Personal Budget Plan
Prepared by: [YOUR NAME]
Date: [DATE]
I. Overview
This Personal Budget Plan is designed to help me track my income and expenses every month. By diligently following this plan, I aim to ensure financial stability and achieve my financial goals.
II. Income
Source | Amount ($) |
|---|
Salary | 4000 |
Freelance Income | 500 |
Other Income | 100 |
Total | 4600 |
III. Fixed Expenses
Expense | Amount ($) |
|---|
Rent/Mortgage | 1200 |
Utilities | 150 |
Insurance | 100 |
Transportation | 200 |
Debt Payments | 300 |
Other | 200 |
Total | 2150 |
IV. Variable Expenses
Expense | Amount ($) |
|---|
Groceries | 300 |
Dining Out | 200 |
Entertainment | 100 |
Shopping | 150 |
Healthcare | 50 |
Miscellaneous | 100 |
Total | 900 |
V. Savings and Investments
Account | Amount ($) |
|---|
Emergency Fund | 500 |
Retirement Fund | 300 |
Other Goals | 200 |
Total | 1000 |
VI. Financial Goals
Short-Term Goals (0-1 year):
Medium-Term Goals (1-5 years):
Long-Term Goals (5+ years):
VII. Budget Summary
VIII. Action Plan
Review and adjust the budget monthly.
Identify and eliminate unnecessary expenses.
Increase savings and investment contributions as income grows.
Monitor progress towards financial goals regularly.
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