Wherever you are in the world, be it New York City, the Philippines, Indonesia, or India, before technology makes things easier and before using the color palette, paint color palettes for Internet services, and your personal budget, if any. Paper, but the most popular is making money in Excel.
Now that apps and technologies have made many things easier, more accessible, and easier online, including managing budgets online. It is time to reconsider whether personal finance in Excel is over, including all documentation forms, Any financial plan, or any financial management present in Excel.
Benefits of managing your own money in Excel
The main benefit is that editing is done through the adding and planning process, so it’s easy to duplicate, send, and copy. Here are some other benefits of managing your own money in Excel.
- Easy to use
Anyone can write a task formula that can create different types of family budget system documents in Excel. Therefore, simplicity of construction is an important advantage, although the time it will cost is high to create a system and set a budget during its creation.
- Free
Another advantage of spreadsheet management in Excel is that it can be free if you spend a lot of time doing it yourself. However, since creating a family budget is not a fun day, many people look for unpaid paper or family budget papers.
- Easily Track Your Money
Money in Excel imports transaction details when all your bank accounts are connected to a single platform. No need to manually create a spreadsheet. Money in Excel handles everything automatically so you can track transactions. Open the sheet and click update for the latest transaction snapshots.
- Customizable
Money in Excel makes it easy to manage your finances. Customize these sheets with different spending categories and transaction types, and you’ll be able to stay up-to-date with your spending. And because the charts can be used for quick tracking of category-wise expenses, Excel is a very useful tool for dealing with budgeting.
- Helps to Learn Financial Management
Money in Excel helps anyone learn financial management and reach long-term goals. You can use professional teams or the platform’s user-friendly features to save. This tax-time platform tracks accounts and spending.
The disadvantageof managing your own money in Excel
The problem with personal finance in Excel is that personal money is in Excel! It’s placed on a PC or laptop, and it’s not helpful and informative. No one wants to sit and look at a wallet or piece of paper on the phone. Also, the time it takes to process these worksheets in Excel can be wasted with small amounts, accidental deletions, poor order, and everything not proportional to numbers and columns.
A corrupted system is difficult to recover unless you purchased your work in Excel.
Personal money in Excel is limited to the editor and cannot be easily applied to many budget decisions. Each spreadsheet developed in Excel is for one purpose only, not multiple uses. Losing a computer or laptop, a virus or malware attack, and identity theft from an unprotected system are obvious threats.
Free Excel spreadsheets collect personal data, add hidden shipping costs, or make you buy something more expensive later.
We cannot guarantee that you have purchased or paid for pirated or illegal OEM software. The certificates used in these areas may contain malware, spyware, or browser cookies to steal your data, which you may not know about.
Online personal money explosion.
Online money management has many financial benefits in Excel without any hassle. Of course, just one problem isn’t a problem at all. It costs more than free. However, you get a dedicated service. It never fails, you won’t lose it, and someone else will keep the links. In additon, there is a team of 100% committed employees.
No installation issues, encryption fees, or custom bugs. The best of them contain software packages to protect storage. They make it easy to use, access and store.
Thanks for your blog, nice to read. Do not stop.
Thanks Mark.