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
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