Monthly Budgeting Spreadsheet

Overview
This spreadsheet is provided to help you put together a monthly budget.
After approximately 15 minutes of filling in the information, you will be able to see a snapshot of your monthly finances.
Many people find the results surprising -- you may, too!

Directions

Click on the next worksheet: "Income."

Enter the requested information, which will be available from a paycheck.
Beware: if your paycheck is weekly or bi-weekly, adjust to get monthly figures (multiple by 4 or 2).
After you fill in the income information, click on the "Expenses" worksheet.
Enter the requested information. For some information, you may wish to consult receipts, or just put in your best estimate.
An overview of your finances will be shown on the "Overview" sheet.
Calculate Your Take-Home Pay

Directions:
Please fill in the white cells below, if zero enter "0".
If your household has multiple income sources, enter totals.

Gross Income 3500.00

Paycheck Deductions 1090.65 31%

Federal Tax 782.27 22%
State & Local Tax 134.82 4%
Social Security 100.11 3%
Union Dues 0.00 0%
Medical Insurance 73.45 2%
Other 0.00 0%

Net Income 2409.35 69%

You have an annual gross income of $42000.

Your monthly take-home pay is $2409, 69% of your gross.

Take-Home Pay = Gross minus Deductions

$/mo
4000
3500 Deductions
3000
Federal Tax
2500 State & Local Tax
2000 Social Security
3500
1500 Union Dues
2409 Medical Insurance
1000 Other
500 Net
0 Gross
Gross Income Payroll Take-Home
Deductions Pay
Where Your Money is Going…

Directions:
Please fill in the white cells information below. If zero, enter "0".
An expense summary will appear at bottom.

Expense Items

1. Housing 800 6. Child Costs 0

Rent/ Mortgage 800 Childcare 0
Property Tax 0 Tuition 0
Kids' Allowance 0
2. Utilities 69 Child Support 0
Cell Phone 50
Home Phone 6 7. Habits 60
Gas 0 Cigarettes 0
Electric 13 Alcohol 60
Water/Sewer 0 Gambling 0
Gym & Golf 0
3. Transportation 250 On-line Shopping 0
Public Transit 0
Car Insurance 120 8. Shopping 60
Car Repairs 80 Clothing 50
Car Depreciation 50 Other 10

4. Food 490 9. Insurance 230

Groceries 240 Medical 200
Dining Out 250 Life 0
Home 20
5. Entertainment 206 Disability 10
Cable/Satellite 50
Movies 16 10. Interest / Debt 0
Internet 20 Credit Cards 0
Vacation Fund 100 Other 0
Gifts 20 Alimony 0

11. Other 0
Expense Summary

Housing 800 37%

Utilities 69 3%
Transporation 250 12%
Food 490 23%
Entertainment 206 10%
Child Costs 0 0%
Habits 60 3%
Shopping 60 3%
Insurance 230 11%
Interest/ Debt 0 0%
Other 0 0%
TOTAL 2165 100%

Monthly Household Expenses

900
800
800
700
600
490
500
400
300 250 230
206
200
100 69 60 60
0
t 0 0
ng es n od en st
s ts g ce bt
i
i l it
i tio Fo bi in n e
us ra m o a pp ra /D
o Ut o in
i ld
C H o su st
H sp rta Sh I n re
an te Ch te
Tr En In
Overview

Monthly Cash Flow Savings Performance

Take-Home Pay 2409 You currently save 7% of your gross income
Monthly Expenses 2165 Annual Savings 2,932
Monthly Savings 244 10-Year Savings 29,322

INCOME EXPENSES

Gross Income 3500.00 Expense Summary

Payroll Deductions 1090.65 Housing 800 37%
Take-Home 2409.35 Utilities 69 3%
Transportation 250 12%
Take-Home as Percent of Gross: 69% Food 490 23%
You have an annual gross income of $42000. Entertainment 206 10%
Child Costs 0 0%
Habits 60 3%
$/mo Take-Home Pay = Gross minus Deductions Shopping 60 3%
4000 Insurance 230 11%
3500 Interest/ Debt 0 0%
Deductions Other 0 0%
3000
TOTAL 2165 100%
2500
Federal Tax
2000 State & Local Tax
3500
1500 Social Security Monthly Household Expenses
900
2409 Union Dues
800
1000 800
Medical Insurance 700
500 Other 600
490
0 Net 500

e y Gross
ns
400
om tio Pa
c c e 300 250 230
In du om
206
s e 200
r os ll D e -H 69 60 60
G ro k 100
y Ta
Pa 0
0 0
t t
ng ti e
s
ti o
n od en ts its in
g
nc
e
eb
si i Fo os ab pp
ou ti l ra in
m C H o ra t/D
H U po r ta ld Sh s u
es
an
s
te hi In
te
r
C
Tr En In