Filetype Excel XLSX | Posted on 14 Aug 2022 | 3 years ago
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185x Filetype XLSX File size 0.10 MB Source: www.seattlehousing.org
Sheet 1: My Spending Plan Budget
| Budget sheet adapted from NerdWallet | |||||||||||
| YOUR MONTHLY INCOME | AMOUNT | ||||||||||
| First job after-tax salary or wages | $1,000 | < Add your income here | |||||||||
| Second job after-tax salary or wages | $0 | ||||||||||
| Any additional income (rental, financial aid, self-employment, child support, pension, etc.) | $300 | ||||||||||
| Total | $1,300.00 | ||||||||||
| YOUR EXPENSES | |||||||||||
| NEEDS (MONTHLY) | AMOUNT | ||||||||||
| Rent/mortgage | < input your expenses and the tables below will automatically calculate itself in comparison to the 50/30/20 rule | ||||||||||
| Homeowners or renters insurance premiums | |||||||||||
| Property tax (if not already included in the mortgage payment | |||||||||||
| Auto insurance premiums | |||||||||||
| Health insurance premiums | |||||||||||
| Out-of-pocket medical costs | |||||||||||
| Life insurance premiums | |||||||||||
| Electricity and natural gas bill | |||||||||||
| Water bill | |||||||||||
| Sanitation/garbage bill | |||||||||||
| Groceries, toiletries and other essentials | < | If you are unsure, track amount for one week and multiply by amount of weeks in a month (4 or 5 depending) | |||||||||
| Car payment | |||||||||||
| Car registrations fees | < | Think about how much you pay per year for car maintainence or registrations fees and divide by number of months | |||||||||
| Parking fees | |||||||||||
| Car maintenance and repairs | |||||||||||
| Gasoline | |||||||||||
| Public transportation | |||||||||||
| Phone bill | |||||||||||
| Internet bill | |||||||||||
| Minimum student loan payments | |||||||||||
| Haircuts/ Grooming | |||||||||||
| Pet Supplies / pet rent/ pet food | |||||||||||
| Clothes | |||||||||||
| Other minimum loan/credit payments | |||||||||||
| Child Support, Child Care | |||||||||||
| Other | |||||||||||
| Total spent on necessities | $0.00 | ||||||||||
| WANTS (MONTHLY) | AMOUNT | ||||||||||
| Salons, barbershop, cosmetics | |||||||||||
| Dining out | |||||||||||
| Special meals at home | |||||||||||
| Alcohol, tobacco, cigarettes | |||||||||||
| Movie, concerts, or other entertainment | Create a percentage rule for you to stick to with your budget. think about how much money from your income should go to each category of needs, wants, & savings/debt. | ||||||||||
| Gym or club memberships | |||||||||||
| Travel expenses (airline tickets, hotels, rental cars, etc.) | NEEDS | 85% | <Change these percentages according to how much you want to allocate your pay (ex. 70% needs, 20% wants, 10% savings or debt repayment) | ||||||||
| Streaming services (Spotify, hulu, Netflix, etc.) | WANTS | 10% | |||||||||
| Home decor items | SAVINGS | 5% | |||||||||
| Other | |||||||||||
| Total spent on wants | $0.00 | Once you've created your percentage rule, the numbers below will update and reflect the maximum amount you would want to spend in each category below according to your rule | |||||||||
| SAVINGS & DEBT REPAYMENT (MONTHLY) | AMOUNT | NEEDS | $1,105.00 | < The numbers here will change depending on the percentage rule you choose. Example: if you decided to allocate 70% of your income going to needs, it will appear here in a $dollar amount for you to be aware. | |||||||
| Emergency fund contributions | WANTS | $130.00 | |||||||||
| Savings account contributions | SAVINGS & DEBT REPAYMENT | $65.00 | |||||||||
| Individual retirement account contributions | $0.00 | ||||||||||
| Other investments | |||||||||||
| Credit card payments | |||||||||||
| Excess payments on student loans | |||||||||||
| Excess payments on car loan | |||||||||||
| Other | |||||||||||
| Total spent on savings and paying off debt | $0.00 | The numbers below reflect the total amount of money you have left to spend for each category of needs, wants, & savings/debt. The numbers will appear after listing out your monthly expenses in column C | |||||||||
| Total expenses | $0.00 | NEEDS | $1,105.00 | < If you have a negative number it will turn to red and show that you are overspending in this category. If the text is a positive green number, it tells you are well within your percentage rule for this category and can spend more (or choose to save) | |||||||
| Income remaining (surplus or deficit) | $1,300.00 | WANTS | $130.00 | ||||||||
| SAVINGS & DEBT REPAYMENT | $65.00 | ||||||||||
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