Financial Budget Worksheet
Monthly Spending plan for a balanced budget
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Balanced Monthly Spending Plan for ________________________
Free financial budget worksheet (2 of 3)
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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".
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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.
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MONTHLY SPENDING ACCOUNTS
| MONTHLY REQUIRED EXPENSES |
SPENT LAST
MONTH
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ADJUSTED
ALLOCATION
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| Childcare (Day Care) |
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| Debt/Payment To: Credit Card #1 |
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| Debt/Payment To: Credit Card #2 |
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| Debt/Payment To: Credit Card #3 |
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| Debts: Car Payment #1 |
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| Debts: Car Payment #2 |
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| Debts: Mortgage |
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| Entertainment: Cable & Internet |
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| Financial Plan: IRA |
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| Insurance: Auto |
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| Insurance: Health |
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| Insurance: Housing |
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| Savings |
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| Utilities: Electricity |
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| Utilities: Gas |
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| Utilities: Water/Sewer/Trash |
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| Other Expense #1 |
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| Other Expense #2 |
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Monthly Required Total (a):
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| MONTHLY DISCRETIONARY EXPENSES |
SPENT LAST
MONTH
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ADJUSTED
ALLOCATION
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| Allowances: #First_name# |
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| Allowances: Spouse |
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| Auto: Gas & Oil |
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| Childcare (Babysitter) |
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| Clothing |
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| Entertainment: Movies & Events |
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| Financial Plan: Investments |
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| Food: Dining Out |
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| Food: Groceries |
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| Utilities: Phone |
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| Utilities: Mobile Phone |
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| Other Expense #1 |
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| Other Expense #2 |
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Monthly Discretionary Total (b):
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PERIODIC SPENDING ACCOUNTS
| PERIODIC REQUIRED EXPENSES |
SPENT LAST
MONTH
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ADJUSTED
ALLOCATION
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| Auto: Registration |
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| Insurance: Homeowner's |
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| Insurance: Life |
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| Taxes: Property Taxes |
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| Other Expense #1 |
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| Other Expense #2 |
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Periodic Required Total (c):
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| PERIODIC DISCRETIONARY EXPENSES |
SPENT LAST
MONTH
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ADJUSTED
ALLOCATION
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| Auto: Maintenance |
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| Donations |
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| Financial Plan: College Fund |
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| Financial Plan: Investments |
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| Gifts: Birthday |
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| Gifts: Holiday |
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| Gifts: Other |
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| Health: Co-pay & Supplies |
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| Household |
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| Vacation |
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| Other Expense #1 |
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| Other Expense #2 |
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Periodic Discretionary Total (d):
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BALANCED SPENDING PLAN SUMMARY
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SPENT LAST
MONTH
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ADJUSTED
ALLOCATION
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| Net Monthly Income |
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| Monthly Required Total(a) |
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| Monthly Discretionary Total (b) |
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| Periodic Required Total(c) |
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| Periodic Discretionary Total (d) |
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| Total Monthly Allocations (a+b+c+d) |
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Balance
(Net Monthly Income less amounts spent or allocated)
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(should be 0)
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There is an automated way to do this that will save you time and money! Mvelopes Personal will
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clicking here or visiting
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