FREE BUDGET FORMS
Monthly Household Expense Planning

The first step in order to build wealth is to learn how to control your finances.

Having a carefully planned monthly budget is essential in avoiding debt, getting out of debt and saving money. The process is quite simple: subtract your total monthly expenses from your total monthly available income.

But in order for your budget to work, it must be written down on paper and you must provide as much detailed information as possible. This includes your net income or take home pay and any outside source of income. Also all your fixed expenses (mortgage or rent, car payments, auto insurance, cable, internet service, trash pickup, credit card payments) and variable expenses (utilities, groceries, gasoline, entertainment, retirement or college savings, eating, gifts an so on.)

If after subtracting all your expenses from your income you come up with a negative number, you will need to work on cutting off or reducing your household expenses immediately.

The secret to success is having discipline to spend less money than you make. You must learn to live within your means and start a saving and investment plan as soon as you get out of red.

Without knowing exactly how much money you are making and where it is all going, it becomes near impossible to figure it out how to get your financial life in order.

Free Budget Forms - Sample Household Planning

Salary and wages 1_________________________________________
Salary and wages 2_________________________________________
Spouse Salary______________________________________________
Bonuses and Fringe Benefits__________________________________
Child Support_______________________________________________
Alimony____________________________________________________
Social Security______________________________________________
Worker’s Comp______________________________________________
AFDC______________________________________________________
Retirement Income___________________________________________
Disability Payments__________________________________________
Unemployment_______________________________________________
Dividends___________________________________________________
Gifts Received_______________________________________________
Rental Income_______________________________________________
Interest Income_____________________________________________
Business Income_____________________________________________
Investing___________________________________________________
Income_____________________________________________________
Other income________________________________________________

TOTAL GROSS INCOME________________________________________

Health Insurance_____________________________________________
Savings_____________________________________________________
401K_______________________________________________________
Other Deductions_____________________________________________

TOTAL DEDUCTIONS_________________________________________

Total Gross Income minus Total Deductions____________________

MONTHLY AVAILABLE INCOME______________________________

Rent________________________________________________________
Renters Insurance____________________________________________
Mortgage____________________________________________________
Home Insurance_______________________________________________
Property Taxes_______________________________________________
Repairs______________________________________________________
Front/Backyard Care__________________________________________
Other________________________________________________________

TOTAL HOUSING EXPENSES______________________________________

Water_______________________________________________________
Gas_________________________________________________________
Heat________________________________________________________
Electric_____________________________________________________
Phone_______________________________________________________
Garbage_____________________________________________________
Sewer_______________________________________________________
Cable_______________________________________________________
Internet_____________________________________________________
Cell Phone___________________________________________________
Other_______________________________________________________

TOTAL UTILITIES_____________________________________________

Allowances__________________________________________________
Babysitting__________________________________________________
Camps______________________________________________________
Child Support________________________________________________
Daycare_____________________________________________________
Diapers______________________________________________________
Formula______________________________________________________
Recreation___________________________________________________
Sports Fees__________________________________________________
School Tuition_______________________________________________
School Supplies______________________________________________
School Photos________________________________________________
Team Fees___________________________________________________
Tutoring_____________________________________________________
Other________________________________________________________

TOTAL CHILD EXPENSES________________________________________

Auto Loan 1__________________________________________________
Auto Loan 2__________________________________________________
Bank Loan #1_________________________________________________
Bank Loan #2_________________________________________________
Student Loans________________________________________________
Credit Card #1_______________________________________________
Credit Card #2_______________________________________________
Credit Card #3_______________________________________________
Credit Card #4_______________________________________________
School Loans_________________________________________________
Bank Fees___________________________________________________
Safety Deposit Fees__________________________________________
Other_______________________________________________________

TOTAL FINANCIAL EXPENSES____________________________________

Gasoline_____________________________________________________
License Renewal______________________________________________
Auto Insurance_______________________________________________
Maintenance__________________________________________________
Tires________________________________________________________
Oil Changes__________________________________________________
Tolls________________________________________________________
Taxi_________________________________________________________
Bus Fare_____________________________________________________
Other_______________________________________________________

TOTAL TRANSPORTATION_______________________________________

Doctor______________________________________________________
Dental______________________________________________________
Eye Care____________________________________________________
Annual Physical______________________________________________
Prescriptions________________________________________________
Glasses_____________________________________________________
Health Insurance_____________________________________________
Life Insurance_______________________________________________
Other_______________________________________________________

TOTAL HEALTH EXPENSES______________________________________

Groceries____________________________________________________
Cleaning Goods_______________________________________________
Office Supply________________________________________________
Pet Care____________________________________________________
Pet Boarding_________________________________________________
Vaccinations_________________________________________________
Supplies_____________________________________________________
Other_______________________________________________________

TOTAL HOUSE EXPENSES_______________________________________

Eating Out__________________________________________________
Clothing____________________________________________________
Haircuts____________________________________________________
Nails_______________________________________________________
Salon_______________________________________________________
Health Club_________________________________________________
Entertainment_______________________________________________
Movies______________________________________________________
Hobbies_____________________________________________________
Magazines___________________________________________________
Newspapers__________________________________________________
Dues/memberships____________________________________________
Gifts Given__________________________________________________
Charity_____________________________________________________
Spending Cash_______________________________________________
Other_______________________________________________________

TOTAL PERSONAL EXPENSES____________________________________

Housing_____________________________________________________
Utilities_____________________________________________________
Children_____________________________________________________
Financial____________________________________________________
Transportation_______________________________________________
Health______________________________________________________
Household___________________________________________________
Personal____________________________________________________

TOTAL MONTHLY EXPENSES__________________________________

INCOME____________________________________________________
minus
EXPENSES__________________________________________________

GRAND TOTAL_______________________________________________


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