Monthly Budget


A monthly budget is a plan for how you will allocate income to meet your expenses for a designated month.  A monthly budget is an estimate, but your goal should be to make as educated an estimate as possible.  To do this, you will want to collect a month’s worth of pay stubs, bills, and bank statements, if possible.  If you budget correctly you will be able to spend money on things you enjoy without worrying about meeting other financial obligations, overdrawing your accounts, or going into credit card debt.

As a new homeowner, it is important that you continue to budget not only to be sure that you meet your monthly mortgage payment, but to budget for normal future home maintenance as well as unexpected expenses.  Keep in mind that your budget may change from year to year based on your income and expenses.  There are several things that you must take into account when you plan your budget annually.  One of the first considerations is the change in your property tax status. 


Monthly Budget Worksheet

Here are two samples and a simple free online system to help you work out a budget:

Online "Budget Simple" Free Interactive Budgeting System

Tracking Your Expenses Worksheet

Monthly Budget Worksheet








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I want to say a huge thank you.  It feels a million times better knowing where we will be living, that we don't have to move, and I can actually afford to live here.  My life is no longer on hold, and we have been able to make plans for the first time in ages. There is no more black cloud of uncertainty hanging over my head always, waiting for the bank to dictate so much of my life. Thank you, thank you, thank you!
C. K.
Thank you for taking the time to talk to me and put my heart at rest! I look forward to working with you to stay in our home.  I have an appointment with a housing counselor your referred us to and I will give you an update once that occurs.  Again, it meant so very much to me that you took the time to give me hope.
A. F.
There are no words to say how much you did for us and how much you helped us, you basically saved us.
B. A.