Monthly Expenses Exercise 1.1

This exercise is designed to help you understand the financial reality of your present situation.

The first column shows an example household. The second column should show your current monthy expenses. The last column should show what you would like your monthly expenses to be.

Be sure to include yearly costs by adding an average monthly amount.

Standard Search Time is calculated by figuring a month for every $10,000 in annual income.

Be sure to project the number of months it will take you to find your next position and then adjust your budgeting accordingly.

*Yearly expense divided by 12
     
  Example
Household
Your Current
Expenses
Desired
Levels
 Home
Rent / Morgage $1,400.00   $     $  
Other     $     $  
Subtotal   $1,400.00   $     $  
 Utilities
Gas, Electric and Water $350.00   $     $  
Telephone & Cell Phone $65.00   $     $  
Cable TV & Internet $50.00   $     $  
Other     $     $  
Subtotal   $465.00   $     $  
 Food
Groceries and Dining Out     $     $  
Subtotal       $     $  
 Transport
Car Payments $375.00   $     $  
Car Insurance $100.00   $     $  
Fuel / Bus Fares $150.00   $     $  
Other     $     $  
Subtotal   $625.00   $     $  
 Insurance
Health Insurance $25.00   $     $  
Life Insurance     $     $  
Disability $10.00   $     $  
Other     $     $  
Subtotal   $35.00   $     $  
 Legal Expenses
Legal Expenses $25.00   $     $  
Alimony/Child Support     $     $  
Other $20.00   $     $  
Subtotal   $20.00   $     $  
 Other Expenses
Child Care     $     $  
Clothes * $100.00   $     $  
Medical Expenses $25.00   $     $  
Entertainment $150.00   $     $  
Frivolous Spending $100.00   $     $  
Memberships     $     $  
Other $20.00   $     $  
Subtotal   $395.00   $     $  
       
Total Expenses   $2,940.00   $     $  
Income   $100.00   $     $  
Net Total   $2840.00   $     $  
Total Income Required   $3606.80   $     $  


Print this for your Records!