Sheet 1: Budget - Analysis

	
	
	
	
	
	
	
	
	
	
	
	
	
	
	

		


		

 
		
		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		

 
		
		
	

		


		
	

		


		
	

		


		
	

		


		
Complete applicable cells in Income & Current Monthly Expenses section only.
		
	

		


		
Income
		


		
Expenses -to Income Summary
		
Expenses-to-Income Ratio: compares monthly income to  expenses. Targeted guideline 75% or less; this includes savings. 25% remaining income can be allocated to emergency savings, retirement, etc. Remember every budget is unique and should be flexible and realistic to help you reach your financial goals.
		
	

		


		
Net Income
		
 $4,000 
		
Total Income
		
 $4,000 
		
	

		


		
Spouse 
		
 $-   
		
Total Expenses
		
 $2,000 
		
	

		


		
Child Support
		
 $-   
		
Net Difference
		
 $2,000 
		
	

		


		
Social Security
		
 $-   
		
Expenses to Income Ratio
		
50%
		
	

		


		
Other
		
 $-   
		


		


		
	

		


		
Total  Income
		
 $4,000 
		


		


		
	

		


		
Current Monthly Expenses
		
	

		


		
Housing
		


		
Transportation
		


		
Credit
		


		
Food
		


		
	

		


		
Rent/Mort
		
 $1,300 
		
Car Payment
		
 $-   
		
Child Support
		
 $-   
		
Groceries
		
 $-   
		
	

		


		
Electric/Gas
		
 $300 
		
Gas
		
 $-   
		
Credit Cards
		
 $-   
		
Dining Out
		
 $-   
		
	

		


		
Water
		
 $300 
		
Main/Repairs
		
 $-   
		
Other Loans
		
 $-   
		
Total
		
 $-   
		
	

		


		
Garbage
		
 $-   
		
Insurance
		
 $-   
		
Total
		
 $-   
		


		


		
	

		


		
Telephone/Cell
		
 $100 
		
Taxes/license
		
 $-   
		


		


		


		


		
	

		


		
Maintenance
		
 $-   
		
Total
		
 $-   
		


		


		


		


		
	

		


		
Total
		
 $2,000 
		


		


		


		


		


		


		
	

		


		
Personal
		


		
Entertainment
		


		
Medical
		


		
Savings
		


		
	

		


		
Clothing
		
 $-   
		
Movies/Concerts
		
 $-   
		
Prescriptions
		
 $-   
		
 Savings
		
 $-   
		
	

		


		
Pet Care
		
 $-   
		
Sports Fees
		
 $-   
		
Doctor Visits
		
 $-   
		
Total
		
 $-   
		
	

		


		
Hair/Grooming
		
 $-   
		
Cable/Internet
		
 $-   
		
Total
		
 $-   
		


		


		
	

		


		
Toiletries
		
 $-   
		
Vacations
		
 $-   
		


		


		


		


		
	

		


		
Madison
		
 $-   
		
Kingfom Hall
		
 $-   
		


		


		


		


		
	

		


		
Total
		
 $-   
		
Total
		
 $-   
		


		


		


		


		
	

		


		
Current Spending (compared to) Suggested Budget  (suggested budget expenses based on net monthly income)
		
	

		


		
Current Budget
		
Suggested Budget
		
Current % of Income
		
Suggested % of Income
		
	

		


		
Housing
		
 $2,000 
		
Housing
		
 $1,400 
		
Housing
		
50%
		
Housing
		
35%
		
	

		


		
Transportation
		
 $-   
		
Transportation
		
 $600 
		
Transportation
		
0%
		
Transportation
		
15%
		
	

		


		
Credit
		
 $-   
		
Credit
		
 $600 
		
Credit
		
0%
		
Credit
		
15%
		
	

		


		
Food
		
 $-   
		
Food
		
 $600 
		
Food
		
0%
		
Food
		
10%
		
	

		


		
Personal 
		
 $-   
		
Personal 
		
 $200 
		
Personal 
		
0%
		
Personal 
		
5%
		
	

		


		
Entertainment
		
 $-   
		
Entertainment
		
 $400 
		
Entertainment
		
0%
		
Entertainment
		
5%
		
	

		


		
Medical
		
 $-   
		
Medical
		
 $200 
		
Medical
		
0%
		
Medical
		
5%
		
	

		


		
Savings 
		
 $-   
		
Savings 
		
 $400 
		
Savings 
		
0%
		
Savings 
		
10%