How to Use the Income and Expense Tracking Worksheet

1 The days of any month (1-31) are listed vertically in the column along the left side.
2 Fill in the month in the 2nd column
3 Record daily spending under the appropriate categories.
4 Use receipts to update your spreadsheet each week.
5 Estimate how much you will need to spend each year on "hidden costs" at the bottom of the spreadsheet. Include this in your monthly budget.
6 Totals at the bottom of the spreadsheet tell you how much you are spending in each category.
7 Totals on the far right let you know how much you spend daily.
8 Total monthly expenses appear in the bottom right corner.
9 Sources of net monthly income are entered on the left, under the spreadsheet.
10 Other sources of income should be entered to the right.
11 As you enter your income and expenses, your balance will be automatically calculated in the bottom right corner.
12 To streamline the process it is OK to estimate the amount of income you will receive every month. That way youll have a good idea of how your spending relates to your income every time you record your expenses.
13 Be sure to use your bank statement at the end of every month to correct any income amount that may be different from the estimate you made.
Estimate how much you will need to spend each year on "hidden costs" at the bottom of the spreadsheet. Include this in your monthly budget.
Totals at the bottom of the spreadsheet tell you how much you are spending in each category.
As you enter your income and expenses, your balance will be automatically calculated in the bottom right corner.
To streamline the process it is OK to estimate the amount of income you will receive every month. That way youll have a good idea of how your spending relates to your income every time you record your expenses.
Be sure to use your bank statement at the end of every month to correct any income amount that may be different from the estimate you made.
To streamline the process it is OK to estimate the amount of income you will receive every month. That way youll have a good idea of how your spending relates to your income every time you record your expenses.
Date
NOTES FOR
__________ (month)
Housing Utilities
Groceries/
Household
Supplies
Snacks/
Eating
out
Medical Transportation Child Care Insurance Clothing
My
Hidden
Costs
$_____
Charity
Unsecured
Debt -
Credit
Cards, etc.
Savings/
Investmen
t
Personal/
Leisure
All
Other
1 $0.00
2 $0.00
3 $0.00
4 $0.00
5 $0.00
6 $0.00
7 $0.00
8 $0.00
9 $0.00
10 $0.00
11 $0.00
12 $0.00
13 $0.00
14 $0.00
15 $0.00
16 $0.00
17 $0.00
18 $0.00
19 $0.00
20 $0.00
21 $0.00
22 $0.00
23 $0.00
24 $0.00
25 $0.00
26 $0.00
27 $0.00
28 $0.00
29 $0.00
30 $0.00
31 $0.00
Total $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Monthly Income: Amount Amount
WORK/STUDY $0.00
JOB $0.00
HOME $0.00
TRANSFERS
ANY OTHER
Other Income:
SOURCES OF MONTHLY NET INCOME:
**A (negative) number means OVERSPENT
Total Net Income
Subtract TOTAL EXPENSES THIS MONTH (total of all columns above)
A positive number means DISCRETIONARY INCOME
OTHER #1