Budget Worksheet - Keep Track of Your Expenses

“It isn't what you earn but how spend it that fixes your class.” 
― Sinclair LewisIt Can't Happen Here

Be smart with your savings and budget. Going out to buy a new pair of sneakers, sunglasses, or purse can be tempting, ESPECIALLY when it's "on sale." But keep your values and your long-term goals in mind when considering your budget!

To come up with a budget, first track your expenses.

To track your expenses, keep ALL your spending receipts for one whole month, and see where you can improve! An easy way to do this is to use an envelope, and each time you make a purchase, stick the receipt in your envelope, instead of in your purse or pocket. Another easy way to do this is to look at your online banking statements. However, if you purchase anything with cash, your online banking will not account for this, so it may not be reflective of your actual spending.

Use this sample list of expense categories to track your monthly expenses. Microsoft Excel is a great program to organize an expense list, and to calculate your total expenses, income, and remaining balance. See where you stand at the end of each month, see where you can cut expenses, and create your budget!

Savings                    $

School expenses    $

Housing (i.e.rent)    $

Food                        $

Utilities                    $

Phone/cable/int.     $

Transportation        $

Insurance (car,etc)  $

Child Care               $

Loan/credit card     $

Snacks/coffee/etc. $

Clothes                   $

Entertainment        $

Other                      $

Total Monthly Income            $

Total Monthly Expenses        $

Remaining Balance                $

Keep Living Young & Free!