FORMS & DOCUMENTS / Personal planning

Monthly Household Budget

Give every monthly dollar a purpose, with room for everyday bills, savings and the costs that sneak up once a year.

A HAND WHEN YOU NEED IT

One step at a time.

Gather recent pay records, bank statements and bills. Enter take-home pay per paycheck and choose how often it arrives; the worksheet converts it to a monthly average. Enter other income as monthly amounts.
Count each dollar once. Do not repeat costs already withheld from pay, included in mortgage escrow or entered on another line. Leave unused items blank.
Enter occasional costs as annual amounts in their own section. The worksheet calculates what to put aside each month.
Review the remaining amount. If spending is higher than income, adjust the plan before adding an extra debt payment. Use your affordable extra amount in the Debt Payoff Plan.

A little help, right here.

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