Directions:    
1) In Column 1 (Amount Budgeted) enter amounts budgeted for each expense item.  
2) At the end of each month, enter the actual amounts in Column 2.  
3) Subtract Column 2 from Column 1 to calculate the surplus (+) or shortage (-) in each category. Record these numbers in Column 3.
       
    1 2 3
Savings & Investments Amount Budgeted Amount Spent Surplus (+) or Shortage (-)
  Savings
  Investments
       
Saving & Investments Subtotal (transfer these figures to the appropriate line in the Budget Summary.)
       
Fixed Expenses    
Housing    
  Rent or Mortgage
  2nd Mortgage/Equity Loan
  Other (explain)
Transportation      
  Vehicle Loan Payment (car, truck, etc.)
  Auto Insurance
  Other (explain)
Taxes      
  Income tax, federal
  Income tax, state and/or city
  Sales taxes
  Other
Insurance      
  Health
  Life
  Disability/Long-Term Care
  Other (explain)
Childcare      
  Child Care/Babysitters
  Child Support/Alimony
  Other (explain)
       
Fixed Expenses Subtotal (transfer these figures to the appropriate line in the Budget Summary.)
       
Periodic Fixed Expenses (expenses usually occurring annually. To determine the monthly expense, divide the total expense by 12.)  
Housing      
  Property Tax/Real Estate Taxes (if not a part of mortage payment)
  Insurance (homeowner, rental)
  Other (explain)
Transportation      
  Primary Vehicle      
  License Plate
  Driver's License
  Registration
  Insurance
  Secondary Vehicle(s) (include all additional means of transportation - cars, trucks, motorcycles, etc.)
  License Plate
  Registration
  Insurance
  Gas/Public Transportation/Taxi/Parking
  Other (explain)
       
Periodic Expenses Subtotal (transfer these figures to the appropriate line in the Budget Summary.)
       
Variable Expenses (expenses that occur on a regular basis but in varying dollar amounts. To determine the amount to enter, divide the annual dollar amount by 12.)  
Utilities    
  Heat
  Electricity
  Water
  Sewer
  Trash
  Recycling
Telephone      
  Basic Service
  Long Distance Charges
  Cell Phone(s)
  Other (explain)
Food      
  General Food & Groceries
  Food Outside the Home
  Work Lunches
  Coffee
  School Lunches
  Meals at Restaurants
  Other (explain)
Medical (include expenses not covered by insurance.)      
  Doctor
  Dentist
  Prescriptions
  Glasses
  Medical Bills for Above and Beyond
  Type Expenses (surgery, etc.)
  Other (explain)
Clothing      
  New Purchases
  Cleaning (laundry + dry cleaning)
  Repairs/Alterations
  Other (explain)
Education      
  Tuition, Registration Fees, Training Classes
  Supporting Books, Magazines, Newspapers, Supplies, etc.
  Other (explain)
Donations      
  Religious
  Charities
  Other (explain)
Personal      
  Hairdresser
  Children's Allowance
  Gifts/Flowers (birthdays, anniversaries, etc.)
  Tobacco
  Alcohol (beer, wine, etc.)
  Other (explain)
Entertainment      
  Movies, Concerts, Sporting Events, etc.
  Cable/Satellite Service
  Internet Service
  Gambling/Lottery 
  Health Clubs/Gyms
  Vacations/Trips
  Recreation/Sports/Hobbies
  Other (explain)
Miscellaneous      
  Pet Care/Supplies
  Landscaping
  Mailing/Postage
  Fees for Checking Accounts, Checks, Money Orders, etc.
  Other (explain)
       
Variable Expenses Subtotal (transfer these figures to the appropriate line in the Budget Summary.)
       
Debts (not included elsewhere)    
  Education Loans
  Personal Loans
  Credit Card #1
  Credit Card #2
  Credit Card #3
  Other (explain)
       
Debts Subtotal (transfer these figures to the appropriate line in the Budget Summary.)
       
  BUDGET SUMMARY    
  Directions    
1) Transfer the dollar amounts from each of the subtotals to this summary chart below.  
2) Add lines 1-5 to determine a monthly figure.  
3) Review Column 3 carefully. Are there places where expenses should be reduced? Are there places where a surplus can be identified for an additional savings opportunity?  
       
  MONTHLY INCOME    
Category 1
Amount
Budgeted
2
Amount
Spent
3
Surplus (+) or
Shortage (-)
Savings
Fixed Expenses
Periodic Fixed Expenses
Variable Expenses
Debts
Total Monthly Accounting
       
MONTHLY INCOME – TOTAL MONTHLY ACCOUNTING = $ FOR SAVING OR DISCRETIONARY SPENDING