BUSINESS START-UP

BUDGET WORKSHEET
Complete this Budget Worksheet

CATEGORY

BUDGET AMOUNT

ACTUAL AMOUNT

DIFFERENCE

INCOME:
Wages and Bonuses
Interest Income
Investment Income
Miscellaneous Income

Income Subtotal

3000

51000
54000

3000
0
0
51000
54000

0
0
0
54000

0
0

0
0
0
54000

INCOME TAXES WITHELD

Federal Income Tax
Provincial Income Tax

Income Taxes Subtotal

Spendable Income

EXPENSES:
Home:
Mortgage or Rent
Homeowners/Renters Insurance
Property Taxes
Home Repairs/Maintenance/Other Dues
Home Improvements

6600
110

6600
110
0
2040
0

2040

UTILITIES:
Electricity
Water and Sewer
Natural Gas or Oil
Telephone (Land Line, Cell)

240

480

240
0
0
480

2880
720

2880
720

25000

0
25000

FOOD:
Groceries
Eating Out, Lunches, Snacks

FAMILY OBLIGATIONS:
Child Support/Alimony
Day Care, Babysitting, Tuition

HEALTH AND MEDICAL:

Insurance (medical, dental, vision)
Out-of-Pocket Medical Expenses
Fitness (Yoga,Massage,Gym)

288

288
0
0

TRANSPORATIONS:
Car Payments
Gasoline/Oil
Auto Repairs/Maintenance/Fees
Plate and Auto Insurance
Other (bus, subway, taxi)

0
0
0
0
1344

1344

DEBT PAYMENTS:
Credit Cards
Student Loans
Other Loans

0
360
0

360

ENTERTAINMENT/RECREATION:
Cable TV/Videos/Movies
Computer Expense
Hobbies
Subscriptions and Dues
Vacations

170
1600
300

170
1600
300
0
0

PETS:
Food
Grooming,Boarding, Vet

CLOTHING:
INVESTMENTS AND SAVINGS:

0
0
400

RRSP
Stocks/Bond/Mutual Funds
RESP
Savings
Emergency Fund

0
0
0
0
0

MISCELLANEOUS:
Toiletries, Household Products
Gifts/Donations
Grooming (Hair,Make-up, Other)
Miscellaneous Expense

Total Investments and Expenses

Surplus/Shortage (Spendable income minus expenses & investments)

100
300
400
43332
10668

0
0

100
300
400
0
43332
10668