Tuesday, 16 September 2014

Lesson 2 - Personal Monthly Budget

Personal Monthly Budget
   
PROJECTED MONTHLY INCOME Income 1 $2,500 PROJECTED BALANCE (Projected income minus expenses) $940
Extra income $500
Total monthly income $3,000 ACTUAL BALANCE (Actual income minus expenses) $960
ACTUAL MONTHLY INCOME Income 1 $2,500
Extra income $500 DIFFERENCE (Actual minus projected) $20
Total monthly income $3,000
           
HOUSING Projected Cost Actual Cost Difference ENTERTAINMENT Projected Cost Actual Cost Difference
Mortgage or rent $1,500 $1,400 $100 Video/DVD $0 $50 -$50
Phone $60 $100 -$40 CDs     $0
Electricity $50 $60 -$10 Movies     $0
Gas $200 $180 $20 Concerts     $0
Water and sewer     $0 Sporting events     $0
Cable     $0 Live theater     $0
Waste removal     $0 Other     $0
Maintenance or repairs     $0 Other     $0
Supplies     $0 Other     $0
Other     $0 Total $0 $50 -$50
Total $1,810 $1,740 $70
LOANS Projected Cost Actual Cost Difference
TRANSPORTATION Projected Cost Actual Cost Difference Personal     $0
Vehicle payment $250 $250 $0 Student     $0
Bus/taxi fare     $0 Credit card     $0
Insurance     $0 Credit card     $0
Licensing     $0 Credit card     $0
Fuel     $0 Other     $0
Maintenance     $0 Total $0 $0 $0
Other     $0
Total $250 $250 $0 TAXES Projected Cost Actual Cost Difference
Federal     $0
INSURANCE Projected Cost Actual Cost Difference State     $0
Home     $0 Local     $0
Health     $0 Other     $0
Life     $0 Total $0 $0 $0
Other     $0
Total $0 $0 $0 SAVINGS OR INVESTMENTS Projected Cost Actual Cost Difference
Retirement account     $0
FOOD Projected Cost Actual Cost Difference Investment account     $0
Groceries     $0 Other     $0
Dining out     $0 Total $0 $0 $0
Other     $0
Total $0 $0 $0 GIFTS AND DONATIONS Projected Cost Actual Cost Difference
Charity 1     $0
PETS Projected Cost Actual Cost Difference Charity 2     $0
Food     $0 Charity 3     $0
Medical     $0 Total $0 $0 $0
Grooming     $0
Toys     $0 LEGAL Projected Cost Actual Cost Difference
Other     $0 Attorney     $0
Total $0 $0 $0 Alimony     $0
Payments on lien or judgment     $0
PERSONAL CARE Projected Cost Actual Cost Difference Other     $0
Medical     $0 Total $0 $0 $0
Hair/nails     $0  
Clothing     $0 TOTAL PROJECTED COST $2,060
Dry cleaning     $0
Health club     $0 TOTAL ACTUAL COST $2,040
Organization dues or fees     $0
Other     $0 TOTAL DIFFERENCE $20
Total $0 $0 $0

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