Class #4 Exercises: Your budget now

Exercise #1: Estimate how much you spend each month.

________________________

Exercise #2. Estimate how much you spend in each of these major categories: Housing:____________________
Utilities:____________________
Groceries:__________________
Eating out:_________________
Alcohol/drugs:_____________
Transportation:____________
Clothes:_____________________
Household Goods:__________
Technology:_________________
Entertainment:_____________
Child Care:__________________
Work Expenses:_____________
Gifts/Donations:____________
(Household goods are things like toilet paper, garbage bags and soap. Clothes includes accessories and jewelry. For the most part, it’s fine how you categorize things as long as you know how you categorized them. Feel free to include an “other” category.)

Exercise #3: Download your last three months’ bank statements. How much did you actually spend each month?

_______________________________

Exercise #4: How much did you actually spend in each category?
Housing:____________________
Utilities:____________________
Groceries:__________________
Eating out:_________________
Alcohol/drugs:_____________
Transportation:____________
Clothes:_____________________
Household Goods:__________
Technology:_________________
Entertainment:_____________
Child Care:__________________
Work Expenses:_____________
Gifts/Donations:____________

Exercise #5: What did you look at and think, “there’s no way I should be spending so much on….”

 

 

Question #1: In what areas did you spend far more than you estimated?

 

Question #2: What surprised you when you did this exercise?

 

The following are yes or no questions:

Are you investing in yourself, your future, and your community?

Are you spending on the people you really care about? 

Are you spending on your biggest dreams and passions? 

Does your spending fit with your goals?

Does your spending fit who you want to be, what you want to do, where you want to go, how you want to look, and how you want to feel?

 

If you’d like to talk about your answers, feel free to email spendsmartliverich@gmail.com
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