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Calculate Your Monthly
Expenses
The way to create wealth is to plan
for your financial future. This involves analyzing your finances to see
how much money you make and how much is being spent, and then setting
goals for how much to save.
However, to do this effectively you must track your monthly expenses.
Below is a sample expense worksheet.
|
Monthly Expenses |
| Taxes |
$ 750 |
| Retirement Contributions |
$ 325 |
| Mortgage Payment |
$ 680 |
| Homeowner's insurance |
$ 60 |
| Real estate taxes |
$ 75 |
| Electricity |
$ 60 |
| Gas |
$ 30 |
| Water |
$ 25 |
| Telephone |
$ 50 |
| Cable TV |
$ 55 |
| Car loan |
$ 300 |
| Car insurance |
$75 |
| Maintenance for car |
$ 20 |
| Gas for car |
$ 120 |
| Medical & life insurance |
$ 25 |
| Credit card payments |
$ 25 |
| Groceries |
$ 200 |
| Meals out & entertainment |
$ 425 |
| Clothing |
$ 130 |
| Children |
$ 0 |
| Charitable contributions |
$ 0 |
| School loan |
$ 0 |
| Miscellaneous daily expenses |
$ 100 |
| Total Expenses |
$
3,530 |
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