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Budget Worksheet

Note: Do not use commas in the fields below.


Monthly Income
Monthly Income (after taxes) $
All other sources of income $
Total Monthly Income $

Monthly Expenses
Total Rent and/or Mortgage Payments $
Utilities (Gas and/or Electric Bills) $
Home Telephone Payments (if you still have a land line) $
Cell Phone Payments $
Cable Televison Payments $
Internet Access Fees $
Groceries $
Restaurant and Take-Out Meals (include coffee) $
Car Payments $
Car Insurance $
Public Transportation (Metro, bus, commuter rail, etc. Anything that's not paid for by your employer.) $
Student Loan Payments $
Monthly credit card payments (New purchases and balance payments) $
Clothing $
Health Insurance (if not taken out of your paycheck) $
Laundry and Dry Cleaning $
Child Care Costs $
Health Club Membership $
Going out (drinks, movies, cover charges, admission fees) $
Miscellaneous $
Total Expenses $

What you have left over. $

Your Percentages
Percentage spent on rent/mortgage
Experts recommend spending between 25 and 40 percent of your income on housing.
Percentage spent on student loan payments
Experts recommend spending 8 percent on student loan repayment.
Percentage spent on loan payments
Experts recommend spending between 10 and 20 percent on loan repayment (car payments, credit card balances and other personal loans.)
Percentage spent on car insurance
Experts recommend spending no more than 15 percent on car insurance.
Percentage spent on clothing
Experts recommend spending no more than 8 percent of your income on clothing monthly.
Percentage spent on groceries and dining out:
Experts say you should aim for 18 percent of your income on total food expenses.
Percentage spent on entertainment:
Experts say you should aim for 5 percent of your income on total recreational expenses.
Don't forget to save.
Experts say you should try to save 10 percent of your income. In your case, this is:
$
Data: College Board Budget Worksheet for Graduates


© 2006 The Washington Post Company