MAKING A BUDGET – EXAMPLE WORKSHEET |
| BUDGET |
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ACTUAL |
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DIFFERENCE |
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CATEGORY |
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ESTIMATED INCOME: |
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Wages and Bonuses |
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Interest Income |
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Investment Income |
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Other Income |
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Estimated Total Income |
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ESTIMATED EXPENSES: |
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Essentials |
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Mortgage / Rent Payment |
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Car Payments |
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Transportation Costs (bus, train, gas for car, etc.) |
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Car Maintenance Costs |
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Groceries |
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Health & Medical (copays, prescriptions, etc.) |
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Telephone |
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Utilities (Gas, Electric, Water) |
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Healthcare |
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Home Maintenance Costs |
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Insurance Payments |
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Child Support / Alimony Payments |
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Education Costs |
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Other Payments |
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Discretionary |
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Internet, Cable TV, Satellite, Tivo Service |
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Cell Phone, Pager |
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Entertainment (movies, dining out, etc.) |
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Vacation |
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Gifts |
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Other |
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Estimated Expense Total |
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You may have all or only some of the expenses listed above. If you have additional "essential" items that are not listed above, add them up and put them under "Other Payment". For those items that are paid once per year, divide the total cost by 12. |
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INCOME minus EXPENSES equals Surplus or Shortage |
Because changes happen frequently, review your budget periodically. |
Keep on top of things so you always know where you stand. |
