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

2a. Fixed expenses
 
 Housing  
Rent or mortgage
$______________
Insurance/taxes*
$______________
 
 
Utilities 
Telephone
$______________
Heating
$______________
Electricity
$______________
Trash/garbage
$______________
Water
$______________
Sewage
$______________
Cable
$______________
Other: ______________________
$______________
Credit card payments 
______________________________
$______________
______________________________
$______________
______________________________
$______________
______________________________
$______________
______________________________
$______________
Auto 
Loan payment
$______________
Insurance*
$______________
License
$______________
Child support/alimony$______________
Life insurance*$______________
Other 
______________________________
$______________
______________________________
$______________
______________________________
$______________
Total monthly estimated
Fixed expenses
$______________
*Monthly portion of premiums in NOT paid by employer OR automatically deducted from your paycheck OR listed with your periodic expenses on Page 2.
 

Reproduced with the permission of Michigan State University Cooperative Extension

 Downloadable PDF

advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.17%  0.11 4.06%
15 year fixed refi 3.21%  0.12 3.09%
10 year fixed refi 3.26%  0.15 3.11%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.67%  0.35 4.32%
50K FICO-based HELOC 4.04%  0.05 3.99%
100K FICO-based HELOC 3.88%  0.05 3.83%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.99%  0.19 2.80%
48 month used car loan 2.91%  0.09 3.00%
60 month new car loan 3.07%  0.10 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99%  0.01 0.98%
2 Year CD 1.20%  0.01 1.19%
5 Year CD 1.82% --0.00 1.82%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.80% --0.00 15.80%
Cash Back Cards 16.42% --0.00 16.42%
Low Interest Cards 11.09% --0.00 11.09%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us