MONTHLY EXPENSES
HOUSING (35% MAX)
Rent/Mortgage……………………………………............... $________________
Homeowner’s/Renter’s Insurance………………................. $________________
Home Maintenance/Household Items ...…………………… $________________
Utilities (Gas/Electric/Water/Sewer/Garbage)……….......... $________________ ($50-120 total)
Total……………………………………………………..…………………………… $________________
TRANSPORTATION (15% MAX)
Car Payment…………………………………………........... $________________ ($100 per $5,000 loan amount)
Auto Insurance………………………………………........... $________________ ($50-140)
Gasoline/Oil…………………………………………………$________________ (weekly exp. x 4 + 10)
Maintenance/Repairs……………………………………….. $________________ ($33 = $200 every 6 months)
Public Transportation/Tolls/Parking…………….…………. $________________
Total……………………………………………………..…………………………… $________________
PERSONAL
Cosmetics/Beauty/Barber……………………………........... $________________
Clothing/Jewelry…………………………………………… $________________
Groceries ……………………………………………...…… $________________
Dining Out…………………………………………………. $________________ (3 meals per day = 90 per month)
Health Insurance (if you have to pay)………………............ $________________
Medical Expenses…………………………………….......... $________________
Child Care……………………………………..........……….$________________
Pet Care…………………………………….......................... $________________
Contributions to Church/Charity…………………………… $________________
Total……………………………………………………..…………………………… $________________
ENTERTAINMENT
Phone………………………………………………………. $________________
Cable/Satellite/Internet...…………………………………… $________________ ($100-140)
Movies/Concerts/Books/Magazines/Music………………… $________________
Cigarettes/Alcohol……………………………..................... $________________
Sports/Hobbies……………………………........................... $________________
Vacation/Travel…………………………….......................... $________________
Total……………………………………………………..…………………………… $________________
DEBT (15% MAX)
Credit Card Debt.………………………............................... $________________
Student Loans……………………………............................. $________________
Other Debt/Loans……………………………....................... $________________
Total……………………………………………………..…………………………… $________________
SAVINGS (10% MIN) & OTHER
Savings……………………………....................................... $________________ ($100 minimum)
Other……………………………........................................... $________________
Total……………………………………………………..…………………………… $________________
TOTAL………………………………..…………………………………….………….. $________________
SALARY* before tax/deductions must be at least (divide “total” by 0.75 times 12).$________________
*This figure does not include other sources of income. The equation accounts for 25% tax/benefits/retirement withholdings.