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By creating and sticking to a budget, you can decide what you want to do with your money over the short- and long-term. It can help to have the results of your net cash flow analysis in front of you as you create your budget.
| Category |
Monthly Budgeted
Amount |
Actual Amount |
The Difference |
| Income |
|
|
|
| Your Income (minus federal, state and social security taxes) |
|
|
|
| Your Spouse's Income (minus federal, state and social security taxes) |
|
|
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| Additional Income (Expected bonuses, raises, dividends, tax refunds, gifts, etc.) |
|
|
|
| Total Income: |
|
|
|
|
|
|
|
| Savings |
|
|
|
| Emergency Fund (3 to 6 months of expenses) |
|
|
|
| Retirement |
|
|
|
| College |
|
|
|
| Miscellaneous |
|
|
|
| Total Savings: |
|
|
|
|
|
|
|
| Debts and Loans |
|
|
|
| Mortgage / Rent |
|
|
|
| Home Equity |
|
|
|
| Car(s) |
|
|
|
| School Loans |
|
|
|
| Credit Card Debt |
|
|
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| Additional Loans / Debt |
|
|
|
|
|
|
|
| Everyday Expenses |
|
|
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| Utilities (electric, gas, water, trash) |
|
|
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| Phone |
|
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| Gas (for car) |
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| Groceries (include toiletries and cleaning supplies) |
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| Healthcare (premiums, prescriptions, etc.) |
|
|
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| Childcare |
|
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| Maintenance (on home and car) |
|
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|
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| Insurance Protection |
|
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| Life Insurance |
|
|
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| Homeowners Insurance |
|
|
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| Car Insurance |
|
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| Health Insurance |
|
|
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| Disability Insurance |
|
|
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| Additional Insurance Products |
|
|
|
|
|
|
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| Lifestyle Choices |
|
|
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| Pets (vet care, food, toys, etc.) |
|
|
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| Spending Money |
|
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| Internet Access |
|
|
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| Hobbies |
|
|
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| Gifts (holidays, birthdays, etc.) |
|
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| Charity |
|
|
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| Miscellaneous |
|
|
|
| Total Expenses: |
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|
|
|
|
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| Remaining Funds (Add to savings): |
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