Your goals may seem hard to achieve with your present finances, but looking at your financial situation may prove crucial to your success. The activity below will help you look at your spending patterns and expenses and help you begin to budget. By the end of this activity, you will have a clear sense of what you can save and how you can budget to achieve your goals.


For this activity select a recent one month time period to evaluate.

  1. Add up all the expenses that belong in each category and enter the totals below. For example add all the groceries purchases made this month together and put that total in the field below labeled "Groceries".
  2. Once you have filled in the fields review the totals and the summary.
  3. Answer the questions and make some general observations on how to better manage your debt and save your responses.



Income is money received, especially on a regular basis, for work or through investments.

Income Total:


Expenses is the cost required for something or the money spent on something.
Often times you can group multiple expenses for the same type of items into one expense to better evaluate your spending habits.

Expense Total:


Total Income:

Total Expenses:

Remaining Income:

Things to consider:

  1. When your remaining income is negitive it means you are spending more than you are earning in income. The expenses above will give you a clearer sense of what you can save and how you can budget to achieve your goals.
  2. When your remaining income is positive it means you may have additional income to help you pay down debt and increase your savings.