Monthly Income and Expenses Comparison |
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This worksheet gives you your bottom line. It
lets you know how you’re doing financially by identifying
whether your income is greater than your expenses or the
other way around.
Write down your total monthly income from the Monthly Income worksheet |
$ |
Write down your total monthly expenses, including savings, from the Monthly Expenses worksheet |
$ |
Subtract expenses from income and write the amount here |
$ |
Do you find money remaining at the end of the month? Congratulations! If you take advantage of this extra money by putting it into an investment or savings account, you will be even further ahead.
If your expenses are greater than your income, however, don’t get discouraged. Move on to the next section, “How to Stick to Your Spending Plan.” It will give you plenty of ideas to help you get your income and expenses in line. |
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