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Budget Chart for Financial Planning and Debt Reduction
 

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Financial Worksheet: Taking a Snap Shot of Your Current Financial Situation

In your journey to financial freedom, and peace, you will need to determine your current monthly income, expenses, debts and assets

By Brian Kluth, pastor, natl-intl generosity speaker, author & radio commentator (www.kluth.org)

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MAXIMUM Generosity
Brian Kluth
5201 Pinon Valley
Colo Springs, CO 80919
Cell: 719-930-4000   Email: bk@kluth.org               Web: www.kluth.org

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In order to intelligently and wisely make sense out of your financial matters, you will need to go through your check book(s) and financial records and determine as accurately as you can your AVERAGE MONTHLY INCOME & EXPENSES -- when no financial records are available for a specific category, please get input from each spouse to determine an estimated amount as accurately as possible.

CATEGORIES

AMOUNTS FROM CHECK BOOK(S) & FINANCIAL RECORDS

Totals:

 Monthly Avg (based on 12 months)

Salary

 

 

 

Salary

 

 

 

Rental Income

 

 

 

Interest/Invest. Income

 

 

 

Other:_____________

 

 

 

Other:_____________ 

 

 

 

Other:_____________ 

 

 

 

  TOTAL INCOME(S)

 

 

 

Church Giving

 

 

 

Christian Ministries

 

 

 

Nonprofit Organizations

 

 

 

  TOTAL GIVING

 

 

 

State Taxes

 

 

 

Federal Income Taxes

 

 

 

Social Security

 

 

 

  TOTAL TAXES

 

 

 

Subtotal: Giving/Taxes

 

 

 

To determine your "NET SPENDABLE INCOME", take your total income and subtract your GIVING and TAXES.   The www.Crown.org  “Budget Guideline” showing % budget guidelines are based on these amounts.

 

 

Rent or Mortgage

 

 

 

Insurance

 

 

 

Taxes

 

 

 

Electricity

 

 

 

Gas

 

 

 

Water

 

 

 

Telephone

 

 

 

Maintenance

 

 

 

Furnishings/Furniture

 

 

 

  TOTAL HOUSING

 

 

 

Groceries/Hshld Items

 

 

 

  TOTAL FOOD/HSHLD

 

 

 

Payments

 

 

 

Gas & oil

 

 

 

Insurance

 

 

 

Licenses - Auto Club

 

 

 

Maintenance/Repair

 

 

 

  TOTAL AUTO

 

 

 

Life

 

 

 

Medical

 

 

 

Other/s:

 

 

 

  TOTAL INSURANCE

 

 

 

Credit Cards

 

 

 

Loans & notes

 

 

 

Other/s:

 

 

 

  TOTAL DEBTS

 

 

 

Eating Out

 

 

 

Trips

 

 

 

Baby sitters

 

 

 

Sports/Activ/Lessons

 

 

 

Vacation

 

 

 

Other

 

 

 

  TOTAL ENTER/REC

 

 

 

Man's Clothing

 

 

 

Woman's Clothing

 

 

 

Child(ren)'s Clothing

 

 

 

  TOTAL CLOTHING

 

 

 

Doctor

 

 

 

Dentist

 

 

 

Drugs

 

 

 

Counseling or _____

 

 

 

  TOTAL MEDICAL

 

 

 

Savings

 

 

 

Investments

 

 

 

Retirement

 

 

 

  TOTAL SAV/INV/RET

 

 

 

Toiletries/Cosmetics

 

 

 

Beauty/Barber

 

 

 

Laundry/Cleaning

 

 

 

Allowances

 

 

 

Lunches

 

 

 

Subscrip/Books/Music

 

 

 

Gift giving

 

 

 

Schooling

 

 

 

Spending money

 

 

 

Pets or _________

 

 

 

Other:

 

 

 

  TOTAL MISC

 

 

 

TOTAL AMOUNTS:

 TOTAL CURRENT EXPENSES

 TOTAL CURRENT INCOME

 

 

 

PLUS OR MINUS

 

 

 

  DEBTS

List each person or creditor you owe (for car payments, house payments, medical bills, charge cards, family members, friends, consolidation loans, etc.)

CREDITORS

BORROWED MONEY USED FOR:

TOTAL BALANCE DUE:

 MONTHLY PAYMENT:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

List all cash and physical assets you own (savings accounts, investments, house/s, automobile/s, land, sporting or recreational equipment over $100 in value, electronic goods over $300 in value, tools over $100 in value, etc.)

DESCRIPTION:

APPROX. PURCHASE PRICE:

YEAR ACQUIRED:

 CURRENT MARKET VALUE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  ANTICIPATED EXPENSES

List any non-budget expenses you know or feel may come up in the next 1-12 months (major car repair, car replacement, long distance trip/s, medical expenditures, furniture, appliances, major house repairs/projects, entertainment/recreation purchases, schooling costs, etc.)

ITEMS:

 ESTIMATED COST(S):

 TIME/MONTH CASH NEEDED:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ABOUT THE AUTHOR: Brian Kluth is a national and international speaker and writer on Biblical generosity and financial matters.  He is also a church pastor and the founder of MAXIMUM Generosity, a public ministry dedicated to advancing Biblical generosity through inspirational preaching, leadership training seminars, writing, resources and the media.  Brian’s written materials have been distributed to more than 350,000 Christian leaders in more than 100 countries .For additional materials or to contact Brian, email: bk@kluth.org or visit: www.kluth.org

© www.kluth.org.  Copyright reprint permission for non-commercial purposes can be purchased for $20 to photocopy, fax, email or print this materials for 1-25 people, $50 for distribution to 26-500 people, $75 for 501-999 people, and $100 for distribution to 1000 or more.   To purchase the required reprint permission, go to the products page on this website (www.kluth.org), call 1-888-443-7407, or email: bk@kluth.org     

 

 "MAXIMUM Generosity" -  21st Century Biblical Generosity Resources and Training ( www.kluth.org )

Home

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Financial Counseling

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BIBLICAL GENEROSITY RESOURCES FOR: Pastors   Denominations  Church Ldrs  Individuals  Fundraisers   Mags/Webs/Media

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