Credit.orgSpringboard

BUDGETING 101

Springboard FIT Academy

Start right now

Borrowing

Use cash, not credit

Relax

Credit.orgSpringboard

Part 2

Budgeting 101

Track your

spending

Borrowing

Use cash, not credit

Trackeverything

Spending categories

Spending categories

Spending categories

Spending categories

Spending categories

Credit.orgSpringboard

BUDGETING 101

Springboard FIT Academy

Credit.orgSpringboard

Part 3

Budgeting 101

Calculate your

income

Paycheck planning

Monthly Income Source

JobSpouse’s JobPart-Time JobRental, Room & Board ReceivedCommissions, BonusesTax RefundGovernment BenefitsChild Support/AlimonySupport from Family/FriendsPersonal Loans CollectedOtherTotal Monthly Income

Paycheck planning

GARAGESALE

For Sale

$

Credit.orgSpringboard

Part 4

Budgeting 101

SettingGoals

x

Short-term

Mid-term

Long-term

Financial Goal

Amount Needed

Target Date

# of Pay Periods Until Due Date

Savings NeededPer Pay Period

A new car

$14,400

36 months

72

$200

Financial Goal

Amount Needed

Target Date

# of Pay Periods Until Due Date

Savings NeededPer Pay Period

A new car

$14,400

48 months

96

$150

Credit.orgSpringboard

Part 5

Budgeting 101

Add it upTotal expensesDebt paymentsGoals

Total monthly expenses:

++

=

Add it up BalanceTotal monthly income

Total monthlyexpenses

Balance (x/-)

-=

Necessary Expenses Current ProposedHousing Rent/Mortgage 2nd MortgageProperty TaxesInsuranceHOA DuesGas/ElectricityWater/Sewer/TrashTelephoneFood Groceries Dining OutAt work/schoolInsurance LifeHealth/DentalDisabilityMedical CareDoctorOptometrist/LensesDentalPrescriptionsTransportationCar Payment 1Car Payment 2InsuranceGas/oilRepairsDMV/SmogTolls/ParkingPublic TransportationChild CareDaycare/SittingChild Support/AlimonyMiscellaneousBanking FeesLaundryOtherIncome TaxesPrior YearEstimated Tax PaymentsSavingsEmergencyGoalsTotal Essential Expenses

Necessaryexpenses

Discretionary Expenses Current Proposed Personal Beauty/Barber Clothing/JewelryCosmetics Manicure/Other Entertainment Cable Movie/Video Dining Out Sports/Hobbies/Clubs Vacations/Travel Books/Magazines MP3/Concerts MiscellaneousPet Care/Vet Gifts Cell Phone Postage Cigarettes/Alcohol Donations/Tithing Internet Access OtherTotal Discretionary Expenses:

Discretionary

expenses

How yourspending

should look

35- 45%

15%-25%

8%-15%

10%-20%

8%-15%

3%-5%

How yourspending

should look

5%-10%

5%-10%

10%-20%

ASS

OCIATION OF INDEPENDENT

CO

NSU

MER CREDIT COUNSELIN

G AG

ENC

IES

NATIONAL HOUSING CO U N S E L I N G A S S O CIAT I

ON

TM

BBB™

HUD Approved

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