2022 AFBA Financial Planning Guide

BUDGET WORKSHEET (Continued) EXPENSE ITEMS (Continued)

Source of Expense

Preliminary

Revised

Revised

Utilities For: __________________________________________________________ For: __________________________________________________________ For: __________________________________________________________ Loans/Credit Cards For: __________________________________________________________ For: __________________________________________________________ For: __________________________________________________________ Insurance Premiums (Home, Life, Health, Car) For: __________________________________________________________ For: __________________________________________________________ For: __________________________________________________________ For: __________________________________________________________ Allowances For: Food ................................................................................................... Clothing ............................................................................................. Medical .............................................................................................. Savings .............................................................................................. Taxes (Income, Property) For: __________________________________________________________ For: __________________________________________________________

$_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________

$_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________

$_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________

$_____________ $_____________

TOTAL FIXED EXPENSES: $_____________

VARIABLE EXPENSES Personal Allowances For: Husband ............................................................................................ Wife .................................................................................................... Children ............................................................................................. Entertainment/Recreation . .................................................................. Household Expenses/Repairs . ............................................................ Other Expenses (Explain) For: __________________________________________________________ For: __________________________________________________________ For: __________________________________________________________

$_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________ $_____________

TOTAL VARIABLE EXPENSES: $_____________

$_____________

$_____________

TOTAL EXPENSES (Fixed + Variable) $_____________

$_____________

$_____________

INCOME/EXPENSE SUMMARY: TOTAL INCOME (from previous page) ................................................

$_____________

$_____________

$_____________

LESS TOTAL EXPENSES (from above) ................................................

$_____________

$_____________

$_____________

SURPLUS (Deficit) .................................................................................

$_____________

$_____________

$_____________

CHAPTER 8: PRINCIPLES OF FINANCIAL PLANNING

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