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Money Fit Automatic Budget Worksheet

This document provides instructions and a template for creating a monthly budget. It includes sections to enter monthly income from paychecks and other sources, then allocate that income across various expense categories like housing, utilities, food, transportation, health care, debt payments, and personal expenses. The final section has the user subtract their total expenses from their total income to calculate how much money remains each month, and provides advice to adjust the budget if expenses are greater than income or save additional funds if income exceeds expenses. It also mentions options for debt management assistance through the Money Fit organization.

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Assandé Pierre Kadjo
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We take content rights seriously. If you suspect this is your content, claim it here.
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779 views1 page

Money Fit Automatic Budget Worksheet

This document provides instructions and a template for creating a monthly budget. It includes sections to enter monthly income from paychecks and other sources, then allocate that income across various expense categories like housing, utilities, food, transportation, health care, debt payments, and personal expenses. The final section has the user subtract their total expenses from their total income to calculate how much money remains each month, and provides advice to adjust the budget if expenses are greater than income or save additional funds if income exceeds expenses. It also mentions options for debt management assistance through the Money Fit organization.

Uploaded by

Assandé Pierre Kadjo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Income Monthly Total

First, you’ll need to enter the income of you and


your partner. Determine your monthly income after Your Paycheck $ 0
taxes. Enter it in the boxes on the right. Combine any Partner’s Paycheck (after taxes, leave blank if none) $ 0
additional income in the third box. Calculate your
total in the final PINK box.
Other Income (child support, investments, etc.) $ 0
Total Monthly Income $ 0

Next, you will find and calculate your expenses. Expenses Monthly Total
Savings (Emergency, Vacation, etc.) $ 0
Before expenses it’s important to determine how much
of your income you’d like to save, invest, or donate.
Generosity (Donations, Gifts, Tithes) $ 0
Other Investments (Property, Securities, Funds, etc.) $ 0

Your Rent or Mortage will most likely be your largest


Rent or Mortgage Payments $ 0
expense. Calculate your utilities and other home costs.
Utilities (Water, Power, Heating, Cell Phone and Internet) $ 0
Other Home Related Expenses (HOA, Lawncare, Pets) $ 0
Groceries and Household Supplies $ 0
How much do you estimate spending on groceries
each month? Include restaurants and take out.
Eating out or Take out and Delivery $ 0
Other Food Expenses (Vending Machines) $ 0
Transportation costs can be unpredictable. Save your Main transportation cost (fuel, metro fare, ride share) $ 0
fuel receipts and determine commuting costs. Include Car insurance, loans $ 0
car insurance and car loans in this category. Other Transportation Expenses (repairs, oil changes, tires) $ 0
Medicine and Prescriptions (any form of medication) $ 0
Include your health insurance costs. Set aside an
amount to pay for co-pays and for prescriptions.
Health Insurance Premium $ 0
Other Medical Expenses (dental, eyglasses, doctor visit) $ 0
Child Care $ 0
Calculate your monthly expenses related to childcare.
Include any extracurricular activities.
Child Support (if any) $ 0
Other Family Expenses (school activities, sports) $ 0
Credit and Store Card Debt (leave empty if none) $ 0
Debt doesn’t disappear. Enter your minimum payments
unless your budget can permit more.
Medical Debt (leave empty if none) $ 0
Other Unsecured Debt (student loans) $ 0
Clothing and Shoes $ 0
Your personal and entertainment expenses need to be
included. Add them in the boxes provided.
Entertainment (Subscriptions, Recreation, Holiday Costs) $ 0
Other Personal Costs (beauty care, donations, gifts) $ 0

Combine all expenses into the PINK box total. Total Monthly Expenses $ 0

Copy your total income and expenses into the boxes.


Subtract Expenses from Income. If negative, adjust your $ 0 - $ 0 = $ 0
budget. If positive, save any additional funds. Income Expenses

If you are struggling with unsecured debts like credit card bills and payday loans, Money Fit’s Nationwide Debt Management Plan can help find
a solution to the financial problem. Our Certified Credit Counselors can review your expenses and create a budget that works with your lifestyle.
Find out more at MoneyFit.org or call us for imediate assistance: (800)432-0310
*Functions do not calculate in Internet Explorer or Microsoft Edge. They work in Google Chrome, Firefox, and Acrobat Reader.

July 2020 | Money Fit by DRS. | moneyfit.org/how-to-budget

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