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

3500

52000
55500

3500
0
0
52000
55500

0
0

0
0
0
55500

INCOME TAXES WITHELD

Federal Income Tax
Provincial Income Tax

Income Taxes Subtotal

Spendable Income

0
0
0
55500

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

7000
150

7000
150
0
2100
0

2100

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

FOOD:
Groceries
Eating Out, Lunches, Snacks

200
500
80

200
0
500
80

2980
750
50

750
50

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)

10000

10000
0

292
150

150
0
50

50

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

200
300
100
80

200
300
100
80
0

200
360

200
360
0

200
40
60
70

200
40
60
0
70

20
50

20
50

200

200

DEBT PAYMENTS:
Credit Cards
Student Loans
Other Loans

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

PETS:
Food
Grooming,Boarding, Vet

CLOTHING:
INVESTMENTS AND SAVINGS:
RRSP
Stocks/Bond/Mutual Funds
RESP
Savings
Emergency Fund

0
0
0
10000
0

10000

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

Total Investments and Expenses

Surplus/Shortage (Spendable income minus expenses & investments)

50
80
20
36332
19168

0
0

50
80
20
0
36332
19168