Sample Budget (overview) 

This overview will help you see what you are paying each month and how much money you have left over once all expenses are paid. 

Step 1 — Gather your monthly expenses and depict them in the manner shown below:

Due date (each Month)  - Monthly Bill - Payment Amount

1st - Rent/Mortgage - $1000                         

10th - Car Payment   -    $500 

10th - Electric    -     $200

15th - Car insurance  -   $100

18th - Water    - $ 50

20th - Cell Phone       -   $80

28th - Gas ( utility)    -   $20

30th - Cable/Internet     -  $100

Monthly - Fuel - $200 ($50 x 4 weeks)

Monthly - Food - $400 ($100 x 4 weeks)

Monthly - Daycare - $1200 ($300 x 4 weeks)

Step 2 - Add up all the monthly expenses - Based on the example above the total would be = $3,850

Step 3- Write down how much you bring home each paycheck or monthly income.

For this example, the amount is - $2,185 per check after taxes, receiving at least (2) checks per month, the total monthly income = $4,370.

Final Calculations: Take your monthly income and subtract the expenses for the month:

$4,370 (pay per month)  - $3,850 (expenses)  = $520

•  If the above number for you is negative number then you may be in some financial trouble.

• If the above number is positive, then you may be able to use that money towards, investments, vacations, or emergency savings.  

If you would like to know how to implement a plan to improve your financial foundation by using this budgeting style email us to set up a time to talk.

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