Spending Plan Worksheet

Instructions: 1. Calculate monthly net income in box 1

2. Estimate monthly expenses (sum of fixed (2a), controllable (2b) and monthly portion of
periodic expenses (2c)
3. Compare income and expenses and make adjustments

1. Monthly net income 3. Compare income & expenses

Income (main) Php_____ Net* monthly income Php_____
Additional income (sideline) Php_____
Income (passive) Php_____ Estimated Expenses:
Others Php_____ Fixed…………………Php_____
Others Php_____ Controllable………..Php_____
Total monthly net income Php_____ Periodic……………..Php_____
(monthly portion)
* After tax withholding and other deductions
Minus Php_____

Balance Php_____

2c. Periodic Expenses

These are expenses that come up once or twice a year. Fill in the estimated costs under the month they
are due. Taxes, insurance premiums, auto servicing, tires, license, birthdays and holidays, educational
costs, vacations, etc. Add your total yearly periodic expenses and divide by 12 to determine the montly
portion.

Jan July
_____________________________________________________________________________________
Feb Aug
_____________________________________________________________________________________
Mar Sep
_____________________________________________________________________________________
Apr Oct
_____________________________________________________________________________________
May Nov
_____________________________________________________________________________________
June Dec
_____________________________________________________________________________________

Subtotal Php_______ Subtotal Php_______

Total Periodic Expenses = Monthly portion periodic expenses

12

Personal Finance Module for Young People. Consuelo Foundation – Philippine Branch ©2009
 Spending Plan Worksheet

2a. Fixed expenses 2b. Controllable expenses

Housing Food
Rent or Mortgage Php ______ Rent or Mortgage Php ______
Insurance/Taxes* Php ______ Insurance/Taxes* Php ______

Utilities
Rent or Mortgage Php ______ Household Expenses
Insurance/Taxes* Php ______ Repairs & supplies Php ______
Trash/Garbage Php ______ Furnishings & appliances Php ______
Water Php ______
Cable Php ______
Other: ______________ Php ______
Transportation
Gas and repairs Php _______
Other transportations Php _______

Credit Card Payments

_____________________ \ Php _______ Personal/Medical Care Php _______
________________________ Php _______
________________________ Php _______
Education/Reading Php _______

Travel & Entertainment Php _______

Life Insurance* Php _______
Family Subsidy Php _______
Other
________________________ Php _______ Charity/Gifts/Special Expenses Php _______
________________________ Php _______
________________________ Php _______
Savings Php _______

Total Monthly Estimated Other Php _______

Fixed Expenses Php _______
Total Monthly Estimated
Fixed Expenses Php _______

*Monthly portion of premiums if NOT paid by employer OR automatically deducted from your
paycheck OR listed with your periodic expenses on page 2.

Personal Finance Module for Young People. Consuelo Foundation – Philippine Branch ©2009