02.06 Budget Worksheet
Career _________________________________________
Total Yearly Expenses
Difference (net income minus expenses)
Entertainment Yearly Cost
Video/DVD
Vacation
Other
Subtotals
Other Credit Debt Yearly Cost
Student Loan
Credit Card
Credit Card
Other
Subtotals
Utilities Yearly Cost
Phone and/or Cell Phone
Cable and Internet
Electric and Gas
Water and Sewer
Waste Removal
Subtotals
Personal Care Yearly Cost
Health Insurance
Other Medical Costs
Hair/Nails
Clothing & Laundry
Health Club
Organization Dues or Fees
Other
Subtotals
Gifts and Donations Yearly Cost
Holidays and Birthdays
Charity Donations
Other
Subtotals
Yearly Budget Gross Net
Income
Housing Yearly Cost
Mortgage or rent
Maintenance or repairs
Supplies
Home Insurance
Furnishings
Subtotals
Transportation Yearly Cost
Vehicle Payment
Bus/Taxi Fare
Automobile Insurance
Licensing
Fuel
Maintenance
Other
Subtotals
Food Yearly Cost
Groceries
Dining Out
Subtotals
Pets Yearly Cost
Food
Medical
Grooming
Toys
Other
Subtotals
Savings or Investments Yearly Cost
Retirement Account
Investment Account
Emergency Savings
Subtotals
Reflecting on this Activity
Why is budgeting important to your life?
Describe your experience with this process. Was it easy, difficult, or somewhere in the middle? What factors contributed to your feelings?
How might the use of credit for a large purchase affect your budget? Discuss which type of credit plan you would use, and how your budget can help you protect your credit score.
What adjustments did you have to make to your budget? How did you decide where to make changes?
Will you begin using a budget regularly now? Why or why not?
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