Creating A Budget Instructions, Example And Sample Form Page 2
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3Example Budget
Income
Explanation & Notes
Cash-income
$1000
From work paid monthly
after taxes and health insurance
Gifts
SNAP Food Stamps income
$100
Every month
TOTAL INCOME
$1100
Fixed Expenses
Rent
$350
Telephone
$30
Utilities
$75
Transportaion
$100
Savings
$55 Savings let me not worry about
emergencies
Credit card/loan bill
$75
Variable Expenses
Food
$225 Food expense includes the amount
from Food Stamps
Clothing/personal expenses
$50
Household supplies/laundry
$25
Medical co-pays
$15
Medical Supplies
$50
Entertainment
$50
TOTAL EXPENSES
$1100
INCOME
$1100
No money left over each month. I
need to spend less on the expenses I
EXPENSES (minus)
-$1100
can control, or I cannot spend more
than the $50 I budgeted for
Remaining Monthly Balance
$0
entertainment each month
2
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Parent category: Financial