Print out this form and use it to track your family expenses. List all monthly expenses and divide them into the following categories. Fixed Expenses are those items where payment amounts can not be varied or adjusted.
|Monthly Fixed Expenses||Amount|
|Real Estate Taxes||$|
|Car Loan / Lease Payments||$|
|Alimony / Child Support||$|
|Credit Card Payment|
(total from other sheet)
Many times Flexible Expenses are necessary items, but what sets them apart is that you usually have control over how much money you spend on these items. Depending upon your particular circumstance, you may find a few of these items may fall in the Fixed category.
|Monthly Flexible Expenses||Current Amount||Adjusted to balance Income|
|Gas / Oil / Fuel Bills||$||$|
|Water / Sewer / Maintenance Bills||$||$|
|Tuition / School Supplies||$||$|
|Dry Cleaning / Laundry Service||$||$|
|Doctors / Dental / Medicine||$||$|
Discretionary Expenses are items that are not necessary for survival. If your expense to income ratio is out of balance and you are spending more money than you earn, items from this category should be eliminated or cut back.
|Monthly Discretionary Expenses||Current Amount||Adjusted to Balance Income|
|Movies / Plays / Sports||$||$|
|Clubs / Hobbies||$||$|
|Barber / Beauty Shops||$||$|
If you’re having trouble managing credit card debt, we can help. Talk to a trained credit counsellor to find solutions that will work for your budget.