Expense Balance Sheet
Prepared by: [Your Name]
Monthly Income
The total amount of income expected for the month, including salary, bonuses, and any other sources of revenue.
Salary: $4,000
Freelance Work: $500
Investment Returns: $200
Total Monthly Income: $4,700
Fixed Expenses
Expenses that remain constant each month and are necessary for daily living.
Mortgage/Rent: $1,200
Utilities (Electricity, Water, Gas): $150
Internet & Phone: $100
Insurance (Health, Car, Home): $250
Monthly Subscriptions (Streaming, Fitness): $50
Total Fixed Expenses: $1,750
Variable Expenses
Monthly expenditures that can fluctuate based on usage, lifestyle, and choices.
Groceries: $300
Transportation: $200
Dining Out: $150
Entertainment: $100
Clothing: $80
Total Variable Expenses: $830
Savings & Investments
Allocations of income for future use or financial growth, including accounts and stocks.
Emergency Fund Contribution: $300
Retirement Account Contribution: $400
Stock Investments: $200
Total Savings & Investments: $900
Total Monthly Expenses
Summation of all monthly expenses, including fixed and variable costs.
Fixed Expenses + Variable Expenses = Total Monthly Expenses
Total Monthly Expenses: $2,580
Balance Overview
Calculation of remaining balance after all expenses have been deducted from income.
Total Monthly Income - Total Monthly Expenses - Savings & Investments = Balance
Remaining Monthly Balance: $1,220
Financial Goals
Aim to increase savings and reduce unnecessary spending to further improve financial health and achieve desired objectives.
Reduce Dining Out to $100
Increase Emergency Fund Contribution to $400
Review and minimize subscriptions
Templates
Expense
Templates
