2005 BUDGET

Income per mth July 2005 Salary (Mike) Net 5,000 Salary (Fran)Net 2,073.00 Other (Net Take Home) 400 TOTAL MONTHLY INCOME %GUIDE 1. Giving Tithe other Contrib World Vission NET SPENDABLE INCOME (Total Income Less Giving) % Guide 2. Savings 3. Housing Mortgage Taxes Insurance Maintenance Electrical Derrells Storage House Phone Mike and fran cell Evan Cell EricsCell 10% 250 25 $275.00 4. Loan payments FransCar Paymnt Mastercard Mikes Sears Mastercard Sears Other 0-10% 550.00 $1,100.00 7. Household Household items 5-22% Food 400.00 Household items Cosmetics 1.00 Barber Laundry/cleaning 100.00 Books Gifts Education 250.00 Clothing 450.00 Allowances Other $400.00 8.Professional Professional Services Services 0 Dental Medial/Presc Legal Union Dues Evan BracesPymt other $912.15 9.Entertainment Entertainment Dining out Lunches Movies/Events Vacation Trips Heallth Club Hobbies Other $1,201.00 Income vs. Expense Total Expenses Income Expenses Frans Car insurance pymt is every 3 months We could save $500 a mth if evan and Eric paid their ins and cell phone Food and Gas are conservative estimates $120.00 7,198.00 6,547.57 650.43

$7,473

50.00

5-10% 25-38% 1,200.00

457.21 77.94 152.50 33.08 74.73 53.17 65.79

Bank Of America Bank Loans Credit Union Family Friends $7,198 Other 5. Auto/ Transportation Liscences Gas $500.00 Oil/Lube Repairs $2,114.42 Parking Registraion Other 6. Insurance Insurance Life Medical Dental Frans Car Insur Erics Mercury Ins Mikes Truck Insur other

500.00

5% 400.00

5% 57.48 150.00 100.00 230.00 155.67 219.00

5-10% 150.00 50.00

$200.00

$2,500.00 2. Savings

$2,000.00
$1,500.00 $1,000.00 $500.00 $0.00 Budget

3. Housing 4. Loan 5.Auto/Transportation 6.Insurance 7. Household 8.Professional Services 9.Entertainment