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

2b. Controllable expenses
 Food  
Groceries
$______________
Food eaten out
$______________
Household expenses 
Repairs & supplies
$______________
Furnishings & appliances
$______________
Outside upkeep
$______________
Transportation 
Gas and repairs
$______________
Other transportation
$______________
Personal/medical care$______________
Education/reading$______________
Travel & entertainment$______________
Child/elder care$______________
Charity/gifts/special expenses$______________
Clothing$______________
Savings$______________
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

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