Keep your spending habits under control by creating a budget. You can track your monthly income and expenditures--and know when you’re headed for trouble.
Instead of buying an expensive accounting program, or buying several ledgers, you can set up all of your accounting statements in Excel. Balance sheets and income statements can be connected or “linked” to keep your finances in order.
Before you take out a loan, set up a spreadsheet to calculate your monthly payments at different interest rates.
Spreadsheets are simple to use. And although Excel has lots of features to learn, it shouldn’t take long to master the most important ones. Just have a little patience, and you’ll be an expert in no time.