Spending Plan

If you're like most people, writing down your weekly expenses probably showed you some purchases you wish you hadn't made. But now's your chance to do better! Key in your spending plan estimates for the next calendar month, giving yourself firm but realistic limits on items like "Meals out" and "Family social events" that can tend to get away from us. When you're finished, print out your Plan and keep it handy. Then, at the end of the month, write in your actual spending and compare the two.

MONTHLY EXPENSES ESTIMATED ACTUAL
Shelter
Mortgage or rent $ $
Second Mortgage/Equity Line $ $
Association Dues $ $
Tax (if not escrowed) $ $
Homeowner/Renter Insurance $ $
Cleaning Supplies/Service $ $
Yard Care $ $
Home Upkeep/Repairs $ $
Furniture/Appliances $ $
Security System $ $
Utilities
Electricity $ $
Gas/Heating $ $
Water/Sewer/Trash $ $
Telephone/Online Computer $ $
Car Telephone/Beeper $ $
Pest Control $ $
Cable TV $ $
Water Softner $ $
Bottled Water $ $
Insurance
Health/Dental Insurance $ $
Auto Insurance $ $
Life Insurance $ $
Disability/Accident $ $
Groceries/Meals
Food at Home $ $
Food at Work $ $
Meals Out $ $
Special Diet $ $
Snacks/Vending Machine $ $
Transportation
Car Lease/Loan Payments $ $
Car Repairs/Maint./Wash $ $
Gasoline $ $
License/Stickers $ $
Parking/Tolls $ $
Public Transportation $ $
Family Cost
Legal/Tax Advice $ $
Union Dues (if not deducted) $ $
Checking Account/ATM Fees $ $
Child Support/Alimony $ $
Child Care/Babysitter $ $
Pet Care $ $
Postage $ $
Lessons/Tutoring $ $
Professional Association Fees $ $
Memberships (Health Clubs) $ $
Tuition/Books/School Supplies $ $
Children's Allowance $ $
Family/Social Events $ $
Personal Needs
Clothing/Shoes $ $
Uniforms $ $
Laundry/Dry Cleaning $ $
Hair Cuts/Hair Care $ $
Make-up/Cosmetics $ $
Toiletries or Personal Items $ $
Cigarettes/Tobacco/Beverages $ $
Other $ $
Health Cost
Dental $ $
Doctor/Chiropractor $ $
Prescriptions/Vitamins $ $
Counseling $ $
Eyeglasses/Contacts $ $
Other $ $
Gifts/Outside Giving
Church/Charities $ $
Gift to Family $ $
Gift to Others/Vitamins $ $
Christmas Reserve $ $
Other $ $
Miscellaneous
Student Loan Payments $ $
Recreation/Sports/Hobbies $ $
Newspapers/Magazines $ $
Travel/Vacations $ $
Other
Short-Term Savings $ $
Long-Term Savings $ $
Debt Repayment $ $
TOTAL $ $

How do you compare?

Consumer Credit Counseling Services recommends the percentages below as a spending plan guideline. (Variations are due to income levels, family size and personal choice.)

    Housing (20-35%)
    Utilities (4-7%)
    Food (15-30%)
    Recreation & Entertainment (2-6%)
    Savings & Investments (5-9%)
    Fixed Assets (2-8%)
    Family Necessities (2-4%)
    Medical (2-8%)
    Clothing (3-10%)
    Auto/Transportation (6-30)
    Emergency cash (1-4%)
    Miscellaneous (?%)

 

Questions?
Call the Financial Insider Network Customer Service Center toll-free at 1-800-510-7033. HOURS: weekdays 7:00 A.M. - 8:00 P.M. (CST).