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Credit.orgSpringboard
BUDGETING 101
Springboard FIT Academy
Start right now
Borrowing
Use cash, not credit
Relax
Credit.orgSpringboard
Part 2
Budgeting 101
Track your
spending
Borrowing
Use cash, not credit
Trackeverything
Spending categories
Spending categories
Spending categories
Spending categories
Spending categories
Credit.orgSpringboard
BUDGETING 101
Springboard FIT Academy
Credit.orgSpringboard
Part 3
Budgeting 101
Calculate your
income
Paycheck planning
Monthly Income Source
JobSpouse’s JobPart-Time JobRental, Room & Board ReceivedCommissions, BonusesTax RefundGovernment BenefitsChild Support/AlimonySupport from Family/FriendsPersonal Loans CollectedOtherTotal Monthly Income
Paycheck planning
GARAGESALE
For Sale
$
Credit.orgSpringboard
Part 4
Budgeting 101
SettingGoals
x
Short-term
Mid-term
Long-term
Financial Goal
Amount Needed
Target Date
# of Pay Periods Until Due Date
Savings NeededPer Pay Period
A new car
$14,400
36 months
72
$200
Financial Goal
Amount Needed
Target Date
# of Pay Periods Until Due Date
Savings NeededPer Pay Period
A new car
$14,400
48 months
96
$150
Credit.orgSpringboard
Part 5
Budgeting 101
Add it upTotal expensesDebt paymentsGoals
Total monthly expenses:
++
=
Add it up BalanceTotal monthly income
Total monthlyexpenses
Balance (x/-)
-=
Necessary Expenses Current ProposedHousing Rent/Mortgage 2nd MortgageProperty TaxesInsuranceHOA DuesGas/ElectricityWater/Sewer/TrashTelephoneFood Groceries Dining OutAt work/schoolInsurance LifeHealth/DentalDisabilityMedical CareDoctorOptometrist/LensesDentalPrescriptionsTransportationCar Payment 1Car Payment 2InsuranceGas/oilRepairsDMV/SmogTolls/ParkingPublic TransportationChild CareDaycare/SittingChild Support/AlimonyMiscellaneousBanking FeesLaundryOtherIncome TaxesPrior YearEstimated Tax PaymentsSavingsEmergencyGoalsTotal Essential Expenses
Necessaryexpenses
Discretionary Expenses Current Proposed Personal Beauty/Barber Clothing/JewelryCosmetics Manicure/Other Entertainment Cable Movie/Video Dining Out Sports/Hobbies/Clubs Vacations/Travel Books/Magazines MP3/Concerts MiscellaneousPet Care/Vet Gifts Cell Phone Postage Cigarettes/Alcohol Donations/Tithing Internet Access OtherTotal Discretionary Expenses:
Discretionary
expenses
How yourspending
should look
35- 45%
15%-25%
8%-15%
10%-20%
8%-15%
3%-5%
How yourspending
should look
5%-10%
5%-10%
10%-20%
ASS
OCIATION OF INDEPENDENT
CO
NSU
MER CREDIT COUNSELIN
G AG
ENC
IES
NATIONAL HOUSING CO U N S E L I N G A S S O CIAT I
ON
TM
BBB™
HUD Approved
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