Page 25 - Book2E

If possible, record these for the past six months. If you haven’t kept records, then begin recording these discretionary expenses now and use the totals after five or six months to determine your monthly Discretionary Expenses.
Write the totals below:
Month 1_________ Month 2 _________ Month 3 _________ Month 4_________ Month 5 _________ Month 6 _________ Total _____________ divided by 6 = _____________
Write your average Monthly Discretionary Expenses here
D. Now make a list of your periodic expenses. Try to include everything you spend during the year.
• Tuition
• Income Tax
• Car Registration
• Insurance
• Memberships • Other
Annual Total ____________ divided by 12 = ____________ Write your average Monthly
Periodic Expenses here E . Now add:
Monthly Fixed Expenses ________________ Monthly Variable Expenses ________________ Monthly Discretionary Expenses ________________ Monthly Periodic Expenses ________________
Total Monthly Expenses Monthly Inflow
________________
Establishing a Budget 17