My Monthly Income
Monthly total
\$
\$
Total monthly income
\$
Rent or mortgage
\$
\$
\$
Telecom services (e.g., Internet, cable, cell phone, landline)
\$
Other housing expenses (e.g. maintenace, property taxes, insurance)
Groceries and household supplies
\$
Meals out
\$
\$
HOUSINGFOOD
Income
Monthly total
Other income (e.g., side jobs, child support)
My Monthly Expenses
INCOME
Frequency
Weekly
Quarterly
Semi-Annually
Annually
x by 4
÷ by 3
÷ by 6
÷ by 12
Example
\$100 a week on groceries: \$100 x 4 = \$400/mo
\$90 water bill every 3 months: \$90 ÷ 3 = \$30/mo
\$720 auto insurance every 6 months: \$720 ÷ 6 = \$120/mo
÷ 12 = \$125/mo
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
Paychecks (e.g., salary after taxes, benefits and check-cashing fees)
Utilities (e.g., electric, gas, water)
Other food expenses (e.g., meal subscriptions)
Directions: Record your income and all of your monthly expenses. For expenses that vary
month-to-month (such as utilities), use your average spending based on past months' bills.
0
Expenses Monthly total
\$
Health insurance
\$
Other health expenses (e.g., doctor 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)
\$
Other personal or family expenses (e.g., personal care) \$
\$
\$
Fees for bank, credit card, cashier's checks or money transfers
\$
Other payments (e.g., money put towards credit card or savings)
Other monthly expenses
\$
Total monthly expenses
\$
HEALTH
PERSONAL & FAMILY
OTHER
\$ \$
\$
Expenses
Expenses
Income
Pet care (e.g., food, vet, dog-daycare, boarding)
\$
=
Budget Surplus or Deﬁcit
\$
Gasoline \$
\$
\$
Car payments (e.g., insurance, loans, lease)
\$
TRANSPORT
Public transit (e.g., bus, taxi, ride-sharing)
If your income is greater than your expenses, this is a budget surplus. Use this money to save
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