| SPENDING & SAVINGS PLAN |
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| Document & Adjust |
Renter |
Renter |
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Current |
Adjusted |
Home Owner |
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Monthly |
Monthly |
Monthly |
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| INCOME |
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| Income from job or business |
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| Rental Income |
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| Subtotal |
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| TAXES* (Note if you enter after tax income above skip this) |
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| Social Security |
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| Federal Taxes |
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| State Taxes |
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| Subtotal |
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| SAVINGS & INVESTMENT |
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| Savings For a Home |
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| Retirements |
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| Stocks/Bonds/Mutual Funds |
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| Real Estate Investments |
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| Other |
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| Subtotal |
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| LIVING EXPENSES |
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| Housing |
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| Rent |
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| Mortgage |
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| Property Tax |
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| Gas |
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| Electric |
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| Water & Trash |
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| Phone |
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| Internet Service |
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| Cable/Satelite |
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| Furniture/Decorations |
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| Kitchen & Bathware |
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| Appliances |
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| Maintenance |
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| Repairs |
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| Remodelling Cost* |
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| *depends on house you buy |
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| Subtotal |
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| Food |
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| Grocieries |
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| Restaurants & Delivery |
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| Beverages |
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| Subtotal |
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| LIVING EXPENSES CONTINUED |
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| Transportation |
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| Fuel (Gas) |
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| Maintenance |
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| Repairs |
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| Registration |
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| Parking |
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| Mass Transit (Bus or Rail fare) |
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| Bicycle |
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| Subtotal |
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| You & Your Family |
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| Clothes |
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| Shoes |
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| Outwear |
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| Gear |
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| Salon/Haircut |
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| Jewelry |
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| Makeup |
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| Toiletries |
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| Laundry |
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| Dry Cleaning |
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| Subtotal |
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| Outstanding Loans (Monthly Payments) |
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| Auto Loans |
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| Credit Cards |
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| Student Loans |
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| RV/Motorcycle/boat |
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| Other Loans |
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| Subtotal |
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| Insurance |
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| Auto Insurance |
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| Renters/Home Owners |
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| Health |
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| Life |
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| Disability |
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| Other |
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| Subtotal |
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| Health |
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| Doctors Visits |
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| Hospital/Out-Patient |
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| Drugs |
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| Dental |
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| Vision |
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| Therapy |
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| Other |
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| Subtotal |
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| Education |
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| Tuition/Classes |
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| Text Books |
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| Materials/Supplies |
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| Subtotal |
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| Kids |
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| Day Care |
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| Toys |
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| Other |
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| Subtotal |
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| Fun Time |
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| Entertainment (Movies, Concerts, Clubs) |
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| Hobby/Sport/Recreation 1 |
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| Hobby/Sport/Recreation 2 |
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| Hobby/Sport/Recreation 3 |
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| Pets |
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| Vacation & Travel |
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| Season Pass / Gym / Memebership |
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| Other |
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| Subtotal |
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| Fees to Professionals |
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| Accountant |
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| Attorney |
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| Financial Advisor |
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| Other |
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| Subtotal |
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| Other Expenses |
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| Charities |
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| Alimony/Child Support |
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| Other |
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| Subtotal |
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| TOTAL LIVING EXPENSES (add all Subtotals) |
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| ------------------------------------------------------------- |
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| Total Income |
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| Total Taxes Paid (Subtract) |
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| Total Living Expenses (subtract) |
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| Total Savings |
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| How To Use this worksheet |
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| The main idea is that once you know where the money goes, it's easier to adjust your spending. |
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| Use this as a plan. First, record what's happening now. Then, adjust accordingly if possible. |
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| Also, this work sheet covers most everything, but you may have other personal categories you want to add. |
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| Before you start, you may want to put a line through the rows that don't apply so you know what info you need |
| There is also a column for after you own a home. Keep in mind, you will typically save money on your taxes |
| after you own a home because you can write off the interest paid on a mortgage and property taxes. |
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