Monthly Income and Expense Worksheet

After you determine your overall financial condition (net worth), the next step is to analyze your monthly cash flow. This will show you which direction you are headed—whether you are accumulating money, holding steady or going further into debt. Use the form below to examine your monthly income and expenses.

Monthly Income and Expense Worksheet
Adjusted Monthly Income
Initial take-home pay
Total
    
 
Wages/salary (net after taxes and deductions) 
      
 
Other income (net after taxes and deductions) 
      
     
 
    
Post-tithe income
 
All tithes 
      
 
Subtract all tithes from total take-home pay: 
 
    
Monthly Expenses
Additional charitable giving
Total
% of post-tithe income
Recom-mended %*
 
Offerings 
      
 
Other charities 
      
 
Personal assistance 
      
     
 
 
0.5-5%
Savings
 
Emergency 
      
 
Retirement 
      
 
Higher education 
      
 
Investments 
      
 
General/other 
      
     
 
 
5-11%
Housing
 
Rent or mortgage(s), including private mortgage insurance 
      
 
Real estate taxes 
      
 
Homeowner's inurance 
      
 
Home association dues 
      
 
Repairs/maintenance 
      
 
Furnishings/equipment 
      
 
Household needs 
      
 
Other 
      
     
 
 
28-39%
Utilities
 
Electricity 
      
 
Gas 
      
 
Water/sewer 
      
 
Trash 
      
 
Home phone 
      
 
Cell phone 
      
 
Cable/satellite TV 
      
     
 
 
5-11%
Food
 
Groceries 
      
 
School/work lunches 
      
 
Restaurants 
      
     
 
 
5-17%
Transportation
 
Car payments/replacement 
      
 
Auto insurance 
      
 
License/taxes 
      
 
Gas/oil 
      
 
Maintenance 
      
 
Parking/tolls 
      
 
Bus/train/fare 
      
     
 
 
11-17%
Clothing
 
Adult's clothes 
      
 
Children's clothes 
      
 
Accessories 
      
 
Laundry/dry cleaning 
      
     
 
 
2-8%
Health care and wellness
 
Health insurance 
      
 
Disability insurance 
      
 
Doctors/caregivers 
      
 
Dentists 
      
 
Prescriptions 
      
 
Nonprescription medications 
      
 
Health products 
      
 
Gym membership 
      
 
Fitness classes 
      
 
Other 
      
     
 
 
5-11%
Personal
 
Life insurance 
      
 
Child care 
      
 
Alimony/child support 
      
 
Toiletries 
      
 
Cosmetics 
      
 
Hair care 
      
 
Adult education 
      
 
Children's tuition 
      
 
School supplies 
      
 
Subscriptions 
      
 
Organization memberships 
      
 
Gifts 
      
 
Misc. 
      
 
Spending money 
      
     
 
 
5-11%
Recreation
 
Entertainment 
      
 
Vacation/travel 
      
 
Other 
      
     
 
 
5-11%
Debt repayment
 
Bank/personal loans 
      
 
Credit cards 
      
 
Student loans 
      
 
Other 
      
     
 
 
5-11%**
Total monthly expenses (add all the above expenses) 
 
 
100%
Monthly surplus or deficit (monthly post-tithe income minus expenses) 
 
   
 
*The recommended percentages are adjusted from common recommendations by assuming tithes have already been deducted.
**When debt is repaid, its percentage should shift to savings, eventually putting savings at 10-22%.

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What advice does the BibleThe books (Greek, "biblia" ) that are acknowledged as canonical (authoritative) by the early Christian Church. It includes both the books of the ancient Hebrew prophets and those of the apostolic witnesses to Jesus Christ. offer about wealth and our attitude toward it? Is money really the root of all evil? Do you know what God thinks about bankruptucy? What does the BibleThe books (Greek, "biblia" ) that are acknowledged as canonical (authoritative) by the early Christian Church. It includes both the books of the ancient Hebrew prophets and those of the apostolic witnesses to Jesus Christ. say about charitable contributions? How much should we give? Be sure to read this booklet to discover biblical answers to these important questions and more.

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