A Budget Plan - Know where you are at the end of each week
...Work out how much your loan drops by each week...
Total Weekly Income
Income 1
Income 2
Rental
Other
Total Income
Fixed Expenses
(Take these amounts. Multiply them by the amount to get expense for year. Then divide by 52 to get weekly average allowance)
Rates x 4 / 52
Insurance
Car Rego x 2 / 52
(by number of cars)
Other 1
Other 2
Other 3
Other 4
Interest Charge
(this will reduce over time)
Total Fixed Expenses
Variable Expenses
(Collect all receipts from ATM, Chq & Credit Card. Add them up at the end of each week)
Food
Phone
Mobiles
Fuel
Clothing
Education
Other 1
Other 2
Other 3
Other 4
Other 5
Other 6
Total Variable Expenses
Surplus / Deficit
(ie the amount your loan has been reduced)