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Anthony’s Monthly Budget

Budget to Save

 

Get a Handle on Income and Expenses

Using Anthony’s budget below (or another) as an example, track your income and expenses online, or download a spreadsheet or PDF of the blank monthly budget sheet. Identify changes you can make to increase your income or decrease your expenses. Then develop a new budget that includes more savings. Be sure to make changes that you can live with from month to month.

web xls pdf

Complete your own online


See what the other people of Building Wealth learned when they created budgets.

Anthony’s Monthly Budget

Income

Current income

Income changes

New budget

Take-home pay

$
3,168
$
0
$
3,168

Total income

$
3,168
$
$
3,168

Expenses

Current expenses

Spending changes

New budget

Rent

$
950
$
0
$
950

Utilities

$
215
$
0
$
215

Car payment

$
350
$
0
$
350

Car insurance

$
106
$
0
$
106

Credit card payment

$
50
$
0
$
50

Student loan payment

$
72.13
$
0
$
72.13

Groceries

$
315
$
–50
$
265

Eating out and coffee

$
300
$
–150
$
150

Gas and maintenance

$
200
$
0
$
200

Cell phone

$
115
$
0
$
115

Internet and cable

$
109
$
0
$
109

Renter’s insurance

$
22.50
$
0
$
22.50

Other debt payment

$
25
$
0
$
25

Entertainment

$
80
$
0
$
80

Shopping

$
205
$
–105
$
100

Medical copays and Rx

$
50
$
0
$
50

Gym membership

$
50
$
–50
$
0

Total expenses

$
3,214.63
$
–355
$
2,859.63

Monthly net (income–expenses)

$
–46.63
$
0
$
308.37

Available to save or invest

$
0
$
0
$
308.37

From Chapter 2: Budget to Save

When Anthony reviewed his daily spending and budget, he realized he could cut expenses by $355 each month by:


Back to Chapter 2