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Monthly Expenses Worksheet
How do you typically spend your money? In other words, how do you live your life every
month? The following worksheet divides spending into fixed and flexible expenses:
Fixed expenses. These are expenses that you must pay regularly as part of your basic
needs. If an expense occurs every month but the amount varies from month to month,
enter a typical amount.
Flexible expenses. These are items or activities that either don’t occur every month, or
that you can control how much to spend and when to spend it.
As you complete this chart, you must decide whether each of your expenses is a “fixed
expense” or a “flexible expense.” If the expense is “fixed,” put the amount in Column A.
If the expense is “flexible,” put the amount in Column B.
Record an expense in Column A (“Fixed”) if there is no reasonable way to change
the amount you are spending for this item. One example of a fixed expense might be
your rent.
Record an expense in Column B (“Flexible”) if there’s a possibility you could
change the amount you’re spending. Movie and restaurant expenses might belong in
the “flexible” column.
A B
Expense
Category
Expense Item
Current
Fixed
Expenses
Current
Flexible
Expenses
SAMPLES
Entertainment Restaurants $200
Home Rent $600
Home Water/Sewer $50
Housing
Rent or Mortgage
Maintenance or
Condo Fee
Lawn and Gardening
Expenses
Housing Cleaning
Expenses