| | | | | | At the end we want our total income to equal our total outgo. If you come |
| TOTAL INCOME | | | | | up short and you spend more than you make, tell me how you will fix it. |
| TOTAL OUTGO | 0.00 | | | | If you come up where you make more than you spend, tell me where you |
| INCOME - OUTGO | 0.00 | | | | will put the money. Debt, emergency fund, car fund? |
| | | | | | All of these categories will be how much you pay per month |
| INCOME (Take Home Pay) | Amount | | | | If you do not have an expense there you may leave it blank. |
| Income 1 |
| Income 2 |
| Income 3 | | Total Income |
| Income 4 | | 0.00 |
| OUTGO (Actual Expenses) |
| Giving |
| Charitable Organizations |
| Gifts | | Total Giving | % of Income | | If you plan to spend 1000 on christmas gifts or any gifts at all for the year |
| Christmas Gifts | | 0.00 | 0% | | take the total and divide by 12. So 1000/12=83.33 per month you need |
| | | | | | to save |
| Saving |
| Emergency Buffer Fund | | | | | the savings funds tells me how much you are putting in there PER month |
| Retirement Fund | | | | | This does not tell me how much you already have in there. Are you saving |
| New Car Fund | | | | | 20 per month for emergency fund, 50 dollars for a new car fund, so on.. |
| New Furniture Fund |
| College Fund | | | | | The retirement fund is if you are paying for retirement OUTSIDE your |
| Wedding Fund | | | | | employer. This is if you have a roth ira or an ira not associated with your |
| Known, Upcoming Expenses | | Total Saving | % of Income | | employment since retirement comes out before your take home pay. |
| Other__________ | | 0.00 | 0% |
| Housing |
| Mortgage - 1st |
| Mortgage - 2nd |
| Rent |
| Homeowner's Insurance |
| Renter's Insurance |
| Property Taxes | | | | | You take your property tax per year and divide it by 12. This shows how |
| Homeowner's Association Fees | | | | | much you need to save per month for your property taxes |
| Electricity, Water, Sewer |
| Natural Gas |
| Cellphone |
| Cable TV - Satellite TV |
| Internet |
| Trash |
| Other__________ | | Total Housing | % of Income |
| Other__________ | | 0.00 | 0% |
| Transportation |
| Car Payment - 1 |
| Car Payment - 2 |
| Car Insurance | | | | | If you pay car insurance every year or 6 months just take the total and |
| Car License Plate Fees/Taxes | | | | | and divide it by the term. For example, 500 every 6 months is 83.33 |
| Gasoline/Diesel | | | | | per month. You should be saving 83.33 per month for your 500 car ins. |
| Car Repairs | | | | | coming up. The same goes for your car license plate/taxes |
| Oil Change/Maintenance |
| Other__________ | | Total Transportation | % of Income |
| Other__________ | | 0.00 | 0% |
| Food |
| Groceries | | | | | Be as realistic as possible here. How much do you truly spend in these |
| Dining Out | | | | | food categories? |
| School Lunches |
| Dog Food | | Total Food | % of Income |
| Other__________ | | 0.00 | 0% |
| Clothing |
| Children | | | | | Again, estimate how much you spend per month of clothes and try |
| Adults | | | | | to stick to that budget going forward. If you have money left over in this |
| Other__________ | | Total Clothing | % of Income | | category you can put it towards debt or an emergency fund. |
| Other__________ | | 0.00 | 0% |
| Other Debts |
| Credit Card 1 |
| Credit Card 2 |
| Credit Card 3 |
| Credit Card 4 |
| Credit Card 5 |
| Student Loan 1 |
| Student Loan 2 |
| Student Loan 3 |
| Furniture |
| Other__________ |
| Other__________ |
| Other__________ |
| Other__________ |
| Other__________ |
| Other__________ |
| Other__________ | | Total Other Debts | % of Income |
| Other__________ | | 0.00 | 0% |
| Personal |
| Health Insurance |
| Life Insurance | | 8-10 x Gross Income |
| Child Care |
| Alimony |
| Pre-School |
| Vacation |
| Income Taxes |
| Date Night |
| Cell Phone |
| Medical Bill |
| Blow Money |
| Satellite Radio |
| Health Club |
| Prescriptions |
| Entertainment |
| Karate |
| Other__________ |
| Other__________ | | Total Personal | % of Income |
| Other__________ | | 0.00 | 0% |
swashington2016
ba_104_online_budget_sheet_9.xlsx
