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. 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.

3 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)Suppleme ntsGym 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.

4 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)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.

5 Total your savings goals in each category and divide by 12 months to enter Monthly Planned Saving amount. 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