Monthly Budget Worksheet
Income: To get started on your budget worksheet, record all the money you have coming in each
month. Account for every source of income you have, no matter how small.
Income (monthly, after taxes)
Wages/salary
£
Wages/salary (spouse/others)
£
Benefits
£
Interest earnings
£
Investments
£
Other
£
Total Monthly After-Tax Income
£
Expenses: After you’ve recorded your after-tax income, the next step is to write down all the
expenses you face each month, and add them all together to get your total monthly expenses. Then
subtract your total monthly expenses from your total monthly income.
After-tax income – Total expenses = Amount of money you’ll have left
If the result is greater than 0, then you’ll probably have some money to spare each month. This
means you may have room in your pocketbook for things like a large purchase or payments on a
new loan. If the result is less than 0, then you need to cut back on your expenses to avoid going into
debt, and you probably shouldn’t count on making any unnecessary purchases.
In either case, this budget worksheet can help you get a better sense of where you are spending your
money. This in turn can help you decide where you can cut back to save. Items in the
“miscellaneous” category are more likely to be expenses you can eliminate.
Monthly Budget Worksheet
Home and Food (monthly)
Priority Debts (monthly)
Mortgage/rent
£
Mortgage/rent arrears
£
Home insurance
£
Council tax arrears
£
Utilities
£
Utilities arrears
£
Cable/satellite/Internet
£
Fines
£
Groceries
£
Magistrate’s court fines
£
Dining out
£
Other
£
Appliance repair
£
Total
£
Pet expenses
£
Other
£
Total
£
Transportation (monthly)
Loans (monthly)
University loans
£
Credit cards
£
Personal loans
£
Other
£
Total
£
Petrol
£
Vehicle payments
£
Vehicle repairs
£
Clothes
£
Train/bus fare
£
Dry cleaning/laundry
£
Plane fare
£
Life/health insurance
£
Taxi
£
Entertainment
£
Insurance
£
Beauty/upkeep
£
Parking
£
Extracurricular activities
£
Other
£
Other
£
Total
£
Total
£
Miscellaneous (monthly)
Total Monthly Expenses: £
Total Monthly After-Tax Income – Total Monthly Expenses = £
This budget calculator is provided for education and informational purposes only. We specifically disclaim any express or implied warranty of any kind, including warranties of accuracy,
completeness or fitness for any particular purpose. This budget calculator is not intended to be and does not constitute financial or any other advice. The information displayed in this expense
calculator is general in nature and is not specific to you the user or anyone else.