Personal Finance Datasheet Format
Personal Finance Datasheet Format
Title: Personal Finance Datasheet: Budgeting
Date Created: 09/05/2024
Prepared By: [Your Name]
I. Monthly Budget Overview
Month: January 2050
|
Category |
Budgeted Amount |
Actual Amount |
Difference |
|---|---|---|---|
|
Income |
|||
|
Salary |
$5,000 |
$5,200 |
+$200 |
|
Bonuses |
$200 |
$250 |
+$50 |
|
Other Income |
$100 |
$80 |
-$20 |
|
Total Income |
$5,300 |
$5,530 |
+$230 |
|
Category |
Budgeted Amount |
Actual Amount |
Difference |
|---|---|---|---|
|
Expenses |
|||
|
Rent/Mortgage |
$1,200 |
$1,200 |
$0 |
|
Utilities |
$150 |
$140 |
-$10 |
|
Groceries |
$400 |
$420 |
+$20 |
|
Transportation |
$200 |
$180 |
-$20 |
|
Entertainment |
$100 |
$120 |
+$20 |
|
Healthcare |
$150 |
$160 |
+$10 |
|
Insurance |
$300 |
$300 |
$0 |
|
Savings/Investments |
$500 |
$500 |
$0 |
|
Other Expenses |
$100 |
$90 |
-$10 |
|
Total Expenses |
$3,100 |
$3,110 |
+$10 |
|
Net Income |
$2,200 |
$2,420 |
+$220 |
II. Yearly Budget Overview
Year: 2050
|
Category |
Budgeted Amount |
Actual Amount |
Difference |
|---|---|---|---|
|
Income |
|||
|
Salary |
$60,000 |
$62,000 |
+$2,000 |
|
Bonuses |
$2,400 |
$2,500 |
+$100 |
|
Other Income |
$1,200 |
$1,000 |
-$200 |
|
Total Income |
$63,600 |
$65,500 |
+$1,900 |
|
Category |
Budgeted Amount |
Actual Amount |
Difference |
|---|---|---|---|
|
Expenses |
|||
|
Rent/Mortgage |
$14,400 |
$14,400 |
$0 |
|
Utilities |
$1,800 |
$1,700 |
-$100 |
|
Groceries |
$4,800 |
$4,900 |
+$100 |
|
Transportation |
$2,400 |
$2,200 |
-$200 |
|
Entertainment |
$1,200 |
$1,400 |
+$200 |
|
Healthcare |
$1,800 |
$1,900 |
+$100 |
|
Insurance |
$3,600 |
$3,600 |
$0 |
|
Savings/Investments |
$6,000 |
$6,000 |
$0 |
|
Other Expenses |
$1,200 |
$1,100 |
-$100 |
|
Total Expenses |
$37,200 |
$37,300 |
+$100 |
|
Net Income |
$26,400 |
$28,200 |
+$1,800 |
III. Expense Categories Breakdown
|
Category |
Description |
Monthly Budget |
Yearly Budget |
|---|---|---|---|
|
Rent/Mortgage |
Monthly rent or mortgage payments. |
$1,200 |
$14,400 |
|
Utilities |
Electricity, water, gas, etc. |
$150 |
$1,800 |
|
Groceries |
Food and household supplies. |
$400 |
$4,800 |
|
Transportation |
Public transport, fuel, car maintenance. |
$200 |
$2,400 |
|
Entertainment |
Dining out, movies, hobbies, etc. |
$100 |
$1,200 |
|
Healthcare |
Medical bills, insurance premiums. |
$150 |
$1,800 |
|
Insurance |
Various insurance premiums (e.g., health, auto). |
$300 |
$3,600 |
|
Savings/Investments |
Savings deposits, retirement contributions. |
$500 |
$6,000 |
|
Other Expenses |
Miscellaneous expenses. |
$100 |
$1,200 |
IV. Budget Summary
Month: January 2050
-
Total Income: $5,530
-
Total Expenses: $3,110
-
Net Income: $2,420
Year: 2050
-
Total Income: $65,500
-
Total Expenses: $37,300
-
Net Income: $28,200
V. Budget Variance Analysis
|
Month |
Budgeted Income |
Actual Income |
Budgeted Expenses |
Actual Expenses |
Variance (Income) |
Variance (Expenses) |
|---|---|---|---|---|---|---|
|
January 2050 |
$5,300 |
$5,530 |
$3,100 |
$3,110 |
+$230 |
+$10 |
|
February 2050 |
$5,300 |
$3,100 |
||||
|
... |
||||||
|
December 2050 |
$5,300 |
$3,100 |
VI. Notes and Observations
-
January 2050: Exceeded grocery budget by $20. Consider meal planning to reduce costs.
VII. Action Plan for Adjustments
-
Category: Groceries
-
Issue: Exceeded budget by $20
-
Action: Plan weekly meal menus to avoid unplanned grocery shopping and reduce spending.
-
