended percentages of what proportion of your income should go to certain categories. While I appreciate the intent to try to provide some general guidance for people figuring out how much to spend on their mortgage or groceries, for what persons life were these percentages created? Certainly not mine.
Just perusing the web content on percent of income for budget categories you quickly see things like health costs, recreation, insurance, food, taxes are all mentioned, but none I found in my perusal included childcare . In discussions of childcare elsewhere, a figure gets tossed around that this cost should be limited to 10% of income. Ive already gone into this topic in some depth, but, in short, I vehemently disagree with that number! Something that is both temporary and an investment in your long term earnings should not be limited to 10%. Some note health expenses should be 5-10%, others lump that into insurance, many include transportation at 10% or more. So even the recommendations vary a bit.
Use The Savings Calculator To Plan For Annual Emergency And Unexpected Expenses To Avoid Debt
A savings calculator is built right into the worksheet so that its easy to see the amount of money you need to set aside for annual, emergency and unexpected expenses. Expenses that you dont expect, or which dont occur on a monthly basis, can cause you to reach for a credit card. Then it can feel like your spending plan is off track as you try to get out of debt.
Using the budget calculator spreadsheet will help you identify the different types of expenses that you need to plan for and what to save for each. It will also help you learn where to trim your spending so that you have the money to set aside in savings for short term goals and long term plans.
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How To Make A Pie Chart In Google Sheets
- OnSeptember 4, 2020
Its easy to visualize actual spending by category using a pie chart in Google Sheets.
Tiller Money makes this even easier by automating your daily banking transactions and balances into the Google Sheet.
AutoCat in the Tiller Money Feeds Google Sheets add-on takes it a step further by making transaction categorization faster, and more customizable.
If youre using the Tiller Money Foundation template for Google Sheets and are curious on how to build a top 10 expenses pie chart for your budget follow along below.
Create A Chart That You Can Share
Project management teams need to create project budgets in order to ensure they are staying within the total budget throughout the project. One way to keep track of a costs is to create a project budget chart.
Project budget charts can be bar graphs, pie charts or some type of similar chart. To easily convert your data into these charts, you may want to consider using Microsoft Excel. With Excel, you can quickly update your spreadsheet with new information, allowing you to get real-time updates on whatâs going on with project costs.
You can then share this with your team via email or another sharing method. Or, you can upload your spreadsheet to Google Docs for teams spread out across the country or the world. You will just need to download the file to convert it to a physical graph.
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Formatting The Series Options
Again, while the default settings are enough in most cases, there are few things you can do with Series Options formatting that can make your Pie charts better.
To format the series, right-click on any of the slices of the Pie chart and click on Format Data Series.
This will open a pane with all the series formatting options.
The following formatting options are available:
Now let me show you some minor formatting that you can do to make your Pie chart look better and more useful for the reader.
- Highlight one slice in the Pie Chart: To do this, uncheck the Vary colors by slice option. This will make all the slices of the same color . Now you can select one of the slices and give it a different color
- : In case you have a slice that you want to highlight and analyze, you can use the Point Explosion option in the Series option tab. To separate a slice, simply select it and increase the Point Explosion value. It will pull the slice slightly from the rest of the Pie Chart.
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Begin Anywhere With Moqups
Your diagrams and flowcharts dont have to remain in a silo. You can quickly link them to other visual assets like wireframes, mockups, charts, and graphs all within the same Moqups project!
Moqups lets your team create their own workflow and go where the project takes them by removing the blocks, barriers, and obstacles of single-purpose apps.
How To Make A Pie Chart Online
You can also use the free pie chart maker tool from Canva . Make big-picture categories that fit into the context of your life, lumping things together where that makes sense to you, separating pieces out that you feel need separate attention. For example, I put all spending as one category. But you could separate out groceries if you wanted to keep a closer eye on any particular important or problem categories. Be thoughtful about how you divvy up to make a good big-picture visual of what your total annual income is doing.
But if you arent a binge clothing shopper, theres no reason to pour over your account statements for the past year finding all your clothing purchases just because other people budget that separately. Think about what is relevant for your family.
For each pie wedge category on your list, calculate how much you spend as a percentage of your income annually . Then type in those categories and percentages to the Canva tool.
Here is our most recent years pie:
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Pie Chart Pros And Cons
Although Pie charts are used a lot in Excel and PowerPoint, there are some drawbacks about it that you should know.
You should consider using it only when you think it allows you to represent the data in an easy to understand format and adds value for the reader/user/management.
Lets go through the Pros and Cons of using Pie charts in Excel.
Lets start with the good things first.
How Do I Make A Pie Chart In Google Sheets
How to Make a Pie Chart in Google SheetsSearch Google Sheets and open a new spreadsheet on your browser.Paste or type your data into the spreadsheet, select all the data and titles, and navigate to Insert > Chart to open the Chart editor.You can select a pie chart type that you like on the menu.More items
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What Does A Normal Personal Or Household Budget Look Like
Budgeting and money management guidelines for after-tax income and to avoid debt
Theres no such thing as a normal budget, but based on tens of thousands of credit counselling appointments, weve been able to create Canadian guidelines for how people will generally want to spend their after-tax income to avoid getting into debt.
Everyone allocates their money for personal or household expenses and savings a bit differently. This free spreadsheet includes our very popular budgeting guidelines so that you have an idea about how your spending compares to that of other Canadians with similar sized households.
Creating Exploding Pies And Exploding Slices
The exploded pie option can be easier to read if there are a lot of values in your data set. If you want to emphasise a particular value, use the exploding slice option.
There are a couple ways to create exploding pies and exploding slices.
2. Add the exploding pie after you create the chart. To create an exploded pie, click and drag any slice, and the chart will adjust.
3. To explode a single slice, click once on the pie to select it, click on the desired slice, and then drag it out of the pie.
Note: If the two clicks are too close together, the Format Data Point window will appear.
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Adapting A Pie Chart Template Is Simple With Adobe Spark
Adobe Sparks online pie chart maker tool makes it easy to enter your collected data and turn it into a beautiful chart. An intuitive interface makes it simple to enter your data and even simpler to customize. Get started with our steps below as you use Adobe Sparks pie chart generator for your next big project.
Add Formulas To Automate
To make your Excel budget look a little cleaner, select the entire section. Then, use the borders tool on the workbooks Home tab and choose All Borders. To make it even easier to read, you can also shade a few areas.
Once you like the look of your budget spreadsheet, its time to add the formulas that will automatically calculate everything for you. In the example below, I added Total to the B11 cell. However, you can add it at the bottom of however many sources of income you want to track.
After you have your Total label, select everything in the Planned column and use the AutoSum feature to get your total for the month. Alternatively, you can also select the last line in that column and input the formula =SUM. Of course, youll want to replace the E4 and E10 designations with the range of cells you want to add together. Repeat this process for your Actual and Difference column.
To automatically calculate the difference between your Planned and Actual income, input the formula =SUM after each row. Again, replace the F4 and E4 with the cells corresponding to your Actual and Planned sections. Repeat this for each row of income.
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Is It More Important To Pay Off Debt Or Build My Savings
The answer to this question is specific to you, but there are a few guidelines that can help in making this choice.
Visualize Your Businesss Monthly Or Quarterly Estimated Expenses Using This Budget Pie Chart Infographic
Presenting large budget figures might be tough sometimes, but not when you have this budget pie chart infographic template to easily take all your data and summarize into an easily comprehensible pie chart.
Use our library of 10,000+ vector icons and 1,000,000+ stock photos or your branded colors, fonts and logo to customize this template. Add new blocks to combine this template with other infographic templates or charts to make the infographic as compelling and informative as possible.
Click Use this Template to get started. If you want to explore more design ideas and categories, check out our collection of 500+ professional infographic templates.
Edit this template with our infographic maker!
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