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Use the work sheet below to create your own personal budget.
- At the first of the month, write the amount you plan to spend
in the appropriate column.
- During the month, record what you actually spent.
- Track your spending over a 3-month period. Adjust your budget as appropriate.
Skip expenses that do not apply.
Personal Budget Work
Sheet |
| Income For The Month Of: |
Amount |
| Job
(including babysitting, yard care,
etc.) |
$ |
| Other
(allowance, birthday money, etc.) |
|
| Total Monthly Income |
=$ |
| Monthly Expenses |
Amount I Plan To Spend |
Actual Expenses |
| Charitable Giving: |
Place
of worship |
|
|
| |
Other |
|
|
| Savings/Investing: |
Emergency fund |
|
|
| |
Special purchases (computer, vehicle) |
|
|
| |
Investments |
|
|
| Entertainment: |
Movies, concerts, sporting events |
|
|
| |
Electronics |
|
|
| |
After-school activities |
|
|
| |
Books and magazines |
|
|
| |
CDs / DVDs |
|
|
| |
Other |
|
|
| Personal: |
Gifts for friends |
|
|
| |
Clothes |
|
|
| |
Grooming (haircuts,
toiletries, etc.) |
|
|
| |
Hobbies |
|
|
| |
Other (cell phone) |
|
|
| Total Monthly Expenses |
=$ |
=$ |
| *Extra Money (subtract
total monthly expenses from total monthly
income) |
=$ |
=$ |
*If you spend more than you make, you need to revisit your budget, adjust it accordingly and then follow it so you are living within your means.
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Basic Money Management
Basic Money Management
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