Monthly Expenses Worksheet Education Rent or mortgage $ Tuition $ Heating (gas or oil) $ Books, papers and supplies $ Electricity $ Newspapers and magazines $ Water or sewage $ Lessons (sports, dance, music) $ Telephones (land-lines and cell phones) $ Renters or homeowners insurance (if separate) $ Gifts Trash service $ Birthdays $ Home maintenance and furnishings $ Major holidays $ Cleaning supplies $ Lawn service $ Personal Barber or beauty shop $ Transportation Toiletries $ Gas $ Children s allowances $ Car payment $ Tobacco products $ Car insurance $ Beer, wine or liquor $ Car inspection $ Car repairs and maintenance $ Entertainment License plates and registration fees $ Movies, sporting events, concerts, etc. $ Public transportation or taxi $ Video rentals $ Parking and tolls $ Internet service $ Cable/satellite TV $ Food Restaurants and take-out meals $ Groceries $ Gambling and lottery tickets $ School lunches $ Fitness or social clubs $ Work-related (lunches and snacks) $ Vacations/trips $ Hobbies or crafts $ Insurance Health (medical and dental, if not payroll deducted) $ Miscellaneous Life $ Checking account fees, money order fees, etc. $ Disability $ Pet care and supplies $ Postage $ Medical Pictures and photo processing $ Doctor Dentist $ $ Mad money $ Prescriptions $ Debts Student loan $ Childcare Credit card (monthly minimum) $ Childcare or babysitters $ Credit card (monthly minimum) $ Child support or alimony $ Credit card (monthly minimum) $ Medical bills $ Clothing Personal loan $ Clothing $ Laundry and dry cleaning $ Other Other $ Donations Other $ Religious or charity $ Other $ Total Regular Monthly Expenses $
Session II Managing Your Money How Do You Use Money? A Self Quiz If your goals include owning your own home, you will need to save for a down payment. A down payment is typically 3 5% of the price of the home you wish to purchase. Closing costs can add another 3 5%, including appraisal, loan fees, taxes and insurance. Other additional expenses may include moving and possibly repairs. Mark T for true or F for false, to see what type of spender you are: 1. T F I only buy the best bargains and shop clearance sales. 2. T F I always save 10% of my paycheck. 3. T F I never buy on credit--i save for the purchase. 4. T F I have no savings. 5. T F Buying stuff makes me feel good. 6. T F I hope to win the lottery. 7. T F Sometimes I buy things I cannot afford to buy. 8. T F I sometimes pay my bills a little late. 9. T F On weekends I like to shop and then eat at a restaurant. 10. T F I use all my credit cards.
Monthly Spending Plan Worksheet Monthly Expense Budgeted Amount Actual Spent Difference Fixed Expenses Rent or Mortgage Heating (gas or oil) Electricity Telephones (land-lines and cell phones) Transportation Gas Car Payment Public Transportation or Taxi Parking and Tolls Insurance Health (medical and dental, if not payroll deducted) Life Disability Childcare Childcare or Babysitters Child Support or Alimony Fixed Expenses Sub-Total Periodic Fixed Expenses (Divide annual payment by 12) Renters or Homeowners Insurance (if not included in mortgage) Water or Sewage Trash Service Transportation Car Insurance Car Inspection Car Repairs and Maintenance License Plates and Registration Fees Periodic Fixed Expenses Sub-Total Flexible Expenses Food Groceries School Lunches Work-Related (lunches and snacks) Home Maintenance and Furnishings Cleaning Supplies Lawn Care Medical Doctor Dentist Prescriptions Savings Emergency Fund Down Payment Fund Clothing Clothing Laundry and Dry Cleaning
Monthly Expense Budgeted Amount Actual Spent Difference Education Tuition Books, Papers and Supplies Newspapers and Magazines Lessons (sports, dance, music) Donations Religious or Charity Other (if not payroll deducted): Gifts Birthdays Major Holidays Personal Barber or Beauty Shop Toiletries Children s Allowances Tobacco Products Beer, Wine, Liquor Entertainment Movies, Sporting Events, Concerts, Theater, Etc. Video Rentals Internet Service Cable/Satellite TV Restaurants and Take-Out Meals Gambling or Lottery Tickets Fitness or Social Clubs Vacations/Trips Hobbies or Crafts Miscellaneous Checking Account Fees, Money Order Fees, Etc. Pet Care or Supplies Postage Pictures and Photo Processing Mad Money Flexible Expenses Sub-Total Indebtedness Expenses Debts Student Loan Credit Card (monthly minimum*) Credit Card (monthly minimum*) Credit Card (monthly minimum*) Medical Bills Personal Loan Indebtedness Sub-Total Total Monthly Expenses (fixed + periodic fixed + flexible + indebtedness) Income Total Monthly Net Income Additional Savings Amount Left Over for Savings (total monthly net income - total monthly expenses) Source: CreditSmart by Freddie Mac
Money Control Worksheet This worksheet is designed to help customers see when bills are due, and to set aside money to pay them. To use the worksheet, divide each expense by the number of weeks in the month and enter the amount in each weekly column across from that expense. Name: Period: Expenses Transportation Food Insurance Medical Childcare Clothing Donations Education Gifts Personal Entertainment Miscellaneous Debts Savings Other Total Expenses On-Hand in Next Week s Column Cash Flow Week 1 2 3 4 5 Total $ on-hand $ received $ received Total
Monthly Payment Schedule Month: Expense or Bill Due Date Amount Paid
Net Monthly Income Worksheet Type of Income Salary Customer Monthly Amount Co-Applicant Monthly Amount Alimony/Child Support Rental Income Social Security Pension Income Public Assistance Self-Employment Income Dependent SSI Income Disability Income Other Employment Other Income Income Subtotal Total Net Monthly Income