Personal Financial Workbook - Consumer Credit

Personal Financial Workbook

American Consumer Credit Counseling (ACCC) is a nonprofit 501(c)(3) organization. Founded in 1991, ACCC

offers confidential credit counseling, housing counseling, bankruptcy counseling, a debt management program,

and educational resources nationwide.

The Personal Financial Workbook is a tool that you can use to organize your finances and gain an understanding

of how you are spending your money. By using the worksheets you¡¯ll be able to paint a clear picture of your

financial situation and make better decisions for the future. We recommend that you photocopy worksheets

before using them so that you may revise the information, and reuse the worksheets as needed.

Table of Contents

1. Financial Community Guideline Worksheet

2. Daily Expense Tracking Worksheet

3. Household Budgeting Worksheet

4. Bill Paying Worksheet

5. Personal Asset Worksheet

6. Household Inventory Worksheet

8. Net Worth Worksheet

9. Financial Records Organization Worksheet

11. Financial Goals Worksheet

13. Bank Account Comparison Worksheet

14. Investment Options Worksheet

15. Creditworthiness Worksheet

16. Debt-to-Income Ratio Worksheet

17. Credit Card Options Worksheet

18. Annual Credit Report Request Form

19. Resources

American Consumer Credit Counseling

130 Rumford Ave, Suite 202, Auburndale, MA 02466-1371

1-800-769-3571



Financial Community Guidelines

Calculate and compare your spending to the financial community guidelines.

Compare your spending to the financial community guidelines

Housing 35%

Mortgage or rent, taxes, repairs, improvements, insurance, and utilities

Transporation 20%

Monthly payments, gas, oil, repairs, insurance, parking, and public transportation

Debt 5%

Credit cards, personal loans, student loans, and other debt payments

All other expenses 20%

Food, insurance, prescriptions, doctor & dentist bills, clothing, and personal

Investments & Savings 20%

Stocks, bonds, cash reserves, savings accounts, retirement funds, etc.

*To calculate the recommended expenditure for each category, multiply the recommended percentages by your

gross income. For example, if your gross income is $3,000.00 and the recommended allowance for housing

is 35%, multiply $3,000.00 by .35. The recommended housing expenditure should not exceed $1,050.00 per

month.

*To calculate your true monthly budget expenditure for each category, divide your monthly expense by

your gross income, and multiply that by 100. For example, if your housing expense is $1,200.00, divide by

$3,000.00, and multiply by 100. You are spending 40% of the recommended expenditure on housing.

Budgeted

Expense

Recommended

Expense

Recommended

Actual

Expense

(gross income x

recommended %)

Budget

Percentage

(expense/income)

x 100

Housing

35%

$

$

%

Transportation

20%

$

$

%

Debt Payments

5%

$

$

%

All Other

20%

$

$

%

Savings

20%

$

$

%

Explanation

1

Daily Expense Tracker

Track your daily spending on this worksheet to see exactly where your money is going.

Date

2

Expense

Amount:

Cash/Check/Debit

Amount Credit

Household Budgeting Worksheet

Complete this worksheet by entering all of your monthly expenses for the following line items.

Total each category and add all categories together to calculate your monthly expenses.

Housing/Utilities

Rent/mortgage

Heating

Electricity

Water/sewage

Renter/homeowner insurance

(if not included in mortgage)

Trash service

Telephone and cell phone

Home maintenence

Cleaning supplies

TOTAL

Transportation

Gas

Car payment(s)

Car insurance

Car inspection

Car repairs and maintenence

Car registration

Public transportation or taxi

Parking and tolls

TOTAL

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Insurance (if not payroll deducted)

Health

$

Life

$

Disability

$

TOTAL

$

Food

Groceries

$

School lunches

$

Work-related (lunch/snacks)

$

TOTAL

$

Medical

Doctor visits

$

Dental

$

Prescriptions

$

TOTAL

$

Childcare

Daycare

$

Babysitter/nanny

$

Child support/alimony

$

TOTAL

$

Donations

Religious or charity

$

TOTAL

$

Education

Tuition

Books and supplies

Newspapers and magazines

TOTAL

Personal

Barber/salon services

Toiletries

Children¡¯s allowances

Tobacco products

Beer, wine, or liquor

Clothing

Laundry/dry cleaning

TOTAL

Entertainment

Sporting events, concerts, etc.

Movies/video rentals

Restaurants/take-out

Internet service

Cable/satellite TV

Gambling/lottery tickets

Fitness/social clubs

Vacation/travel

Hobbies

TOTAL

Debts

Student loan

Credit card

Medical bills

Personal loan

TOTAL

Savings

Emergency fund

Down payment fund

TOTAL

Gifts

Birthdays

Major holidays

TOTAL

Total Monthly Expenses

- Net Income

= Cash Flow

(disposable/deficit)

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

3

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