Budget planner

Summary
HOW TO USE Show results
Programs Income
you can save Excel file to your own computer Income $710
you need Microsoft Office 2003 or higher (Excel)
Total income: $710
Customising Outgoings
you can choose how often you receive income or pay expenses using the dropdown list in the frequency column Financial comm. $203
you can customise the labels in the spreadsheet to better suit your needs by renaming existing fields Home $330
Utilities $60
NOTE: Altering the budget planner (eg. adding rows/columns) may result in incorrect outputs Education $0
Health $2
Shopping $22
Feedback Transport $45
We welcome all feedback. Send feedback via the website form (www.moneysmart.gov.au/feedback) or use the Entertainment $0
feedback options on the Budget Planner webpage Eating out $20
Total outgoings: $682
This original version of this budget planner is published on www.moneysmart.gov.au and is subject to copyright. What's left: $28
per month
[Version: 2.00 - Sept 2011]
Source: www.moneysmart.gov.au
Financial
commitments
Home / Education / Shopping / Entertainment / Income Results
Page 1
Budget planner
Summary
Income Show results
Frequency Amount Monthly Amount
Your take-home pay $320 $320 Income
Your partner's take-home pay $390 $390 Income $710
Bonuses/overtime $0 $0 Total income: $710
Income from savings and investments $0 $0
Outgoings
Centrelink benefits $0 $0 Financial comm. $203
Family benefit payments $0 $0 Home $330
Utilities $60
Child support received $0 $0 Education $0
Other $0 $0 Health $2
Total $710 Shopping $22
Transport $45
Entertainment $0
Eating out $20
Total outgoings: $682
What's left: $28
per month
Source: www.moneysmart.gov.au
Financial
commitments
Home / utilities Education / health Shopping / transport Entertainment / Income Results
Page 2
Budget planner
Summary
Financial Commitments Show results
Frequency Amount Monthly Amount
Rent / Mortgage $0 $0 Income
Car loan repayments $0 $0 Income $710
Other loan repayments $3 $3 Total income: $710
Credit card interest $0 $0
Outgoings
Voluntary super contributions $0 $0 Financial comm. $203
Savings $170 $170 Home $330
Utilities $60
Child support payments $0 $0 Education $0
Donations / Charity $10 $10 Health $2
Shopping $22
Pocket money $0 $0 Transport $45
Type in your own expense $20 $20 Entertainment $0
Total $203 Eating out $20
Total outgoings: $682
What's left: $28
per month
Source: www.moneysmart.gov.au
Financial
commitments
Home / utilities Education / health Shopping / transport Entertainment / Income Results
Page 3
Budget planner
Summary
Home Show results
Frequency Amount Monthly Amount
Council rates $0 $0 Income
Body Corporate fees $0 $0 Income $710
Home and contents insurance $0 $0
Home maintenance and repairs $330 $330 Total income: $710
New furniture / Appliances $0 $0
Other $0 $0 Outgoings
Total $330 Financial comm. $203
Utilities Home $330
Utilities $60
Electricity $40 $40 Education $0
Gas $0 $0 Health $2
Water $0 $0 Shopping $22
Internet $0 $0 Transport $45
Pay TV $0 $0 Entertainment $0
Home phone $0 $0 Eating out $20
Mobile phone(s) $0 $0
Type in your own expense $20 $20 Total outgoings: $682
Total $60
What's left: $28
per month
Source: www.moneysmart.gov.au
Financial
commitments
Home / utilities Education / Shopping / transport Entertainment / Income Results
Page 4
Budget planner
Summary
Education Show results
Frequency Amount Monthly Amount
School fees $0 $0 Income
Uni / TAFE $0 $0 Income $710
Childcare / Pre-school $0 $0
School uniforms $0 $0 Total income: $710
Sport, music, dance, etc $0 $0
Excursions $0 $0 Outgoings
Other $0 $0 Financial comm. $203
Total $0 Home $330
Health Utilities $60
Education $0
Private health insurance $0 $0 Health $2
Life insurance $0 $0 Shopping $22
Doctors $0 $0 Transport $45
Dentists $0 $0 Entertainment $0
Medicines / Pharmacy $0 $0 Eating out $20
Eyecare / Glasses $0 $0
Vet $0 $0 Total outgoings: $682
Type in your own expense $2 $2
Total $2
What's left: $28
per month
Source: www.moneysmart.gov.au
Financial
commitments
Home / utilities Education / Shopping / transport Entertainment / Income Results
Page 5
Budget planner
Summary
Shopping Show results
Frequency Amount Monthly Amount
Supermarket $2 $2 Income
Fruit / Veg $20 $20 Income $710
Baby products $0 $0
Clothing / Shoes $0 $0 Total income: $710
Cosmetics / Toiletries $0 $0
Hairdresser $0 $0 Outgoings
Gifts and others $0 $0 Financial comm. $203
Other food and grocery $0 $0 Home $330
Total $22 Utilities $60
Transport Education $0
Health $2
Car insurance $0 $0 Shopping $22
Car maintenance $0 $0 Transport $45
Car rego / Licence $0 $0 Entertainment $0
Petrol $0 $0 Eating out $20
Road tolls / Parking $0 $0
Trains / Buses / Ferries $5 $5 Total outgoings: $682
Type in your own expense $40 $40
Total $45
What's left: $28
per month
Source: www.moneysmart.gov.au
Financial
commitments
Home / utilities Education / Shopping / transport Entertainment / Income Results
Page 6
Budget planner
Summary
Entertainment Show results
Frequency Amount Monthly Amount
Holidays $0 $0 Income
Bars / Clubs $0 $0 Income $710
Other alcohol $0 $0
Gym / Sporting membership $0 $0 Total income: $710
Cigarettes $0 $0
Movies / Music $0 $0 Outgoings
Hobbies $0 $0 Financial comm. $203
Newspaper / Magazines $0 $0 Home $330
Celebrations $0 $0 Utilities $60
Other $0 $0 Education $0
Total $0 Health $2
Eating out Shopping $22
Transport $45
Restaurants $20 $20 Entertainment $0
Takeaway / Snacks $0 $0 Eating out $20
Bought lunches $0 $0
Coffee / Tea $0 $0 Total outgoings: $682
Type in your own expense $0 $0
Total $20
What's left: $28
per month
Source: www.moneysmart.gov.au
Financial
commitments
Home / utilities Education / Shopping / transport Entertainment / Income Results
Page 7
A
Budget planner
Summary
Show results
Your budget position: Income
You are spending $28 per month less than you earn. Income $710
Congratulations!
Total income: $710
Outgoings
Financial comm. $203
Financial commitments Spending breakdown Home $330
Home / Utilities Financial commitments 203 Utilities $60
Education / Health Home / Utilities 390 Education $0
Shopping / Transport Education / Health 2 Health $2
Entertainment / Eating out Shopping / Transport 67 Shopping $22
Entertainment / Eating out 20 Transport $45
Entertainment $0
Eating out $20
Next steps:
1) Do a reality check. Is your bank account going up each month? If the results don't match, track your actual Total outgoings: $682
spending in more detail. The money is going somewhere!
2) If you have spare money each month, think how best to use it, e.g.
i) repay any loans faster What's left: $28
ii) put money into a special savings account per month
3) Print your plan.
Source: www.moneysmart.gov.au
Summary
Your spending breakdown Financial
commitments
Home / Utilities
Education / Health
Shopping /
Transport
Entertainment /
Eating out
Financial
commitments
Home / utilities Education / Shopping / transport Entertainment / Income Results
Page 8
Budget planner
Summary Monthly Amount
Total income: $710
Total outgoings: $682
What's left: $28
Your budget position:
You are spending $28 per month less than you earn.
Congratulations!
Your spending breakdown Monthly Amount
Financial commitments $203 Spending breakdown
Home / Utilities $390 Financial commitments $203
Education / Health $2 Home / Utilities $390
Shopping / Transport $67 Education / Health $2
Entertainment / Eating out $20 Shopping / Transport $67
Entertainment / Eating out $20
Next steps:
1) Do a reality check. Is your bank account going up each month? If the results don't match, track your actual
spending in more detail. The money is going somewhere!
2) If you have spare money each month, think how best to use it, e.g.
i) repay any loans faster
ii) put money into a special savings account
iii) increase your contributions to superannuation or other investments
3) Print your plan.
Your spending breakdown
Summary
Spending
breakdown
Financial
commitments
Home / Utilities
Education / Health
Shopping /
Transport
Entertainment /
Eating out
Budget planner
Income Frequency Amount Monthly Amount Notes
Your take-home pay Monthly $320 $320
Your partner's take-home pay Monthly $390 $390
Bonuses/overtime Annually
Income from savings and investments Annually
Centrelink benefits Fortnightly
Family benefit payments Fortnightly
Child support received Monthly
Other Monthly
Financial Commitments Frequency Amount Monthly Amount
Rent / Mortgage Weekly
Car loan repayments Monthly
Other loan repayments Monthly $3 $3
Credit card interest Monthly
Voluntary super contributions Fortnightly
Savings Monthly $170 $170
Child support payments Monthly
Donations / Charity Monthly $10 $10
Pocket money Weekly
Type in your own expense Monthly $20 $20
Home / Utilities Frequency Amount Monthly Amount
Council rates Quarterly
Body Corporate fees Quarterly
Home and contents insurance Monthly
Home maintenance and repairs Monthly $330 $330
New furniture / Appliances Annually
Other Monthly
Electricity Monthly $40 $40
Gas Quarterly
Water Quarterly
Internet Monthly
Pay TV Monthly
Home phone Monthly
Mobile phone(s) Monthly
Type in your own expense Monthly $20 $20
Education / Health Frequency Amount Monthly Amount
School fees Annually
Uni / TAFE Annually
Childcare / Pre-school Weekly
School uniforms Annually
Sport, music, dance, etc Annually
Excursions Monthly
Other Monthly
Private health insurance Monthly
Life insurance Monthly
Doctors Annually
Dentists Annually
Medicines / Pharmacy Annually
Eyecare / Glasses Annually
Vet Annually
Type in your own expense Monthly $2 $2
Your detailed budget
Budget planner
Shopping / Transport Frequency Amount Monthly Amount Notes
Supermarket Monthly $2 $2
Fruit / Veg Monthly $20 $20
Baby products Weekly
Clothing / Shoes Monthly
Cosmetics / Toiletries Monthly
Hairdresser Quarterly
Gifts and others Monthly
Other food and grocery Weekly
Car insurance Annually
Car maintenance Annually
Car rego / Licence Annually
Petrol Fortnightly
Road tolls / Parking Monthly
Trains / Buses / Ferries Monthly $5 $5
Type in your own expense Monthly $40 $40
Entertainment / Eating out Frequency Amount Monthly Amount
Holidays Annually
Bars / Clubs Weekly
Other alcohol Weekly
Gym / Sporting membership Monthly
Cigarettes Weekly
Movies / Music Fortnightly
Hobbies Fortnightly
Newspaper / Magazines Weekly
Celebrations Annually
Other Monthly
Restaurants Monthly $20 $20
Takeaway / Snacks Weekly
Bought lunches Weekly
Coffee / Tea Weekly
Type in your own expense Monthly
Notes
Source: www.moneysmart.gov.au