The Monthly Budget Worksheet contains all the essentials for maintaining and managing your homes budget.

It is simple to use and contains blanks for you to write in your monthly income and expenses. For those that have never created a budget in your life this may not seem so simple; so for those Ive included this set of instructions complete with a page of illustrations (because Im a visual learner and it makes sense to me). Reference the last page for the illustrations.

The

Monthly Budget Worksheet

Instructions

Total Income: write in the amount of income you receive (or expect to receive) for the month. Giving: Write in the amounts that you expect to give. There are 3 slots so you can designate 3
different amounts if you give to 3 different places.

Savings: Write in the amounts that you expect to save. There are 3 slots so you can designate
3 different amounts if you have 3 different items/accounts/goals that you are saving for.

Total Expenses: Remaining: Amount:

You want to add all the numbers from the giving, savings, and the Total

Expenses Paid row at the bottom together in order to have an exact number of where youre money went for the month. You will want to subtract the Total Income from the Total Expenses in order to know the amount of money you have remaining for each month. I suggest you take that extra money and apply to your savings somewhere this is how you create a zero balance budget. This is where you will enter in your budgeted amount. Its best to use at least 3 months worth of averages but your best guess will work too.

Paid: This is where you put the amount that you actually paid. Difference:
This is an extremely important column! It shows you if you were over or under budget for the month. Youre goal should be to have a zero or close to zero difference every month. This column will help you learn where you need to re-think and re-budget at for the next month.

The

Mama

Monthly Budget Worksheet

MONTH TOTAL INCOME GIVING SAVINGS TOTAL EXPENSES REMAINING

bills & expenses

Housing
Amount Paid Difference Amount Paid Difference Amount Paid Difference

Totals

Utilities

Amount

Paid

Difference

Amount

Paid

Difference

Amount

Paid

Difference

Totals

Automotive

Amount

Paid

Difference

Amount

Paid

Difference

Amount

Paid

Difference

Totals

Medical

Amount

Paid

Difference

Amount

Paid

Difference

Amount

Paid

Difference

Totals

Personal

Amount

Paid

Difference

Amount

Paid

Difference

Amount

Paid

Difference

Totals

Debt

Amount

Paid

Difference

Amount

Paid

Difference

Amount

Paid

Difference

Totals

Food & Entertainment

Amount

Paid

Difference

Amount

Paid

Difference

Amount

Paid

Difference

Totals

Total Expenses Paid

The

Mama

Total Expenses: This is where you put your total from the bottom + the amounts in the giving and savings lines

Monthly Budget Worksheet

MONTH TOTAL INCOME GIVING SAVINGS TOTAL EXPENSES REMAINING

Remaining: You take Total Income minus Total Expenses to get this amount.

January
$
$ $ $ $ 20.00 $ 50.00 $

February
3,500.00 $
$ $ $ 50.00 $ $ $

March
3,500.00 $
$ $ $ 50.00 $ $ $

3,500.00
75.00 $ 50.00 $ 20.00 3,431.00 69.00

Amount This is where you put your budgeted amount every month.

75.00 $ 50.00 50.00 $ 20.00 3,418.00 82.00

20.00 $ 50.00 50.00 $ 20.00 3,386.00 114.00

bills & expenses

Housing
Amount Paid Difference Amount Paid Difference Amount Paid Difference

Mortgage Insurance Maintenance

Totals

$ 700.00 $ 700.00 $ $ 120.00 $ 120.00 $ $ 100.00 $ 50.00 $ 50.00 $ 920.00 $ 870.00 $ 50.00
Amount Paid Difference

$ 700.00 $ 700.00 $ $ 120.00 $ 120.00 $ $ $ $ $ 820.00 $ 820.00 $

Amount Paid

5.00 (5.00) 5.00 5.00 -

$ 700.00 $ 700.00 $ $ 120.00 $ 120.00 $ $ 50.00 $ 75.00 $ (25.00) $ 870.00 $ 895.00 $ (25.00)
Amount Paid Difference

Utilities

Difference: Use this column to determine if you are over/under budget.

Difference

Electric Gas Water

Totals

$ 100.00 $ $ 25.00 $ $ 40.00 $ $ 165.00 $

Amount

150.00 $ (50.00) 25.00 $ 21.00 $ 19.00 196.00 $ (31.00)

Paid Difference

$ 175.00 $ $ 25.00 $ $ 30.00 $

170.00 $ 30.00 $ 25.00 $

$ 175.00 $ $ 30.00 $ $ 30.00 $ $ 235.00 $

Amount

163.00 $ 27.00 $ 21.00 $

12.00 3.00 9.00

$ 230.00 $ 225.00 $
Amount Paid

211.00 $ 24.00
Paid Difference

Automotive

Difference

Auto Loan #1 Auto Loan #2 Insurance

Totals

$ 400.00 $ 400.00 $ $ 350.00 $ 350.00 $ $ 100.00 $ 100.00 $ $ 850.00 $ 850.00 $

Amount Paid

$ 400.00 $ 400.00 $ $ 350.00 $ 350.00 $ $ 100.00 $ 100.00 $ $ 850.00 $ 850.00 $

Amount Paid

$ 400.00 $ 400.00 $ $ 350.00 $ 350.00 $ $ 100.00 $ 100.00 $ $ 850.00 $ 850.00 $

Amount Paid

Medical

Difference

Difference

Difference

Insurance

$ 100.00 $

100.00 $

$ 100.00 $

100.00 $

$ 100.00 $

100.00 $

Totals

$ 100.00 $
Amount

100.00 $
Paid

$ 100.00 $
Amount

100.00 $
Paid

$ 100.00 $
Amount

100.00 $
Paid

3.00

Personal

Difference

Difference

Difference

Clothing

20.00 $ (20.00)

$ 50.00 $

$ 50.00

$ 60.00 $

57.00 $

Totals

20.00 $ (20.00)
Paid Difference

$ 50.00 $
Amount

Paid

$ 50.00
Difference

$ 60.00 $
Amount

57.00 $
Paid

3.00 -

Debt

Amount

Difference

Credit Card Student Loans

Totals

$ 40.00 $ 44.00 $ $ 350.00 $ 350.00 $ $ 390.00 $ 394.00 $

Amount Paid

(4.00) (4.00)

$ 50.00 $ 44.00 $ $ 350.00 $ 350.00 $ $ 400.00 $ 394.00 $

Amount Paid

6.00 6.00

$ 44.00 $ 44.00 $ $ 350.00 $ 350.00 $ $ 394.00 $ 394.00 $

Amount Paid

Food & Entertainment

Difference

Difference

Difference

Dining Out Netflix Groceries

Totals

Total Expenses Paid

$ 100.00 $ 65.00 $ 35.00 $ 8.00 $ 8.00 $ $ 700.00 $ 650.00 $ 50.00 $ 808.00 $ 723.00 $ 85.00 $ 3,153.00

$ 150.00 $ 8.00 $ 700.00 $ 858.00

$ 124.00 $ 26.00 $ 8.00 $ $ 675.00 $ 25.00 $ 807.00 $ 51.00 $ 3,196.00

$ 50.00 $ 20.00 $ 8.00 $ 8.00 $ 700.00 $ 701.00 $ 758.00 $ 729.00 $ 3,236.00

$ 30.00 $ $ (1.00) $ 29.00

Total Expenses Paid: This is where you add all of the amounts in the Paid column together to get your total expenses for the month.