Creating A Personal Budget

At the bottom of this page, you will find a simple monthly budget worksheet that you can use to help you create your own personal monthly budget.

However, there are many sources for advice about creating and fine tuning your personal monthly budget. Here are two useful sites:

Carmen Wong Ulrich is the popular host of CNBC's "On the Money." She is a personal finance expert and author of "Generation Debt." One very useful tool can be found on Carmen's blog at CNBC. Based on your monthly income (after taxes), this online tool suggests how much you should be budgeting for various categories of monthly expenses.
> Budget Calculator
Two very useful web pages for creating your personal budget can be found here:
> Monthly Budget Worksheet
> Steps Towards Creating (and sticking to) A Monthly Budget

Monthly Budget Calculator

Fill out the simplified monthly budget calculator below to determine where your budget may need to be adjusted.

Monthly Income after taxes
Enter all sources of monthly income:
Monthly Expenses
Monthly Rent or Mortgage:
Utilities (Electic/Tel/Gas):
Medical Insurance:
Student Loans:
Groceries / Dining Out:
Monthly Savings Goal:
Clothing:
Child Care:
Transportation:
Medical Expenses:
Other insurance:
Misc Expenses:
Entertainment:
Other loan and CC payments:
 
Surplus or Shortfall: