Money Spending Plan (Income and Expenses) Worksheet

"Money Spending Plan (Income and Expenses) Worksheet" submitted by SchoolGrantsfor Editorial Team and last updated on Friday 22nd July 2011

Use this worksheet to help you get a clear picture of your income and expenses. If your expenses are greater than your income, you’ll need to look for ways to reduce expenses and/or supplement your income. Process of creating a strategy for the future, which involves identifying goals, monitoring expenses and saving or investing money. Managing these basics will help you prepare for a bright financial future.

Income Source Estimated Monthly Total Estimated Yearly Total
Earnings    
Money from savings    
Money from parents    
Work-study/student employment    
Scholarships    
Grants    
Loans    
Spouse’s wages    
Other    
Total income $ $
Expenses Estimated Monthly Total Estimated Yearly Total
Tuition    
Fees    
Loan payments    
Books/supplies    
Rent/housing    
Gas/electricity    
Telephone    
Cell phone    
Internet service/cable TV    
Other    
Child care    
Transportation    
Auto gas and maintenance    
Auto insurance and registration    
Auto payment    
Public transportation    
Parking    
Food    
Groceries    
Restaurants    
Coffee, Snacks    
Clothing    
Clothes    
Laundry/dry cleaning    
Entertainment    
Credit card payments    
Health insurance    
Medical/dental    
Miscellaneous    
Total expenses $ $
TOTAL INCOME minus TOTAL EXPENSES = $ (available funds) = $ (available funds)