Annual Budget Tracker
Annual Budget Tracker
Prepared By: [YOUR NAME]
Date: January 1, 2050
I. Income
In this section, you will detail all sources of income for the year. It is crucial to accurately estimate your income to create a realistic budget. Consider including all forms of income such as salaries, bonuses, freelance work, investments, and any side jobs.
|
Source |
Amount |
|---|---|
|
Salary |
$60,000 |
|
Bonuses |
$5,000 |
|
Freelance Income |
$8,000 |
|
Investment Income |
$2,000 |
|
Other Income |
$1,000 |
|
Total Income |
$76,000 |
II. Fixed Expenses
Fixed expenses are those costs that remain constant throughout the year. This can include rent or mortgage payments, insurance, and fixed subscriptions. Be sure to track these closely to ensure they don’t exceed your budget.
|
Expense |
Amount |
|---|---|
|
Rent/Mortgage |
$14,400 |
|
Insurance |
$3,600 |
|
Subscriptions |
$1,200 |
|
Loan Payments |
$4,800 |
|
Utilities |
$1,800 |
|
Total Fixed Expenses |
$25,800 |
III. Variable Expenses
Variable expenses can change month to month and often include groceries, dining out, and entertainment. Estimating these costs accurately can help you understand where you can adjust your spending.
|
Expense |
Amount |
|---|---|
|
Groceries |
$4,800 |
|
Dining Out |
$2,400 |
|
Entertainment |
$1,800 |
|
Transportation |
$3,000 |
|
Miscellaneous |
$1,200 |
|
Total Variable Expenses |
$13,200 |
IV. Savings Goals
This section is dedicated to tracking your savings objectives for the year. Setting clear goals will help motivate you to save more effectively.
|
Goal |
Amount |
|---|---|
|
Emergency Fund |
$5,000 |
|
Retirement Savings |
$6,000 |
|
Travel Fund |
$2,000 |
|
Education Fund |
$3,000 |
|
Other Savings |
$1,000 |
|
Total Savings Goals |
$17,000 |
V. Summary
The summary section provides an overview of your financial situation by comparing total income against total expenses and savings. This helps in assessing whether you are on track to meet your financial goals.
|
Description |
Amount |
|---|---|
|
Total Income |
$76,000 |
|
Total Expenses |
$39,000 |
|
Total Savings |
$17,000 |
|
Final Balance |
$20,000 |
