Instructions

For more information, visit www.thedailymuse.com/money

1. Fill out your yearly savings goal below (not including retirement savings) 2. Fill out your estimated monthly spend in the "Details to fill out" tab (*be honest with yourself*) 3. Visit the "Summary" tab to see what your spending profile looks like 4. Look at how your spending compares to our recommended breakdown

Once you have a clearer picture of your spending habits, consider whether you'd want to make changes to meet your spending goals. Everyone has a different situation and priorities, so make this work for you! You can print-out your budget from the "Print-out" tab so as to compare it to your actual spending (which may lead to budget adjustments over time).

My yearly savings goal (non-retirement) Be aspirational, but realistic!

15,000

Important Note: As you go through this budgeting tool, only enter information in the grey cells

brought to you by:

Detailed Monthly and Yearly Budget Template for 2011

For more information, visit www.thedailymuse.com/money

Salary (after taxes) Alternative sources of income Social Security Medical Insurance Life Insurance Total Income Rent Mortgage Home/Renter's Insurance Total Cost of Housing Electricity/Gas Home phone / internet / cable Cell phone / data plan Heating Water Other (e.g., Laundry) Total Cost of Utilities Car Maintenance Car Insurance Gasoline Parking Public Transportation Rental Cars Taxis Total Cost of Transportation Medical expenses / prescriptions Dental expenses Total Cost of Healthcare Student Loan Debt Credit Card Debt Savings for retirement Total Cost of Debt/Retirement Groceries Restaurants Coffee / snacks (e.g., Starbucks) Alcohol budget

Monthly $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

2,300 2,300

Yearly $ $ $ $ $ $

27,600 27,600 1,800 1,800 600 360 240 240 1,440 -

150 $ - $ $ 150 $ 50 30 20 20 120 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

- $ - $ - $ $ $ $ $ $ $ $ $

Total Cost of Food and Beverage Clothes/shoes Make-up Household items (e.g., soap, lightbulbs) Gifts Total Cost of Shopping In-town entertainment (e.g., movies) Travel Hobbies Personal Care (e.g., haircuts, spa) Sports/Gym Total Cost of Leisure Education Other Total Costs Total Savings (excl. retirement) Savings Goal Difference btw Proj. Savings and Goal

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

270 2,030

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

3,240 24,360 15,000 9,360

1,250 $ 780 $

$ 10

Legend grey-shaded boxes are where you input information. Any white cells are calculations and should not be edited!

Comments
Use your paystubs to help you fill out this section E.g., from rental properties This will be $0 unless you are self-employed (it is taken out of salary from your employer) This will be $0 unless you are self-employed (it is taken out of salary from your employer)

If you deduct any part of your rent from your taxes, take that into consideration here (e.g., if self-employed with home office) If you deduct any part of your mortgage from your taxes, take that into consideration here

Make estimates based on past bills

Some of these may be included in your rent

Factor in your use of taxis when going out or to/from airport

This is critical! Open an IRA if you do not put pre-tax income into your employer-sponsored 401k

Include lunch budget if you eat out at the office

Think of what you spend money on at the drug store or at Wal-Mart

Think about how you spend a night out or your weekends (e.g., movies, museums, sports games, manicures)

Don't forget to include any charitable giving in your budget

My Budget Breakdown by Category

% of Income Income Housing Utilities Transportation Healthcare Debt/Retirement Food and Beverage Shopping Leisure Education Other Savings (excl. retirement) 7% 5% 0% 0% 0% 0% 0% 0% 0% 0% 88% $ $ $ $ $ $ $ $ $ $ $ $ Yearly Spend 27,600 1,800 1,440 24,360

You wanted to save: $

15,000

The Daily Muse's Recommended Budget Breakdown by

This is a recommended budget for a young professional (not in school) - it is not the right answer for everyone and Housing Utilities Transportation Healthcare Debt/Retirement Food and Beverage Shopping / Leisure / _Education / Other Savings (excl. retirement) Our recommendation 28% 7% 15% 5% 10% 15% 15% 5% Where are you overspending? 21% 2% 15% 5% 10% 15% 15% -83%

n by Category
Housing Utilities Transportation Healthcare Debt/Retirement Food and Beverage Shopping Leisure Education Other Savings (excl. retirement)

dget Breakdown by Category

Housing Utilities Transportation Healthcare Debt/Retirement Food and Beverage Shopping / Leisure / _Education / Other Savings (excl. retirement)

answer for everyone and is only meant to serve as a guideline.

Print-out of Monthly Budget for Comparison with Actual Spend

For more information, visit www.thedailymuse.com/money

Salary (after taxes) Alternative sources of income Social Security Medical Insurance Life Insurance Total Income Rent Mortgage Home/Renter's Insurance Total Cost of Housing Electricity/Gas Home phone / internet / cable Cell phone / data plan Heating Water Other (e.g., Laundry) Total Cost of Utilities Car Maintenance Car Insurance Gasoline Parking Public Transportation Rental Cars Taxis Total Cost of Transportation Medical expenses / prescriptions Dental expenses Total Cost of Healthcare Student Loan Debt Credit Card Debt Savings for retirement Total Cost of Debt/Retirement Groceries Restaurants Coffee / snacks (e.g., Starbucks) Alcohol budget Total Cost of Food and Beverage Clothes/shoes Make-up Household items (e.g., soap, lightbulbs) Gifts Total Cost of Shopping In-town entertainment (e.g., movies) Travel Hobbies Personal Care (e.g., haircuts, spa) Sports/Gym Total Cost of Leisure Education Other Total Costs Total Savings

Monthly - Budgeted $ $ $ $ $

Monthly - Actual 2,300 -

Notes

$
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

2,300
150 150 50 30 20 20 120 270 2,030