Budget
% of Total % of Total
ITEM DESCRIPTION $ DETAIL $ SUMMARY Expense ITEM DESCRIPTION $ DETAIL $ SUMMARY Expense
GROSS MONTHLY INCOME $4,040 8. ENTERTAINMENT $242 8%
SALARY $4,000 EATING OUT $127
INTEREST $5 BABY-SITTERS $-
DIVIDENDS $15 ACTIVITIES / TRIPS $20
NOTES $- VACATION $60
RENTS $- PETS $35
BONUS $- OTHER $-
OVERTIME $-
OTHER INCOME $20 9. CLOTHING $94 3%
10. SAVINGS $165 6%
LESS:
1. TITHE / GIVING $250 11. MEDICAL EXPENSES $40 1%
2. TAXES (Fed., State, FICA) $835 DOCTOR $20
DENTIST $10
NET SPENDABLE INCOME $2,955 PRESCRIPTIONS $10
OTHER $-
3. HOUSING $1,101 37%
MORTGAGE, TAXES, INS $876 12. MISCELLANEOUS $281 10%
ELECTRICITY $85 TOILETRIES / COSMETICS $19
GAS $16 BEAUTY / BARBER $41
WATER $10 LAUNDRY / CLEANING $35
SANITATION $- ALLOWANCES / LUNCHES $66
TELEPHONE $25 SUBSCRIPTIONS $20
MAINTENANCE $68 GIFTS (incl. Christmas) $50
CABLE TV $21 CASH $50
OTHER $- OTHER $-
4. FOOD $338 11% 13. INVESTMENTS $- 0%
5. TRANSPORTATION $368 12% 14. SCHOOL / CHILD CARE $89 3%
PAYMENTS $100 TUITION $73
GAS & OIL $80 MATERIALS $16
INSURANCE $50 TRANSPORTATION $-
LICENSE / TAXES $38 DAY CARE $-
MAINT/REPAIR/REPLACE $100
OTHER $-
TOTAL LIVING EXPENSES $2,955 100.00%
6. INSURANCE $83 3%
LIFE $30
HEALTH $53 INCOME VS. LIVING EXPENSES
OTHER $-
7. DEBTS * $154 5% NET SPENDABLE INCOME $2,955
CREDIT CARDS $75
LOANS & NOTES $35 LESS TOTAL LIVING EXPENSES $2,955
OTHER $44
* (Except auto & mortgage) SURPLUS OR (DEFICIT) $0
Spending
Month : March Year: 2007
School /
Category Income Tithe/Giving Taxes Housing Food Transportation Insurance Debts Ent. / Rec. Clothing Savings Medical Miscellaneous Investments Daycare
Budgeted
Amount $4,040 $250 $835 $1,101 $338 $368 $83 $154 $242 $94 $165 $40 $281 $- $89
Date
1 2,000
2 250
3
4
5
6
7 25 50
8
9
10
11 1,500
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27 50
28 5
29
30
31
This Month
Total $3,500 $250 $- $25 $50 $5 $- $- $- $50 $- $- $- $- $-
This Month
Surplus/
(Deficit) ($540) $0 $835 $1,076 $288 $363 $83 $154 $242 $44 $165 $40 $281 $0 $89
This Month
Budget
Summary ---------> Total Income $3,500
Minus Total Expenses $380
Equals Surplus / (Deficit) $3,120
Actual vs Guide Comparison
ACTUAL GUIDE COMPARISON
Amount % Amount % Amount %
Annual Income $48,480 N/A N/A N/A N/A N/A
After Tithe/Tax Outflows:
Housing $1,101 37.26% $949 30% ($152) -7%
Food $338 11.44% $380 12% $42 1%
Transportation $368 12.45% $411 13% $43 1%
Insurance $83 2.81% $158 5% $75 2%
Debts $154 5.21% $158 5% $4 0%
Entertainment $242 8.19% $221 7% ($21) -1%
Clothing $94 3.18% $190 6% $96 3%
Savings $165 5.58% $158 5% ($7) -1%
Medical Expenses $40 1.35% $127 4% $87 3%
Miscellaneous $281 9.51% $158 5% ($123) -5%
Investments $- 0.00% $253 8% $253 8%
School/Child Care $89 3.01% $- 0% ($89) -3%
Unallocated $0 0.00% $- 0% $0 0%
Total Outflows $2,955 100.00% $3,163 100.00% $208 0.00%
Annual Percentage Guide - $'s
Gross Income $25,000 $35,000 $45,000 $55,000 $85,000 $125,000
1. Tithe/Giving $2,500 $3,500 $4,500 $5,500 $8,500 $12,500
2. Taxes1 $3,250 $6,650 $9,000 $11,550 $18,000 $30,000
Net Spendable 19,250 24,850 31,500 37,950 58,500 82,500
3. Housing $7,315 $8,946 $10,080 $11,385 $17,550 $24,750
4. Food $2,695 $2,982 $3,780 $4,554 $6,435 $9,075
5. Transportation $2,695 $2,982 $4,095 $4,934 $7,605 $9,900
6. Insurance $963 $1,243 $1,575 $1,898 $2,925 $4,125
7. Debts $963 $1,243 $1,575 $1,898 $2,925 $4,125
8. Entertainment/
Recreation $770 $1,491 $2,205 $2,657 $4,095 $6,600
9. Clothing $963 $1,243 $1,575 $2,277 $4,095 $5,775
10. Savings $963 $1,243 $1,575 $1,898 $2,925 $4,125
11. Medical / Dental $963 $994 $1,260 $1,518 $2,340 $3,300
12. Miscellaneous $963 $1,243 $1,575 $1,898 $2,925 $4,125
13. Investments2 $- $1,243 $2,205 $3,036 $4,680 $6,600
14. School/Child Care3 $- $- $- $- $- $-
15. Unallocated Surplus
Income $- $- $- $- $- $-
Annual Percentage Guide - %'s
Gross Income $25,000 $35,000 $45,000 $55,000 $85,000 $125,000
1. Tithe/Giving $2,500 $3,500 $4,500 $5,500 $8,500 $12,500
2. Taxes1 $3,250 $6,650 $9,000 $11,550 $18,000 $30,000
Net Spendable 19,250 24,850 31,500 37,950 58,500 82,500
3. Housing 38% 36% 32% 30% 30% 30%
4. Food 14% 12% 12% 12% 11% 11%
5. Transportation 14% 12% 13% 13% 13% 12%
6. Insurance 5% 5% 5% 5% 5% 5%
7. Debts 5% 5% 5% 5% 5% 5%
8. Entertainment/
Recreation 4% 6% 7% 7% 7% 8%
9. Clothing 5% 5% 5% 6% 7% 7%
10. Savings 5% 5% 5% 5% 5% 5%
11. Medical / Dental 5% 4% 4% 4% 4% 4%
12. Miscellaneous 5% 5% 5% 5% 5% 5%
13. Investments2 0% 5% 7% 8% 8% 8%
14. School/Child Care3 0% 0% 0% 0% 0% 0%
15. Unallocated Surplus
Income 0% 0% 0% 0% 0% 0%
1. The tax category includes taxes for Social Security and a small amount for state taxes. To be
completely accurate, you will need to calculate your actual taxes. The tax code changes
regularly. Please be sure to insert your actual tax into this category.
2. This category is used to fund long-term goals such as college education or retirement.
3. If you have school/child care expenses, these percentages must be deducted from other
categories.
