Publication Number 354-100, June 1996
Monthly Spending Plan
Month _____________ 19__
| Before
Income Was Reduced | Adjusted Amount | |
|---|---|---|
| Step 1--Your Income (Take Home)* | ||
| Salary, wages | $ | $ |
| Unemployment Compensation | $ | $ |
| Other | $ | $ |
| A. Total Monthly Income | $ | $ |
| Step 2--Monthly Expenses | ||
| Housing--mortgage or rent payment | $ | $ |
| Utilities--electric, gas, phone, etc. | $ | $ |
| Food--at home and away | $ | $ |
| Transportation--gas, car repairs | $ | $ |
| Medical Care--doctor, dentist, hospital | $ | $ |
| Credit Payments--loans, health, car, property | $ | $ |
| Household Operations and Maintenance--repairs, cleaning supplies, etc. | $ | $ |
| Clothing and Personal Care--clothes, laundry, toiletries, etc. | $ | $ |
| Education and Recreation | $ | $ |
| Miscellaneous--child care, gifts, allowances | $ | $ |
| Savings and/or funds set aside for seasonal and occasional expenses | $ | $ |
| B. Total Monthly Expenses | $ | $ |
| Step 3--Balance Income and Expenses | ||
| Total Monthly Income (A) $________ = $________ Total Monthly Expenses (B). | ||
*Because most bills are monthly, it's easiest to look at income and expenses on a monthly basis. Multiply weekly income by 4.33 and bi-weekly income by 2.17 to convert them to monthly amounts.
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