Budget Sheet: Plan before you use your money without budgetingBudget Sheet1: Monthly Income Income is the total sum of everything your household earns. It can come from the salary of a steady job or work you do on the side. You:Monthly Salary (after tax ): Husband/Wife:Monthly Salary (after tax): Total Income(A): 2:Monthly Expenses(B1) Expenses are everything that you spend your money on each month. Expenses on your monthly budget sheet can include: Rent/Mortgage/bond: Municipal bills(water, electricity, rates and taxes): Food(Cooking at home): Clothing and shoes(avarage expenditure): Toiletries: Medical/prescriptions: Taxi/bus/petrol: Domestic Salaries: Plumber/Electrician-Home maintenance: Credit/charge card payments: Car loan repayment: Personal loan repayment/overdraft fees: Bank Charges for ATM/card/account usage: School fees: Creche/day care: Celll phone/ Airtime: Telephone bill/internet data cost: Charity/church contributions: Entertainment (including eating out, movies, sports events, etc...): 2.1:Expenses you should have(B2) Medical aid: Life insurance: Funeral Insurance: 2.2:Other Expenses(B3) Other Expenses: Total Expenses(B): 3:Savings We always stress the importance of putting money aside for the future. Pay yourself first. Set aside a percentage of your monthly income and save it from the start, before paying all obligations. You can save a paricular goal like the purchase of a new washing machine, rather than buying one on credit at a high interest rates, or you can save for a rainy day', so that you are better prepared for lifes downtime, emergencies and unforeseen obligations. You can save for inverstment. After your savings exceed a certain amount, your financial institution or banker can advise on options for higher interest products or returns on commercial inverstments that can help your money earn money. Savings: The left over at month-end:
