Budgeting Worksheet

Budgeting Worksheet Lighting the way to financial stewardship

INCOME Tip: Set money aside each month for future expenses

Monthly Gross Income........................................................................................... $____________________ Add: Any Additional Income (Child Support, etc.)................................................ $____________________ 0.00 Total Monthly Gross Income.................................................................................. $____________________ Subtract: Taxes, Health Insurance & Other Payroll Deductions............................. $____________________ Subtract: Savings, 401K, etc................................................................................. $____________________ 0.00 Total Monthly Spendable Income.................................................... $____________________

EXPENSES HOUSING EXPENSES Tip: Set money aside each month for annual expenses

Tip: Set money aside each month for future and/or unexpected expenses

Rent or Mortgage................................................................................................... $____________________ Food (Groceries, Lunches, Meals Out).................................................................. $____________________ Utilities (Gas, Electricity, Telephone, Etc.).............................................................. $____________________ Insurance............................................................................................................... $____________________ Repairs................................................................................................................... $____________________ Taxes...................................................................................................................... $____________________ 0.00 Total Housing Expenses...................................................................................... $____________________

CAR EXPENSES Loan Payment(s).................................................................................................... $____________________ Gas......................................................................................................................... $____________________ Insurance............................................................................................................... $____________________ Maintenance & Repairs.......................................................................................... $____________________ 0.00 Total Car Expenses.............................................................................................. $____________________

DEBTS Creditor #1_____________________Balance $_______________ Monthly Payment $____________________ Creditor #2_____________________Balance $_______________ Monthly Payment $____________________ Creditor #3_____________________Balance $_______________ Monthly Payment $____________________ Creditor #4_____________________Balance $_______________ Monthly Payment $____________________ 0.00 Total Credit Card & Other Debt........................................................................... $____________________

MISCELLANEOUS

Tip: Subtract your ‘Total Expenses’ from your ‘Total Monthly Spendable Income to see if you have a surplus or shortage.

Church Tithes & Offerings...................................................................................... $____________________ Other Charitable Contributions.............................................................................. $____________________ Childcare/Support.................................................................................................. $____________________ School Tuition/Supplies.......................................................................................... $____________________ Medical Bills & CoPays.......................................................................................... $____________________ Prescription Medicines........................................................................................... $____________________ Pet Supplies & Vet Exams...................................................................................... $____________________ Newspaper, Magazine Subscriptions.................................................................... $____________________ Clothing.................................................................................................................. $____________________ Haircuts.................................................................................................................. $____________________ Gifts........................................................................................................................ $____________________ Other (Entertainment, Transportation, Financial Services)..................................... $____________________ 0.00 Total Miscellaneous............................................................................................. $____________________ 0.00 Total Monthly Expenses..................................................................... $____________________

0.00 MONTHLY SURPLUS OR SHORTAGE $_________ UMFCU and its representatives are not licensed financial advisors and may not give legal or tax advice. Any discussion herein or related to this document is for general information purposes. You should consult with and rely on your own independent legal, financial and tax advisors regarding your particular set of facts and circumstances.

SAVINGS Savings Accounts.................................................................................................. $____________________ 401k....................................................................................................................... $____________________ CD.......................................................................................................................... $____________________ 0.00 Total Savings.................................................................................................. $____________________