Bulletin 723

Home Account Book

What Is Ohio State University Extension?
Ohio State University Extension is an educational outreach arm of The Ohio State University. It is designed to share the results of research with Ohio citizens to help improve quality of their lives and the environment in which they live. Jointly funded by federal, state, and county governments and private grants, OSU Extension’s educational programs emphasize “helping people help themselves.” Educational programs are offered in four areas: family and consumer sciences, 4-H youth development, community development, and agriculture and natural resources. Family and consumer sciences programs focus on the following areas: • Family economic well-being; • Diet, nutrition, food safety and health; • Family development; • Leadership and volunteer development.

Ohio State University Extension In Your County
There are Extension agents serving all Ohio counties. Look for “Ohio State University Extension” under county government listings in your telephone directory.

Contents
Why Keep Home Accounts?............................................................................................................... 1 You Will Need: ................................................................................................................................... 1 How to Use Your Home Account Book .............................................................................................. 2 Estimated Income by Source .............................................................................................................. 3 Estimated Contributions to Savings and Investments ........................................................................ 3 Preparing Your Net Worth Statement ................................................................................................. 4 What Your Net Worth Statement Tells You ........................................................................................ 4 Net Worth Statement........................................................................................................................... 5 Reminder of Payments on Installment Contracts and Loans .............................................................. 6 Reminder of Periodic Payments Other Than Loans and Installment Contracts ................................. 7 Monthly Income and Spending Ledgers ........................................................................................8-31 Summary of Monthly Expenses for the Year ...............................................................................32-33 End of Month Tally Sheet (optional) ...........................................................................................34-36 Additional Considerations for Financial Record-Keeping ............................................................... 37 Revised by Ella Mae Bard, M.S., Extension Family and Consumer Sciences Agent, Knox County, and Carolyn McKinney, Ph.D., Extension Family Resource Management Specialist, Consumer and Textile Sciences Department, The Ohio State University, from earlier versions prepared by former Extension specialists, N. Ackerman, M. Spray, and G. Olson.
For-sale publication Copyright © 2001, Ohio State University Extension All educational programs conducted by Ohio State University Extension are available to clientele on a nondiscriminatory basis without regard to race, color, creed, religion, sexual orientation, national origin, gender, age, disability or Vietnam-era veteran status. Keith L. Smith, Associate Vice President for Ag. Adm. and Director, OSU Extension TDD No. 800-589-8292 (Ohio only) or 614-292-1868 Revised 3/01—2.5M—Globus

Why Keep Home Accounts?
Well organized and updated home accounts are valuable financial management tools. They can: ____ ____ ____ ____ 1. Help in planning for financial matters and provide information so you can see how the plan is doing; 2. Show how family income was used; 3. Bring together the financial activities of different people in the household; 4. Provide critical information for making major financial decisions (such as “Can we afford a new TV?” or “What spending can we reduce so we can save more or repay bills more quickly?”); 5. Help identify financial “leaks” in spending or habits that “nibble” away funds; 6. Provide important information for revising financial plans when circumstances change or you face a transition (such as birth of a child, moving, retirement, etc.); 7. Help control impulse buying or haphazard spending; 8. Assist in anticipating future income needed to meet needs of a growing family; 9. Help simplify preparation of tax returns; 10. Provide opportunities for children to gain experience with family finance; 11. Help promote fairness among family members in their use of income. Check () all of the above that would help your financial situation now.

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You Will Need: 
A convenient location to work on financial data with storage for your Home Account Book and related files and records.  A place—a box or jar—where everyone in the household knows to put receipts, sales slips, etc., so you can enter expenditures in the account book and make record keeping a family affair.  A specific spot everyone knows to put incoming bills to be paid and other financial mail.  Files or folders for income tax information and receipts for tax time. (Keep separate the closing year tax papers and items for the new year.)  Permanent files for your Personal Property Inventory and Home Improvements.  An adding machine or small calculator.  A pad and pencil in your pocket or purse to jot down purchases.  A planned time to work on your records. Optional: If you want a beginning budget, it is very helpful if you have access to any past records or check book that provide information about the household spending patterns. (If you do not have these figures, you can make some rough estimates for your initial budget or just start keeping current income and expense notations.)

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How to Use Your Home Account Book
You can adapt the Home Account Book to fit your household and preferences. The following tips outline steps to help you get started and list periodic functions to make the records work for you. Getting Started Become familiar with the Home Account Book. Start filling in the planning worksheets: Estimated Income (page 3); Estimated Savings (page 3); and Reminder of Payments (pages 6-7). Change the headings of columns on monthly record pages to fit your situation. For example, if you do not have child care expense, skip that column or re-name the space for another purpose. If you wish, draft a budget on pages 32-33 (Column 8). Use pencil, so you can adjust the estimates if you find it is not working. For the first year your budget may be a rough guess. Later, with your records for reference, you will be able to outline a customized budget. Complete the Net Worth Statement, page 5. With this beginning data you can compare and assess changes at the end of the year and set goals for the future. When you start, it is especially important to check “cash flow” for the first month or two and to compare with “Reminder” charts on pages 6-7. Will there be enough cash and income to cover current expenses and obligations? After you are underway, the “set-aside” each month will begin to build up to cover the periodic and seasonal payments. Until then, some caution is needed. Making it Work Keep account book up to date—schedule time weekly (or at least twice monthly) to enter income and expenses. This may be the same time you are writing checks for payments. Your records need not account for every penny. For many entries you may round up to even dollars. (But do not try this with your credit records and bank accounts.) Label each entry with a description. List enough information to identify what it represents so you can easily look for omissions and avoid double entries.
THIS Tues Lunch $8. Groceries Wed $10. Movie $10.50 Mom’s gift $14. NOT THIS Lunch $8. Food $10. $10.50 Gift $14.

may be discarded, when not needed for a return or exchange. There are a few exceptions: Save major proofs of purchase and receipts for your personal property inventory and keep home improvement/remodeling receipts as long as you own the property.
Take care to record credit and debit card use as well as savings deposits and withdrawals. Credit use—Record money borrowed, or goods and services bought on credit, as “credit purchases.” Also record credit purchases under the appropriate expense column(s). Record payments under “credit payments.” Debit Card—A debit purchase is recorded in your check book as a withdrawal from your account and in Home Account Book just like a cash purchase. Savings—Deposits to savings are listed in a special column on the Monthly Record pages. If you make a withdrawal, the amount must be subtracted from savings and comes back into cash or checking account as “taken from savings.”

At the End of the Month Total the columns at the end of each month. These totals may be transferred to the optional summary page, if you want to justify for cash balance at the end of the month. This is a way to keep track of “miscellaneous” or other expenses that were not recorded during the month. Transfer the totals to the Annual Summary, pages 32-33. Compare spending with your plan to see if you need to make changes in your budget or your spending habits. Review cash flow and “set-aside” for the next month; compare with Reminders of Payments on pages 6-7. Mid Year Check Up How are you doing? With 5-6 months of records, you can review your plan, and make adjustments to the budget or to spending habits, as needed (pages 32-33). End of the Year • Total all columns and use these figures to calculate a budget for the coming year. • Complete the Net Worth Statement in your new Home Account Book to determine gain or loss for the year. • In addition to the information in the Home Account Book you will receive data from others. From the mortgage holder you will receive IRS form–1098 with the totals to add principle to the value of your home on the next Net Worth Statement AND the amount of mortgage interest and real estate taxes that are deductible if you file a long 1040 form and itemize deductions.
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Keep statements, receipts, and canceled checks you will need for tax purposes. Other account records can be held for several months or to the end of the year. Cash receipts

Apr. Totals Sales/Commissions Rent Withdrawal from Savings Interest Dividends Retirement/Pension #1 Retirement/Pension #2 Social Security/SSI #1 Social Security/SSI #2 Expense Acct.Year________ Source Salary/Wages #1 Salary/Wages #2 Misc. May June July Aug. Dec. Refunds Other Refunds Gifts Cash Loans Received Other (____________) Other (____________) Other (____________) TOTALS Year________ Estimated Contributions to Savings and Investments Source Retirement/Pensions IRAs CDs Savings Accounts Stocks Bonds Mutual Funds Other (____________) Other (____________) TOTALS Jan. May June July Aug. Labor Estimated Monthly Income By Source Jan. Dec. Oct. Feb. Nov. Sept. Oct. Totals Reminder: Withdrawals from savings need to be treated as “income” and listed in the appropriate month. Nov. Mar. Apr. Mar. Feb. 3 . Sept.

Having many assets with low liquidity (inability to immediately convert to cash) may mean not having adequate cash available to pay current expenses if income suddenly decreases. doing your net worth statement can highlight the importance of debt reduction to improve your financial position. household goods. Term insurance pays only if the insured dies. It is like a “financial snapshot” that shows the dollar value of what you own and what you owe. your net worth TODAY is $20. If recently purchased.000. For example. this usually means that you must make some “tough” financial choices to save and invest for the future rather than spend everything today or take on high consumer debt. 4 . This relationship can be stated as: Assets – Liabilities = Net Worth. For life insurance. unpaid utility bills. the purchase price could be used. Check the financial pages of your daily newspaper or a web site. It may take some searching to determine the current financial value of investments such as stocks. However. For increased financial security over time. and other debts. For most people. Checking your net worth statement at the beginning and end of each year can show you how your situation is improving. Net worth is the dollar amount you would have if all assets were sold today for current market value and all debts were paid in full. what the asset would be worth if sold today to a willing buyer). Use a recent account statement or call your broker for current price information on the investment(s) you hold. Having a copy can speed up the loan application process. it’s usually financially “wiser” to allocate more financial resources to assets that “appreciate” (gain financial worth) or at least hold financial value.Preparing Your Net Worth $tatement What is a “Net Worth Statement?” This financial tool shows your current overall financial position at a given point in time. Your net worth is the difference between your total assets (what you own) and your total liabilities (what you owe). list only “cash value” policies (or what you could borrow from the policy today). the value is more difficult to determine. if recently acquired. Otherwise. Having an updated net worth statement can be helpful when making financial decisions. For personal possessions (personal property) such as vehicles. the purchase price of your house or other “real” property can be used. check recent sales of similar properties.) What Your Net Worth $tatement Tells You Obviously. rent. consult a realtor to get a market quote on the value of the property if you were to sell it now. (You may need to use the most recent account statements to estimate current obligations. And. Otherwise. For mortgages. Determine the financial value of what you own. Assets. if liabilities exceed the value of your assets (negative net worth). Most loan applications require financial data that appears on your net worth statement. if your assets have a current financial value of $28. one’s financial position is less advantageous. and insurance premiums coming due. and mutual funds where the value fluctuates. if you already are overloaded with consumer (non-mortgage) debt.000 today and you currently owe $8. even a person with a high net worth may have financial difficulties. Of course. and recreational equipment. Most of these items lose financial value (depreciate) from day of purchase. Or. Also list unpaid bills such as income and property taxes you currently owe. Liabilities. bonds.000 in credit card balances. The financial value of cash and other liquid assets is determined by counting “cash on hand” and/or getting the current balance for checking and savings accounts. financial security is built slowly over time. clothing. Determine the dollar value of your debts (what you owe). consult the newspaper classified ads or visit some garage sales to see what possessions usually sell for. list the balance due. you need to take corrective action immediately. However. If a high proportion of your asset value is in “depreciable” property (personal possessions or investments that quickly lose value). This value must be expressed in “current market value” (in other words. loans. and thus has no “cash value” for asset purposes.

compute your Net Worth at the beginning and at the end of the year to learn whether or not you have been getting ahead financially.) Net Worth (Previous Yr.) Total Liabilities $ Net Worth (Current Yr. etc. life insurance. What you owe will include all kinds of indebtedness incurred in providing for family living as well as debts for investments and business (if a sole proprietor or partnership). Our Financial Position on ______________ 20____ ASSETS (What we own) Real Estate (Home) Other Personal Property (Market Value) Automobile(s)/Vehicles Household Furnishings & Equipment Other Savings & Investments: Savings Accounts/CDs Savings Bonds Life Insurance. Your Net Worth statement is a comparison of what you own (assets) and what you owe (liabilities). values of inventories in a business (sole proprietorship or partnership).Net Worth Statement To get a complete financial picture. etc.) Charge Accounts (Balance Due) Dollars Owed $ 5 .) GAIN OR LOSS $ $ $ Estimated LIABILITIES (Market) Value (What we owe) $ Real Estate/Home Mortgage (Balance) Other Installment Contracts (Balance Due) Vehicles Furnishings/Appliances Other Personal Loans (Balance Due) Education Medical Other (Education. IRAs. professional services.) Insurance Premiums Rent Utilities Other (Medical/dental. It includes investments. income. Keo Equity in Retirement Programs Stocks & Bonds Mutual Funds Other Other Cash: On Hand In Checking Account Accounts Receivable (owed to you) Business Inventory Total Assets $ Assets Liabilities NET WORTH $ $ $ Business Liabilities Unpaid Bills: Taxes (Property. and other assets. etc. Cash Value Annuities.

Sept. record under monthly expenditures in the appropriate category.00 Aug.00 TOTALS Monthly “Set-Aside” Needed for Installment & Loan Payment $ Divide Yearly Total by 12 to Get Average Monthly “Set-Aside” Needed for Installment & Loan Payments 6 . As payments are made. Oct.00 Nov.00 Feb. Dec. list all payments for the year and divide by 12. Loan Jan. $100.Reminder of Payments on Installment Contracts and Loans To calculate monthly “set-aside” amount. Total for Year $400.00 May MONTHS June July $100. Be sure to “set aside” that amount each month to have the needed funds available when the payments are due. $100. $100. Mar. YEAR Item Example: Edu. Apr.

$362.00 TOTALS Monthly “Set-Aside” Needed for Periodic Payment $ Divide Yearly Total by 12 to Get Average Monthly “Set-Aside” Amount Needed for Periodic Payments 7 . insurance premiums. Nov. Oct. Record under monthly expenditures as the payments are made.g. Then. Total for Year $724.00 Mar. Dec. etc.Reminder of Periodic Payments Other Than Loans and Installment Contracts List the amount and month due for all non-credit financial obligations that are made “occasionally. May MONTHS June July Aug. $362. total the monthly amounts for the year and divide by 12 to get the monthly “set-aside” needed to have the needed funds available. school tuition/supplies. holiday celebrations. Jan. (e.).. Apr. Feb.” quarterly. etc. YEAR Item Example: Car Ins.00 Sept.

SAVINGS. Planned $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ $ $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. charities. other gifts ment plans. dentist. nonbusiness casualty & theft losses. community drives. cash. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. etc. deductions Planned $ $ Total $ Total $ Total $ *Check current IRS & Ohio tax guides for requirements. real estate. dividends. interest. Also list in appropriate category. SAVINGS & INVESTMENTS—Savings. insurance. misc. etc. fees for services. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. hospital care and treatment. AND MAJOR TAX DEDUCTIBLES INCOME—Wages.INCOME & EXPENSES for Month______________ Year________ INCOME. medicine. Planned $ Total $ Total $ $ CONTRIBUTIONS—Religious. rents. stocks. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. retirechild support received. 8 . alimony or bonds. appliances. life insurance. new installment loans for furniture. profit. etc. other* HEALTH—Fees for doctor.

school lunch. fabric and sewing supplies. magazines. music. purses. bus. upkeep of house. papers. cleaning and laundry supplies. grooming supplies. insurance. small tools and utensils. yard care. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. insurance. motel. purchase price. appliances.EXPENSES for Month______________ Year________ FOOD—Groceries. watch repair. snacks Planned $ Item $ PERSONAL—Hair care. hotel. jewelry. glassware. postage. oil. dry cleaning and repair. license fees. china. other meals away from home. hired help. rent. plane. other lessons CLOTHING—Ready-to-wear. toys. supplies. bank charges. allowances. hobbies EDUCATION—All school expenses—tuition. tires. foot wear. paper goods. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. pet expenses. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. cosmetics. tobacco. Planned $ Person Item $ HOUSING—Mortgage. repairs. games. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 9 . cable. dancing. etc. cigarettes. photographs. books. etc. utilities. train. play and sports equipment. repairs.

INCOME & EXPENSES for Month______________ Year________ INCOME. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. real estate. dentist. community drives. Total $ Total $ 10 . SAVINGS. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. insurance. misc. other* HEALTH—Fees for doctor. medicine. cash. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. alimony or bonds. fees for services. SAVINGS & INVESTMENTS—Savings. hospital care and treatment. new installment loans for furniture. stocks. charities. nonbusiness casualty & theft losses. profit. other gifts ment plans. Also list in appropriate category. appliances. etc. etc. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. retirechild support received. life insurance. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. dividends. etc. Planned $ Total $ CONTRIBUTIONS—Religious. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. interest. rents.

small tools and utensils. tobacco. hobbies Total $ EDUCATION—All school expenses—tuition. bank charges. other household accessories Planned $ Item $ Total $ Total $ RECREATION—Admission and fees for shows. pet expenses. snacks Planned $ Item $ PERSONAL—Hair care. magazines. license fees. foot wear. etc. papers. games. fabric and sewing supplies. dry cleaning and repair. cable. allowances. repairs. purchase price. grooming supplies. hotel. Planned $ Person Item $ HOUSING—Mortgage. play and sports equipment. cigarettes. tires. bus. yard care. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 11 . cosmetics. paper goods. watch repair. supplies. upkeep of house. train. jewelry. other meals away from home. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. photographs. other lessons CLOTHING—Ready-to-wear. toys. school lunch. plane. motel. insurance. rent. books. china. purses. hired help. dancing. repairs. oil.EXPENSES for Month______________ Year________ FOOD—Groceries. music. appliances. insurance. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. postage. utilities. cleaning and laundry supplies. etc. glassware.

Planned $ Total $ CONTRIBUTIONS—Religious. cash. real estate. life insurance. alimony or bonds. profit. charities. Total $ Total $ 12 . etc. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. rents. new installment loans for furniture.INCOME & EXPENSES for Month______________ Year________ INCOME. medicine. Also list in appropriate category. other gifts ment plans. dividends. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. nonbusiness casualty & theft losses. etc. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. other* HEALTH—Fees for doctor. community drives. insurance. stocks. appliances. fees for services. hospital care and treatment. dentist. etc. SAVINGS & INVESTMENTS—Savings. interest. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. SAVINGS. retirechild support received. misc. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts.

magazines. hobbies EDUCATION—All school expenses—tuition. insurance. photographs. snacks Planned $ Item $ PERSONAL—Hair care. other lessons CLOTHING—Ready-to-wear. rent. appliances. watch repair. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 13 . tires. school lunch. repairs. cable. toys. plane. grooming supplies. train. motel. supplies. cigarettes. utilities. bus. paper goods. games. hired help. cosmetics. pet expenses. small tools and utensils. postage. etc. allowances. papers. music. purchase price. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. cleaning and laundry supplies. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. purses. oil. license fees. fabric and sewing supplies. glassware. china. etc. dry cleaning and repair. foot wear. jewelry. dancing. play and sports equipment. books. hotel. Planned $ Person Item $ HOUSING—Mortgage. other meals away from home. yard care. tobacco. upkeep of house. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. repairs. bank charges.EXPENSES for Month______________ Year________ FOOD—Groceries. insurance.

SAVINGS & INVESTMENTS—Savings.INCOME & EXPENSES for Month______________ Year________ INCOME. misc. Total $ Total $ 14 . other* HEALTH—Fees for doctor. new installment loans for furniture. medicine. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. etc. profit. interest. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. fees for services. nonbusiness casualty & theft losses. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. SAVINGS. Also list in appropriate category. Planned $ Total $ CONTRIBUTIONS—Religious. etc. alimony or bonds. cash. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. other gifts ment plans. charities. appliances. dentist. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. hospital care and treatment. insurance. real estate. community drives. etc. dividends. rents. stocks. retirechild support received. life insurance.

tobacco. Planned $ Person Item $ HOUSING—Mortgage. hobbies EDUCATION—All school expenses—tuition. play and sports equipment. allowances. pet expenses. tires. insurance. other lessons CLOTHING—Ready-to-wear. other meals away from home. jewelry. books. dancing. etc. toys. repairs. small tools and utensils. snacks Planned $ Item $ PERSONAL—Hair care. bus. papers. postage. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. yard care. magazines. bank charges. supplies. hotel. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. games. school lunch. photographs. dry cleaning and repair. glassware. train. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. plane. grooming supplies. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 15 . cleaning and laundry supplies. paper goods. cable. cigarettes. repairs. fabric and sewing supplies. etc. china. watch repair. rent. hired help. music. appliances. cosmetics. purses. foot wear. license fees. upkeep of house. purchase price. motel. utilities. oil. insurance.EXPENSES for Month______________ Year________ FOOD—Groceries.

insurance. real estate. etc. appliances. fees for services. nonbusiness casualty & theft losses. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. other* HEALTH—Fees for doctor. profit. rents. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. SAVINGS. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. retirechild support received. medicine. hospital care and treatment. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. Planned $ Total $ CONTRIBUTIONS—Religious. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. Total $ Total $ 16 . other gifts ment plans. life insurance. alimony or bonds. Also list in appropriate category. etc. stocks. cash. etc. community drives. dentist. charities. SAVINGS & INVESTMENTS—Savings. misc. dividends.INCOME & EXPENSES for Month______________ Year________ INCOME. new installment loans for furniture. interest.

tires. toys. cosmetics. purchase price. Planned $ Person Item $ HOUSING—Mortgage. small tools and utensils. school lunch. glassware. motel. plane. insurance. utilities. yard care. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. china. dry cleaning and repair. grooming supplies. rent. cleaning and laundry supplies. etc. papers. other household accessories Planned $ Item $ Total $ Total $ RECREATION—Admission and fees for shows. appliances. games. repairs. license fees. insurance. hired help. train. repairs.EXPENSES for Month______________ Year________ FOOD—Groceries. watch repair. hobbies Total $ EDUCATION—All school expenses—tuition. etc. oil. allowances. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. snacks Planned $ Item $ PERSONAL—Hair care. purses. play and sports equipment. cigarettes. other meals away from home. bank charges. dancing. other lessons CLOTHING—Ready-to-wear. books. music. jewelry. paper goods. postage. fabric and sewing supplies. tobacco. photographs. foot wear. pet expenses. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 17 . upkeep of house. supplies. magazines. hotel. bus. cable.

retirechild support received. SAVINGS & INVESTMENTS—Savings. rents. etc. profit. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. other gifts ment plans. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. community drives. appliances. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. life insurance. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. dividends. stocks. etc. hospital care and treatment. Total $ Total $ 18 . cash. real estate. other* HEALTH—Fees for doctor.INCOME & EXPENSES for Month______________ Year________ INCOME. medicine. Planned $ Total $ CONTRIBUTIONS—Religious. charities. misc. Also list in appropriate category. SAVINGS. interest. nonbusiness casualty & theft losses. fees for services. new installment loans for furniture. insurance. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. etc. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. alimony or bonds. dentist.

play and sports equipment. hotel. papers. cosmetics. supplies. allowances. music. insurance.EXPENSES for Month______________ Year________ FOOD—Groceries. other household accessories Planned $ Item $ Total $ Total $ RECREATION—Admission and fees for shows. insurance. other lessons CLOTHING—Ready-to-wear. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. dry cleaning and repair. cleaning and laundry supplies. dancing. yard care. tires. license fees. toys. fabric and sewing supplies. plane. repairs. cable. other meals away from home. watch repair. utilities. repairs. oil. appliances. Planned $ Person Item $ HOUSING—Mortgage. upkeep of house. tobacco. foot wear. glassware. etc. hired help. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 19 . hobbies Total $ EDUCATION—All school expenses—tuition. jewelry. china. postage. paper goods. purses. magazines. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. bus. snacks Planned $ Item $ PERSONAL—Hair care. rent. photographs. cigarettes. purchase price. small tools and utensils. pet expenses. motel. games. train. grooming supplies. school lunch. books. etc. bank charges.

dividends. rents. Also list in appropriate category. SAVINGS. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. cash. other* HEALTH—Fees for doctor. etc. medicine. etc. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. new installment loans for furniture. Total $ Total $ 20 . retirechild support received. Planned $ Total $ CONTRIBUTIONS—Religious. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. interest. other gifts ment plans. misc. profit. alimony or bonds. real estate. stocks. etc. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. hospital care and treatment. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income.INCOME & EXPENSES for Month______________ Year________ INCOME. appliances. charities. life insurance. nonbusiness casualty & theft losses. SAVINGS & INVESTMENTS—Savings. insurance. dentist. community drives. fees for services.

hired help. tires. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 21 . repairs. cigarettes. Planned $ Person Item $ HOUSING—Mortgage. postage. purses. dry cleaning and repair. tobacco. foot wear. supplies.EXPENSES for Month______________ Year________ FOOD—Groceries. fabric and sewing supplies. pet expenses. music. plane. games. other meals away from home. small tools and utensils. paper goods. other household accessories Planned $ Item $ Total $ Total $ RECREATION—Admission and fees for shows. cleaning and laundry supplies. other lessons CLOTHING—Ready-to-wear. allowances. jewelry. rent. china. cosmetics. oil. play and sports equipment. books. watch repair. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. etc. bank charges. license fees. train. photographs. insurance. toys. magazines. upkeep of house. hotel. grooming supplies. motel. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. utilities. insurance. cable. repairs. school lunch. papers. purchase price. etc. appliances. hobbies Total $ EDUCATION—All school expenses—tuition. yard care. dancing. snacks Planned $ Item $ PERSONAL—Hair care. bus. glassware.

Also list in appropriate category. charities. dividends. Total $ Total $ 22 . profit. fees for services. other* HEALTH—Fees for doctor. life insurance. stocks. retirechild support received. alimony or bonds.INCOME & EXPENSES for Month______________ Year________ INCOME. real estate. Planned $ Total $ CONTRIBUTIONS—Religious. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. hospital care and treatment. other gifts ment plans. SAVINGS & INVESTMENTS—Savings. etc. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. rents. etc. interest. appliances. SAVINGS. misc. insurance. medicine. new installment loans for furniture. community drives. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. etc. dentist. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. nonbusiness casualty & theft losses. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. cash.

insurance. dry cleaning and repair. postage. dancing. plane. etc. upkeep of house. china. photographs. motel. toys. tires. tobacco. utilities. small tools and utensils. train. insurance. other meals away from home. etc. school lunch. cosmetics. jewelry. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. hobbies EDUCATION—All school expenses—tuition. repairs. books. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. license fees. papers. purses. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 23 . paper goods. snacks Planned $ Item $ PERSONAL—Hair care. hotel. purchase price. cable. oil. bank charges.EXPENSES for Month______________ Year________ FOOD—Groceries. yard care. pet expenses. games. supplies. bus. cigarettes. hired help. play and sports equipment. watch repair. magazines. music. repairs. allowances. cleaning and laundry supplies. fabric and sewing supplies. glassware. foot wear. rent. grooming supplies. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. other lessons CLOTHING—Ready-to-wear. appliances. Planned $ Person Item $ HOUSING—Mortgage.

appliances. nonbusiness casualty & theft losses. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. alimony or bonds. life insurance. Also list in appropriate category. etc. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. stocks. community drives. Total $ Total $ 24 . interest. real estate. other* HEALTH—Fees for doctor. insurance. etc. etc. new installment loans for furniture. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. fees for services. dentist. Planned $ Total $ CONTRIBUTIONS—Religious. other gifts ment plans. dividends. profit. hospital care and treatment. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. cash. misc. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. medicine. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses.INCOME & EXPENSES for Month______________ Year________ INCOME. charities. retirechild support received. SAVINGS & INVESTMENTS—Savings. SAVINGS. rents.

purchase price. other lessons CLOTHING—Ready-to-wear. allowances. postage. insurance. games. hotel. bus. oil. dry cleaning and repair. hobbies EDUCATION—All school expenses—tuition. pet expenses. watch repair. Planned $ Person Item $ HOUSING—Mortgage. yard care. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. appliances. bank charges. plane. etc. license fees. tobacco. train. cigarettes. play and sports equipment. snacks Planned $ Item $ PERSONAL—Hair care. tires. small tools and utensils. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 25 . other meals away from home. china. repairs. books. hired help. cosmetics. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. glassware. music. etc. motel. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. insurance. utilities. repairs. cleaning and laundry supplies.EXPENSES for Month______________ Year________ FOOD—Groceries. paper goods. fabric and sewing supplies. school lunch. jewelry. grooming supplies. purses. cable. magazines. photographs. toys. upkeep of house. supplies. foot wear. papers. dancing. rent.

real estate. etc. SAVINGS & INVESTMENTS—Savings. other* HEALTH—Fees for doctor. charities. alimony or bonds. medicine. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. hospital care and treatment. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income.INCOME & EXPENSES for Month______________ Year________ INCOME. dentist. life insurance. new installment loans for furniture. dividends. Planned $ Total $ CONTRIBUTIONS—Religious. nonbusiness casualty & theft losses. stocks. SAVINGS. Total $ Total $ 26 . Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. fees for services. etc. retirechild support received. Also list in appropriate category. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. interest. other gifts ment plans. misc. profit. community drives. cash. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. rents. etc. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. insurance. appliances.

dry cleaning and repair. jewelry. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. etc. utilities. cosmetics. china. cleaning and laundry supplies. school lunch. hotel. insurance. dancing. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. motel. purses. magazines. hired help. appliances. cable. music. other lessons CLOTHING—Ready-to-wear. watch repair. supplies. repairs. train. allowances. repairs. paper goods. license fees. photographs. hobbies EDUCATION—All school expenses—tuition. games. bank charges. pet expenses. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 27 .EXPENSES for Month______________ Year________ FOOD—Groceries. tires. other meals away from home. purchase price. glassware. fabric and sewing supplies. snacks Planned $ Item $ PERSONAL—Hair care. oil. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. cigarettes. papers. bus. yard care. foot wear. upkeep of house. postage. rent. plane. toys. small tools and utensils. books. grooming supplies. tobacco. Planned $ Person Item $ HOUSING—Mortgage. play and sports equipment. etc. insurance.

etc. community drives. SAVINGS. dividends.INCOME & EXPENSES for Month______________ Year________ INCOME. dentist. alimony or bonds. Total $ Total $ 28 . appliances. etc. nonbusiness casualty & theft losses. life insurance. stocks. cash. other* HEALTH—Fees for doctor. Also list in appropriate category. misc. interest. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. rents. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards. medicine. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. Planned $ Total $ CONTRIBUTIONS—Religious. real estate. SAVINGS & INVESTMENTS—Savings. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. hospital care and treatment. new installment loans for furniture. insurance. etc. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. fees for services. charities. other gifts ment plans. retirechild support received. profit.

insurance. glassware. paper goods. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. Planned $ Person Item $ HOUSING—Mortgage. cleaning and laundry supplies. yard care. bank charges. postage. other meals away from home. small tools and utensils. foot wear. photographs. appliances.EXPENSES for Month______________ Year________ FOOD—Groceries. plane. snacks Planned $ Item $ PERSONAL—Hair care. allowances. oil. fabric and sewing supplies. cigarettes. insurance. repairs. jewelry. other lessons CLOTHING—Ready-to-wear. train. pet expenses. etc. books. play and sports equipment. tobacco. grooming supplies. papers. tires. purses. etc. cable. hobbies EDUCATION—All school expenses—tuition. watch repair. dry cleaning and repair. china. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 29 . bus. license fees. repairs. upkeep of house. music. supplies. utilities. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. purchase price. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. games. motel. hired help. toys. school lunch. cosmetics. rent. dancing. hotel. magazines.

SAVINGS. profit. fees for services.INCOME & EXPENSES for Month______________ Year________ INCOME. dentist. misc. charities. hospital care and treatment. insurance. cash. AND MAJOR TAX DEDUCTIBLES INCOME—Wages. Planned $ Total $ CONTRIBUTIONS—Religious. medicine. alimony or bonds. Planned $ $ $ Planned $ Federal State Local Total $ CREDIT PAYMENTS—Payments on charge accounts and installment debts. etc. Also list in appropriate category. Planned $ Date Creditor $ Planned $ Item $ Planned $ Item $ Total $ Total $ TAX DEDUCTIBLE EXPENDITURES* TAXES—Income. Total $ Total $ 30 . retirechild support received. stocks. nonbusiness casualty & theft losses. appliances. SAVINGS & INVESTMENTS—Savings. interest. real estate. rents. dividends. community drives. Planned $ $ Total $ $ CHILD/DEPENDENT CARE—Expenses that can be claimed if eligible for child/dependent care credit Planned $ $ Total GIFTS TO OTHERS—Money and gifts purchased for persons outside the family Planned $ Total $ OTHER DEDUCTIONS & CREDITS— Qualified education expenses. new installment loans for furniture. life insurance. other gifts ment plans. etc. deductions Planned $ $ $ $ Total $ *Check current IRS & Ohio tax guides for requirements. etc. other* HEALTH—Fees for doctor. capital improvements CREDIT USE CREDIT PURCHASES—All purchases using credit cards.

photographs. etc. play and sports equipment. cosmetics. fabric and sewing supplies. jewelry. tobacco. rent. books. foot wear. utilities. postage. paper goods. insurance. pet expenses. allowances. Planned $ Item $ Total $ $ FURNISHINGS & EQUIPMENT—Furniture. purses. license fees. snacks Planned $ Item $ PERSONAL—Hair care. school lunch. hobbies EDUCATION—All school expenses—tuition. cable. train. other accessories Planned $ Person Item $ Planned $ Item $ Planned $ Item $ Total OTHER Planned $ Person Item $ $ Total $ Total $ Total $ 31 . other meals away from home. other household accessories Planned $ Item $ Total $ Total $ Total $ RECREATION—Admission and fees for shows. china. small tools and utensils. glassware. oil. other lessons CLOTHING—Ready-to-wear. appliances. grooming supplies. supplies. magazines. papers. etc. Internet Planned $ Item Rent/mortgage Electricity Fuel Telephone Water Trash Cable Internet Bank Service Charges Total $ TRANSPORTATION—Car expenses—gas. watch repair. bus. hotel. cigarettes. motel. upkeep of house. repairs. tires. plane. yard care. repairs. hired help. toys. cleaning and laundry supplies. insurance. music.EXPENSES for Month______________ Year________ FOOD—Groceries. bank charges. Planned $ Person Item $ HOUSING—Mortgage. purchase price. dancing. dry cleaning and repair. games.

Summary of Monthly Expenses for the Year ________ (1) (2) February (3) March (4) April (5) May (6) June (7) Mid-year Totals (8) Budget Amount (50% ofYear) (9) Difference + or – Month Category Taxes January Contributions Other Deductions/Credits Savings/Investments Health Child/Dependent Care Gifts Food Recreation Personal Transportation Education Housing/Mortgage Furnishings & Equipment Clothing Other TOTALS 32 .

(6) Dec. (7) Yearly Totals (8) Budget Amount (9) Difference + or – Month Category Taxes July Contributions Other Deductions/Credits Savings/Investments Health Child/Dependent Care Gifts Food Recreation Personal Transportation Education Housing/Mortgage Furnishings & Equipment Clothing Other TOTALS 33 . (5) Nov. (4) Oct.Summary of Monthly Expenses for the Year ________ (1) (2) Aug. (3) Sept.

Total 1 should equal Total 2. This gives a summary of your monthly financial activity. contributions to savings/ investments). This means that you can account for more money than is listed. be sure to also record/change these amounts on pages 32-33. This is Total 2. A “minus figure” (a negative amount) will occur if Total 1 is less than Total 2. You need not try to account for each and every penny. review figures to consider error or determine amount (+ or -) needed to equal Total 1. At the end of the month. credit payments. NOTE: This is a “master copy” of this page. The sum is Total 1. Start with your beginning checkbook balance plus cash on hand. A “plus figure” (a positive amount) occurs when Total 2 is less than Total 1. use this worksheet to total expenses and outgo and compare to funds available. If you changed any amounts in calculating Total 2. To find Total 2. If not. To this. add your ending checkbook balance plus remaining cash on hand. This means that some expenses are not recorded. To this.” Do not be concerned if there is some difference. C. all outgoing funds are added together (expenses. 34 Month______________Year________ Beginning cash balance Checkbook Cash (on hand) Total cash Income Taken from Savings Credit Purchases (current month) Total 1 Expenses Taxes Contributions Other Deduction/Credits Health Child/Dependent Care Gifts Food Recreation Personal Transportation Education Housing Furnishings & Equipment Clothing $ $ $ Total Expenses for this month Credit payments (include interest) Savings and Investments Ending Balances: Checking Account Cash (on hand) Total 2 Unaccounted for/Miscellaneous Total 1 (from above) $ $ +/– .End of Month Tally Sheet (Optional) A. B. be sure to make copies BEFORE entering figures on this page. The difference is often called “Unaccounted for” or “Miscellaneous Expense. If you use this sheet. expect variations. While Total 1 should equal Total 2. Did you forget to record some income or a gift you received? Did you take money from savings? D. add income and all sources that increase funds for the month.

If you changed any amounts in calculating Total 2. You need not try to account for each and every penny. If you use this sheet. To this. This means that some expenses are not recorded. This gives a summary of your monthly financial activity. The sum is Total 1. add income and all sources that increase funds for the month. use this worksheet to total expenses and outgo and compare to funds available. This means that you can account for more money than is listed. A “plus figure” (a positive amount) occurs when Total 2 is less than Total 1. contributions to savings/ investments). A “minus figure” (a negative amount) will occur if Total 1 is less than Total 2. be sure to make copies BEFORE entering figures on this page. be sure to also record/change these amounts on pages 32-33. 35 Month______________Year________ Beginning cash balance Checkbook Cash (on hand) Total cash Income Taken from Savings Credit Purchases (current month) Total 1 Expenses Taxes Contributions Other Deduction/Credits Health Child/Dependent Care Gifts Food Recreation Personal Transportation Education Housing Furnishings & Equipment Clothing $ $ $ Total Expenses for this month Credit payments (include interest) Savings and Investments Ending Balances: Checking Account Cash (on hand) Total 2 Unaccounted for/Miscellaneous Total 1 (from above) $ $ +/– . C. If not. B. To this. all outgoing funds are added together (expenses. NOTE: This is a “master copy” of this page. Total 1 should equal Total 2.” Do not be concerned if there is some difference. At the end of the month. review figures to consider error or determine amount (+ or -) needed to equal Total 1. Did you forget to record some income or a gift you received? Did you take money from savings? D. credit payments. Start with your beginning checkbook balance plus cash on hand. While Total 1 should equal Total 2. To find Total 2. This is Total 2.End of Month Tally Sheet (Optional) A. expect variations. add your ending checkbook balance plus remaining cash on hand. The difference is often called “Unaccounted for” or “Miscellaneous Expense.

all outgoing funds are added together (expenses. contributions to savings/ investments). A “minus figure” (a negative amount) will occur if Total 1 is less than Total 2. If you use this sheet.” Do not be concerned if there is some difference. add your ending checkbook balance plus remaining cash on hand. This means that you can account for more money than is listed. review figures to consider error or determine amount (+ or -) needed to equal Total 1. be sure to make copies BEFORE entering figures on this page. This means that some expenses are not recorded. B. Did you forget to record some income or a gift you received? Did you take money from savings? D. A “plus figure” (a positive amount) occurs when Total 2 is less than Total 1. To find Total 2. To this. C. This gives a summary of your monthly financial activity. The sum is Total 1. credit payments. Start with your beginning checkbook balance plus cash on hand. NOTE: This is a “master copy” of this page. While Total 1 should equal Total 2.End of Month Tally Sheet (Optional) A. This is Total 2. be sure to also record/change these amounts on pages 32-33. add income and all sources that increase funds for the month. You need not try to account for each and every penny. use this worksheet to total expenses and outgo and compare to funds available. If not. If you changed any amounts in calculating Total 2. Total 1 should equal Total 2. 36 Month______________Year________ Beginning cash balance Checkbook Cash (on hand) Total cash Income Taken from Savings Credit Purchases (current month) Total 1 Expenses Taxes Contributions Other Deduction/Credits Health Child/Dependent Care Gifts Food Recreation Personal Transportation Education Housing Furnishings & Equipment Clothing $ $ $ Total Expenses for this month Credit payments (include interest) Savings and Investments Ending Balances: Checking Account Cash (on hand) Total 2 Unaccounted for/Miscellaneous Total 1 (from above) $ $ +/– . At the end of the month. To this. The difference is often called “Unaccounted for” or “Miscellaneous Expense. expect variations.

Once made. evidence that others owe you (contracts. Ohioline http://ohioline. yard. citizenship papers and passports.). It includes some reasons and suggested time periods for keeping the listed records. you probably will need documentation of purchase price of the items (purchase receipts) as well as condition when the loss occurred. How Long Should Records Be Kept? “Household Record-Keeping Tips” is a 2-page chart listing many records and important papers needed by families. BEFORE investing time and other resources. Thousands of documents covering home. and handling (NOTE: Get recorded IRS information at 1-800-829-4477 or on the web at <www. a photographic or video record can help establish your case.” you need to give some consideration to organizing your valuable papers. Ohioline—your link to information. and garden topics. Agricultural. Should you need to file a claim. Keep it in a safe deposit box or other safe place outside your home (keep reference copy in your home file). Having a complete and up-todate inventory of household furniture. installment contracts.gov>). 37 .irs. update your household inventory once or twice a year. news. One hopes to never need such insurance coverage. “Know Your Valuable Papers” includes a section for listing records placed in your safe deposit box. cameras. adoption. furnishings. military service records. records of major debts (mortgages. the Ohio Agricultural Research and Development Center. divorce and death. etc. etc. etc. Your Safe Deposit Box. In case of general need or an emergency. Be sure to ask for company forms and suggested procedures for making and updating your inventory. Request this fact sheet from the Ohio State University Extension office in your county. marriage. and education from Ohio State—is available as an on-line free Internet site or on a CD-ROM disc. equipment and other personal property (clothes.ohio-state. Suggested records to keep in a safe deposit box include: certificates of birth.00 plus sales tax. but should loss or disaster occur. and Environmental Sciences. production agriculture.ag. The Ohio State University CD-ROM can be purchased at your local Ohio State University Extension county office OHLINE (Bull. would you be able to replace them easily? If some of your answers to the above questions were “no” or “maybe” or “sometimes. College of Food. property abstracts and titles (including burial lot). and a wide variety of other subjects. Ohio State University Extension. postage. ADM 018) $4. Keep in your safe deposit box those records and documents that cannot be replaced or would be very costly or time consuming to replace. liens. Household Inventory. having a current and complete household inventory will make claim-filing easier.Additional Considerations for Financial Record-keeping Organize Your Valuable Papers. Keep duplicates at home for easy reference.) can be very helpful in determining the amount of insurance coverage needed. could you or other family members easily locate your valuable papers? Are the papers “safe” (stored in an appropriately protected area)? If these papers were lost or destroyed. Also get your insurance company requirements for making an inventory of household possessions. check with your insurance agent for company requirements for filing claims. request “Know Your Valuable Papers” (12 pages of forms on which you list your valuable papers and where they are located) from the Ohio State University Extension office in your county. not originals). wills (copies. notes. household/property inventories. electronically.edu Experience a new way to get helpful information quickly. notes.). In addition to a written list. For assistance in this effort.

and natural resources. Paper copies of the fact sheets are also available from offices of Ohio State University Extension. 4-H youth development.Extension Fact Sheets Didn’t find what you were looking for? Need more information? Ohio State University Extension also offers many fact sheets on a variety of topics related to agriculture. There will be a nominal fee for additional copies. the fact sheets can also be found on the Ohioline CD-ROM (see page 37 of this publication for ordering information).edu If you prefer off-line access. Ohio residents may request up to five free fact sheets in a single visit per day.ohio-state. . These fact sheets are available on-line at: http://ohioline.ag. family and consumer sciences. community development.

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