Monthly Budget Worksheet - Freddie Mac

1 CategoryMonthly ActualMonthly BudgetDifferenceMy NotesMortgage or rentHome warranty planHomeowner's or condo association feesSpecial assessmentsProperty taxesHomeowner s insuranceOther ( , cleaning services, landscaping)Total Housing ExpensesElectricGas/heating oilWater/sewageCable TVInternetCellphone/telephoneOther ( , trash/recycling)Total Utilities ExpensesCar paymentsPublic transportation/shared ride/taxiGasolineParking/tollsCar insuranceCar maintenanceCar registration & taxesRoadside assistanceOtherTotal Transportation ExpensesGroceriesMeals outEntertainment ( , movies/concerts/sporting events)HobbiesBooks/audiobooksOtherTotal Food & Entertainment ExpensesChildcareSchool tuitionTutoring/lessons/sports activities/campsSchool lunchesSchool suppliesNew clothing, shoes & accessoriesHaircuts/groomingAllowanceDia pers/babycareOther Total Childcare Related ExpensesFood & EntertainmentCare of ChildrenUse this Worksheet to create your household spending plan/ Budget .

2 Not all categories will be applicable to you and you might add categories that you want to track. There is a section for planned savings in this Worksheet . You will enter your Monthly income from your Net Monthly Income Worksheet at the bottom of this Worksheet to compare your planned/budgeted amounts and actuals with your take-home income. Accordingly, you can make adjustments to various categories and your spending and savings Expenses - Monthly expenses may be fixed/recurring expenses or periodic/variable expenses. To calculate Monthly expenses, keep all your receipts for cash payments and track expenses using a credit card or debit card statement.

3 Your credit card mobile app may feature budgeting tools. Average your Monthly expenses in any category by month and use the amount as your Monthly Budget . Compare Monthly Budget with Monthly Actual expenses and adjust your Budget as needed. For healthcare, indicate out of pocket expenses (not payroll-deducted Monthly insurance premiums).HousingUtilitiesTransportation Monthly Budget WorksheetPage 1 of 3 CategoryMonthly ActualMonthly BudgetDifferenceMy NotesStreaming services ( , Netflix)Shopping memberships ( , Amazon Prime, Costco)News ( , Washington Post)Meals/food boxes ( , Blue Apron)GamingOtherTotal Subscriptions ExpensesMedical insurance (if not payroll deducted)Dental insurance (if not payroll deducted)Other insurance ( , life or disability insurance)Doctors/specialists (including insurance deductibles)Therapist/counselorEyecareMe dicines (prescriptions/over-the-counter)

4 SupplementsGym membership/fitness OtherTotal Health, Wellness & Insurance ExpensesDry cleaning/laundryPersonal care/groomingToiletries/cosmeticsClothin g, shoes, accessoriesOtherTotal Personal ExpensesChild supportAlimony PetcareSupplies for educationTax preparation feesLegal feesGiftsDonationsAnnual fees for credit cardsComputer/technology/mobile accessoriesOtherTotal Miscellaneous ExpensesCredit card 1 Credit Card & Balance:Credit card 2 Credit Card & Balance:Credit card 3 Credit Card & Balance:Student loan 1 Student loan 2 Personal loansMedical debtsOther installment debt OtherTotal Credit Cards, Loans & Other DebtsTotal Monthly ExpensesCredit Cards, Loans & Other DebtsSubscriptionsPersonalMiscellaneousH ealth, Wellness & InsurancePage 2 of 3 CategoryMonthly Actual SavedMonthly Planned SavingDifferenceMy NotesEmergency fund(amount needed in addition to current savings)

5 Down payment for homeMoving/household essentialsFurniture/decorsAppliancesHome maintenance/repairs fundHome improvementsTotal Housing Planned SavingsEducationWeddingVacationOtherTota l Miscellaneous Planned SavingsTotal Monthly Planned SavingsTotal Net Monthly Income (enter NMI from income Worksheet )Total Monthly Expenses & Planned Savings Difference Between Income vs. Expenses + Planned SavingsHousingMiscellaneousPlanned Savings - This section will help you Budget for savings goals and needs. Total your savings goals in each category and divide by 12 months to enter Monthly Planned Saving amount.

6 You could transfer the Monthly Planned Saving amounts to a Savings Account on a Monthly basis. Compare Monthly Planned Saving with Monthly Actual Saved amounts and adjust as 3 of 3