INCOME, BUDGET & BILLS
There is a place to map up your multiple forms of income every month as well. Shade in the pie chart. If
you have one job that one job will shade in the whole pie chart. If you have other forms of income shade
in the percentage of that particular income. Remember you must have a 100% shaded from all of your
avenues of income.
You will add up all of your take-home earnings to use for your budget.
There is an area to keep up with your monthly bills so nothing is forgotten and it goes unpaid.
Your monthly bills and your budgets need to be reevaluated monthly bills change. You may have paid
something off. Your budget should always go through a reevaluation monthly. You may have to pay for
basketball uniforms this month because school has started.
Keep this in mind especially if you have more month than money. You will have to adjust your finances
before you can save for the future.
The formula for your budget should be 50% of your budget should be your needs. Bills, gas to get back
and forth, food for the house.
30% is your want going to the hair dresser getting your nails done going to the movies a new video game
going to the basketball game concert tickets.
20% should be for savings and debt resolution.
At the end of the month you should be positive if not you need to reevaluate your wants to save money.
All of your incomes full-time job, side hustle, investments should all be added together for your budget if
you want to use the money in your budget.