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FIGURING OUT A BUDGET

A budget is your own personal monthly spending plan based on your income and expenses. Understanding your monthly income and expenses, you will be able to better manage your cash flow.

INCOME:
Work	$	This is your take home pay including: Paychecks, gifts, allowance
Allowance/Gifts	$
Other	$
Total Income	$



EXPENSES:
Fixed Expenses
Rent	$	Set dollar amounts you pay every month, such as: Car payments, rent, cell phone bill, auto insurance
Car Payment	$
Cell Phone Bill	$
Other	$
Variable Expenses
Gas	$	Amounts can vary each month, such as: Gas, entertainment, dining out
Entertainment	$
Other	$
Total Expenses	$



NET INCOME	$
Total Income-Total Expenses (aka MONEY LEFT OVER)

*Worksheet above is intended for educational purposes only.

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