Directions: Fill in the Yellow cells, the rest will be calculated for you automatically.

Do not fill in anything other than the yellow cells.

Results: Monthly Yearly % Comments

Total Income $7,075.00 $84,900.00 100%
Necessary Expenses $4,451.92 $53,423.00 63%
Discretionary Income $2,623.08 $31,477.00 37%
Investment Spending $0.00 $0.00 0%
Discretionary Income less Investments $2,623.08 $31,477.00 37%
Discretionary Spending $763.32 $9,159.88 11% Keep this as low as possible
Amount remaining to save or invest $1,859.76 $22,317.12 26% Try to keep this percentage above 5%, above 20% is outstanding

Monthly Annual
Budget Amount Comments
Income:
Your Primary Income $6,625.00 $79,500.00
Your Spouse's Income $0.00
Child Support or Alimony $450.00 $5,400.00
Disability Income $0.00 $0.00
Investment Income $0.00 $0.00
Real Estate Investment Income $0.00 $0.00 include expenses from this below
Business Income $0.00 $0.00 from your own business, include expenses below
Other Income $0.00
Total Income $7,075.00 $84,900.00

Necessary Expenses:
Payroll Taxes $1,579.00 $18,948.00
Other income deductions $15.00 $180.00 Do not include insurance or investments here
Rent or Mortgage $892.00 $10,704.00
2nd Mortgage or Home Equity Loan $0.00 $0.00
Property Taxes $265.25 $3,183.00
Water $33.00 $396.00
Garbage $33.00 $396.00 Fairly uncommon to have to spend much money on this--some municipalities charge a fee
Gas & Electric $33.00 $396.00 This may include other utilities (i.e. Oil for heating)
Auto Insurance $100.00 $1,200.00
Auto repairs $30.00 $360.00
Food & Groceries (not dining out) $340.00 $4,080.00
Home or Renters Insurance $25.00 $300.00
Clothing $16.67 $200.00
Healthcare or Insurance Costs $315.00 $3,780.00
Dental Care or Insurance Costs $10.00 $120.00
Life Insurance Costs $17.00 $204.00
Student Loans $0.00
Home Repairs $10.00 $120.00 include necessary furniture, maintenance & cleaning supplies
Home supplies $20.00 $240.00
Dry cleaning $0.00 $0.00
Laundry $18.00 $216.00
Investment Real Estate Expenses $0.00
Business Income Expenses $0.00
Childcare (daycare & babysitters) $0.00
Child & Baby Expenses $700.00 $8,400.00 diapers, baby food, etc.
Other dependent expenses $0.00 children's school or college tuition or other necessary expenses
Total Necessary Expenses $4,451.92 $53,423.00

Discretionary Expenses:
Auto Loan (s) $0.00
Gasoline $300.00 $3,600.00 Need to note how long the loan term is and keep track of it here.
Cable or Satellite TV $0.00 $0.00
Mobile Phone (s) $60.00 $720.00
Home Improvement $20.00 $240.00
Garden Supplies $0.00 $0.00
Entertainment $20.00 $240.00 Netflix, movie tickets, concert tickets, etc.
Dining Out $150.00 $1,800.00 include lunches at work
Travel & Vacation $166.67 $2,000.00
Pets, Pet Care and Pet Food $0.00
Internet Access $29.99 $359.88
Computer Costs $16.67 $200.00 money spent on computers, software and games
Gym membership $0.00
Total Discretionary Expenses $763.32 $9,159.88
TOTAL EXPENSES $5,215.24 $62,582.88

Emergency Fund
Time it will take to find a job (in months) 2
Emergency Savings $5,215.24 $10,430.48

Investment Spending:
401K, 403B deposits $0.00 Only include fixed monthly or yearly investments here, not your discretionary investing
IRA deposits $0.00 Only include fixed monthly or yearly investments here, not your discretionary investing
Employee Stock Plans $0.00 Only include fixed monthly or yearly investments here, not your discretionary investing
Brokerage Deposits $0.00 Only include fixed monthly or yearly investments here, not your discretionary investing
Other $0.00 Only include fixed monthly or yearly investments here, not your discretionary investing
Total Investment Spending $0.00 $0.00