As at 1. Choose a weekly, fortnightly or monthly timeframe for your budget. 2. Convert all amounts to match that timeframe. Use our converter to assist you. In most cases it is easier to estimate an amount as an annual amount and then convert this to match your plan. 3. Enter information into the cells with black figures only. Cells with blue/red figures are subtotals and totals that are calculated for you. 4. Totals shown in blue are income amounts; totals shown in red are expense amounts Converter Convert an annual amount to: Convert a quarterly amount to: $ $ per week per week $ $ per fortnight $ per fortnight $ per month $ per month $ -
Section A: Income Your salary after tax Your Partner/ spouse salary after tax Pension/ benefit Family payment Child support received Board money received Rental received Investments (after tax) Other income (after tax) Total Income Section B: Expenses Housing Rent 1st mortgage 2nd mortgage Council Rates Land tax Water rates House repairs Strata levies Utilities Electricity Gas Water Telephone: Landline Telephone:Internet Telephone: Mobile Cable Television Insurance Home and contents Car Health Life Income protection Pet health insurance $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ -
Transport
Petrol Repairs Registration Licence Public Transport
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
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Food
Groceries Meat Fruit/Vegetables Lunches Take away food/ restaurants Pet food
Education
School Fees Uniforms Self Education School excursions Tutoring/Books Sports/out of school activities Pre-school Childcare
Medical
Doctor Dentist/Orthadontist Pharmacy Eye care and optometrist Specialists/alternative therapies Pet and vet
Maintenance Personal
Children Clothing Haircuts Grooming/cosmetics Entertainment Sport Club fees Newspapers and Magazines Holidays Gifts Pocket money - children Drinks alcoholic Cigarettes/Tobacco Laundry/dry cleaning Gambling/Lottories Donations Video hire/Movies Postage/Films & processing Pool/Gardening Expenses
Other
Superannuation Professional fees Other expenditure Home contents replacements Savings Special Projects Other
$ $ $ $ $ $ $
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Total basic living expenses Section C: Your loan expenses Include the loan repayment, interest and fees charged.
Use our loan repayment tool www.themortgagegallery.com.au/[link to loan calculator]. Credit Cards $ $ $ Personal loans $ $ Car Loans/ Hire purchase $ Store cards/ accounts $ $ $ Finance Companies $ $ Home loans Other debts $ Total loan expenses Total expenditure $ $ $ -
Your bottom line Your income after tax (from section A) Less your living expenses (from section B) Less your loan expenses (from section C) Equals either a surplus (in blue) or deficit (in red) $ $ $ $ -
This facility is provided as a guide only and it is recommended that you seek professional financial advice before entering into any agreement. agreement.