Say you have amounts in G7:G26 and frequencies in H7:H26.
You can select various frequencies (for example public transport – $16 per week, dining out $70 per month etc.) Start by entering your income and itemized spending.Click here to download free budget template. So in the spirit of making you awesome in life, not just Excel, let me share a simple but elegant household budget spreadsheet. Once you can track (or estimate) how much you are spending, it is easy to see how much you are paying your future self and what wiggle room you have. One of the simple ways to achieve this is by using a budget. You can simply download and practice from our workbook here for free.I believe in frugal living and paying yourself first. Read More: How to Create Minimum Variance Portfolio in Excel actual variance formula and an actual variance vs. Following, click on the Series Options icon > Series Options group > reduce the Gap Width using the arrow buttons.To do this, just like the 6th step, access the Format Data Series ribbon again. Moreover, we can widen the columns for better visualization of the whole chart.As we have chosen green as the first color and red as the second color, our chart will look like this.Subsequently, click on the Fill & Line icon > Fill group > put the radio button on the Solid fill option > Tick the option Invert if negative > Choose two colors for a positive and negative variance from the Fill Color icons.This will open a new ribbon named Format Data Series on the right side of the Excel file.Following, choose the Format Data Series… from the context menu.
To accomplish this, right-click on any column of the chart.Now, for better visualization, you can change the color of positive variance and negative variance. This will make your chart less scribbled and more attractive.Subsequently, untick the Axes and Chart Title option and tick the Data Labels option.
Following, click on the Chart Elements icon on the right side of the chart.
Follow the steps below to accomplish this.įirst and foremost, click on the E5 cell as you want your variance calculated here. Therefore, we can calculate and depict the budget vs actual variance formula in Excel very easily. We have monthly budget amounts and actual sales amounts for a shop in our dataset. Percentage Variance = × 100 %Īn Example of Budget vs Actual Variance Formula in Excel