Checklist - Budget Worksheet

Budget Worksheet

Wages and salaries

Wage Earner 1
Wage Earner 2
= Total Wages and salaries

+ Interest and Dividends
+ Royalties, Commissions and Rents
+ Other Income

= A. Total Income

Taxes

Federal Income and Social Security

State Income

= B. Total Income Taxes

C. Take-Home Pay (line A minus line B)

Expenditures

Living Expenses

Housing
+ Rent
+ Mortgage Payments
+ Utilities
+ Maintenance
+ Real Estate and Property Taxes
+ Fixed Assets-furniture, appliances, etc.
+ Other Living Expenses

= D. Total Housing Expenditures

Food
Food and Supplies
+ Restaurant Expenses

= E. Total Food Expenditures

Clothing and Personal Care
+ New Clothes
+ Cleaning
+ Tailoring
+ Personal Care-hair Care
+ Other Clothing and Personal Care

= F. Total Clothing and Personal Care

Transportation
+ Automobile Purchase
+ Payments
+ Gas, Tolls, Parking
+ Automobile Registration/Tags/Stickers
+ Repairs
+ Other Transportation Expenses

= G. Total Transportation Expenditures

Recreation
Movies, Theater, Sporting Events
+ Club Memberships
+ Vacations
+ Hobbies
+ Sporting Goods
+ Gifts
+ Reading Materials
+ Other Recreation Expenses

= H. Total Recreation Expenditures

Medical Expenditures
Doctor
+ Dental
+ Prescription Drugs and Medicines

= I. Total Medical Expenditures

Insurance Expenditures
Health
+ Life
+ Automobile
+ Disability
+ Liability
+ Other Insurance Expenses

= J. Total Insurance Expenditures

Other Expenditures
+ Educational Expenditures
+ Child Care
+ Other Expenses

= K. Total Other Expenditures
L. TotalExpenditures (add lines D-K)
M. Income Available for Savings

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