Free Biweekly Budget Template
Budget every two weeks the way your paychecks actually land — with a paycheck allocator, expense tracker, 26-period annual view, and sinking funds. Free for Excel or Google Sheets.
Download for Excel (.xlsx)Works in Google Sheets too — open Google Sheets and choose File → Import.
What's inside
- Paycheck Allocator — assign every bill to Paycheck 1 or Paycheck 2
- Expense Tracker with automatic budgeted / actual / remaining columns
- Annual Overview across all 26 pay periods, with the two 'third-paycheck' months flagged
- Sinking Funds tab that calculates how much to save per paycheck
- Live formulas and totals — just type your numbers in the yellow cells
- Works in Excel and Google Sheets — free, no email required
How to use it
- 1Download the template (or open it in Google Sheets via File → Import).
- 2In the Paycheck Allocator tab, enter your net take-home pay for each paycheck.
- 3Assign each bill to the paycheck that lands before its due date until 'Left to allocate' reads $0.
- 4Log actual spending in the Expense Tracker, and set your per-paycheck savings on the Sinking Funds tab.
Skip the manual data entry
ReceiptSync scans your receipts and pushes the data straight into a spreadsheet like this — no typing. Snap a photo and it's logged and categorized.
A simple spreadsheet is the most reliable way to take control of your money — you own the data, there's no subscription, and it works offline. This template is pre-built so you can start today instead of designing tabs and formulas from scratch. For a full walkthrough and tips, see the full biweekly budgeting guide and how sinking funds work.
Frequently asked questions
Is the biweekly budget template really free?
Yes — download it directly, no email signup or payment required.
What's the difference between biweekly and semi-monthly pay?
Biweekly means every two weeks — 26 paychecks a year. Semi-monthly means twice a month — 24 paychecks a year. This template is built for biweekly (every two weeks) pay, including the two months a year that have three paydays.
Does it work in Google Sheets?
Yes. Open Google Sheets and choose File → Import to upload the Excel file, or use it directly in Microsoft Excel. All the formulas carry over.
Can I automate the expense tracking?
Yes — instead of typing every purchase, ReceiptSync scans your receipts and syncs the extracted data straight into a spreadsheet like this one.