5 Common Mistakes When Using a Spreadsheet for Finances

Spreadsheets are powerful — if used right. Here are the 5 most common mistakes.

1. Don't Update Daily

Leaving it until the weekend = forgetting 40% of your expenses. Spend 2 minutes a day.

2. Too Many Categories

20 categories create confusion. Use a maximum of 8.

3. Ignore Cash Expenses

Pix of R$20 and parking of R$15 add up to R$400-600/month. Everything goes in.

4. Don't Review Monthly

Ask: "Where did the most money leak?" The answer shows where to cut.

5. Giving up at the first mistake

Budget over? Normal. Adjust and continue. Consistency > perfection.