Budget Plan | Teen Finance Tips
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General Information (Setup A)
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NameJerry Spender
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Date Started1/1/2018
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Starting Savings Balance$1,500.00
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Weekly Spending Allowance$125.00
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InstructionsGoals (Setup B)
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This budget tool can help you easily calculate how much you should save each time you get paid, help you track your savings goals, and track your expenses. Intended for use at the end of each pay period.

Setup
A: Complete "General Information" (All Fields)
B: Set a few "Goals". Your general savings should be one, others can be big purchases, upcoming travel plans, big events, etc.

Each Pay
Step 1: Complete "Income" (Job Name, Job 2 (if applicable), and Amount Earned)
Step 2: Complete "Expenses" - List all expenses such as bills or other debts that will be paid from now to your next pay.
Step 3: Enter your "Remaining Cash" (from last pay) into the "Pay Period Calculation"
Step 4: Deposit your "Save Amount" into your savings account at your bank or credit union
Step 5: Determine what you're saving for - distribute your "Save Amount" among your goals and log them in the next tab: "Savings Log"

Step 6: Monitor and adjust. If you're constantly short of your total save goal, consider scaling back your goals. If you're constantly able to save more, consider increasing your savings or making another goal!
Goal Name
Start DateTarget DateDays Until
Target Date
Amount RequiredAmount SavedAmount NeededNeed to Save
per Week
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SAVINGS ACCOUNT1/1/20181/1/2019-79$5,000.00$2,090.03$2,909.97$2,909.97
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Trip to DisneyLand2/3/20183/10/2019-11$1,000.00$301.74$698.26$698.26
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New Car5/1/20181/1/2019-79$3,500.00$508.48$2,991.52$2,991.52
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Birthday Present for Mom5/13/201811/15/2018-126$75.00$75.00$0.00$0.00
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Please Set Goal$0.00$0.00Please Set Goal
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Please Set Goal$0.00$0.00Please Set Goal
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Please Set Goal$0.00$0.00Please Set Goal
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Please Set Goal$0.00$0.00Please Set Goal
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Please Set Goal$0.00$0.00Please Set Goal
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Please Set Goal$0.00$0.00Please Set Goal
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Please Set Goal$0.00$0.00Please Set Goal
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Please Set Goal$0.00$0.00Please Set Goal
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Total save per week to accomplish ALL listed goals$6,599.75
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Expenses (Step 2)Pay Period Calculation (Step 3)
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Income (Step 1)Expense NameMonthly CostDeposit Period
(Since Last Deposit)
2 Weeks
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Job NameCall CenterCell Phone$60.00
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Pay Period2 WeeksMusic App$5.00Earned$1,050.00
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Amount Earned (one period)$900.00Car Payment$270.00Remaining Cash$15.00
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Balance$1,065.00
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Job 2Mowing Lawns
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Pay Period1 WeekExpenses$154.62
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Amount Earned (one period)$75.00Spending Allowance$250.00
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Total Income Per Week$525.00Save Amount (Step 4)$660.38
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Monthly Pre-tax Income$2,275.00Left Over After All Goals-$12,539.11
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Annual Pre-tax Income$27,300.00Expenses Total$335.00
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