Monthly Budget Worksheet

20 marks

You will eventually move out on your own! Fill out this worksheet based on how you anticipate living the first year out on yo Even if you plan on living at home initially, create this budget for when you do move out. You can use the sample inco expenses provided or research costs on your own.

Income
Employment income NET income per month (this is your income AFTER deductions) Other income (money from parents, loans, etc.)

Per Month $1,125.36 $500.00

Total Income Expenses

Fixed Expenses Housing Transportation (use the amount from your vehicle assignment) Tuition Books HealthCare (insurance, meds, dental, lenses, etc.) Medical Insurance Apartment Insurance Utilities (electricity and gas) Telecommunications (cable, Internet, telephone, cellphone) Other Total fixed expenses Variable Expenses Food Household (cleaning, maintenance, furniture, etc.) Childcare Pets Gas Health care (health plan, dental, medications) Clothing Personal care (toiletries, hair care, make-up, laundry, etc.) Recreation (movies, games, music, DVD/videos, clubs, Travel Gifts and charitable donations Other Savings

$1,625.36

$600.00 $235.00

$33.00 $59.00 $27.00 $70.00 $68.00 $1,092.00

$150.00 $22.00

$141.66 $59.00 $25.00 $20.00 $20.00

$40.00

Total variable expenses

$477.66

Total Expenses (fixed +variable) SURPLUS (OR DEFICIT) PER MONTH SURPLUS (OR DEFICIT) PER YEAR

$1,569.66 $55.70

e living the first year out on your own. ut. You can use the sample income and

Per Year $13,504.32 $6,000.00 $0.00 $0.00

$19,504.32

Totals will fill automatically

$0.00 $7,200.00 $2,820.00 $0.00 $0.00 $396.00 $708.00 $324.00 $840.00 $816.00 $0.00 $13,104.00

$1,800.00 $264.00 $0.00 $0.00 $1,699.92 $708.00 $300.00 $240.00 $240.00 $0.00 $0.00 $480.00 $0.00

$5,731.92

$18,835.92

$668.40