expenses in your area. All cells should be filled in.

If you did not spend money in a certain

Category Projected Actual Amount Difference category, use $0.
INCOME: Monthly Budget sentences with
1. Did reviewing explanations.
your total monthly income reveal anything new about how much money comes
Wages/Income $4,500.00 $4,500.00 $0.00 into reviewing
No, your household
the totaleach month
monthly or from
income where?
did not reveal Why or why
anything newnot?
about how much money comes into
Other Income $0.00 $0.00 $0.00 my household each month or from where.
INCOME SUBTOTAL $4,500.00 $4,500.00 $0.00 2. What sources did you use to find all your spending and expenses for the month? How did you find them?
EXPENSES: I tracked
3. Was the all information
my spending youand expenses for theaccessible?
needed easily month by recording them
Or could youinmake
my phone.
changes to your
Rent/Mortgage $2,000.00 $2,000.00 $0.00 banking or bill paying habits that make data analysis easier?
Electricity $250.00 $200.00 -$50.00 no Did
4. it's easy
you already kow all your monthly spending habits or did creating the budget reveal new
Natural Gas $0.00 $0.00 $0.00 insights for you?
Water $200.00 $150.00 -$50.00 i already
cover knew
your my monthly
expenses? Or spending
did you rely on credit cards or debt to help cover some of your
Cellphone $40.00 $40.00 $0.00 monthly expenses?
Internet $20.00 $20.00 $0.00 i had enough
sound income i didn’t
understanding need
of how any you
much debt earn versus how much you spend before completing the
Car Expenses (Gas, oil, etc.) $0.00 $0.00 $0.00 budget?
I already had a sound understanding of how much I earn versus how much I spend before completing the
Groceries/Food $500.00 $377.00 -$123.00 budget,
7. Whatsochanges
I was notcould
surprised
you by the results
make to yourinhousehold
the Budget cash
Summary
flowssection.
(in or out) to help improve your
Clothing $350.00 $400.00 $50.00 monthly budget in the future?
Shopping $250.00 $300.00 $50.00 stop
8. Whatshopping
is thea most
lot useful thing the monthly budget preparation has revealed to you that you
Entertainment $150.00 $200.00 $50.00 could use
planning in your is
decisions future personal financial
the importance planning
of allocating decisions?
a specific portion of my income to savings and
Miscellaneous/Other $0.00 $0.00 $0.00 emergency funds, ensuring a more secure financial foundation. using complete sentences
EXPENSES SUBTOTAL $3,760.00 $3,687.00 -$73.00

PROJECTED ACTUAL DIFFERENCE

BUDGET SUMMARY

TOTAL INCOME $4,500.00 $4,500.00 $0.00

TOTAL EXPENSES $3,760.00 $3,687.00 -$73.00

NET (Total extra or debt) $740.00 $813.00