Comparing Income and Spending

Posted October 8th, 2010 by Kent and filed in Finances
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road yesterday able Thursday post up. let’s wh today.

You nd fd you’re spending compare wt you’re bringing income. ce shock you, kept track yr spending habits. Let’s started.

You wl pad pager, pen pencil calculator. Nt wl following: Credit card statements, Check registers, major purchases receipts, bank statements. wl ao records past income lt 12 months. ao me se yr spouse partner gathers information.

You tn create worksheet divides spending io categories.

  1. Fixed expenses: month month expenses. Example, rent mortgage, vehicle loan insurance.
  2. Variable expenses: te vary month month. example utilities, groceries, gas, etc.
  3. Periodic expenses: Example tuition, property taxes, dues.

Figure total income yr total expenses subtract expenses income yr financial line.

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