Sample Budget

Sample Budget

Sample Budget

Saving is easy when you learn how to track and manage your budget.  Use the sample below to help identify and manage your expenses, and prepare for your future.  Once you know where your money is going, you can begin to analyze your expenses and find ways to cut back. When you’ve reviewed your expenses, the next step is to look at how much you can begin saving, which will then be included in your overall budget.

Income                                                  Expected               Actual                     Difference

Take-home pay                                     $________           $________           $________
(you + spouse)
Dividends, interest,                             $________           $________           $________
capital gains
Other income                                       $________           $________           $________
Total Income (A)                                   $________           $________           $________

Fixed Expenses                                     Expected               Actual                     Difference

Savings                                                   $________           $________           $________
Mortgage/rent                                     $________           $________           $________
Property taxes                                      $________           $________           $________
Insurance                                              $________           $________           $________
Auto loan/lease                                    $________           $________           $________
Child Education                                    $________           $________           $________

Other Expenses                                   Expected               Actual                     Difference

Groceries                                              $________           $________           $________
Utilities                                                   $________           $________           $________
Telephone                                             $________           $________           $________
Internet/cable                                      $________           $________           $________
Repairs/upkeep                                   $________           $________           $________
Credit cards/loans                               $________           $________           $________
Doctor/Dentist/Rx                               $________           $________           $________
Transportation                                      $________           $________           $________
Clothes/laundry                                   $________           $________           $________
Other                                                     $________           $________           $________

Discretionary Expenses                      Expected               Actual                     Difference

Entertainment                                      $________           $________           $________
Sports/pastimes                                   $________           $________           $________
Books/magazines                                 $________           $________           $________
Charitable contributions                     $________           $________           $________
Birthday/holiday                                  $________           $________           $________
Vacation                                                 $________           $________           $________
Furniture/household                          $________           $________           $________
Pocket money                                      $________           $________           $________
Other                                                     $________           $________           $________
Total Expenses (B)                                $________           $________           $________

Total extra cash you

can add to savings                                $________           $________           $________

(A minus B)

This information is not to be used as investment advice, but for informational purposes only. Republic Bank & Trust Company prohibits the dissemination, distribution or copying of this document without the Bank's prior written consent. Please consult your financial or tax advisor for further information. Member FDIC.