We’ll use the above examples as the monthly income to show how to create a budget spreadsheet in Google Sheets, but if you don’t have a pay stub handy and want to calculate your own take-home pay, there are salary paycheck calculators out there that can crunch the numbers for you. For instance, you might write freelance articles for a website, earning $200 per month. If you have a side hustle, be sure to calculate in any earnings from that as well. This leaves you with a take-home pay amount of about $1,460 every other week. You contribute 5 percent of your pre-tax income per paycheck to your 401(k), pay $150 per paycheck for medical, dental and vision insurance, and also pay the standard state and federal taxes. Look at your paystubs to understand your take-home pay and the amounts you’re contributing to insurance, retirement and taxes.įor example, let’s say you make an annual salary of $60,000, receiving 26 paychecks per year and live in New York.
Take inventory of your financial situation.įirst things first. Here’s how to create a budget spreadsheet using Google Sheets. So it’s time to take control of your finances and finally start budgeting like a boss.
If you’re not careful with the number of lattes you sip and bagels you buy, you can rack up debt and spend beyond your means. Spending money is often easier than saving it.
