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Worksheets
Worksheet # 1
Let's Talk About Money
Money is often a source of conflict in families.
It is a difficult topic to discuss. This worksheet will help you learn
more about your values and feelings about money. Each spouse should use
the sheets provided and answer separately. Then take some time tocompare
and discuss your answers. You will also want to include other family
members in some of these discussions.
- You've just won $10,000 in the lottery. What will you do with the
money.
$________for______________
$________for__________
$________for______________
$________for__________
$________for______________
$________for__________
- You have just been laid off of your job. You must make a major cut
in spending. What would you cut first?
- I'd like to see us spend more money on____________ and less money
on______________.
- Do you know how much money is spent monthly on the
following?
Rent or mortgage payment: $ ________ Groceries:
$________
Car payment: $ ________ Utilities:
$________
Entertainment: $ ________ Clothing: $________
- What money problem is the most frequent cause of arguements?
- What is the most foolish thing you've spent money on?
- What is the most sensible thing you've spent money on ?
- How do you feel about buying on credit ?
Do you agree or disagree with these statements? Circle your answer.
| A |
D |
I am too tight with
money. |
| A |
D |
My spouse is too tight with
money. |
| A |
D |
I want to be Included in
making decisions about spending money.
|
| A |
D |
I like to buy things because
it makes me feel good. |
| A |
D |
I feel good about the way our
family handles money. |
| A |
D |
Our family needs to develop a
better way to manage money. |
| A |
D |
I think it is important to set
goals and plan for the future.
|
| A |
D |
Why worry about tomorrow, I
live from day to day. |
| A |
D |
I would like to go out more
often even if It means doing without something.
|
| A |
D |
I would rather do without
somethings for now to have a more secure
future.
|
Worksheet # 2
Income and Expense Worksheet
Income and Expense
Worksheet
|
| Income:
|
$ Amounts
|
|
| Month 1
| Month 2
|
| Your Take Home Pay
| __________
| __________
|
| Spouse's Take Home
Pay
| __________
| __________
|
| Child Support /
Alimony Payments
| __________
| __________
|
| Unemployment
Insurance
| __________
| __________
|
| AFDC
| __________
| __________
|
| Pension /
Retirement
| __________
| __________
|
| Social Security
| __________
| __________
|
| Interest /
Dividends
| __________
| __________
|
| Other (List)
| __________
| __________
|
| Total Income $
| __________
| __________
|
| Fixed Expenses:
| Month 1
| Month 2
|
| Rent/Mortgage
(Principal, Tax, Insurance)
| __________
| __________
|
| Life Insurance
| __________
| __________
|
| Medical/Health
Insurance
| __________
| __________
|
| Vehicle Insurance
| __________
| __________
|
| Disability
Insurance
| __________
| __________
|
| Household Insurance
| __________
| __________
|
| Car Payments
| __________
| __________
|
| Other Loan Payments
| __________
| __________
|
| Savings
| __________
| __________
|
| Emergency Savings
| __________
| __________
|
| Other (List)
| __________
| __________
|
| Flexible Expenses:
| Month 1
| Month 2
|
| Utilities
(Electric, Gas, Water, Phone, Fuel Oil Etc.)
| __________
| __________
|
| Credit Card
Payments ( see Worksheetl)
| __________
| __________
|
| Auto Upkeep
(gasoline,oil, maintenance)
| __________
| __________
|
| Food Costs (at home
& away from home)
| __________
| __________
|
| Clothing
| __________
| __________
|
| Household Supplies
| __________
| __________
|
| Medical/ Dental
| __________
| __________
|
| Recreation
/Entertainment
| __________
| __________
|
| Church Donation /
Other Charities
| __________
| __________
|
| Child Care
| __________
| __________
|
| Education
| __________
| __________
|
| Personal Allowances
| __________
| __________
|
| Other (List)
| __________
| __________
|
| Total Expenses: $
| __________
| __________
|
| Total Income - Total Expenses $
| __________
| __________
|
Weekly Spending Log
Keep a record of all of your spending for at least
one week. But realize, a week may not be enough time to really find all of
your money habits. You may want to copy this page and keep track for a
longer period of time. Write down everything! You should also record how
you were feeling at the time. Emotions account for a lot of spending and
you may not even realize it. See the example below. After the week is up,
look at your log. Do you see any patterns developing? What are some of the
"triggers' that start you spending? Do you see spending habits that you
want to change?
| Day
| Time
| Purchase
| $Amount
| How Am I Feeling?
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
|
| _________
| _________
| _________
| _________
| _________________
| |
Total the amount you have spent during this week.
Are you spending more than than you actually have? If so, now is the time
to take some steps to "plug those spending leaks."
Balancing Your Budget
Everyone can't use the same budget or spending plan. Your family is
special and different from every other family. It has special needs, wants
and resources. You should manage your money to get what you want and need
and to get the most from your income. Take the time to complete each of
the five steps to keeping your budget balanced.
Step # 1: Estimate Your Income
| Income Sources
| Weekly
| Twice A Month
| Monthly
| Other
|
| Wages (Take-Home)
| _____
| __________
| __________
| __________
|
| Child Support
| _____
| __________
| __________
| __________
|
| Unemployment Insurance
| _____
| __________
| __________
| __________
|
| AFDC
| _____
| __________
| __________
| __________
|
| Pension/Retirement
| _____
| __________
| __________
| __________
|
| Social Security
| _____
| __________
| __________
| __________
|
| Interest/Dividends
| _____
| __________
| __________
| __________
|
| Alimony
| _____
| __________
| __________
| __________
|
| Other
| _____
| __________
| __________
| __________
|
| TOTAL
| _____
| __________
| __________
| __________ |
TOTAL INCOME FOR THE PLANNING PERIOD
$__________________
NOTE: Your household accounts are the best sources of information for
expense estimates. Adjust the figures to reflect changes that have
occurred in your own situation. If you do not have a system for keeping
household records, START NOW to "keep track" of your expenses so you can
control unnecessary spending leaks and get more mileage out of your
income. One possible system is suggested in "Keeping Track of Spending,"
HYG-5001-83 and also available is the 'Home Account Book.' Check the local
Extension offices for copies of these materials.
Step #2: Estimate Fixed Expenses and Savings
| (Other Than Consumer Debt)
Month
| 1
| 2
| 3
| 4
| 5
| 6
| 7
| 8
| 9
| 10
| 11
| 12
|
| HOUSING
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Rent or Mortgage
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Major Fuel Bills
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Other
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| PROTECTION
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Life Insurance
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Health Insurance
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Disability Insurance
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Car Insurance
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Household Insurance
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Other
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| CONTRIBUTIONS
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Religious
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Donations
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Other
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| TAXES
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| LICENSES
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| REGULAR SAVINGS
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Short Term Goals
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| Long Term Goals
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
| ____
|
| OTHER MAJOR ITEMS
|
| SET ASIDE Weekly
(divide by 52) $__________
|
| Monthly ( divide by 12)
$__________ |
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