Expense Balance Sheet
Prepared by: [Your Name]
Monthly Income
The total amount of income expected for the month, including salary, bonuses, and any other sources of revenue.
Fixed Expenses
Expenses that remain constant each month and are necessary for daily living.
Mortgage/Rent: $1,200
Utilities (Electricity, Water, Gas): $150
Internet & Phone: $100
Insurance (Health, Car, Home): $250
Monthly Subscriptions (Streaming, Fitness): $50
Total Fixed Expenses: $1,750
Variable Expenses
Monthly expenditures that can fluctuate based on usage, lifestyle, and choices.
Savings & Investments
Allocations of income for future use or financial growth, including accounts and stocks.
Emergency Fund Contribution: $300
Retirement Account Contribution: $400
Stock Investments: $200
Total Savings & Investments: $900
Total Monthly Expenses
Summation of all monthly expenses, including fixed and variable costs.
Fixed Expenses + Variable Expenses = Total Monthly Expenses
Total Monthly Expenses: $2,580
Balance Overview
Calculation of remaining balance after all expenses have been deducted from income.
Total Monthly Income - Total Monthly Expenses - Savings & Investments = Balance
Remaining Monthly Balance: $1,220
Financial Goals
Aim to increase savings and reduce unnecessary spending to further improve financial health and achieve desired objectives.
Reduce Dining Out to $100
Increase Emergency Fund Contribution to $400
Review and minimize subscriptions
