Monthly Spending Plan - keystomyhome.org

1 56 NeighborWorks AmericaMonthly Spending PlanHousingHousingHousingMedicalSavingsC lothingTransportationTransportationFoodI nsuranceChildcareMonthly Spending PlanThis Spending plan is broken down into the following types of expenses: fixed, periodic fixed, flexible andindebtedness. Depending on your situation, some expenses (for example, a cell phone) may be consideredflexible rather than fixed. Be sure to adjust the categories to best reflect your needs and ExpenseBudgetedActual DifferenceAmount SpentFixed ExpensesRent or MortgageHeating (gas or oil)ElectricityTelephones (landlines and cell phones)Other:GasCar PaymentPublic Transportation or TaxiParking and TollsOther:Health (medical and dental,ifnot payroll deducted)LifeDisabilityOther.

2 Childcare or BabysittersChild Support or AlimonyFixed Expenses SubtotalPeriodic Fixed Expenses(divide annual payment by 12)Renters or Homeowners Insurance (if not included in mortgage)Water or SewageTrash ServiceOther:Car InsuranceCar InspectionCar Repairs and MaintenanceLicense Plates and Registration FeesOther:Periodic Fixed Expenses SubtotalFlexible ExpensesGroceriesSchool LunchesWork-Related (lunches and snacks)Other:Home Maintenance and FurnishingsCleaning SuppliesLawn CareOther:DoctorDentistPrescriptionsOthe r:Emergency FundDown Payment FundClothingLaundry and Dry CleaningOther:Realizing theAmerican Dream 57 Managing Your Money* Although it is stronglyrecommended that you paymore than the monthlyminimum payment due,lenders will use thisamount when calculatingmonthly debt.

3 CreditSmart byFreddie MacDonationsGiftsPersonalEntertainmentMi scellaneousDebtsEducationMonthly ExpenseBudgetedActual DifferenceAmount SpentFlexible Expenses, , Papers and SuppliesNewspapers and MagazinesLessons (sports, dance, music)Other:Religious or CharityOther (if not payroll deducted):BirthdaysHolidaysOther:Barber or Beauty ShopToiletriesChildren s AllowancesTobacco ProductsBeer, Wine, LiquorOther:Movies, Sporting Events, Concerts, Theater, RentalsInternet ServiceCable/Satellite TVRestaurants and Take-Out MealsGambling or Lottery TicketsFitness or Social ClubsVacations/TripsHobbies or CraftsOther:Checking Account Fees, Money Order Fees, Care or SuppliesPostagePictures and Photo Processing Mad MoneyOther:Flexible Expenses SubtotalIndebtedness ExpensesStudent LoanCredit Card ( Monthly minimum*)Credit Card ( Monthly minimum)Credit Card ( Monthly minimum)Medical BillsPersonal LoanOther.

4 Indebtedness SubtotalTotal Monthly Expenses (fixed + periodic fixed + flexible + indebtedness)IncomeTotal Monthly Net IncomeAdditional SavingsAmount Left Over for Savings(total Monthly net income total Monthly expenses)