Personal Financial Workbook

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

Housing Transportation Debt Payments All Other Savings

Recommended

Recommended

Expense

(gross income x recommended %)

35%

$

$

20%

$

$

5%

$

$

20%

$

$

20%

$

$

Actual Expense

Budget Percentage

(expense/income) x 100

%

%

%

% %

Explanation

1

Daily Expense Tracker

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

Date

Expense

Amount: Cash/Check/Debit

Amount Credit

2

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

Education

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

$

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

Bill Paying Worksheet

This worksheet is to help you get organized when paying bills. Take a moment and fill in all your bills that are due within different dates. This worksheet will help you remember what and when bills are due.

Due Dates - 1st to 7th

Bills To Pay

Due Date

1. 2. 3. 4. 5.

Payment

$ $ $ $ $

Bills To Pay

6. 7. 8. 9. 10.

Due Date

Payment

$ $ $ $ $

Due Dates - 8th to 14th

Bills To Pay

Due Date

1. 2. 3. 4. 5.

Payment

$ $ $ $ $

Bills To Pay

6. 7. 8. 9. 10.

Due Dates - 15th to 21st

Bills To Pay

Due Date

1. 2. 3. 4. 5.

Payment

$ $ $ $ $

Bills To Pay

6. 7. 8. 9. 10.

Due Date

Payment

$ $ $ $ $

Due Date

Payment

$ $ $ $ $

Due Dates - 22nd to 31st

Bills To Pay

Due Date

1. 2. 3. 4. 5.

Payment

$ $ $ $ $

Bills To Pay

6. 7. 8. 9. 10.

Due Date

Payment

$ $ $ $ $

4

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