If you find creating financial spreadsheets a task that is a little to advanced for you, do not fear. There are other options for you that can combine and even exceed all the features even the most advanced personal finance spreadsheets can offer. The other options such as personal budget software may cost more than a spreadsheet you create at first, but are also powerful enough to pay for themselves with the advanced budgeting features they provide.
I think it is best to keep a monthly budget instead of an annual one. This is because things change monthly. You might need to spend extra money for a holiday party in November and December, and so forth. So we are going to make a monthly budget. However, what you need to do is first consider all of your yearly bills. These are bills that you pay once a year only.