Open Excel and create a new blank workbook
Rename the first sheet to Budget
Create columns for Category, Planned Amount, Actual Amount, and Difference
List income sources in one section
List expense categories in another section
Enter planned amounts for each income and expense item
Enter actual amounts as you spend or earn
Use a formula to calculate Difference as Planned Amount minus Actual Amount
Use a formula to total all income
Use a formula to total all expenses
Use a formula to calculate net budget as total income minus total expenses
Format currency cells as money
Highlight overspending with conditional formatting
Add charts if needed to visualize spending
Save the workbook regularly
Update the budget weekly or monthly