Basic Budge Sheet
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The purpose of this very Basic Budget Sheet is to give you an idea what a budget should look like.

 The Idea is to Follow the percentages. If your Clothing is 18% of your Net Disposable Income, You need to SLOWLY reduce your spending in that area. 

Take out a sheet of paper right now and following this example, Discover your Budget.  OR

Contact Money Tyme and a representative will help you go through the steps of creating your own budget  

 

 

 Income Categories

 

 

 

 

Wages & Salary

$ 55,406.33

 

 

 

IRS Income Tax Return

$      434.00

 

 

 

Interest Income

$          7.23

 

 

 

Other Income

$   1,384.93

 

 

 

Gross Income:

 $ 57,232.49

 

 

 
       
*Tax, Savings & Charity $       21,975 38%  
       

Net Annual

 Disposable Income:

  Net Monthly Disposable

Income:
 

*$     35,257.00

$   2,938.08

 
       

Expense Categories

 Annual Amount Monthly Amount Suggested Percentage
Housing:

 $    12,780.02

 $      1,065.00

29%
Food:

 $      5,288.28

 $         440.69

12%

Auto:

 $      5,728.97

 $         477.41

13%

Debt:

 $      2,203.45

 $         183.62

5%

Bank Charges

 $         440.69

 $           36.72

1%

Job Expense

 $             0.00

 $             0.00

0%

Misc:

 $             0.00

 $             0.00

0%

Insurance:

 $      2,203.45

 $         183.62

5%

Ent/ Rec:

 $      2,644.14

 $         220.35

6%

Clothing:

 $      1,762.76

 $         146.90

4%

 

Med/Dental:

 $      1,762.76

 $         146.90

4%

 

School/Childcare:**

 $         440.69

 $           36.72

1%

 

*Savings:

 $   2,861.60

 $    183.62

5%

*Tithe/Charity/Gifts

 $   5,723.20

 $    367.24

10%

*Investments:

 $   2,203.45

 $    183.62

  5%

 

*Taxes

$ 13,163.36

 $  1096.96

23%

 

Total Expense Categories

$    35,257.00

$      2,938.08

 

 

 

    

 

 
       
       
       
       
       
       

*Most budgets are figured on NSI, (Net Spendable Income after Tax.) Money Tyme believes NSI should be figured after Tax, Charity, and Savings.  You may figure it any way you like.

**School and Child Care – Tuition, day care, pictures, and related expense. This category is added as a guide only. If you have this expense, the percentage shown must be deducted from other budget categories. Your total expense categories should not exceed 100%

 

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Last modified: 05/03/04