Budget Planner Example

Budget Planner Example

The planner's purpose is to show you just how much you are spending, on what, and where opportunities exist to make savings. You might be amazed, for instance, at how much you spend on magazines, tobacco and alcohol. If you cut back on these items, you could probably save yourself hundreds of dollars. Or maybe you could save by not going to the hairdresser so often.

The planner will tell you if you have earned more than you spent, of if you have spent more than you earned. If you have spent more than you earned you will either have to reduce your spending - and now you will have a better idea how to - or you will have to generate more income. On the other hand, if you have earned more than you spent, do something sensible with these savings by putting them into, say, shares, property, managed funds, superannuation, a savings account with no card access, or your mortgage. It's important to get rid of unspent money this way before you learn how to spend it - which never takes long.

 

Money Budget Planner

 

HOME Week Year
Mortgage Repayments    
Rent    
Local Council Rates    
Water Rates    
Electricity    
Gas    
Telephone/Internet    
Maintenance - Repairs    
Furniture    
Appliances    
Hire Purchase    
Rentals    
Other    
 
MOTOR VEHICLE Week Year
Registration    
Petrol    
Repairs - Maintenance    
Lease or Loan Payments    
Other    
 
FOOD Week Year
Groceries - Milk, Bread    
Meat    
Alcohol    
Cigarettes/Tobacco    
Eating Out - Restaurants    
EXPENSES SUB TOTAL  
INSURANCE Week Year
House    
Health Insurance    
Home Contents    
Motor Vehicle    
Income Protection    
Death Cover    
Other    
 
FAMILY EXPENSES Week Year
School Fees    
Child Care    
School Costs    
Pets    
Sporting Activities    
Public Transport    
Subscriptions/Memberships    
Newspapers and Magazines    
Clothing    
Gifts    
Personal Care    
Hairdresser - Barber    
Holidays - Travel    
Entertainment    
EXPENSES SUB TOTAL  
HEALTH Week Year
Medical Bills    
Dental Bills    
Medicines    
Other    
 
OTHER FINANCE Week Year
Loan Repayments    
Store Cards - Lay-bys    
Credit Cards    
Superannuation    
Professional Fees    
Donations    
Other    
EXPENSES SUB TOTAL  
INCOME
Your After-tax Income  
Spouse's After-tax Income  
After-tax Income From Savings Accounts  
Other  
TOTAL INCOME  
LESS YOUR TOTAL EXPENSES  
YOUR SAVINGS