Balanced Monthly Spending Plan for ________________________
Free financial budget worksheet (2 of 3)
You should have completed the monthly budget worksheet to enable you to compare your actual
spending for the month against your net monthly income. In this worksheet, we want to help you create a
balanced spending plan.
On average, people spend 10% more than they make each month. You can't eliminate debt, increase savings, or
maximize your investments if you are spending more than you bring in each month. This worksheet will help you
create a balanced monthly spending plan so that you can cut hidden spending, increase savings, and eliminate
debt.
Print out the worksheet below and:
List your actual expenditures from January (from the previous email worksheet) in the column
labeled "Spent Last Month".
List your net monthly income and the difference between what you spent and your net
income in the "Balanced Spending Plan Summary" table.
Make the adjustments necessary for the plan to balance with your income in the column titled, "Adjusted Allocation".
Add up the totals from your adjusted allocations in the "Balanced Spending Plan Summary"
table.
Subtract your total allocations from your net monthly income. This amount should be zero so
that you have all your income allocated to a spending category, with no overspending.
MONTHLY SPENDING ACCOUNTS
MONTHLY REQUIRED EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Childcare (Day Care)
Debt/Payment To: Credit Card #1
Debt/Payment To: Credit Card #2
Debt/Payment To: Credit Card #3
Debts: Car Payment #1
Debts: Car Payment #2
Debts: Mortgage
Entertainment: Cable & Internet
Financial Plan: IRA
Insurance: Auto
Insurance: Health
Insurance: Housing
Savings
Utilities: Electricity
Utilities: Gas
Utilities: Water/Sewer/Trash
Other Expense #1
Other Expense #2
Monthly Required Total (a):
MONTHLY DISCRETIONARY EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Allowances: #First_name#
Allowances: Spouse
Auto: Gas & Oil
Childcare (Babysitter)
Clothing
Entertainment: Movies & Events
Financial Plan: Investments
Food: Dining Out
Food: Groceries
Utilities: Phone
Utilities: Mobile Phone
Other Expense #1
Other Expense #2
Monthly Discretionary Total (b):
PERIODIC SPENDING ACCOUNTS
PERIODIC REQUIRED EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Auto: Registration
Insurance: Homeowner's
Insurance: Life
Taxes: Property Taxes
Other Expense #1
Other Expense #2
Periodic Required Total (c):
PERIODIC DISCRETIONARY EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Auto: Maintenance
Donations
Financial Plan: College Fund
Financial Plan: Investments
Gifts: Birthday
Gifts: Holiday
Gifts: Other
Health: Co-pay & Supplies
Household
Vacation
Other Expense #1
Other Expense #2
Periodic Discretionary Total (d):
BALANCED SPENDING PLAN SUMMARY
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Net Monthly Income
Monthly Required Total(a)
Monthly Discretionary Total (b)
Periodic Required Total(c)
Periodic Discretionary Total (d)
Total Monthly Allocations (a+b+c+d)
Balance
(Net Monthly Income less amounts spent or allocated)
(should be 0)
There is an automated way to do this that will save you time and money! Mvelopes Personal will
help you create a balanced spending plan, and it will automatically track your spending. You will
always know exactly how much you have left to spend and how long it has to last. Mvelopes Personal
allows you to create as many budget categories as you need, and also allows you to track spending from
as many bank accounts, credit cards, and debit cards as you want. No more paperwork, no more math, and
no more manual data entry. Get a free 30 day trial of Mvelopes Personal today by
clicking here or visiting
www.mvelopes.com.
