Monthly Expenses Template (Page 7 of 8) in pdf

Monthly Expenses Template Page 7

Worksheet:

Spending plan

MONTHLY INCOME

This Month’s

Last Month’s

Spending

Estimated

This Month’s

Actual

Actual $

Target

Difference

Actual $

Difference

Net Monthly Salary (Take-

Home Pay) - Self

Net Monthly Salary - Spouse

Part-Time Job

Tips or bonuses

Military Retirement Pay

Child Support

Social Security Payment

AFDC

Food Stamps

Other:

Total Monthly

income

TOTAL ACTUAL MONTHLY INCOME

– TOTAL ACTUAL MONTHLY EXPENSES

–

= Money you can SAVE or PAY DOWN DEBTS!

If you have a negative number look back at your expenses and see where you can spend less. Enter your new

spending targets and the amount saved in the appropriate columns. For example, say you want to trim your eating

out expense from $350 to $250, enter $250 in “This Month’s Spending Target” column and $100 in the “Estimated

Difference” column.

If you have a positive number, consider adding it to your savings or paying down high-interest debts. You may still want to

review your expenses and look for possible cuts to help you pay down your debt or reach your savings goals faster.

Monthly Expenses Template Page 7