Ways to Simplify your budget: Budget fixed expenses

Total your fixed expenses and calculate your income minus your fixed expenses so you have your amount remaining.





Your budget should look something like this:




Simple Budget                             1st of month     15th of month

Your paycheck                                       1200                    1200
Spouse’s paycheck                                  800                      800
Other income                                           600
MONTHLY INCOME                            2600                   2000

Fixed Expenses
Mortgage                                                 600                    600
Car Payment                                           350
Student Loan                                                                     300
Car Insurance                                           70
House Insurance                                                               60
Phone Bill                                                 60
Internet Access                                                                 50
Cell Phone                                                                         50
Electricity                                                                           90
Cable Bill                                                                           50
Credit Card Minimum                             110
Donations                                               320                   260
Total Expenses                                    1510               1460

Income less fixed expenses               1090               540