How to Use the Income and Expense Tracking Worksheet

1 The days of any month (1-31) are listed vertically in the column along the left side.
2 Fill in the month in the 2nd column
3 Record daily spending under the appropriate categories.
4 Use receipts to update your spreadsheet each week.
5 Estimate how much you will need to spend each year on "hidden costs" at the bottom of the spreadsh
6 Totals at the bottom of the spreadsheet tell you how much you are spending in each category.
7 Totals on the far right let you know how much you spend daily.
8 Total monthly expenses appear in the bottom right corner.
9 Note the sources of net monthly income on the left, under the spreadsheet. Put your total monthly in
11 As you enter your income and expenses, your balance will be automatically calculated in the bottom
12 To streamline the process it is OK to estimate the amount of income you will receive every month. Th
13 Be sure to use your paystub or bank statement at the end of every month to correct any income amo
he bottom of the spreadsheet. Put this estimate on the line at the toope of the Hidden Cost column.
g in each category.

Put your total monthly income amounts in the cell next to the correct source. You can change the name of the sourc
calculated in the bottom right corner.
ll receive every month. That way you’ll have a good idea of how your spending relates to your income every time you
o correct any income amount that may be different from the estimate you made.
the name of the source to match your situation.

ncome every time you record your expenses.

 My Unsecured
Groceries/ Snacks/ Savings/
NOTES FOR Child Hidden Debt - Personal/ All
Date __________ (month)
Housing Utilities Household Eating Medical Transportation
Care
Insurance Clothing
Costs
Charity
Credit
Investmen
Leisure Other
Supplies out t
$_____ Cards, etc.

1 $0.00
2 $0.00
3 $0.00
4 $0.00
5 $0.00
6 $0.00
7 $0.00
8 $0.00
9 $0.00
10 $0.00
11 $0.00
12 $0.00
13 $0.00
14 $0.00
15 $0.00
16 $0.00
17 $0.00
18 $0.00
19 $0.00
20 $0.00
21 $0.00
22 $0.00
23 $0.00
24 $0.00
25 $0.00
26 $0.00
27 $0.00
28 $0.00
29 $0.00
30 $0.00
31 $0.00
Total $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

SOURCES OF MONTHLY NET INCOME:

Monthly Income: Amount Other Income: Amount
WORK/STUDY OTHER #1 Total Net Income $0.00
JOB TRANSFERS Subtract TOTAL EXPENSES THIS MONTH (total of all columns above) $0.00
HOME ANY OTHER A positive number means DISCRETIONARY INCOME $0.00
**A (negative) number means OVERSPENT