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Personal Monthly Budget

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ABOUT THIS DOCUMENT

This Personal Monthly Budget sets forth a template spreadsheet that should be used by individuals to create a monthly budget. The individual should enter a projected and actual monthly income and then expenses, such as household expenses, transportation expenses, entertainment, debt repayment, medical expenses, savings, etc. The spreadsheet will calculate any available balance, the difference between income and expenses, for the month. This spreadsheet can help an individual track income that remains after necessary expenses are paid and helps the individual plan for future savings.

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Pages: 1
Size: 28 kb
Format: Excel Spreadsheet

Text Version

Personal Monthly Budget

Income 1 $4,300 PROJECTED BALANCE

$3,405

PROJECTED MONTHLY INCOME Extra income $300 (Projected income minus expenses)

Total monthly income $4,600 ACTUAL BALANCE

$3,064

(Actual income minus expenses)

Income 1 $4,000

DIFFERENCE

ACTUAL MONTHLY INCOME Extra income $300 ($341)

(Actual minus projected)

Total monthly income $4,300





HOUSING Projected Cost Actual Cost Difference ENTERTAINMENT Projected Cost Actual Cost Difference



Mortgage or rent $1,000 $1,000 $0 Video/DVD $0

Phone $54 $100 ($46) CDs $0

Electricity $44 $56 ($12) Movies $0

Gas $22 $28 ($6) Concerts $0

Water and sewer $8 $8 $0 Sporting events $0

Cable $34 $34 $0 Live theater $0

Waste removal $10 $10 $0 Other $0

Maintenance or repairs $23 $0 $23 Other $0

Supplies $0 $0 $0 Other $0

Other $0 $0 $0 Subtotals $0 $0 $0

Subtotals $1,195 $1,236 ($41)

LOANS Projected Cost Actual Cost Difference

TRANSPORTATION Projected Cost Actual Cost Difference Personal $0

Vehicle payment $0 Student $0

Bus/taxi fare $0 Credit card $0

Insurance $0 Credit card $0

Licensing $0 Credit card $0

Fuel $0 Other $0

Maintenance $0 Subtotals $0 $0 $0

Other $0

Subtotals $0 $0 $0 TAXES Projected Cost Actual Cost Difference

Federal $0

INSURANCE Projected Cost Actual Cost Difference State $0

Home $0 Local $0

Health $0 Other $0

Life $0 Subtotals $0 $0 $0

Other $0

Subtotals $0 $0 $0 SAVINGS OR INVESTMENTS Projected Cost Actual Cost Difference

Retirement account $0

FOOD Projected Cost Actual Cost Difference Investment account $0

Groceries $0 Other $0

Dining out $0 Subtotals $0 $0 $0

Other $0

Subtotals $0 $0 $0 GIFTS AND DONATIONS Projected Cost Actual Cost Difference

Charity 1 $0

PETS Projected Cost Actual Cost Difference Charity 2 $0

Food $0 Charity 3 $0

Medical $0 Subtotals $0 $0 $0

Grooming $0

Toys $0 LEGAL Projected Cost Actual Cost Difference



Other $0 Attorney $0

Subtotals $0 $0 $0 Alimony $0

Payments on lien or judgment $0

PERSONAL CARE Projected Cost Actual Cost Difference Other $0

Medical $0 Subtotals $0 $0 $0

Hair/nails $0

Clothing $0

TOTAL PROJECTED COST $1,195

Dry cleaning $0

Health club $0

TOTAL ACTUAL COST $1,236

Organization dues or fees $0

Other $0

TOTAL DIFFERENCE ($41)

Subtotals $0 $0 $0

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