EASY Guide: Where Did My Money Go? (with Free Worksheet!)

Where Did My Money Go Worksheet Free Tutorial

Do you often wonder: “Where did my money go?” You know that you had this amount and that amount, but you just can’t seem to figure out why you suddenly have an empty wallet or zero balance in your bank account. Let’s sort that out so that you’ll never have to wonder where your money went. At the end of this post, wondering where does your money go will be a thing of the past!

In this post, we will teach you how to manage your funds and track where your money is going with the help of an Excel sheet that we will also be giving out FOR FREE at the end of this post. And, to guide you how to use the worksheet, there’s also a quick video tutorial.

Managing Your Money is Important

Learning HOW TO MANAGE YOUR MONEY (including asking “WHERE DOES YOUR MONEY GO”) is such a key component of adulting. I’d say it’s particularly even more crucial to learn how to manage our finances while we’re single and starting off in the workforce, as the habits we’ll surely carry over to family life whatever habits we form during this period. If you’re already in a relationship or married, I’m sure you already know how crucial it is to know how to manage your money.




To manage means to be “in charge of”. A budget plan is a tool that helps you direct where your money should come from, and where your money should go. Honestly speaking, you cannot call yourself financially wise or even ‘stable’ if you don’t know how to respond when someone asks you a question as simple as “Where does your money go?”

Clearly lay out your income sources and expense categories. You cannot learn how to manage your money until you do that.

On that note: MONITOR YOUR EXPENSES and FOCUS ON THE ESENTIALS. What do you HAVE to spend on? While drafting your budget, it’s essential to make a distinction between needs and wants. You may even want to categorize your expenses into stuff that will help other people and stuff that are just for yourself (this I do). Put an amount on the important stuff (e.g. savings!!!!, family obligations, food, transportation, church/ministry contributions, etc) before allocating an amount for the nice-to-haves.

It may work differently for you, but what has worked for me is to prioritize stuff in this order: savings, tithing + ministry, family, self.


While it is IMPORTANT to invest in insurance, and maybe even stocks, etc, make sure that you UNDERSTAND THE RISK INVOLVED. There is usually no certainty of a return--and there may even be a loss.

My rule of thumb is that I will only invest money that I am willing to lose. If I don't have any emergency fund yet or if I am struggling to make ends meet, then I have to prioritize that.


Once you’ve got your budget plan laid out, it will make no sense if you don’t actually refer to it. I easily forget where I spent my money on, and this requires me to record all transactions I do daily. I keep my receipts as much as possible, and log what happened to me financially at the end of every day. Fine, I skip some days (when I’m feeling a bit irresponsible) but I try my best to take note of my income/expense for the day in a notepad or even on my phone.

I’ll be bold enough to say it, but you will not learn how to manage your money if you aren’t actually regularly monitoring it. Where does your money go once it falls into your hands (or your bank account)? You’ll just be surprised that one day, your money’s all gone. (This actually happened to me 6 years ago, when I was just shocked to find my fund slowly but surely getting depleted because I did not track it in any way.) So, make sure that DAY BY DAY, you know where your money went.


You realize after 3 months that you are spending waaaay more than your planned budget for Groceries. What do you do? Just accept that as it is? It’s not enough to just know where the money goes.

Well, for some cases, you may need to just accept that you have underestimated your budget and adjust it accordingly. For some cases though, you may need to do some analysis on what is causing your inflated spending & how you can address it. Do you need to maybe go to the public market instead of Rustan’s or S&R? Do you need to lessen your Grab or Uber rides? This is where you’ll need to apply practical wisdom.

"where did my money go" worksheet free

Free “Where Did My Money Go?” Worksheet!

There are so many apps and website offering help to know where you money goes but if you want to stick to good ol’ simple Excel–which is what I recommend because you’ll have more control on your budget–then I have a gift for you!

I created a FREE MONEY MANAGEMENT WORKSHEET that will FOR SURE help you how to manage your money and track where your money goes.

In fact, this has helped us save 100,000 pesos in just 3 months! And helped us save for our wedding!

Get your FREE money management worksheet!
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Plug in your details above, click on that link to update your profile and then check your email! You'll get a note asking you to update your preferences. Just select the BUDGET giveaway, and you'll get your FREE download via email!

Free Video Tutorial on Using the “Where Did My Money Go?” Worksheet

For guidance on how to use this worksheet to manage your money, here’s a tutorial from our Youtube channel that shows you the contents of this free “where did my money go” / “where does your money go” worksheet:


A key to good adulting is knowing the answers to these two questions:

  1. Where does my money go? – If you’re able to answer this, it means that you have planned for your expenditures and have prepared a budget plan that will work for you.
  2. Where did my money go? – If you’re able to answer this, it means that you did not just plan right, but you also followed through and tracked where your money actually went as you spent it.

We hope that our free worksheet above helps you to do both!


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11 thoughts on “EASY Guide: Where Did My Money Go? (with Free Worksheet!)”

  1. My husband and I are also using worksheet to manage our finances. We are doing this for us to know where are money goes and how much we are saving every month.

  2. Planning out how you spend your money and tracking that spend is really important. If we do not do that then we have no plan for how to spend nad no idea of where the money goes.

  3. Tracking money and expenses matters! I have never understood why personal finance isn’t a required subject in high school. This is something people need to know!

  4. This is a powerful step to good financial management. Budgeting is very important but often disregarded. This will build a mindset towards real financial freedom.

  5. I once had this dilemma as well so I did my best to monitor my finances. I stopped using my credit card because I have a tendency to overspend. I’ve also been using GCash to help me monitor and budget my expenses — I load only when I need to spend.

  6. Pingback: 2 KEY Qualities of a Good Husband in the Bible

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