Budget Planner
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Line |
Total Monthly Gross Income (Before Taxes) |
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$____________ |
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Subtract Taxes & Other Payroll Deductions (med ins, alimony, etc) |
-$___________ |
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Subtract 401K, IRA, Other Retirement Plan(s), etc... |
-$___________ |
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Total Monthly “Net” Income = |
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$____________ |
A |
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Housing Expenses |
Monthly Payments |
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Rent or Mortgage Payments |
$____________ |
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Dues ~ Home Association Fees, etc... (if applicable) |
$____________ |
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Utilities (electric, heating oil, phone, internet, etc...) |
$____________ |
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Refuse – Garbage Removal |
$____________ |
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Insurance (budget 1/12th if paid annually) |
$____________ |
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Repairs (budget 1/12th if paid annually) |
$____________ |
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Taxes – property, school, sewer, etc (budget 1/12th if paid annually) |
$____________ |
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Total Housing Expenses = |
$____________ |
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B |
Car Expenses |
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Loan Payment(s) |
$____________ |
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Gas |
$____________ |
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Insurance (budget 1/12th if paid annually) |
$____________ |
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Maintenance & Repairs (budget 1/12th if paid annually) |
$____________ |
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Total Car Expenses = |
$____________ |
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C |
Debts (loans, credit cards, etc) |
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Creditor #1________________ Balance__________ |
$____________ |
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Creditor #2________________ Balance__________ |
$____________ |
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Creditor #3________________ Balance__________ |
$____________ |
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Creditor #4________________ Balance__________ |
$____________ |
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Creditor #5________________ Balance__________ |
$____________ |
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(additional creditor total - if needed) |
$____________ |
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Total Debt Expenses = |
$____________ |
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D |
Miscellaneous |
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(budget 1/12th for annual expenses) |
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Church Tithing, Offerings &/or Charitable Contributions |
$____________ |
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Groceries, Dining out, (food in general) |
$____________ |
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Vacation (budget 1/12th for annual expenses) |
$____________ |
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Childcare |
$____________ |
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College or School Tuition and/or School Supplies |
$____________ |
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Medical Bills and Co-Pays |
$____________ |
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Prescription Medications |
$____________ |
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Pet Supplies, Pet Food & Vet Bills |
$____________ |
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Entertainment, Movies, Video Rentals |
$____________ |
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Membership Fees (fitness club, other club memberships) |
$____________ |
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Newspaper and/or Magazine Subscriptions |
$____________ |
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Shoes, Clothing, etc... |
$____________ |
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Haircuts |
$____________ |
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Gifts ~ Holiday Spending |
$____________ |
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Misc. Cash Purchases |
$____________ |
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Other (additional misc. total – if needed) |
$____________ |
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Total Miscellaneous Expenses = |
$____________ |
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E |
Monthly Expense Totals: |
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Add Total Housing Expenses ~ Line B |
$____________ |
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B |
Add Total Car Expenses ~ Line C |
$____________ |
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C |
Add Total Debt Expenses ~ Line D |
$____________ |
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D |
Add Total Miscellaneous Expenses ~ Line E |
$____________ |
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E |
Total Expenses = |
$____________ |
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F |
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Total Income ~ Line A |
$____________ |
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Subtract Total Expenses ~ Line F |
-$____________ |
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Total Monthly Surplus or Shortage |
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$______________ |
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(Back) Budget Plan - (Next) IRA Plans