SAMPLE
PERSONAL BUDGET - TEACHING AND LEARNING HOUSEHOLD BUDGET
WORKSHEET TEMPLATE FORM PLAN MONEY SAVING STRATEGY HOME PRACTICAL ADVICE
FREE IDEAS FAMILY EDUCATION
Use
the sample budget to help create your own budget
worksheet.
SAMPLE MONTHLY HOUSEHOLD BUDGET
Below is a sample
monthly budget. A budget
may be used to help you manage your money. It is
an estimate of your income and expenses
over a period of time.
By creating and using a
monthly budget, you can get a better
idea of where you spend your money,
to whom you owe money, and how much.
It will help you focus on saving
more, so you may reach your
financial goals.
SAMPLE BUDGET
This budget example
has two categories, income
and expenses. Income
includes money earned, including
wages. Expenses includes items
you spend your money on, including
rent and food.
The sample also has
three columns, the first column,
Monthly Budget Amount, is the
budget estimate for the month.
The next column, Actual Amount,
is the actual income and expenses
for the month. The final
column, Difference, is the
difference between the estimate and
the actual budget (column 1 minus
column 2).
MONTHLY BUDGET
Category
Monthly Budget
Amount
Actual Amount
Difference
INCOME:
Wages/Income
$872
$810
$62
Interest Income
$232
$196
$36
INCOME SUBTOTAL
$1,104
$1,006
$98
EXPENSES:
Taxes
$386
$397
($11)
Rent/Mortgage
$298
$239
$59
Utilities
$99
$95
$4
Groceries/Food
$121
$100
$21
Clothing
$66
$60
$6
Shopping
$55
$46
$9
Entertainment
$44
$44
$0
Miscellaneous/Other
$35
$31
$4
EXPENSES SUBTOTAL
$1,104
$1,012
$92
NET INCOME (Income -
Expenses)
$0
($6)
Note that in this budget, the actual income and expenses were
both below the budget estimate (Monthly Budget Amount). Also, the person
spent slightly more ($6) than they earned for the month. They may need to
cut their expenses next month, unless they receive higher income. We would
recommend that they add an additional row called 'savings' where they can budget
for saving money every month.
For additional related material for
teaching and learning about budgeting money, please see the following:
BUDGET LESSONS
Use these lessons to teach basic budgeting concepts. For teaching and
learning household budgeting.
To learn money skills, personal finance, and money
management, please go to the Money
Instructor home page.
Learning to use a sample budget
planning free article
Sheet -
Teachers High School Students -
Secondary education - Adults -
Special Education - Teens -
Teenagers - Kids - Children - Help
Practical Curriculum Theme -
Thematic Unit - Middle School - Young
Adults - Classroom - Consumer Math
Saving
Use
the sample budget to help create your own budget
worksheet.
To learn money skills, personal finance, and money
management, please go to the