Module 3 – Budget Worksheet

 BUSINESS START-UP
    BUDGET WORKSHEET
Complete this Budget Worksheet
CATEGORY BUDGET AMOUNT ACTUAL AMOUNT DIFFERENCE
INCOME:
Wages and Bonuses 770 770
Interest Income 0
Investment Income 0
Miscellaneous Income 0
Income Subtotal 770 0 770
INCOME TAXES WITHELD
Federal Income Tax 150 150
Provincial  Income Tax 0
Income Taxes Subtotal 150 0 150
Spendable Income 620 0 620
EXPENSES:
Home:
Mortgage or Rent 825 825
Homeowners/Renters Insurance 0
Property Taxes 0
Home Repairs/Maintenance/Other Dues 0
Home Improvements 0
UTILITIES:
Electricity 0
Water and Sewer 0
Natural Gas or Oil 0
Telephone (Land Line, Cell) 55 55
FOOD:
Groceries 250 250
Eating Out, Lunches, Snacks 150 150
FAMILY OBLIGATIONS:
Child Support/Alimony 0
Day Care, Babysitting, Tuition 0
HEALTH AND MEDICAL:
Insurance (medical, dental, vision) 7 7
Out-of-Pocket Medical Expenses 15 15
Fitness (Yoga,Massage,Gym) 0
TRANSPORATIONS:
Car Payments 0
Gasoline/Oil 70 70
Auto Repairs/Maintenance/Fees 50 50
Plate and Auto Insurance 80 80
Other (bus, subway, taxi) 0
DEBT PAYMENTS:
Credit Cards 0
Student Loans 100 100
Other Loans 0
ENTERTAINMENT/RECREATION:
Cable TV/Videos/Movies 25 25
Computer Expense 0
Hobbies 100 100
Subscriptions and Dues 25 25
Vacations 100 100
PETS:
Food 15 15
Grooming,Boarding, Vet 0
CLOTHING:
INVESTMENTS AND SAVINGS:
RRSP 0
Stocks/Bond/Mutual Funds 50 50
RESP 0
Savings 0
Emergency Fund 0
MISCELLANEOUS:
Toiletries, Household Products 20 20
Gifts/Donations 20 20
Grooming (Hair,Make-up, Other) 20 20
Miscellaneous Expense 150 150
Total Investments and Expenses 2127 0 2127
Surplus/Shortage (Spendable income minus expenses & investments) -1507 0 -1507
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