1. Create and format a row to show the months for the year (Jan-Dec).
2. Create and format a row, beneath the month row, to show yearly income for each month (Jan-Dec),and properly label the row and value.
3. Add each expense in a separate row (as identified in step 4) and properly label each row and value.
4. For the expenses and income, create a year's history by month. Use different values for each month. For example, for electric, you would pick a number between $125 and $142 for January, a different number between $125 and $142 for February, and so on. Feel free to make up the amounts you use for each expense.
5. Select an Appropriate style for your budget and apply it to your worksheet.
6. Create formulas or use the AutoSum function to have Excel calculate total the expense for each month.
7. Create formulas or use the AutoSum function to have Excel compute the Total Annual Income.
8. Create a formula or use the AutoSum function to have Excel calculate the Total Annual Expenses and properly label it.
9. Create a formula to determine the percentage of income used for each expense. Be sure to format it as a percentage. Place that formula in the column next to the total of each monthly expense.
10. Rename your worksheet tab to Budget Detail.
This solution provides a sample budget spreadsheet in Excel.