Monthly Family Budget Plan
HOUSING
Mortgage or rent Property Tax Condo Fees Home Insurance Life Insurance Telephone Cell Phone(s) Electricity Gas Water and sewer Cable/Satellite/Internet Waste removal Maintenance or repairs Garden/Landscaping Other Other
*43%
1st Pay
2nd Pay
PPaid
SAVINGS
*10%
1st Pay
2nd Pay
PPaid
Retirement account Investment account Savings account RESP account
Subtotals
CHILDREN
Daycare Activities Allowance
$ *7% 1st Pay
-
$
2nd Pay PPaid
Subtotals
FOOD
Groceries Dining out Other
$ *15% 1st Pay
-
$
2nd Pay PPaid
Subtotals
DEBT
Personal Loan Student Loan Line of Credit Credit card
$ *5%
1st Pay
$
2nd Pay PPaid
Subtotals
PERSONAL CARE*3%
Dry cleaning Health club Organization fees Other
$ 1st Pay
-
$
2nd Pay PPaid
Credit card Dept. Card Dept. Card Child Support Other
Subtotals
ENTERTAINMENT *5% Video/DVD/CDs Movies $ 1st Pay $ 2nd Pay PPaid Concerts Sporting events Live theater Gifts Other Other
$ 1st Pay
-
$
2nd Pay PPaid
Subtotals
TRANSPORTATION* 12% Car payment Parking Public Transportation Car Insurance Gas Maintenance Other
Subtotals
MONTHLY INCOME Income 1 $ $ Income 2
$ 1st Pay
-
$
2nd Pay
Subtotals
Total Income Total Budget Balance remaining
$ $ $
-
$ $ $
-
The Family Monthly Budget Plan is a simple strategy to becoming debt free and achieving wealth over time. The plan is designed to keep you on track with what expenses need to be paid in the first pay or the second pay period of each month. As a guide line to achieving financial fitness next to each category is the maximum % that you should be spending per category based on your monthly take home pay. If you are finding it difficult to bring financial balance into your life, contact your Personal Financial Service Officer for assistance at 1-800-2097444.