Do you know where your money goes each month? The following will help to figure your monthly spending.
- List all the money you owe - credit cards, loans, money you borrowed from family and friends, collection accounts (Lesson 3).
- Figure your monthly income and spending (Lesson 5).
- Spending should be less than or equal to income (Lesson 6).
The first chart is for money you owe. The second is for income and spending. These will help you set up a good plan. Include ALL loans, credit cards, and collection accounts.
|Company||Amount Still Owed||Monthly Payments||Due Date||Months Left to Pay||Interest Rate||Amount Past Due|
Weekly Spending LogHow did you do with the spending log last week? If you need to improve a little, here's your second chance. If you did great, keep up the good work and continue again this week.
|Day||Time||Purchase||$ Amount||My Feelings|
Reviewed by Mabel Dianna Edlow, Extension Specialist, Virginia State University
Virginia Cooperative Extension materials are available for public use, reprint, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.
Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.
May 1, 2009