Checklist – Budget Worksheet

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Income

 

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

 
= 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. Total Expenditures (add lines D-K)

 

M. Income Available for Savings (subtract line L from line C)

 

 

Courtesy of Moms Who Think –

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