Budgeting Worksheet

Consider this worksheet your friendly companion here to help every dollar find its purpose, bringing your goals within reach and easing a bit of the stress along the way.

Build Your Monthly
Budget in Two Steps

Outline what comes in and what goes out, and plan with confidence.

Step 1: Calculate Your
Monthly Income

Figure out how much you get paid each month, after taxes are removed, and add it to the table.

Weekly Pay Schedule

Multiply your weekly income by 52 and then divide by 12.

Bi-weekly Pay Schedule (every two weeks)

Multiply your weekly income by 26 and then divide by 12.

Inconsistent Pay Schedule

If your pay is not on a consistent schedule (e.g., seasonal work, side income), take last year's total income and divide by 12 for your average monthly income.

Total Monthly Income
$0.00

Step 2: Calculate Your
Monthly Expenses

Record your expenses using the table below. For expenses that change from month-to-month (such as utilities), use your average based on
past months' bills.

Housing

Every budget has a foundation. Start with the place you call home and the bills that come with it.

Total Monthly Housing Expenses
$0.00

Food

A balanced budget includes a full plate. Track the groceries and meals that keep you and your household fueled.

Total Monthly Food Expenses
$0.00

Transport

Whether you drive, rideshare, or hop on the bus, transportation comes with plenty of little expenses. Add them here to see how much it really takes to keep you moving.

Total Monthly Transport Expenses
$0.00

Health

Taking care of your health matters. Use this space to capture insurance, prescriptions, and any other medical costs that are part of your routine.

Total Monthly Health Expenses
$0.00

Personal & Family

From everyday family needs to personal extras, this section helps you track where the money goes so you can plan with clarity and care.

Total Monthly Personal & Family Expenses
$0.00

Other

Use this section for the extras that do not fit elsewhere. Include expenditures such as your tuition, personal loans, credit cards, savings, or any other expenses unique to you.

Total Monthly Other Expenses
$0.00

Your Budget

Surplus or Deficit?

If your income is greater than your expenses, this is a budget surplus: use this money to save for goals and to add to your savings account!

If your expenses are greater than your income, this means you have a budget deficit.

Total Income
$0.00
-
Total Expenses
$0.00
=
Surplus or Deficit
$0.00

This tool is provided for educational and illustrative purposes only. Calculations are based on information and assumptions provided by you regarding your goals, expectations, and financial situation. Logix Federal Credit Union does not guarantee the accuracy of the calculations and their applicability to your circumstances. Please consult your financial, tax, or legal advisor regarding your unique situation.

Greenpath Financial Wellness

GreenPath brings over 60 years of trusted guidance in financial health. From debt to wellness, their support helps you build lasting resilience. Smart move, right?

Empower Your Finances

Logix has partnered with GreenPath to give members access to additional financial wellness content. Views and opinions expressed in the financial wellness content are those of GreenPath, and may not always represent the views and opinions of Logix Federal Credit Union. Logix Federal Credit Union is not affiliated with GreenPath, and is a separate entity.

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