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2 | Monthly Budget | ||||||||
3 | Instructions: List all sources of your monthly income and expenses. If you're not sure what your monthly expenses are, look at your bank statements, estimate, or use the average costs provided. Only complete the income and expense cells that are relevant to you. If you have income sources or expenses not listed, include them in "other." The difference between your income and expenses will be calculated at the bottom. Please note that if you change the formulas in the worksheet, we cannot guarantee the accuracy of the results. | ||||||||
4 | Monthly Income | Average Monthly Cost of Expenses (Reference Table) | |||||||
5 | Income Source(s) | Amount | Notes | Groceries | Eating Out ($16 per meal) | Average Fixed Expenses | |||
6 | πΌ Estimated Monthly Income (from jobs) | Thrifty: $200 | Once a week: $64 | Rent for shared apartment: $900 per person | |||||
7 | π Total Financial Aid Refund for the Quarter | $2,000.00 | Total refund here received at the beginning of the quarter (money left over after tuition and fees are paid). Also include any third-party/private loans. | Low: $250 | Three times a week: $192 | Electricity/Gas: $30 | |||
8 | π Refund Per Month | $666.67 | Total refund divided by 3 months/quarter | Moderate: $300 | Four times a week: $256 | Water: $30 | |||
9 | 𧧠Family Support | $400.00 | Gifts, allowance, etc. | Liberal: $400 | Six times a week: | ||||
10 | π° Other Income | $0.00 | CalFresh benefits, unemployment benefits, etc. | ||||||
11 | Total | $1,066.67 | |||||||
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13 | Monthly Expenses | How am I Doing? | Hint: The goal is to make sure your income is greater than your expenses, that the "Difference" results in a surplus not a deficit! | ||||||
14 | Fixed Expenses | Amount | Flexible Expenses | Amount | Item | Amount | |||
15 | π Rent (Includes Dorming) | $925.00 | π Groceries | $0.00 | Monthly Income | $1,066.67 | |||
16 | π Utilities | $60.00 | π½ Eating Out | $150.00 | Monthly Expenses | $1,615.00 | |||
17 | π Cell Phone | $0.00 | β½οΈ Gas | $100.00 | Difference | -$548.33 | |||
18 | π Car Payment | $0.00 | π©Ί Medical Expenses | $0.00 | |||||
19 | π₯ Cable/Internet | $20.00 | π³ Credit Card Debt | $0.00 | |||||
20 | π Student Loans (if payments started) | $0.00 | πΆ Entertainment | ||||||
21 | π©Ί Insurance | π§Ί Laundry | $40.00 | ||||||
22 | πΏ Music/Movie Subscription(s) | π Clothing | $100.00 | ||||||
23 | πΆπΌ Day Care | $0.00 | 𧻠Household/Toiletries | $25.00 | |||||
24 | Parking | $75.00 | π Transportation | $20.00 | |||||
25 | $0.00 | βοΈ Haircut/Color | $50.00 | ||||||
26 | $0.00 | π° Savings | $50.00 | ||||||
27 | $0.00 | Miscellaneous Expenses | |||||||
28 | $0.00 | $0.00 | |||||||
29 | $0.00 | $0.00 | |||||||
30 | $0.00 | $0.00 | |||||||
31 | Total | $1,080.00 | Total | $535.00 | |||||
32 | βΌοΈ Reminder: Fixed Expenses are always included in your spending plan and the amount does not change. Fixed expenses may change, but you should try to stick to a specific amount each month. | ||||||||
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