Financial Tracking Sheet - MochaMoney

[Pages:5]Financial Tracking Sheet

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The first step to financial freedom is understanding exactly where your money is going. Use this Financial Tracking Sheet to see exactly how you're spending your hard earned money.

1. Collect your credit card statements, receipts, and other bills to determine how much you spend on each item listed below. Divide items that are billed on a yearly basis, like property taxes and home owner's insurance, by twelve to figure out how much you're spending for that item on a monthly basis. Record the amounts spent for each item in column 1 (Actual Amount Spent). 2. Use your income tax return to determine how much money you actually bring in each month. Record this monthly income at the bottom of the Financial Tracking Sheet. 3. Add up all your monthly expenses you listed in column 1. 4. Subtract your monthly expenses from your monthly income. This is how much money you have left over at the end of each month. If the amount is negative, this is how much you are going into debt each month! 5. Review each category of your spending to determine where you can cut costs. Record the new figures in column 2 (New Budgeted Amount). Total the values in column 2 to determine how much money you will now have left over at the end of each month.



Actual Amount Spent

Transportation

Car Payment Car Insurance Gas Tolls Car Wash / Oil / Maintenance Public Transportation Tokens/Passes

____________ ____________ ____________ ____________ ____________ ____________

Entertainment

Cable Movies Video Rentals Theater / Plays / Sporting Events Magazine / Newspaper Subscriptions Vacations Other

____________ ____________ ____________ ____________ ____________ ____________ ____________

Food

Groceries Dining Out Vending Machines Snacks Coffee

____________ ____________ ____________ ____________ ____________

Housing

Rent / Mortgage Property Tax Home Owners Insurance Home Association / Condo Fees

____________ ____________ ____________ ____________



New Budgeted Amount

____________ ____________ ____________ ____________ ____________ ____________

____________ ____________ ____________ ____________ ____________ ____________ ____________

____________ ____________ ____________ ____________ ____________

____________ ____________ ____________ ____________

Communication

Cell Phone Land Line Phone Internet Access

Utilities

Heat Electric Gas Water

Personal Care

Hair Cuts Hair Appointments Weaves Manicures / Pedicures Toiletries / Personal Care Items Make-Up

____________ ____________ ____________

____________ ____________ ____________ ____________

____________ ____________ ____________ ____________ ____________ ____________

Giving

Tithes Charitable Donations Christmas / Holiday Gifts Birthday Gifts

____________ ____________ ____________ ____________

Clothing

Clothes Shoes Accessories Dry Cleaning / Washing

____________ ____________ ____________ ____________



____________ ____________ ____________

____________ ____________ ____________ ____________

____________ ____________ ____________ ____________ ____________ ____________

____________ ____________ ____________ ____________

____________ ____________ ____________ ____________

Child Care

Day Care Baby-Sitting

Education

Student Loans Tuition Books Miscellaneous

Health

Health Insurance Insurance Co-Pays Gym / Yoga Membership Prescription Medications Glasses

____________ ____________

____________ ____________ ____________ ____________

____________ ____________ ____________ ____________ ____________

Fees and Credit Cards

Bank Fees

____________

ATM Withdrawal Fees

____________

Minimal Monthly Credit Card Payments ____________

Organizational Memberships and Dues ____________

Other Insurance Disability Insurance Life Insurance

____________ ____________

____________ ____________

____________ ____________ ____________ ____________

____________ ____________ ____________ ____________ ____________

____________ ____________ ____________ ____________

____________ ____________



Pets Food Vet Costs

____________ ____________

____________ ____________

Hobby Expenses

____________

____________

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TOTAL MONTHLY EXPENSES MONTHLY INCOME

____________ ____________

____________ ____________

MONTHLY INCOME ? EXPENSES

____________

____________



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