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Money Masterplan Worksheet - Personal Finances
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Income
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Use take-home pay for income. (What comes in to your checking account?)
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AmountQuestionAnswerThings to Consider/Helpful Tips
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PaycheckDo you get paid monthly, bi-weekly, or on set days each month? Please list the date if known.If your income fluctuates dramatically, you can leave it blank, and we'll discuss during your meeting. If you receive 2 checks per month, list each check. If you and a spouse each receive 2 paychecks, list 4 checks.
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PaycheckIf you take draws or paychecks from your biz are they on a set schedule? Randomly? Are the amounts consistent, or do they fluctuate?
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PaycheckIn the "Answer" column, please list any deductions (besides taxes) and monthly amounts that are taken from your paychecks. You can find this information on your paystubs.
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Paycheck
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Other (Child Support, Rental Income, etc. - Any number of things possible!)
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OtherIf you receive a quarterly/annual bonus or some other type of extra income, put the yearly amount divided by 12 in the "Amount" column, but please include details about frequency and range of amounts you typically in the "Answer" column.
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Other
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TOTAL INCOME0.00
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Expenses
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Use monthly figures for all expenses.
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Do your best to estimate the monthly amount. For example, if you pay $1,200 annually for insurance, type “$100” on the worksheet.
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Find the answer by looking at a recent bill/statement, reviewing your bank activity, or using the “Things to Consider” on the right.
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Housing Expenses
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AmountQuestionAnswerThings to Consider/Helpful Tips
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Mortgage or RentWhat is the principal balance and interest rate?Principle balance:
Interest rate: 		Include balance and interest rate in "Answer" column; estimates are okay.
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2nd Mortgage or Line of CreditInclude balance and interest rate in "Answer" column; estimates are okay.
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Property TaxesAre these included in the mortgage? If not, are these paid monthly, quarterly, annually, or something else?Leave blank if taxes and insurance are included in your mortgage payment.
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HO/Renter's InsuranceIs this included in the mortgage? If not, are these paid monthly, quarterly, annually, or something else?Leave blank if taxes and insurance are included in your mortgage payment.
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Homeowner's Association How often do you pay? Monthly? Quarterly? Something else?
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Home Warranty
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Home Repairs/MaintenanceEstimate this - i.e. $600/year is $50/month.
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ElectricityWhat are the highs/lows of the ranges of this bill?This probably fluctuates; provide an estimated average in the "Amount" column.
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Gas/PropaneWhat are the highs/lows of the ranges of this bill?This probably fluctuates; provide an estimated average in the "Amount" column.
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Water
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Sewer
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Trash/Recycling
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Cell PhonesHow many phones/devices are on your plan?
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Pest Control
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LandscapingIs this monthly? Or is it an occasional or seasonal expense?
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Pool ServiceIs this monthly? Or is it an occasional or seasonal expense?
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Security/Alarm
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Total Housing0.00
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Transportation Expenses
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AmountQuestionAnswerThings to Consider/Helpful Tips
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Car Payment 1What is the year, make, and model of each vehicle you own (paid in full or are currently paying on)? What is the remaining balance and interest rate?Year/Make/Model:
Remaining balance:
Interest rate:
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Car Payment 2What is the year, make, and model of each vehicle you own (paid in full or are currently paying on)? What is the remaining balance and interest rate?Year/Make/Model:
Remaining balance:
Interest rate:
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Gas/FuelThink of how often you fill up and the cost each time. Once per week for $60 would be $240 each month.
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Repairs/MaintenanceOil changes, brakes, tires, etc. Estimate this - i.e. $600/year is $50/month.
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RegistrationWhat month is this bill due?Divide your annual bill by 12.
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InsuranceDo you pay insurance monthly, quarterly, annually, or something else?If you pay quarterly, divide by 3. If semi-annually, divide by 6.
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Total Transportation0.00
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Household Expenses
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AmountQuestionAnswerThings to Consider/Helpful Tips
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GroceriesThis is oftentimes hard to determine. Think about how often you you visit a store each week, and multiply by 4 to get a monthly figure.
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Toiletries/HouseholdToilet paper, cleaning products, etc.
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ChildcareBabysitting, day care, etc.
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Total Household0.00
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Health and Medical Expenses
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If you use a Flex Spending account or Health Savings account to pay for medical expenses, leave blank.
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AmountQuestionAnswerThings to Consider/Helpful Tips
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Medical, Dental, Vision PremiumsLeave "Amount" blank if you pay for these out of your paycheck.
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Medical Expenses, CoPaysThroughout the year, how much do you spend on copays, office visits, dental work, etc? Divide by 12.
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PrescriptionsDo you have any prescriptions or vitamins you get refilled on a monthly basis?
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Chiropractor
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Massages
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Life InsuranceIs this paid monthly, quarterly, annually, or something else?Leave "Amount" blank if you pay for these out of your paycheck.
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Disability InsuranceLeave "Amount" blank if you pay for these out of your paycheck.
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Supplemental InsuranceLeave "Amount" blank if you pay for these out of your paycheck.
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Total Health and Medical0.00
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Savings Contributions
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For savings, put the balance of your savings accounts in the “Answer” column. If any contributions come directly out of your paycheck, put those details in the "Answer" column.
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Monthly ContributionQuestionAnswerThings to Consider/Helpful Tips
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Emergency FundEven if you aren't currently contributing, do you have an emergency fund savings? If so, how much is in it?Balance:
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Miscellaneous SavingsCurrent balance of any other savings?Balance: Does your bank require a small transfer to a savings account each month?
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Stocks/Bonds/Mutual FundsCurrent balance of any stocks/bonds/mutual funds?Balance: Do you contribute to retirement outside of work?
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College FundDo you have a college fund started? Current balance?Balance: Do you contribute to a college fund on a regular basis?
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401(k), 403(b), or IRAEven if you aren't currently contributing to your 401(k), 403(b), or IRA, do you have any money in them? If so, how much is in it?Balance:
Monthly contribution if coming from paycheck: 		Do not include amounts coming out of your paycheck in the "Monthly Contribution" column.
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401(k), 403(b), or IRAEven if you aren't currently contributing to your 401(k), 403(b), or IRA, do you have any money in them? If so, how much is in it?Balance:
Monthly contribution if coming from paycheck: 		Do not include amounts coming out of your paycheck in the "Monthly Contribution" column.
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Total Savings0.00
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Debt Payments
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For debts, put the amount you typically pay each month in the "Monthly Payment" column. Include the balance, interest rate, and minimum payment in the “Answer" column.
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If you have a credit card you regularly pay off and almost never carry a balance on, put $0 for the "Monthly Payment" column, put $0 for the balance in the "Answer" column, but be sure to factor the expenses you put on that card in other categories elsewhere on this worksheet.
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Monthly PaymentQuestionAnswerThings to Consider/Helpful Tips
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Credit Card 1What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Credit Card 2What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Credit Card 3What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Credit Card 4What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Credit Card 5What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Student Loan 1What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Student Loan 2What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Student Loan 3What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Student Loan 4What is the remaining balance, interest rate, and minimum monthly payment?Remaining balance:
Interest rate:
Minimum monthly payment:
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Other Loans/ObligationsPayments to family, IRS, or other obligation, etc.
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Total Debt Payments0.00
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Miscellaneous Expenses
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AmountQuestionAnswerThings to Consider/Helpful Tips
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Streaming (Netflix/Hulu+/Disney+, etc.)