An Overview of Your Current Financial Picture
Spreadsheet courtesy of MoneyWise: a division of the Care Network at North Point Ministries
Monthly Comments
estimate MONTHLY amount for each line item
Family Income (Monthly Gross)
His Income (gross - before taxes) $0
Her Income (gross - before taxes) $0
Alimony and/or Child Support Income $0
Rental/Investment/Other Income $0
Additional Income Required $0
========
TOTAL FAMILY INCOME $0
Tithe to Church & Giving ACTUAL = 10% = TARGET
Tithe to Church $0
Donations to Schools $0
Other Charitable Cash Donations $0
========
subtotal $0 versus $0 TARGET
BALANCE $0
Savings/Investments - Tithe to Ourself ACTUAL = 10% = TARGET
Balance
Emergency/Savings Account $0
401-K, 403b, SEP-IRA, etc. $0 <<< do not include company match
Traditional IRAs, Roth IRAs $0
College Savings $0
Investment Accounts $0
========
subtotal $0 versus $0 TARGET
BALANCE $0
Taxes ACTUAL = 16% = TARGET
Federal Taxes 6.35% $0 <<< use actual amount from pay stub
State Income Taxes 2.00% $0 <<< use actual amount from pay stub
Social Security Tax 6.20% $0
Monthly Comments
estimate MONTHLY amount for each line item
Medicare Tax 1.45% $0
========
subtotal $0 versus $0 TARGET
BALANCE $0
Monthly Comments
estimate MONTHLY amount for each line item
Eliminate Debt ACTUAL = 0% = TARGET
^^^ If you have this expense, the percentage shown
must be deducted from other budget categories
Balance Interest
Debt Elimination Plan Payment = $0
IRS $0
Credit Card #1 $0
Credit Card #2 $0
Credit Card #3 $0
Best Buy, Macy's, etc. $0
Furniture Loan $0
Car Loan #1, Balance/Interest Enter Payments In Auto #1 Value
Car Loan #2, Balance/Interest Transportation Section Auto #2 Value
Student Loan $0
Family Loan Obligations $0
Friend Loan Obligations $0
Business Loan Obligations $0
Other $0
========
subtotal $0 versus $0 TARGET
BALANCE $0
ORIGINAL DEBT = $0 <<< manually enter initial total debt
PRESENT DEBT = $0
IMPROVEMENT = $0
Monthly Obligations (NEEDS)
Housing Needs ACTUAL = 31% = TARGET
Balance Interest House Value =
First Mortgage $0
Second Mortgage $0
Property (County) Tax $0 <<< may be part of home mortgage
City Tax (if applicable) $0
Home/Apartment Rent $0
Homeowners Dues $0
Home/Renters Insurance $0 <<< may be part of home mortgage
Base Phone Bill $0
Long Distance $0
Power: Electricity & Gas $0
Water, Sewage, & Garbage $0
Home Repairs $0
========
subtotal $0 versus $0 TARGET
Monthly Comments
estimate MONTHLY amount for each line item
Transportation Needs ACTUAL = 9% = TARGET
Car Payment #1 $0
Car Payment #2 $0
Auto registration-tag/advalorem $0
Auto Insurance $0
Gas for Auto $0
Auto Repairs $0
========
subtotal $0 versus $0 TARGET
Insurance Needs ACTUAL = 5% = TARGET
Health Insurance $0
Life Insurance $0
Dental & Vision Insurance $0
Disability Insurance $0
Long Term Care Insurance $0
Umbrella Insurance $0
========
subtotal $0 versus $0 TARGET
Food & Household Needs ACTUAL = 12% = TARGET
Food, Hygiene, Staple Items $0
Food (school lunches) $0
========
subtotal $0 versus $0 TARGET
Health Needs ACTUAL = 2% = TARGET
Medicine & Medical Expenses $0
Dental Expenses $0
Chiropractor $0
Counselor $0
========
subtotal $0 versus $0 TARGET
Personal Needs ACTUAL = 0% = TARGET
^^^ If you have this expense, the percentage shown
must be deducted from other budget categories
Alimony/Child Support Payment $0
Child Care, Day Care $0
School Tuition & Uniforms $0
School (books, activities, etc.) $0
Postage $0
Banking Fees $0
========
subtotal $0 versus $0 TARGET
Total for NEEDS Section $0
BALANCE $0
Monthly Comments
estimate MONTHLY amount for each line item
Monthly Comments
estimate MONTHLY amount for each line item
Spending (WANTS) ACTUAL = 5% = TARGET
^^^ You can increase this % as long your MARGIN is
Personal Wants positive while meeting your tithe and savings goals
Beauty & Haircuts (nails) $0
car washes $0
cellular phone $0
clothing purchases $0
dry cleaning & laundry $0
gifts, birthdays/Christmas/etc. $0
pets (food and care) $0
film & photo develop/framing $0
sports, hobbies, memberships $0
tax preparation $0
Miscellaneous $0
========
subtotal $0
Housing Wants
home furnishings $0
house cleaning $0
landscape/lawn maintenance $0
pest control $0
security system $0
Miscellaneous $0
========
subtotal $0
Entertainment Wants
books, magazines, newspaper $0
cable TV $0
camps for kids, kids activities $0
dates/eating out/entertainment $0
internet $0
alcohol, lottery, tobacco $0
school extracurricular trips $0
vacations, trips $0
Miscellaneous $0
========
subtotal $0
Total for WANTS Section $0 versus $0 TARGET
MARGIN $0
