Sample Budget
Below is an example of a simple monthly personal budget. Print it out and enter your information into the blanks then calculate your personal budget.
| Income |
Sample Data |
Enter Your Info |
|---|---|---|
| Pay Check 1 | $2,000 | ____________________ |
| Pay Check 2 | $2,000 | ____________________ |
| Other | $ 500 | ____________________ |
| Total Income | $4,500 | ____________________ |
| Expenses |
Sample Data |
Enter Your Info |
| Mortgage/rent | $ 950 | ____________________ |
| Car Payment | $ 600 | ____________________ |
| Insurance- Auto | $ 150 | ____________________ |
| Insurance- Life | $ 60 | ____________________ |
| Installment Loans | $ 125 | ____________________ |
| Other Loan | $ 50 | ____________________ |
| Phone | $ 75 | ____________________ |
| Credit card | $ 100 | ____________________ |
| Credit card | $ 100 | ____________________ |
| Utilities | $ 125 | ____________________ |
| Groceries | $ 250 | ____________________ |
| Entertainment | $ 250 | ____________________ |
| Gasoline for Cars | $ 100 | ____________________ |
| Other | $ 0 | ____________________ |
| Total Expense | $2,935 | ____________________ |
Subtract "Total Expense" from "Total Income" to figure "Net Income"
| Net Income |
Sample Data |
Enter Your Info |
|---|---|---|
| Income minus Expense | $1,665 | ____________________ |
This is a sample budget for one month. Notice that this budget has a net income (i.e. this family has money left over after it pays all of its expenses). If you find that your monthly budget shows a net loss, you need to restructure your expenses to be more realistic for your income level.
Updated December 1, 2005 | Maintained by Debra Tipton
