Income
Your Paycheck
Partner’s Paycheck (after taxes, leave blank if none)
Other Income (child support, investments, etc.)
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$
$
Monthly Total
Total Monthly Income
$
First, you’ll need to enter the income of you and
your partner. Determine your monthly income after
taxes. Enter it in the boxes on the right. Combine any
additional income in the third box. Calculate your
total in the nal PINK box.
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$
$
Monthly Total
Expenses
Rent or Mortgage Payments
Utilities (Water, Power, Heating, Cell Phone and Internet)
Other Home Related Expenses (HOA, Lawncare, Pets)
Next, you will nd and calculate your expenses.
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Groceries and Household Supplies
Eating out or Take out and Delivery
Other Food Expenses (Vending Machines)
Your Rent or Mortage will most likely be your largest
expense. Calculate your utilities and other home costs.
How much do you estimate spending on groceries
each month? Include restaurants and take out.
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Main transportation cost (fuel, metro fare, ride share)
Car insurance, loans
Other Transportation Expenses (repairs, oil changes, tires)
Transportation costs can be unpredictable. Save your
fuel receipts and determine commuting costs. Include
car insurance and car loans in this category.
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Medicine and Prescriptions (any form of medication)
Health Insurance Premium
Other Medical Expenses (dental, eyglasses, doctor visit)
Include your health insurance costs. Set aside an
amount to pay for co-pays and for prescriptions.
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Child Care
Child Support (if any)
Other Family Expenses (school activities, sports)
Calculate your monthly expenses related to childcare.
Include any extracurricular activities.
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Credit and Store Card Debt (leave empty if none)
Medical Debt (leave empty if none)
Other Unsecured Debt (student loans)
Debt doesn’t disappear. Enter your minimum payments
unless your budget can permit more.
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Clothing and Shoes
Entertainment (Subscriptions, Recreation, Holiday Costs)
Other Personal Costs (beauty care, donations, gifts)
Your personal and entertainment expenses need to be
included. Add them in the boxes provided.
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Total Monthly Expenses
Combine all expenses into the PINK box total.
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July 2020 | Money Fit by DRS. | moneyt.org/how-to-budget
Copy your total income and expenses into the boxes.
Subtract Expenses from Income. If negative, adjust your
budget. If positive, save any additional funds.
$ $
Income Expenses
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If you are struggling with unsecured debts like credit card bills and payday loans, Money Fit’s Nationwide Debt Management Plan can help nd
a solution to the nancial problem. Our Certied 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.
Savings (Emergency, Vacation, etc.)
Generosity (Donations, Gifts, Tithes)
Other Investments (Property, Securities, Funds, etc.)
Before expenses it’s important to determine how much
of your income you’d like to save, invest, or donate.
