This project is a Personalize Budget Tracker developed in Microsoft Excel. It aims to provide a user-friendly and efficient tool for tracking personal finances, analyzing spending patterns, and making informed financial decisions.
Manually tracking expenses and income can be time-consuming and prone to errors. Without a structured system, it becomes difficult to understand spending habits, identify areas for improvement, and effectively manage finances. This project addresses these challenges by providing a centralized platform for recording and analyzing financial data.
The "Expenses Details" sheet is designed for recording all financial transactions. Users enter details such as date, category, description, transaction type (debit/credit), payment method, and amount. The date column automatically populates the corresponding year and month columns.
Automatic Date Updates: Enter the transaction date, and the corresponding year and month cells update automatically.
Comprehensive Table: Capture transaction details including Category, Description, Transaction Type, Payment Method, and Amount.
Balance Tracking: Monitor cash and bank balances with dynamically updating cells.
Cash Balance: Calculates using the SUMIFS function to sum debits and credits for specific payment methods ("ATM" and "CASH").
Bank Balance: Calculates using SUMIFS to sum debits and credits for all payment methods except "CASH".
Category Table: Calculate using the IF, AND, SUMIFS functions to analyze expenses and income of different categories. Then calculate the total expenses using SUM function excluding Income category.
The "Summary Dashboard" sheet provides a high-level overview of financial data. Users can select a date range, or month, or year to analyze spending. Category-wise expenses are calculated using the SUMIFS function.
Three charts visualize total monthly expenses and income of a year, total income-total expenses-net savings and category-wise spending.
Income Utilization Rate:Monitor the share of income allocated to expenses during the selected time frame.
Category-wise Totals: Calculate total expenses by category for any given date range, month, or year.
Dynamic Calendar: View a calendar that updates to show the current date.
Visual Charts:
Category-wise expenditure chart.
Total income, total expense, and net savings chart.
Visualize month-wise credit and debit for a selected year chart.
Data Entry: User-friendly interface for recording transactions. Automatic Date Calculations: Auto-populates year and month based on the entered date.
Cash and Bank Balance: Real-time calculation and display of cash and bank balances.
Interactive Charts: Visualize spending trends, category-wise expenses, and overall financial health.
Date Range Selection: Analyze spending within specific date ranges, months, or years.
Percentage of Income Spent: Track the proportion of income used for expenses.
Conditional Formatting: Highlights cash and bank balance cells with different colors based on predefined limits (e.g., green for sufficient balance, red for low balance).
Mastering Financial Management with FinTrackPro Presentation