Budgeting

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Editable Household Budget Form in Microsoft Word Format Click here to download a Microsoft Word version of the document shown below.   Be sure to keep a backup or printout of this document in safe keeping as it will contain important and confidential information.   See How to get organized for recommended ways to keep track of bills, investments, and data.

Household Budget

Name
Date

Monthly Income

Income	Company, Phone, Account#	Avg. $/mo
Wages and Bonuses for each family member
Interest Income
Pension Income
Social Security Income
Investment Income
Miscellaneous Income
Deductions		Avg. $/mo
Federal Income Tax		(-)
State and Local Income Tax		(-)
Social Security/Medicare Tax		(-)
Total Spendable Income

Monthly Expenses

Note: Add "(Auto)" to the amount in the right column if paid by Automatic transfer.

Mortgage and Loans	Lending Company, Phone, Website, Account#	Avg. $/mo
Mortgage / Rent
Second Mortgage
Car Loan
Credit Card #1
Credit Card #2
Credit Card #3
Student Loan(s)
Medical Bills
Home Expenses	Vendor / Contractor, Phone, Purchase#	Avg. $/mo
Home Repairs / Maintenance
Furniture
Appliances
Lawn / Garden
Exterminator
Plumber
Home Security System & Monitoring Fees
House Cleaning Service
HOA	HOA Treasurer, Address, Phone	Avg. $/mo
Home Owner's Association Dues
Utilities	Utility Company, Phone, Website, Account#	Avg. $/mo
Electricity (Air conditioning)
Water / Sewer
Trash / Sanitation
Natural Gas / Oil (Heating)
Land-line phone, long distance
Cell phone(s)
Cable TV, Satellite
Netflix, Hulu Plus, Crunchyroll, etc...
High-speed Internet
Property Taxes and Fees	County Treasurer, Phone, Website, Property#	Avg. $/mo
Real estate taxes
Car/boat taxes and fees
Food	Establishment(s), Phone	Avg. $/mo
Groceries (Breakfast, Lunch, Dinner, and Snacks)
Restaurant expenses (Breakfast, Lunch, Dinner, Snacks, Beverages, Coffee, Bar expenses)
Entertaining Guests
Children	Vendor, Phone	Avg. $/mo
Clothing
Day Care, Babysitting
School tuition, lunch, supplies
Lessons, Tutors
Activities
Toys / Games
College tuition, lodging, books
Legal Obligations	Court, Phone, Case#	Avg. $/mo
Alimony / Child Support
Attorney Fees
Insurance Premiums (Health, Life, Dental, Vision, Disability, and HSA are often packaged within your company's benefit plan)	Insurance Company, Agent, Phone, Website, Policy#, Beneficiaries, Amount of Coverage, Amount of Deductible Adjusting deductible and coverages can often save money and create a safer coverage.	Avg. $/mo
Health / Medical
Life
Dental
Vision
Disability
Health Savings Account (HSA) Contribution
Supplemental
Auto
Homeowners / Renters
Health	Provider, Vendor, Phone, Website	Avg. $/mo
Medicine / Drugs
Unreimbursed Medical Expenses (Copays, Cosmetic surgery, Cord blood storage, etc.)
Unreimbursed Dental Expenses, Copays
Memberships / Clubs	Club name, Phone, Website, Member ID#	Avg. $/mo
Fitness (Yoga, Massage, Gym & Sport Health Club Memberships)
Transportation	Lending Company, Phone, Website, Account#	Avg. $/mo
Gasoline
Auto Repairs / Maintenance / Fees / Oil changes / Tires
Tolls, Bus, Subway, Taxis
Entertainment and Recreation	Vendor, Phone, Website, Items	Avg. $/mo
DVDs, Books
Newspaper / Magazine / Public television subscriptions
Music / CDs
Computer Expense
Hobbies
Games
Club Dues
Movies / Theatre
Concerts / Shows
Sports games
Pets	Vendor, Phone, Items	Avg. $/mo
Food, Grooming, Boarding, Veterinarians, Pet Medicines
Education	School, Phone, Classes	Avg. $/mo
Tuition, Books & Fees
Association Fees
Home Busines Expenses	Vendor, Phone, Website, Account#	Avg. $/mo
Business Cards
Domain Name
WebSite Hosting
Travel and Vacation Expenses	Travel Agent, Phone, Account#	Avg. $/mo
Lodging, Airfare, Cruise, event, attraction tickets, Car Rental, Taxis, Gasoline, airport parking, travel insurance, souvenirs
Gift Expenses	Store, Phone, Items	Avg. $/mo
Birthday, Anniversary
Christmas, Valentines
Contributions to Savings and Investments	Financial Institution, Phone, Website, Account#, Login ID	Avg. $/mo
401(K) contributions (at least to company match)
Roth IRA
Traditional IRA
College 529 Fund contributions
Stocks / Bonds / Mutual Funds Treasury Bonds
Savings Accounts contributions
Emergency Fund contribution
Daily Living	Vendor, Phone#, Account#	Avg. $/mo
Clothing
Toiletries, Household Products
Haircuts / Nail treatments
Cosmetics, Sundries, Make-up, Other
Donations	Organization, Phone, Items donated (deductable)	Avg. $/mo
Charitable Donations
Religious Donations
Total

Monthy Budget Summary

Total	Avg. $/mo
Spendable Income
Total Expenses
Net (+ or -)

Children's College Budget

Investment	Financial Institution, Phone, Website, Account#, Login ID, Beneficiaries	Est. Cash Value
College 529 Fund
Other College Savings
Total
Year that child(ren) will start college		20____
Estimated Cost of College (See Student Aid)

Financial Advisor

Advisor	Financial Advisor, Phone, Email, Address, Website, Login ID
Advisor #1
Advisor #2

401K Tracking

Company where you worked (and phone number)	Start Date & End Date	Financial Institution Managing 401K Plan
1)
2)
3)
4)
5)

Oftentimes your "accumulated balance" will include company match amounts that are contingent on your years of service.   If you have left the company and are not fully vested, you will forfeit the non-vested part of the balance when rolling over from one 401K to another.

Company Retirement Plans

Company where you worked	Company, Phone, Website, Account#, Login ID	Est. Cash Value
1)
2)
3)
Total

IRA Tax Deductions

Try to put $5000 each year into a Roth or Traditional IRA, see Taxes (Reduce your Taxes).  Keep track of the following:

Tax Year	Type of IRA (Roth or Traditional)	IRA Name and Account Number	Amount Contributed
2010
2011
2012
2013
2014

Retirement Savings Calculator (See also Investing and Retirement Planning)

The amount you will need to save each year to have enough for retirement can be calculated below.  This is an inflation adjusted calculation that assumes an average rate of inflation and puts everything in today's dollars.  Enter the requested values and press the "Re Calculate" button.

Retirement Savings Calculator
Your Current Annual Income:	$
Percent of Annual Income you will need for Spending in Retirement (65% of today's annual salary recommended):	%
Annual Amount Needed for Spending During Retirement:	$52000
Number of Years of retirement (years after age 65):	years
Return on Investments during retirement (percent above inflation), 2% above inflation recommended:	%
Amount Needed for Retirement:	$850275
Enter Your Current Retirement Savings as of Today:	$
How old are you?, Age = ?	years
Number of Investing (Working) Years before retirement (age 65), i.e. 65 minus your current age:	25 years
Return on Investments during working years (percent above inflation), 3.5% above inflation recommended:	%
Amount you need to save each year until age 65 to reach a goal of $850275	$15763

Current Assets and Retirement Budget (See also Investing and Retirement Planning)

Your current assets should ALWAYS include enough available money (an emergency fund) to survive for 8 months if you should encounter unexpected hard times.

Investment	Financial Institution, Phone, Website, Account#, Login ID, (Investment performance %change last 12 months), Beneficiaries	Est. Cash Value
401(K)
401(K)
401(K)
401(K)
IRA (Roth)
IRA (Traditional)
IRA
Stock(s)
Stock(s)
Mutual Fund(s)
Mutual Fund(s)
Checking Account(s)
Savings Account(s)
Equity in Real Estate	(See www.Zillow.com for the estimated value of your house.)
Equity in Car(s)/Boat(s)/etc.
Emergency Funds (home/car repair, etc...)
Certificate of Deposit - CDs	Bank, Phone, Website, Account#, Login ID, Interest Rate, Initial Balance, Purchase Date, Maturity Date	Est. Cash Value
CD #1
CD #2
CD #3
Bonds	Bond Type, Interest Rate, Initial Balance, Purchase Date, Maturity Date, www.TreasuryDirect.gov	Est. Cash Value
Treasury Bond #1
Treasury Bond #2
Total

Current Debt (as of today)

Type of Debt	Interest Rate %	Lending Company, Phone, Website, Account#, Login ID	Remaining Principle ($)
Mortgage
2nd Mortgage
Student Loan(s)
Car Loan(s)
Credit Card #1
Credit Card #2
Credit Card #3
Total

Current Net Retirement Savings / Net Worth (as of today)

Total Assets (+)	+ _________
Total Debt	- __________
Net Savings (+ or -)
Year you plan to retire (age 67 perhaps)

List of Items Stored in Off-site Secure Location (Safety Deposit Box)

Off-site Secure Location
Name of Bank where you have your Safety Deposit Box
Safety Deposit Box Number
Location of Key to Safety Deposit Box
Items stored at this location
	Flash drive containing electronic documents (tax returns, digital photographs, this document, digital photos of house contents for insurance purposes)
	Certificate of Deposit paperwork, Legal documents (Power of Attorney, Divorce, Parenting Agreement), Mortgage Release, Home Owners Insurance