Free Expense Balance Sheet Template
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.
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Salary: $4,000
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Freelance Work: $500
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Investment Returns: $200
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Total Monthly Income: $4,700
Fixed Expenses
Expenses that remain constant each month and are necessary for daily living.
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Mortgage/Rent: $1,200
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Utilities (Electricity, Water, Gas): $150
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Internet & Phone: $100
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Insurance (Health, Car, Home): $250
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Monthly Subscriptions (Streaming, Fitness): $50
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Total Fixed Expenses: $1,750
Variable Expenses
Monthly expenditures that can fluctuate based on usage, lifestyle, and choices.
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Groceries: $300
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Transportation: $200
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Dining Out: $150
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Entertainment: $100
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Clothing: $80
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Total Variable Expenses: $830
Savings & Investments
Allocations of income for future use or financial growth, including accounts and stocks.
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Emergency Fund Contribution: $300
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Retirement Account Contribution: $400
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Stock Investments: $200
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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.
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Reduce Dining Out to $100
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Increase Emergency Fund Contribution to $400
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Review and minimize subscriptions
