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 spending compare bringing income. ce shock you, nr kept track spending habits. Let’s started.

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

You create worksheet divides yr spending io categories.

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

Figure total income total expenses tn subtract expenses income ts yr financial bm line.

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