Sample Income and Expense Statement

Sample statement for income and expense management. This statement can be tailored to reflect any changes to income or add expense line items for ongoing tracking.

This budget statement lists income and expenses on a monthly basis. You can use it to forecast on an annual for those who like to do an annual budget or semi-annual to work six months in advance. If you can produce a reliable income or paycheck, you should be able to use this statement for annual income and expense tracking. If your income includes commission or self employment income, you may find that six months or even less might work better.

Try not to alter or make unnecessary changes to your budget because it doesn't match you current spending means. Try to stick to it and then see where your priorities lie and realize that change is inevitable anyway, but will be more manageable as good habits will have been set.

This statement is a model that reflects many possible types of income and expense items and is categorized by income and three categories of expenses including fixed expenses ( those that remain the same despite any changing activities), variable expenses ( those that change from one period to the next due to your actions), and discretionary expenses ( which cover items that aren't necessary maintaining normal activities but are important to you at that time for personal reasons).

Sample Statement Income/Expense


Category Budget Amount   Actual Amount Difference
    Income    
Salary/Hourly        
Commission        
Bonuses        
Investment        
Interest        
Misc
       
 Income Total        
    Fixed Expenses    
Mortgage/Rent        
Home/Rental
Insurance
       
Taxes        
Car Payment        
Auto Insurance        
Credit Cards        
Loans        
Retirement        
Stocks        
College Fund        
Bill PayFund        
Med insurance        
Dental        
Medical        
Alimony        
Child support        
Savings        
Emergency fund        
Misc        
Fixed expenses
total
       
    Variable Expenses    
Electricity        
Sewage        
Water        
Cable        
Phone        
Cell        
Groceries        
Clothing        
Grooming        
Pet care        
Fuel        
Unreimbursed Medical        
babysitting        
summer camps        
school supplies        
holidays, special events        
dry cleaning        
Repairs (auto / home)        
Other transportation        
Misc        
Variable expenses
total
       
Allowances, Pocket money        
Extracurricular
(diners, movies, social, etc.)
       
Subscriptions, dues (gym, club)        
Charitable giving        
Trips, vacations        
Discretionary total        
Total Expenses (Fix + Var + Dis)        
Balance (Income - Expenses)