Last month, I added a new spreadsheet section to the blog. One spreadsheet is the Expense Tracker. If you followed my last post about it, it measures your expenses against income giving you dollar figures to see where your money is spent. It deducts taxes also to predict what you will have left over at year end. This week I made a few modifications to this spreadsheet.
Up until now, the expense tracker only gives dollar figures. I have added two more columns which will tell exactly what percent of gross and net income the expenses account for. This way, it is a little more transparent and makes it easier to allocate expenses to any given area. It will tell you exactly what percent you are saving, investing, or spending. Using this information you can adjust your spending habits or cut out unnecessary expenditures, resulting in more income left over at the end of the year.