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microsoft excel is the perfect software to create and maintain a budget here i have built a very simple but elegant budget template through which i can track my costs and revenues not only i can keep track of things but i can also see a quick summary of my overall budget so i can understand how my costs are how my revenues are with respect to what my budget is and what my actual values are and what the variance is and some additional statistics like what are my top five costs and top five revenues i can even calculate some extra things like profit from these values in this tutorial we are going to create this budget template using microsoft excel lets go we will start by creating a blank workbook for the purpose of this example let us build a budget for a hair salon so we will have two types of things to keep track of one is costs and other is revenues if you have only one set of values to track off then that is also fine so we will start by setting up an area where our costs can be