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Credit.org
Springboard
BUDGETING 101
Springboard FIT Academy
Start
right
now
Borrowing
Use cash, not credit
Relax
Credit.org
Springboard
Part 2
Budgeting 101
Track
your
spending
Track
everything
Spending
categories
Spending
categories
Spending
categories
Spending
categories
Spending
categories
Credit.org
Springboard
BUDGETING 101
Springboard FIT Academy
Credit.org
Springboard
Part 3
Budgeting 101
Calculate
your
income
Paycheck
planning
Monthly Income Source
Job
Spouse’s Job
Part-Time Job
Rental, Room & Board Received
Commissions, Bonuses
Tax Refund
Government Benefits
Child Support/Alimony
Support from Family/Friends
Personal Loans Collected
Other
Total Monthly Income
GARAGE
SALE
For Sale
$
Credit.org
Springboard
Part 4
Budgeting 101
Setting
Goals
x
Short-term
Mid-term
Long-term
Financial Goal
Amount Needed
Target Date
# of Pay Periods
Until Due Date
Savings Needed
Per Pay Period
A new car
$14,400
36 months
72
$200
Financial Goal
Amount Needed
Target Date
# of Pay Periods
Until Due Date
Savings Needed
Per Pay Period
A new car
$14,400
48 months
96
$150
Credit.org
Springboard
Part 5
Budgeting 101
Add it up
Total expenses
Debt payments
Goals
Total monthly
expenses:
+
+
=
Balance
Total monthly
income
Total monthly
expenses
Balance (x/-)
-
=
Necessary Expenses Current Proposed
Housing Rent/Mortgage
2nd Mortgage
Property Taxes
Insurance
HOA Dues
Gas/Electricity
Water/Sewer/Trash
Telephone
Food
Groceries
Dining Out
At work/school
Insurance
Life
Health/Dental
Disability
Medical Care
Doctor
Optometrist/Lenses
Dental
Prescriptions
Transportation
Car Payment 1
Car Payment 2
Insurance
Gas/oil
Repairs
DMV/Smog
Tolls/Parking
Public Transportation
Child Care
Daycare/Sitting
Child Support/Alimony
Miscellaneous
Banking Fees
Laundry
Other
Income Taxes
Prior Year
Estimated Tax Payments
Savings
Emergency
Goals
Total Essential Expenses
Necessary
expenses
Discretionary Expenses Current Proposed
Personal Beauty/Barber
Clothing/Jewelry
Cosmetics
Manicure/Other
Entertainment
Cable
Movie/Video
Dining Out
Sports/Hobbies/Clubs
Vacations/Travel
Books/Magazines
MP3/Concerts
Miscellaneous
Pet Care/Vet
Gifts
Cell Phone
Postage
Cigarettes/Alcohol
Donations/Tithing
Internet Access
Other
Total Discretionary Expenses:
Discretionary
expenses
How your
spending
should look
35-
45%
15%-25%
8%-15%
10%-20%
8%-15%
3%-5%
5%-10%
5%-10%
10%-20%
ASSOC
IATION OF INDEPE
NDENT
CONSUMER
CREDIT COUNSELIN
G
AGENCIES
NAT
IONAL HOUS
ING
COUNS
ELING ASSOC
IATION
TM
BBB™
HUD Approved
About us
Contact Us: 800.431.8456
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B101 slideshow