Sample Budget

Online Personal Budget Calculator.
Below is an example of a simple monthly personal budget. If you would like, you can enter your information into the blanks and calculate your personal budget online right now.

Not sure how much to budget in each category? Visit Spending Guidelines.

	Sample Data	Enter Your Info Here
Income
Paycheck 1	$ 2,000
Paycheck 2	$ 1,500
Other	$ 500

Total Income	$ 4,000

Expenses
Mortgage	$ 950
Cars	$ 600
Insurance - Auto	$ 150
Insurance - Life	$ 60
Installment Loans	$ 125
Phone	$ 75
Utilities - Gas/Water/Electric	$ 125
Groceries	$ 250
Entertainment	$ 250
Gasoline for Cars	$ 100
Total Expense	$ 2,685

NET INCOME	$ 1,315

This is what a sample budget would look like for one month. Notice this budget has a net income (i.e. this family has money left over after it pays all of its expenses.) You might find out as you put in actual numbers into your monthly budget, that you end up with a net loss. That is not a good situation to be in. Just like a business, if it cannot make a profit it will go bankrupt, so will you go bankrupt unless you can spend less than you take in.

As you can see putting together a monthly budget is quite simple, the difficult part is sticking to your budgeting and tracking your expenses each month. Please continue to the Tips section next.