BUDGET WORKSHEET MONTHLY MONTHLY CATEGORY DIFFERENCE ACTUAL AMOUNT BUDGET AMOUNT INCOME: Wages and Bonuses Interest Income Investment Income, Rental income Miscellaneous Income Child Support Alimony INCOME SUBTOTAL: EXPENSES: HOME: Mortgage or Rent Homeowners/Renters Insurance Property Taxes Home Repairs/Maintenance/HOA Dues Home Improvements Service Contracts Gardening/Lawn UTILITIES: Electricity Water Gas Telephone (Land Line) Cell Phone FOOD: Groceries EATING OUT: Lunches/Dinners Take-out/Fast Food Snacks Coffee Alcoholic Beverages FAMILY OBLIGATIONS: School Fees/Uniforms Child Support Alimony Day Care, Babysitting MONTHLY MONTHLY CATEGORY DIFFERENCE ACTUAL AMOUNT BUDGET AMOUNT HEALTH AND MEDICAL: Insurance (Medical, Dental, Vision) Unreimbursed Medical Expenses, Co- pays Fitness (Yoga, Massage, Gym) TRANSPORTATION: Car/Bike Payments/Loans Gasoline/Oil Car/Bike Repairs and Maintenance Car/Bike Insurance Car/Bike License Fees Other Transportation (Bus, Taxis) DEBT PAYMENTS: Credit Cards Student Loans Other Loans ENTERTAINMENT/RECREATION: Cable TV Movie Rentals/Purchases Cinema Alcoholic Beverages/Entertaining Computer Expenses/Internet Hobbies Sports Subscriptions and Dues Vacations PETS: Food Grooming, Boarding, Vet CLOTHING/SHOES/ACCESSORIES: Clothing Shoes Accessories INVESTMENTS AND SAVINGS: Pension Stocks/Bonds/Mutual Funds College Fund Savings Emergency Fund MONTHLY MONTHLY CATEGORY DIFFERENCE ACTUAL AMOUNT BUDGET AMOUNT MISCELLANEOUS EXPENSES: Toiletries Household Products Gifts/Donations Grooming (Hair, Make-up, Other) Cigarettes TOTAL EXPENSES: Surplus or Shortage (Income Minus Total Expenses) Extra cash left in a checking account has a way of getting spent, so ensure you transfer it to a savings or investment account. Cash spending is the biggest leak in most budgets. Cash disappears quickly and if you don’t write down everything you spend it on, you will have a distorted look at your spending. For expenses incurred more or less often than monthly, convert the payment to a monthly amount when calculating the monthly budget. For instance, convert auto expense that's billed every six months to a monthly amount by dividing the six-month premium by six. This money should be kept separate from your other money so it's available when the bill becomes due.