Name: _______________________________

Date: ______________________

Budget Allowances

My Income this month

Gross Yearly Salary
Gross Monthly Salary (divide yearly by 12)
Net Monthly Salary (multiply gross monthly by .288)

$
$
$

Multiply your Net Monthly Salary but each percentage to determine how much of
your pay will be allotted towards that particular area.
Example: If the net pay is $2400/month then multiply 2400 * .24. That amount is
how much you can use towards housing.
Area of Allowance
Housing (24%)

Allowed Budget Amount

$

Food (14%)

Utilities (8%)

Clothing (4%)

Medical/Health (6%)

Savings/ Insurance (9%)

Gifts/Charity (4%)

Transportation (14%)

Personal Debt/Student Loan (12%)

Entertainment/Recreation (5%)

TOTAL MONTHLY EXPENSES

Net Monthly Salary

=
Expenses

Money available after expenses