Create a budget worksheet in a program such as Excel and fill in the details as you develop your research proposal. This very useful step allows you to:
- Take advantage of formula functions to avoid calculation mistakes. (Although you should still double check everything manually, just to be sure!)
- Easily add items or make adjustments to existing items.
- Create separate sheets for different scenarios (e.g., project phases or budget years).
- Use the final worksheet throughout your project to track expenses.
Use this blank budget template to help develop your budget. It contains the most common budget categories, space for justifying each item, and columns for summing items costs and category totals over multiple years. The personnel section includes example calculations. This template is set up for a two-year project; cell totals will auto-calculate for you. (If you delete or add years to this template, please be sure to update the formulas so that your totals will be correct.)
Download the UCalgary Finance benefits calculator to help determine your personnel costs.