Comprehensive-Household-Spending-Plan-v1_4

	A	B	C	D	E	F	G	H	I	K
1	name	Comprehensive Household Spending Plan v1.4						date
2	Income	1		Monthly net/take-home income for the household, all sources.					1	$ 4,530.62
3	Pay yourself first	2		Designated monthly surplus for use toward financial goals including retirement savings and additional debt payments.					2	$ 100.00
4	Reserve for non-monthly expenses	3	a	Property/estimated tax payments (annual total).	3	a			This is the amount you'll need to save in reserve each month in order to cover your non-monthly, non-discretionary expenses.
5			b	Auto / home / life / health insurance (if not paid monthly).	3	b
6			c	Home maintenance and upkeep (annual average).	3	c
7	(Enter annual amounts)		d	Auto maintenance/replacement (annual average).	3	d	$ 1,736.00
8	(Enter annual amounts)		e	Medical/pet care (annual average).	3	e	$ 600.00
9			f	Other non-monthly, non-discretionary expenses.	3	f
10		4		Add lines 3a through 3f for an annual subtotal.	4		$ 2,336.00
11		5		Divide line 4 by the number 12 for monthly non-discretionary reserve savings.					5	$ 194.67
12		6	a	Holidays/birthdays/gifts (annual total).	6	a	$ 400.00
13			b	Vacation/travel (annual average).	6	b	$ 180.00		This is the amount you'll need to save in reserve each month in order to cover your non-monthly, discretionary expenses.
14			c	Dues/subscriptions (if not paid monthly).	6	c	$ 120.00
15			d	Education/enrichment/recreation (annually).	6	d	$ 150.00
16			e	Personal property replacement (annual average).	6	e	$ 1,800.00
17			f	Clothing (annual average).	6	f	$ 1,300.00
18			g	Other non-monthly, discretionary expenses.	6	g	$ 1,500.00
19		7		Add lines 6a through 6g for an annual subtotal.	7		$ 5,450.00
20		8		Divide line 7 by the number 12 for monthly discretionary reserve savings.					8	$ 454.17
21	Monthly obligations	9		Minimum debt payments (total of minimums only)					9	$ 803.00
22		10		Alimony/child support.					10	$ 400.00
23		11		Charity/pledges/tithe.					11
24		12		Add lines 9, 10, and 11. This is your total monthly obligations.					12	$ 1,203.00
25	Monthly bills	13		Housing (rent, mortgage, HOA).					13
26		14		Utilities (electric, gas, water, sewer, trash).					14
27		15		Telephone/mobile phone service.					15	$ 213.00
28		16		Internet.					16
29		17		Television/entertainment.					17
30		18		Auto / home / life / health insurance (paid monthly).					18	$ 267.00
31		19		Child care.					19
32		20		Other monthly bills (dues, fee, subscriptions).					20	$ 30.00
33		21		Add lines 13 through 20. This is your total monthly bills.					21	$ 510.00
34	Monthly household discretionary spending	22		Food/dining.					22	$ 380.00
35		23		Auto fuel/transportation.					23	$ 217.00
36		24		Fun/entertainment.					24
37		25		Other (personal, beauty, vices, miscellaneous).					25	$ 30.00
38		26		Add lines 22 through 25. This is your monthly discretionary spending.					26	$ 627.00
39	Total expenses	27		Add lines 5, 8, 12, 21, and 26. This is your average monthly spending.					27	$ 2,988.83
40	Total expenses	28		Add line 2 to line 27. This is your average monthly expenses.					28	$ 3,088.83
41	Unallocated spending	29		Subtract line 28 from line 1. If negative, enter zero. This is the additional amount you can save and/or spend each month.					29	$ 1,441.79
42	Amount to cut	30		If line 28 is greater than line 1, subtract line 1 from line 28. This is the monthly amount to cut from spending.					30
43	© 2017 by Dylan L. Ross. This work is made available under the terms of the Creative Commons Attribution-ShareAlike 3.0 license, http://creativecommons.org/licenses/by-sa/3.0/.