Creating A Budget Instructions, Example And Sample Form printable pdf download

Creating A Budget Instructions, Example And Sample Form

Creating a Budget

Instructions, Example and Sample Form

Creating a Budget can help you understand where your money goes and

help you decide the bills that are the most important to pay first. It can also

help you save money. To learn more about budgets visit

and search

What can I do about my bills?

and

Which debts do I pay first?

Under INCOME write all the money or value that comes into your

household each month. This includes value from food stamps or if

someone pays a bill for you.

Remember

A month has 4.3 weeks in it. If you make $150 per week,

multiply $150 by 4.3 to find out your monthly income.

$150 x 4.3= $645 per month

Under EXPENSES list all of your monthly bills. Include the amount you

spend on food or the bills people pay for you if you listed them under

income.

i. Looking at the list of your expenses should help you figure out which

expenses are most important.

 The most important bills to pay are for housing and food for you and your

family. Always pay these bills first.

ii. Save a little money each month as an expense. If you have savings, you

do not have to worry if there is an emergency

To find your balance each month, at the bottom of the page, subtract

your expenses from your income. The amount of money left is the only

amount you do not have to have to live at your current lifestyle. Use only

this money to pay debt or for things you do not have to have, like

entertainment, eating out etc. If your balance is negative, look at your

expenses and find ways to lower them.

/consumer/forms/budget.pdf

Creating A Budget Instructions, Example And Sample Form