Bi-weekly pay period blank Excel budget form

NOTE: I made a new Monthy, Bi-Weekly, Weekly combined form.

Back in February, I promised a bi-weekly version of my Excel budget form. Now it is available in two juicy flavors:

  • Monthly
  • Bi-Weekly

It is very much like the paper budget forms provided by Dave Ramsey. Column B is the category, and columns C-E are how much you have budgeted for that pay period. Place a 1 in the first cell of each column to activate that pay period, or put in a 0 if the pay period is still in the future. That will affect the amounts in the green column. Column F in the auto-calculated total budgeted for the month. Column H is how much you have spent so far this month, so at the beginning of the month these will be all zero. Now column H is all formulas, since I didn’t want to do math every time I wrote a check. So if you look at the second sheet “Actuals” you see a similar chart showing the same first columns. Starting in column D, you can just enter one check per cell. So for example if you have spent $5, $20, and $15 on food, go to the food line and put 5 in column D, 20 in E and 15 in F etc. The total will automatically show up on the “Budget” sheet in column H.

Column I is simply a formula letting you know how much is left in that “envelope” for that category: i.e. Budgeted(F) – Actual(H).

The balances at the bottom are just for checking your math: Balance F should always be zero if your budget is balanced. Balance H should be exactly the same as the balance in your checkbook. Balance I should be the same as Balance H but reversed. If it is not, then there is a broken formula in the spreadsheet somewhere.

The tables on the right side:
The allocated savings register for you to record all of your savings goals, there is a formula for percent there but that is all.

The next table is the debt snowball table. The first column is the name of the debt, then the original amount, which is not really needed except that when you call in to scream “I’m debt free“, Dave will ask you how much debt you paid off, and if you didn’t write it down you won’t know. The next column is how much the current principle balance on that debt is, and then you have a nice little percent.

The Upcoming table is a list of infrequent bills that I always forget about. I don’t think that Dave has a form for this, but I needed it so that I remember to save up for big annual bills like car registration or quarterly insurance payments.

The next section in the black box, is what I call the motivating statement. It is what encourages me to keep going, when I can look at the budget taped to the side of the fridge and see in huge letters: “We saved $3,963 and paid off $16,883 in debt” it keeps me focused on the goal.

26 thoughts on “Bi-weekly pay period blank Excel budget form”

  1. I just wanted to say a quick thank you for the budget sheet. I’m one year out of college and my credit is a mess. I’m on a spending diet and your template saved me a good long time on the computer!

  2. Thanks for the blank budgets! I made one in excel but your looks so much nicer. Nice job.

    /cs

  3. Thank you for your help, I am just beginning to save at 31 years old. I need every bit of help I can find as I finally begin to make steps to secure my families future. Your budget sheet looks great and your explanation is straight forward. Thank you for taking your time to help others.
    Best
    KP

  4. thank you so much for your spreadsheets…th
    they are wonderful. i need your help
    though. i am not able to pull up the
    biweekly one. it goes to that page
    but there is no link like for the
    monthly. thanks again. tl

  5. Thank you for sharing! I just started to program and this will be of great help. I work with Excel a lot, but you did way better than I did.

  6. Hi Jeremy, thank you so much for these two spreadsheet, you rock bro. I am also going through FPU right now and am amazed of all things I didn’t know and should before getting in so much trouble.

    Question, do you have a weekly pay period spreadsheet? Me and my wife get paid every other week, but we intercalate, so every week there’s money coming in for our household.

    Thanks again, God Bless!

    Jose.

  7. your bi-weekly formulas are not working properly. I like the layout but how do you get it to work? in some of the formulas there is an Fcolumn where is it/ help

  8. These budget sheet are awesome I have just recently decided to take control of my financial life and these tools are going to make it easier to do that. THANKS a million.

  9. Thank you so much for this excellent spreadsheet. I have been looking for something like this for the last year. It is excellent!

  10. This is exactly what I was looking for!! THANK YOU! I am going to be able to reach my goals faster being able to see where the $$ is going.

  11. Hi. I would like to say thanks for the great sheet. I have returned 4 books and just saved 66.00 in fees.
    I do have a question though.
    I get paid every two weeks, if I am trying to plan my budget before my pay check arrives and I base it on say 1300. bring home, do I put that in week two? Also, once my check comes and it is more than the amount of 1300. (I hope) what do I do then? Because my balance will be different than the check book balance, right? I was also trying to love the D ramsey way and with trying to guess about your budget and filling in the numbers it is hard to -0_- out. for planning purposes I plan my checks, and bills, but if there is xtra where do you allocate it? to make it zero?
    also if you want to insert a line, how do you make all the formulas go into the new line you have inserted as well as make them work on actuals.

    Sorry for all the questions, but I am just trying to use the file correctly as well as understand what I am doing.
    thanks in advance
    Laura

  12. thanks a million! there are so few bi-weekly budget templates, and this is one is as detailed as i’d make it myself, if only my excel skills were up to snuff.

  13. Does H really reflect the balance of your check book? If so then I am doing something wrong.. F has been showing what the balance of my check book is, that is until I allocate ALL the money to a spot.
    Also if you are supposed to allocate all your money, then do you have checkbook residual?

  14. At the beginning of the month put the current balance of your checkbook into Carryover (C5) and then get Budgeted Total (F1) to equal 0, The Actual Total (H1) should match your current checkbook balance.

    If you follow your budget 100% then your checkbook should hit $0 on the last day of the month. But normally there are some categories that you will not spend and let build up over time, so in practice you will never hit $0. What I do is leave an extra $500 or so in the checking account, so for me, H1 + $500 == my bank statement.

  15. Downloaded the budget worksheet but every time I try to use it it wants me to install something for Microsoft Front Page (which I don’t have).

  16. Love your budget form. Is there a simply way to modify the excel doc to add additional items/more detail to the budget and copying the formulas into the new cells?

  17. Thank you. Thank you, thank you, thank you. This was exactly what I needed to get us back on track, and I had no idea how to do it in Excel. I can’t thank you enough, and it feels so good to have the numbers all worked out again, even if they’re not what I wish they were.

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