Your Family Spending Plan Page 4
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4Budget Planning Categories
13. Income taxes
I.
Sources of Income: Gross Income
14. Car loan
15. Loan #1
16. Loan #2, etc.
17. Other debt
18. Emergency fund
A.
Earned Income
1.
Salary and wages
2.
Self-employment income
IV. Flexible Expenses
3.
Bonuses
B.
Investment Income
1.
Interest on savings
2.
Interest from bonds
3.
Capital gains
1.
Saving and investing
4.
Dividends
2.
Food at home
5.
Rental income
3.
Food away from home
6.
Trust income
4.
Clothing
C. Pension and Annuity Income
5.
Laundry/clothing maintenance
1.
Social Security
6.
Home/office supplies
2.
Pension from previous employment
7.
Personal care and toiletries
3.
Private pensions
8.
Personal allowances
4.
Other retirement income
9.
Books, magazines and newspapers
D. Other Income
10. Recreation and entertainment
1.
Family contributions
11. Travel and vacation
2.
Gifts
12. Gifts
3.
Unemployment, disability insurance
13. Cable, video rental, lottery
4.
Child support
14. Other
5.
Other income
15. Household maintenance
a.
Yard care
II.
Deductions from Gross Income
b.
Household help
c.
Trash removal
d.
Repairs
e.
Home furnishings
f.
Purchase of major appliances
A.
Income Taxes
16. Transportation
B.
Social Security
a.
Gasoline/oil
b.
Repairs/maintenance
C. Payroll Deductions
c.
Licenses/registration
1.
Health insurance
2.
Life insurance
d.
Parking, commuting expenses
3.
Disability insurance
17. Children's expenses
4.
Other deductions
a.
Allowances
b.
School costs
D. Other deductions from gross income
c.
Special lessons
1.
Retirement account/pension plan
2.
Child support payments
d.
Camp
e.
Recreation/sports
18. Educational expenses
III. Fixed Expenses
a.
Tuition
b.
Room/board
c.
Books/supplies
d.
Travel
e.
Miscellaneous
1.
Savings (pay yourself first!)
19. Medical expenses
2.
Rent/mortgage
a.
Doctor
3.
Utilities
b.
Dentist
4.
Telephone (could also be considered flexible)
c.
Drugs
5.
Water
d.
Eyeglasses
6.
Property insurance
20. Contributions
7.
Car insurance
21. Finance charges/interest
8.
Disability insurance
22. Bank charges
9.
Life insurance
23. Professional expenses
10. Health insurance
24. Computer-related expense
11. Personal property taxes
25. Other flexible expenses
12. Real estate taxes
Prepared by Extension Family Economics Specialists, Texas A&M AgriLife Extension Service, Texas A&M System. 1998.
Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national
origin. The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating
Your Family Spending Plan
4
Texas A&M AgriLife Extension Service
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