Budget worksheet

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Monthly income

Income source

Adult 1

Adult 2

 

Salary/benefits (net)

 

 

 

Income from Investments

 

 

 

Family allowance

 

 

 

Child tax benefit

 

 

 

Other (rental income, etc.)

 

 

 

Subtotal 1

+

+

=

Irregular or annual income

 

Tax refund

 

 

 

Bonus

 

 

 

Other

 

 

 

Subtotal 2

+

+

=

Total income

Add Subtotal 1 and 2

=

Total monthly expenses

Expense

Adults

Children

 

Housing

 

Rent/mortgage

 

 

 

Hydro

 

 

 

Heat

 

 

 

Telephone, Internet, cable

 

 

 

Municipal and school taxes

 

 

 

Insurance

 

 

 

Interior and exterior decor

 

 

 

Repairs/maintenance (plumbing, etc.)

 

 

 

Miscellaneous

 

 

 

Subtotal 3

+

+

=

Food

 

Groceries

 

 

 

Convenience stores

 

 

 

Restaurant meals/take-out

 

 

 

Meals at work or school

 

 

 

Other (receptions, etc.)

 

 

 

Subtotal 4

+

+

=

Clothing

 

Clothes purchases

 

 

 

Care (washing, dry cleaning, etc.

 

 

 

Other

 

 

 

Subtotal 5

+

+

=

Healthcare

 

Dentist

 

 

 

Optometrist

 

 

 

Medication (prescriptions)

 

 

 

Drug store

 

 

 

Other

 

 

 

Subtotal 6

+

+

=

Transportation

 

Public transit

 

 

 

Taxis

 

 

 

Subtotal 7

+

+

=

Car

 

Fuel

 

 

 

Maintenance/repairs

 

 

 

Insurance

 

 

 

Registration

 

 

 

Driver's licence

 

 

 

Parking

 

 

 

Other

 

 

 

Subtotal 8

+

+

=

Recreation/education

 

Newspapers/magazines

 

 

 

Books, CDs, DVDs

 

 

 

Lotteries

 

 

 

Courses

 

 

 

Sports

 

 

 

Outings

 

 

 

Vacations

 

 

 

Games, toys,bicycles, etc.

 

 

 

Other

 

 

 

Subtotal 9

+

+

=

Other expenses

 

Cellular telephone

 

 

 

Pets

 

 

 

Life insurance

 

 

 

Personal expenses (hair cuts, etc.)

 

 

 

Alimony/child support

 

 

 

Childcare

 

 

 

Children's allowances

 

 

 

Gifts

 

 

 

Other (donations, bank charges, etc.)

 

 

 

RRSP

 

 

 

Savings

 

 

 

Contingency amount

 

 

 

Personal allowances

 

 

 

Tobacco/alcohol

 

 

 

Subtotal 10

+

+

=

Payments to creditors

 

Credit card(s)

 

 

 

Car(s)

 

 

 

Loan(s)

 

 

 

Other

 

 

 

Subtotal 11

+

+

=

Total expenses

Sum of the subtotals

 

Summary

Total income

+

Total expenses

-

Surplus/deficit