_ vagy fo Budget Worksheet Considering your client’s situation, you are to create a monthly budget based on their income and expenses. Your goal is to balance the budget so that all income in accounted for. Your challenge is to create a budget ‘hat respects your client's goals and values, yet also holds them financially responsible/accountable. 1) Input the income and expenses into the appropriate columns IN BLUE INK. 2) Take note of where expenses are high/income is short. 3) Make revisions to the budget and document IN RED INK SAVINGS 7 Amount Notes / Considerations | ~ We pnt act withelrine mmeg. hrs Can TFA $iloo Det DO | | We yoni 452 Tht do pay Yon | — Dhetted $2500 ‘halon to INCOME Monthly Net Income Source Ameunt Notes / Considerations | Source: | a + (542 4 Source: (yr. + (be | Source; They cut aleeraby workmg 424 hy + per week chop of stad yx Income TOTAL: So wg ore pot gnem mol 2 3°S4.2, lie Bi Ae et" EXPENSES Monthly Expenses | FixedAmount _| Variable Amount Notes / Considerations 4150 Rent/Mortgage Transportation ce 40 Car Fuel S55 f 280 Home/Rental Insurance PGS $25Hydro : saan aaaa ¢ | BO dus __Sionthina | aac Fea |g AMorze| TP” ore! me [ | Heating Gas g | eee ie) 0, Groceries doc | Eat (ess budhg storve if pee II $990 4250| aamegy) Oscar TS Clothin : © hlews dew rma ae $500 $20 | VF LL he CA. yoke Personal Care f \ Er te cet Jour once mie sonal Care $750,— to |S bog Bp aa | a i Phe Howton Savings doo “4332 rate, yaa a ip aa co Meiemel nasney oo Pay otf wedit rant ear cree card aipda | Ay FH? fee lee, loon Vad cok etd Tea\ © | Gita $6 | 3 He seit cael ttl ty money bol | Z ms ; | Fh eae thm Hey Nett, Entertainment my ntertainment $300 PN | excecunl! Bef de ees ng ele\ This 15 1 a za sion $3200, | sesecER) noel’. UT eget es sd ; = ye ag fle Fase wala. oa TOTALS: i“ 2) bis? Re EL ia ae O TOTAL INCOME: $3067.2. = t#2sco TOTAL EXPENSE: BALANCE (Must be ‘0") What are the biggest areas of concern in Pat’s budget? To stag alwe andl a drfirr : Hx Alse Hew gored cool od There amert = Jourcly wel hy Meee aBudget Analysis Lastly /, Your bi ie ‘sdget analysis will have to explain/show your thinking - why are advising them the way you are? 1) What t are i Your client's goals. How are you helping them meet their goals in five years? Explain. Fe encn a bachebar which casts $350g0 ont to Hawai? He 2499.00 tuo $, advo fe ddd free, E be ae A hebiog Pet by eng ther dude snk susiog the cams Oe By aa ws | ar Hom, 4 2) What are youre Yourttient's goats? How are you hel i i ir i ? elping them meet their goals in 5 years? Explain. OPPS for daroe Hem Th, cone se apa py of ab once oh hi ele CE eT i Gene et a on bs credef cord ancl vucth vd atch idle on Har fives, We wold vecoumtad poy the teh of ths smecr wth te where wioeg Aad vse steed loan tr fobere tathon as spon bat me" Howl Take md as hile as Hag tan. 3) What advice are you giving to your client to help them work with their money better. How are you advising them to “stretch their money” to save or get better value for their spending? Explain. Cut ag th that rsygee + Leaving Mom He just snagh sesh Hew hues. Tasch thar to spacnly whet 15 ve and spend on what Ay hace Ck Wh hE po waka dG Soe Bh bg info a cleent unl senghor ashen 4) How should your client work with their existing savings? What is the wisest thing to do with the money? Why? B wd just let rt sd in Hew sehags acont. ts pet tn the THA tor muestnont to generate mere Wherey, lo poy Af debt ge welowst: docsoit stash 4 prespuce yo) or oh! He Torten » whch ;5 yale a vege. a Me m He fede oor 4 rehoe Some preseur€ off fom gue