How I learned to use Excel to budget my monthly expenses
Sneha Aswani
Publisher Alliance

I’m a housewife and my husband is a marketing director at an FMCG company. Since he’s very busy, he lets me manage all household expenses and for this he allowed me ready access to as much money as I might need.

While this freedom was great, it also meant I didn’t have to put in much effort to plan, track, and manage my expenses. I realised I was being wasteful and that I could be saving a lot of money. When my friends asked me what my budget is for a trip with them, I had no idea.

That was when I decided it’s time to get more financially savvy.

I asked my daughter to teach me basic Excel and I created expense categories such as holiday, loan, education, grocery, etc. to record my expenses. I enter my expenses on my phone as I incur them and put them on an Excel sheet at the end of the week. My daughter helped me with a summation formula so we can see how much we spend in each category.

After doing this for two months, I sat with my husband on a weekend to evaluate the trends in the household expenses and set limits for each category for future months. I learned how to make graphs and other analyses on Excel and I’m enjoying this so much!

How I did it

Rahila Khan

I am a single mother of one. I lost my husband just 5 years into my marriage. Life has been a struggle for me, but I have managed it and today I have no complaints. 

I was a young widow with a 3 year old son when my husband passed away due to a heart attack. My parents were my rock… Read more

Piya Sharma
Chartered Accountant

I am a CA by profession. As my training has taught me, investing is a big part of my financial strategy. I am slightly risk-averse and invest heavily in mutual funds, FDs and ULIPs. I stay away from the stock market. 

As the household expenses are taken care of by my husband, I use most… Read more

Rajesh Singh
Corporate Executive

Growing up I did not have much other than the bare necessities. Though my mom tried her best, she could not fulfil our wishes. I always knew I had to study and improve my life. Today, I own a bike, a car and my own humble house. This has only been possible because of my prudent wife.

We… Read more

Suraj Chandwani
Gas Station Owner

I like to work hard and live a good life. I want to give the best to my wife and son, as well as my parents who live with us. I own a gas station in the suburbs of Mumbai. I had taken a loan to set up my business. So a major chunk of my earnings goes in repaying the loan. I also have a car loan… Read more