Financial Literacy 2007 - Budgeting
smart spending
Creating a family budget

Spending plan work sheet

   Spending plan
 
Instructions:1.Calculate monthly net income in box 1
2.Estimate monthly expenses (sum of fixed (2a), controllable (2b) and monthly portion of periodic expenses (2c)
3.Compare income and expenses and make adjustments

1. Monthly net income
 
 Net* monthly wages$______________ 
Net monthly wages of others in home$______________
Public assistance/food stamps$______________
Unemployment/disability$______________
Child support/alimony$______________
Social Security/retirement$______________
Other$______________
Other$______________
Total monthly net income$______________
 
* After tax withholding and other deductions
 
 

Reproduced with the permission of Michigan State University Cooperative Extension

 Downloadable PDF

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