|
Use copies of this work sheet to track your spending for several months. Skip items that do not apply.
| Income For The Month Of: ___________ |
Amount |
| Gross Monthly Income |
$ |
| Other Income (spouse, monetary gifts, interest, dividends, bonuses, etc.) |
$ |
| Total Gross Monthly Income |
=$ |
| Deductions |
| FITW — Federal Income Tax Withholding (if applicable) |
$ |
| SITW — State Income Tax Withholding (if applicable) |
$ |
| FICA — Social Security |
$ |
| FICA — Medicare |
$ |
| Total Deductions |
=$ |
| Net Monthly Income (total gross income minus total deductions) |
=$ |
| Monthly Expenses |
Amount Planned |
Actual Expenses |
| Giving |
| Church |
$ |
$ |
| Charity |
$ |
$ |
| Other |
$ |
$ |
| Savings/Investments (target at least 10% to 15% of net income) |
| 401(k) |
$ |
$ |
| IRA Contributions |
$ |
$ |
| Emergency Fund |
$ |
$ |
| Other |
$ |
$ |
| Expenses |
| Food |
$ |
$ |
| Rent/Mortgage Payment |
$ |
$ |
| Renters/Homeowners Insurance |
$ |
$ |
| Health Insurance |
$ |
$ |
| Life Insurance |
$ |
$ |
| Utilities |
$ |
$ |
| Home Maintenance |
$ |
$ |
| Property Taxes (1/12 of total annual expense) |
$ |
$ |
| Furniture |
$ |
$ |
| Phone/Cell Phone |
$ |
$ |
| Internet Service |
$ |
$ |
| Other |
$ |
$ |
| Education |
| Tuition |
$ |
$ |
| Room/Board/Travel |
$ |
$ |
| Books/School Supplies/Uniforms |
$ |
$ |
| Transportation |
| Vehicle Payment |
$ |
$ |
| Auto Insurance |
$ |
$ |
| Gasoline/Parking/Tolls |
$ |
$ |
| Vehicle Maintenance |
$ |
$ |
| Registration/License Fees (1/12 of total annual expense) |
$ |
$ |
| Public Transportation |
$ |
$ |
| Debt |
| Credit Card(s) |
$ |
$ |
| Loan(s) |
$ |
$ |
| Personal |
| Clothing |
$ |
$ |
| Dry Cleaning/Laundry |
$ |
$ |
| Grooming (hair care, toiletries, etc.) |
$ |
$ |
| Child-Care Expenses (baby sitters, child-care center) |
$ |
$ |
| Other |
$ |
$ |
| Recreation/Entertainment |
| Vacation(s) (1/12 of total annual expense) |
$ |
$ |
| Entertainment/Dining Out |
$ |
$ |
| Hobbies (for example, golf or tennis equipment and fees) |
$ |
$ |
| Club Fees/Organization Dues |
$ |
$ |
| Cable/Satellite Television |
$ |
$ |
| Other |
$ |
$ |
| Total Monthly Expenses |
$ |
$ |
| Net Monthly Income |
$ |
$ |
| Less Total Monthly Actual Expenses |
-$ |
-$ |
| Net Cash Flow |
=$ |
=$ |
|
Basic Money Management
Basic Money Management
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