Montgomery County Public Schools, Rockville, MD

Sample Budget

Below is an example of a simple monthly personal budget. Print it out and enter your information into the blanks then calculate your personal budget.

Income

Sample Data

Enter Your Info

Pay Check 1 $2,000

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Pay Check 2 $2,000

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Other $ 500

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Total Income $4,500

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Expenses

Sample Data

Enter Your Info

Mortgage/rent $ 950

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Car Payment $ 600

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Insurance- Auto $ 150

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Insurance- Life $ 60

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Installment Loans $ 125

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Other Loan $ 50

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Phone $ 75

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Credit card $ 100

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Credit card $ 100

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Utilities $ 125

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Groceries $ 250

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Entertainment $ 250

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Gasoline for Cars $ 100

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Other $ 0

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Total Expense $2,935

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Subtract "Total Expense" from "Total Income" to figure "Net Income"

Net Income

Sample Data

Enter Your Info

Income minus Expense $1,665

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This is a sample budget for one month. Notice that this budget has a net income (i.e. this family has money left over after it pays all of its expenses). If you find that your monthly budget shows a net loss, you need to restructure your expenses to be more realistic for your income level.

Updated December 1, 2005 | Maintained by Debra Tipton