12 Month Budget Example

Name Clark Willford

Section

$ per/hr

Doug Murdock Daniel Hart

PT Hours

Ryan Boyd

Income Calculations
PT Salary FT Hours

FT Salary Aug Salary

Todd
Melanie
Total

Income
Gross Combined Income
Combined Take Home Pay

May

Expenses
Tithing and Contributions
Car Payment
Mortgage 1st
Mortgage 2nd
Food
Lessons
Laundry
Dry Cleaning
Gifts
Life Insurance
Medical Insurance
Car Insurance
Internet
Cable
Utilities
Home Phone
Cell Phone
Gas
Bowling League
News Paper
Misc.
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Gas Credit Card
Medical Bill

Surplus / (Deficit)

Jun

Jul

Aug

Oct

Nov

Dec

Jan

Feb

Mar

Apr

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$650.00
$200.00

$1,149.00
$582.82

$1,149.00
$582.82

$1,149.00 $1,149.00
$582.82
$582.82

$1,149.00
$582.82

$1,149.00
$582.82

$1,149.00
$582.82

$1,149.00
$582.82

$1,149.00
$582.82

$1,149.00
$582.82

$1,149.00
$582.82

$1,149.00
$582.82

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$450.00
$155.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$15.00
$70.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$200.00
$120.00
$25.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$95.00
$275.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$75.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$170.00
$85.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$35.00
$30.00

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$158.00
$34.67

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$274.37
$280.85

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

$92.72
$65.07

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

-$272.50

Total Savings/(Debt)
Will they have a Surplus
at the end of the 12 months?
a. Yes
b. No 1. No. They are incurring a $272.50 deficit monthly.
Based on their projected budge
2. Cut $50 out of food. Replace Cable with Netflix.

3.

Sep

Total

12 Month Budget Example

Name
Section

$ per/hr

PT Hours

Income Calculations
PT Salary FT Hours

FT Salary

Aug Salary

Mr. Hopeful
Mrs. Hopeful
Total

Income
Gross Combined Income
Combined Take Home Pay

May

Expenses
Tithing and Contributions
Car Payment
Mortgage 1st
Mortgage 2nd
Food
Lessons
Laundry
Dry Cleaning
Life Insurance
Medical Insurance
Car Insurance
Internet
Netflix
Utilities
Cell Phone
Gas
Misc.
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Gas Credit Card
Medical Bill
Total Spending
Surplus / (Deficit)

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$200.00
$1,149.00

$200.00
$1,149.00

$200.00
$200.00
$1,149.00 $1,149.00

$200.00
$1,149.00

$200.00
$1,149.00

$200.00
$1,149.00

$200.00
$1,149.00

$200.00
$1,149.00

$200.00
$1,149.00

$200.00
$1,149.00

$200.00
$1,149.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$582.82
$365.00

$155.00

$155.00

$155.00

$155.00

$155.00

$155.00

$155.00

$155.00

$155.00

$155.00

$155.00

$155.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$30.00
$20.00

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

$70.00
$200.00
$120.00
$25.00
$8.50
$225.00
$85.00
$150.00
$20.00
$158.00
$34.67
$274.37
$280.85
$92.72
$65.07

-$4,961.00 -$4,961.00
$189.00
$189.00

-$4,961.00 -$4,961.00 -$4,961.00 -$4,961.00 -$4,961.00 -$4,961.00 -$4,961.00 -$4,961.00

$189.00
$189.00
$189.00
$189.00
$189.00
$189.00
$189.00
$189.00

Total

-$4,961.00 -$4,961.00
$189.00
$189.00

Total Savings/(Debt)
Will they have a Surplus
at the end of the 12 months?
a. Yes
b. No 1. No. They are incurring a $272.50 deficit monthly.
Based on their projected budg
2. Cut $50 out of food. Replace Cable with Netflix. No Newspaper. No Homephone. No Bowling League. Spend only $20 on Misc. No more buying gifts. (cut 50$ on
Utlities)-- switch to solar, Unplug appliances when done, turn off lights, use less heating and cooling, shorter showers. Spend $20 less on gas. Cut on food by $35.

3.