Name: Date:
Money Diet Challenge
Last Months Expenses Goals: Areas to evaluate or change Final Evaluation
Monthly Income: Step 1 Gross monthly income/salary (before taxes, etc) from all working parties: Net income/salary (after taxes, deductions) from all working parties: Interest Dividends, Investments, Income from properties owned: Social Security or other Government Benefits: Other Income (Child Support, Help from Family/Friend): TOTAL: Monthly Expenses: Step 2 Rent Mortgages Property Taxes (if not included in mortgage) and HOA Home/Renters Insurance (if separate from payment) Electricity Gas/Heat Water/Sewage/Trash Home phone Cell Phone Cable/Satellite Internet Car loan / lease payment Other vehicle (RV, bike, etc) Auto Insurance Health (DON'T include if already taken from paycheck) Life (DON'T include if already taken from paycheck) Cards (credit/store) and Lines of Credit Loans: personal, student, payday Collections and medical ENTER NAME OF OTHER DEBT HERE
$-
Housing:
Utilities:
Transportation:
Insurance: Debt Payments:
SUBTOTAL:
$-
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, formats, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA FCF. Last Revision:7/14/2008
Additional Variable Monthly Expenses: Step 3 Repairs, improvements, etc. Groceries Eating Out (School/Work lunches, dinners) Transportation: Gas, public transportation Repairs, registration, maintenance Personal Services: Hair cuts, nails, dry cleaning, toiletries Club/Union dues, memberships Children: School, sports, music, clubs, etc. Child Support/Day care Other expenses (formula, diapers, etc) Medical: Pharmacy Medical/Dental Entertainment: Recreational Activities (movies, books, going out) Savings: Vacation Savings (or timeshare expense) Additional Savings (not already taken from paycheck) Investments/stocks (not already taken from paycheck) Other: Gifts Clothing Tobacco Pets Charitable/Church Donations ENTER NAME OF OTHER EXPENSE HERE ENTER NAME OF OTHER EXPENSE HERE ENTER NAME OF OTHER EXPENSE HERE ENTER NAME OF OTHER EXPENSE HERE SUBTOTAL: Housing: Food:
$-
Total Net Income: Total Expenses: Amount left: Total Debt payment: Mortgage(rent), car, credit cards, personal/student loans Debt to Income: Percentage of Income Necessary for Debt Payments:
$
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, formats, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA FCF. Last Revision:7/14/2008
Assets Home value/other property Auto value Auto value Stocks, bonds, 401k ENTER OTHER ASSET HERE ENTER OTHER ASSET HERE ENTER OTHER ASSET HERE ENTER OTHER ASSET HERE
Amount
Liabilities-other than program debt Mortgages-1st Mortgages- 2nd Auto loans Auto loans Student Loans ENTER LIABILITY HERE ENTER LIABILITY HERE ENTER LIABILITY HERE ENTER LIABILITY HERE
Amount
Assets= Value of things you own, like a house, car, investments, bank accounts. Liabilities= Amounts you owe to someone else for goods/services.
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, formats, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA Fair Credit Foundation.
Recommended Percentages By Category
Recommended % of Net Income Amount in Dollars from Budgeted Net Budgeted Budgeted Amount Spent % of Net by Category Income Actual Amount Spent by Category Actual % of Net Income
Monthly Net Income
Mortgage/Rent (includes taxes, insurance, repairs, HOA) Utilities
30%
#VALUE!
Housing Total:
Vehicle lease/payments Insurance Gas, maintenance, repairs
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
15%
#VALUE!
Transportation Total:
Cards and LOCs Loans Collections and medical Other
5%
#VALUE!
Debt Total:
Groceries Eating Out
Food Total:
Additional Insurance Personal/Recreation/Vacation Children Expenses Other Expenses
16%
#VALUE!
24%
#VALUE!
Other Total:
Savings and Investments
Total Savings: Expense Total:
Min 10%
100%
#VALUE!
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA Fair Credit Foundation.
Month by Month Tracking of Expenses Select this cell with your Mouse
Monthly Income: Step 1 Gross monthly income/salary (before taxes, etc) from all working parties: Net income/salary (after taxes, deductions) from all working parties: Interest Dividends, Investments, Income from properties owned: Social Security or other Government Benefits: Other Income (Child Support, Help from Family/Friend): TOTAL: Monthly Expenses: Step 2 Rent Mortgages Property Taxes (if not included in mortgage) and HOA Home/Renters Insurance (if separate from payment) Electricity Gas/Heat Water/Sewage/Trash Home phone Cell Phone Cable/Satellite Internet Car loan / lease payment Other vehicle (RV, bike, etc) Auto Insurance Health (DON'T include if already taken from paycheck) Life (DON'T include if already taken from paycheck) Cards (credit/store) and Lines of Credit Loans: personal, student, payday Collections and medical ENTER NAME OF OTHER DEBT HERE
Monthly Averages
Month 1
Month 2
Month 3
$0.00 $-
$0.00
$0.00
$0.00
Housing:
Utilities:
Transportation:
Insurance: Debt Payments:
SUBTOTAL:
$0.00 $-
$0.00
$0.00
$0.00
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA Fair Credit Foundation.
Additional Variable Monthly Expenses: Step 3 Repairs, improvements, etc. Groceries Eating Out (School/Work lunches, dinners) Transportation: Gas, public transportation Repairs, registration, maintenance Personal Services: Hair cuts, nails, dry cleaning, toiletries Club/Union dues, memberships Children: School, sports, music, clubs, etc. Child Support/Day care Other expenses (formula, diapers, etc) Medical: Pharmacy Medical/Dental Entertainment: Recreational Activities (movies, books, going out) Savings: Vacation Savings (or timeshare expense) Additional Savings (not already taken from paycheck) Investments/stocks (not already taken from paycheck) Other: Gifts Clothing Alcohol/Tobacco Pets Charitable/Church Donations ENTER NAME OF OTHER EXPENSE HERE ENTER NAME OF OTHER EXPENSE HERE ENTER NAME OF OTHER EXPENSE HERE ENTER NAME OF OTHER EXPENSE HERE SUBTOTAL: Housing: Food:
$0.00 $-
$0.00
$0.00
$0.00
Total Net Income: Total Expenses: Amount left: Total Debt payment: Mortgage(rent), car, credit cards, personal/student loans Debt to Income: Percentage of Income Necessary for Debt Payments:
$0.00 $0.00 $0.00
$
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA Fair Credit Foundation.
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA Fair Credit Foundation.
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
Created by AAA Fair Credit Foundation. No part of this file, including graphics, formulas, or design may be reproduced, altered, or transmitted in any form or by any means, without prior written approval from AAA Fair Credit Foundation.