Skip to main content

Money in Excel now available, making it a little easier to manage your finances

Money In Excel Template
Money In Excel Template (Image credit: Windows Central)

What you need to know

  • Microsoft's new Money template for Excel is now available.
  • The feature imports your banking information to make it easier to manage your money.
  • Microsoft 365 subscribers can download the template now (opens in new tab) to get started.

One of the more interesting features touted at the launch of Microsoft 365 for consumers earlier this year is now rolling out: Money in Excel. The feature turns Excel into a handy money management tool, allowing it to automatically pull in your banking information to make budgeting and planning easier. The Money in Excel template (opens in new tab) is available for Microsoft 365 subscribers to download now.

Money in Excel appears to have much in common with other budgeting tools on the market. You'll get insights about your spending each month, and Microsoft provides charts to help you break things down. "Seamlessly connect your financial accounts to Excel to view and manage all your finances in one place," Microsoft says on the template's download page. "Understand how you're spending your money and receive personalized insights about your monthly spending so that you can achieve your financial goals."

Money In Excel

Source: Microsoft (Image credit: Source: Microsoft)

As noted by ZDNet, which first spotted the template, Money in Excel's import feature is handled by a plug-in from Plaid. Plaid can currently connect to more than 10,000 financial institutions to import your financial data.

To use Money in Excel, you'll have to be a Microsoft 365 (née Office 365) subscriber. You can download the Money in Excel template (opens in new tab) to get started. Note that you'll have to grant access to the money add-in as well.

For more on Money in Excel, you can check out Microsoft's full FAQ page (opens in new tab).

Dan Thorp-Lancaster is the Editor in Chief for Windows Central. He began working with Windows Central as a news writer in 2014 and is obsessed with tech of all sorts. You can follow Dan on Twitter @DthorpL and Instagram @heyitsdtl. Got a hot tip? Send it to daniel.thorp-lancaster@futurenet.com.

15 Comments
  • As both a finance nerd and an Excel nerd, this makes me really happy.
  • I love that they're doing something, anything, in terms of personal and small business finance, but the thing I don't like is just as you say it takes an Excel nerd to want to do something with this. I count myself among those too btw. I would much rather see Microsoft resurrect Money as part of Office 365. Now that would attract small businesses and consumers to Office 365 (or "Microsoft 365" whatever it's called these days)!
  • I am still using MS Money - works fine apart from the fact you need to do manual imports (so what not a big deal), will have a look at MIE
  • Why is Microsoft wasting resources on this? There are a ton of free products out there already and I just don't see them being able to compete in this space.
  • Microsoft prides themselves on productivity. And what could possibly be more "productive" than personal and small business finances? Still... seems a bit counterintuitive that they baked this into Excel. Like "regular Joe" users are going to line up to use this?
  • They didn't. This is an add-in from a third party that MS is just promoting. I think the guy who made this is an ex-MS employee, and I think MS wanted this functionality in Excel.
  • I see this working for maybe a year or two... No way this gets supported long term
  • While I am happy to see them add this template, I am frustrated that they have dropped the Spend App, in favor of this template. The Spend App was created by the same team that built MileIQ. If you use both, then when you login to your MileIQ dashboard you can also access the Spend App data. It was a great tool for tracking business expenses. That product is being dropped at the end of June, and the new Money in Excel template has arrived. Problem is, the new template is only available to Microsoft 365 Family or Personal subscribers. Whereas the MileIQ and Spend apps worked with Business subscribers of Microsoft 365. Since I’m already a business subscriber, it doesn’t make business sense for me to pay for an additional subscription just to get the new Money in Excel template. Why would they limit it this way?
  • Money in Excel also works for M365 Business Premium, Enterprise E1, E3, E5 and Firstline F1 subscriptions
  • As a college student i was looking forward to using the add-in. But my college pays for my office subscription so i can't use it. Would love if it would change.
  • Did you personally install it using a Business Premium subscription? I have one and I cannot install it; furthermore MS FAQ specifically states : " Money in Excel is a premium template available to Microsoft 365 Personal or Family subscribers", no mention of business subscriptions.
  • Not international at the moment...
  • Oh wow, been wanting something like this in Excel.
  • Unfortunately there are 3 of my accounts that are having issues connecting.
  • Nothing not like the old MS money...!