Sample Budget

Posted by Jonathan Woods on Dec 9, 2015 4:03:51 PM

Republic Bank SavingsSaving is easy when you learn how to track and manage your budget. Use the sample below to help identify and manage your expenses, and prepare for your future. Once you know where your money is going, you can begin to analyze your expenses and find ways to cut back. When you’ve reviewed your expenses, the next step is to look at how much you can begin saving, which will then be included in your overall budget.

Income Expected Actual Difference

Take-home pay $________ $________ $________

(you + spouse)

Dividends, interest, $________ $________ $________

capital gains

Other income $________ $________ $________

Total Income (A) $________ $________ $________

 

Fixed Expenses Expected Actual Difference

Savings $________ $________ $________

Mortgage/rent $________ $________ $________

Property taxes $________ $________ $________

Insurance $________ $________ $________

Auto loan/lease $________ $________ $________

Child Education $________ $________ $________

 

Other Expenses Expected Actual Difference

Groceries $________ $________ $________

Utilities $________ $________ $________

Telephone $________ $________ $________

Internet/cable $________ $________ $________

Repairs/upkeep $________ $________ $________

Credit cards/loans $________ $________ $________

Doctor/Dentist/Rx $________ $________ $________

Transportation $________ $________ $________

Clothes/laundry $________ $________ $________

Other $________ $________ $________

 

Discretionary Expenses Expected Actual Difference

Entertainment $________ $________ $________

Sports/pastimes $________ $________ $________

Books/magazines $________ $________ $________

Charitable contributions $________ $________ $________

Birthday/holiday $________ $________ $________

Vacation $________ $________ $________

Furniture/household $________ $________ $________

Pocket money $________ $________ $________

Other $________ $________ $________

Total Expenses (B) $________ $________ $________

Total extra cash you can add to savings $________ $________ $________

This information is not to be used as investment advice, but for informational purposes only. Republic Bank & Trust Company prohibits the dissemination, distribution or copying of this document without the Bank’s prior written consent. Please consult your financial or tax advisor for further information.

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