ADD FIELDS
Budgeting Worksheet
Benefits of Budgeting
Setting a budget is a great way to relieve uncertainty and stress while also
\$1,500 vacation once a year: \$1,500
Directions:
to-month (such as utilities), use your average spending based on past month's bills.
helping you to ﬁgure
out how to meet both your short-term and long-term ﬁnancial goals. Use this worksheet to
calculate your monthly expenses and income to get an idea of what you have to work with, what
your commitments are, and what you have remaining to devote to your goals.
What if my income or expense isn’t monthly?
If you have income or an expense that occurs at a diﬀerent frequency, be sure to make the
appropriate adjustment.
x by 4
÷ by 3
÷ by 6
÷ by 12
\$100 a week on groceries: \$100 x 4 = \$400/mo
\$90 water bill every 3 months: \$90 ÷ 3 = \$30/mo
÷ 12 = \$125/mo
Record your income and all of your monthly expenses. For expenses that vary month-
Weekly
Quarterly
Semi-Annually
Annually
\$720 auto insurance every 6 months: \$720 ÷ 6 = \$120/mo
Frequency
Adjustment
Example
My Monthly Income
Monthly total
INCOME
Paychecks (i.e., salary after taxes, benefits and check-cashing fees)
\$
Other income (e.g., side jobs, child support)
\$
Total monthly income
\$
My Monthly Expenses
Income
Monthly total
FOOD HOUSING
Rent or mortgage
\$
Utilities (e.g., electric, gas, water)
\$
Telecom services (e.g., Internet, cable, cell phone, landline)
\$
Other housing expenses (e.g. maintenace, property taxes, insurance)
\$
Groceries and household supplies
\$
Meals out
\$
Other food expenses (e.g., meal subscriptions)
\$
0
Budgeting Worksheet (Continued)
__ I-
ea, GreenPath
financial wellness
Expenses Monthly total
PERSONAL & FAMILY
HEALTH
TRANSPORT
Public transit (e.g., bus, taxi, ride-sharing)
\$
Gasoline \$
Car maintenance (e.g., oil changes, car wash)
\$
Car payments (e.g., insurance, loans, lease)
\$
Other transportation expesnes (e.g., parking, tolls)
\$
Prescriptions / Medications
\$
Health insurance
\$
Other health expenses (e.g. doctor's appts., glasses, contacts)
\$
Child care (e.g., daycare, babysitter)
\$
Money given or sent to family (e.g., gifts, child support)
\$
Clothing and shoes
\$
Entertainment (e.g., movies, concerts)
\$
Subscriptions (e.g., Netflix, music services, apps)
\$
Pet care (e.g., food, vet, dog-daycare, boarding)
\$
Other personal or family expenses (e.g., personal care) \$
OTHER
Fees for bank, credit card, cashier's checks or money transfers
School costs (e.g., supplies, tuition, student loans)
Other payments (e.g., money put towards credit card or savings)
Other monthly expenses
\$
\$
\$
\$
Total monthly expenses
\$
Expenses
= \$
\$ \$
Income Expenses
Budget Surplus or Deﬁcit
If your income is greater than your expenses, this is a budget surplus. Use this money to save
for goals and add to your savings account! If your expenses are greater than your income, this
indicates a budget deficit. Owing more than you are bringing in each month can make it
difficult to pay bills on time and may result in high-interest debt.
Call GreenPath today for a FREE counseling session and see how you can make the most of
your budget, lower your interest rates, and pay oﬀ debt faster.
1-800-550-1961
GreenPath Financial Wellness | 1-800- 550-1961 | www.greenpath.org
0
0
0
0