Hopeful Family Budget

Name
Section

Income
Combined Take Home Pay

12

May

Jun

Jul

Aug

$5,150

$5,150

$5,150

$5,150

$615
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,568

$616
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,569

$617
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,570

$618
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,571

Surplus / (Deficit)

-$418

-$419

-$420

-$421

Total Savings/(Debt)

-$418

-$836

-$1,256

-$1,676

Expenses
Contributions
Rent
Utilities
Gas
Insurance
Phone
Groceries
Clothing
Gifts
Cable
Internet
Kids lessons
Bowling league
Newspaper
Car Payment
Misc.
Debt Payments
Total Expenses

Sep

Oct

Nov

Dec

Jan

Feb

Mar

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$619
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,572

$620
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,573

$621
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,574

$622
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,575

$623
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,576

$624
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,577

$625
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,578

-$422

-$423

-$424

-$425

-$426

-$427

-$428

-$2,098

-$2,520

-$2,944

-$3,368

-$3,794

-$4,220

-$4,648

Apr

Total

$5,150

$61,800

$626
$1,732
$275
$170
$390
$160
$450
$50
$15
$275
$25
$155
$85
$35
$200
$30
$906
$5,579

$7,446
$20,782
$3,300
$2,040
$4,680
$1,920
$5,400
$600
$180
$3,300
$300
$1,860
$1,020
$420
$2,400
$360
$10,868
$66,876

-$429

-$5,076

-$5,076

Approximate amount, may fluctuate according to principle amount of cards, avera

may fluctuate according to principle amount of cards, averaged for budgeting purposes

Hopeful Fa
Name
Section

Income
Combined Take Home Pay
Expenses
Tithing (stop other charities)
Rent
Utilities
Gas
Insurance
Go to only cell phones
Groceries
Clothing
Give love not gifts
Drop cable
Internet
Kids lessons (do homework, limit lessons
STOP BOWLING
Stop newspaper
Car Payment
Misc.
Debt Payments
Total Expenses
Surplus / (Deficit)

12

May

Jun

Jul

Aug

$5,150

$5,150

$5,150

$5,150

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$258

$258

$258

$258

Hopeful Family Budget

Sep

Oct

Nov

Dec

Jan

Feb

Mar

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$5,150

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$258

$258

$258

$258

$258

$258

$258

Apr

Total

$5,150

$61,800

$615
$1,732
$275
$170
$390
$0
$450
$50
$0
$0
$25
$50
$0
$0
$200
$30
$906
$4,893

$7,380
$20,782
$3,300
$2,040
$4,680
$0
$5,400
$600
$0
$0
$300
$600
$0
$0
$2,400
$360
$10,868
$58,710

$258

$3,090

Approximate amount, may fluctuate according to principle amount of cards, avera

may fluctuate according to principle amount of cards, averaged for budgeting purposes

Hopeful Family Budget

Current age
Retirement age
401K Contributions monthly
Money for retirement from 401K

35
65
150
$339,073

Based on your amount for retirment with an APR of 10% we suggest you pay the money you have after you have

eful Family Budget

ey you have after you have pay off your debts to save for retirement

Listing of all debts

Debt
2nd Mortgage
1st mortgage
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Card
Medical bill

Rate
9.5%
6%
12%
15%
11.0%
6.0%
7.0%
12.0%
15.0%

Total Debt

Principal # of Pmts
$49,612.40
142
$119,412.57
147
$6,000.00
48
$1,000.00
36
$12,619.08
60
$19,225.00
84
$3,000.00
17
$1,969.78
24
$1,876.97
36
$214,715.80

Monthly Income Needed???

Annual Income Needed???
It would tak
themselves from all unessary debt.

$3,156.00

$2,844.00
$410.61
$192.72

$1,171.26
$705.71

$6,584.88
$6,034.20

$8,706.35
$10,518.65

$ / mth
$582.82
$1,149.00
$158.00
$34.67
$274.37
$280.85
$200.00
$92.72
$65.07
$2,837.50
$8,107.14
$97,285.71

$589.39
7.8372333701

Month
Real Debt
1
$82,760.44
2
$168,903.00
3
$7,584.00
4
$1,248.12
5
$16,462.20
6
$23,591.40
7
$3,400.00
8
$2,225.28
9
$2,342.52
10
11
$308,516.96
12
13
14
15
16
$2,200.00
17
$800.00
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Payment
$192.72
$192.72
$192.72
$192.72
$192.72
$192.72
$192.72
$192.72
$192.72
$192.72
$392.72
$392.72
$392.72
$392.72
$392.72
$392.72
$392.72
$427.39
$492.46
$650.46
$650.46
$650.46
$650.46
$650.46
$924.83
$924.83
$924.83
$924.83
$924.83
$924.83
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68

12.0%
Interest
$19.70
$17.97
$16.22
$14.46
$12.67
$10.87
$9.05
$7.22
$5.36
$3.49
$17.50
$15.31
$13.11
$10.90
$8.67
$6.43
$4.17
$4.09
$14.64
$31.56
$25.37
$23.90
$11.78
$3.23
$55.31
$47.34
$39.30
$17.01
$14.55
$15.84
$52.59
$46.83
$41.03
$35.21
$29.36
$23.48
$17.57
$11.62
$5.65

Principal
$173.02
$174.75
$176.50
$178.26
$180.05
$181.85
$183.67
$185.50
$187.36
$189.23
$375.22
$377.41
$379.61
$381.82
$384.05
$386.29
$388.55
$423.30
$477.82
$618.90
$625.09
$626.56
$638.68
$647.23
$869.52
$877.49
$885.53
$907.82
$910.28
$908.99
$1,153.09
$1,158.85
$1,164.65
$1,170.47
$1,176.32
$1,182.20
$1,188.11
$1,194.06
$1,200.03

$1,969.78
Remaining Balance
$1,796.76 Car Loan
$1,622.01
$1,445.51
$1,267.24
$1,087.19
$905.34
$721.68
$536.18
$348.82
$159.58
$2,624.78 Gas Credit Card
$2,247.37
$1,867.76
$1,485.94
$1,101.88
$715.59
$327.05
($96.26) Credit Card #2
$227.89 Medical bill
$2,537.10 Credit Card #1
$1,912.01
$1,285.45
$646.77
($0.45)
$5,164.68 Credit Card #3
$4,287.20
$3,401.67
$2,493.84
$1,583.56
$674.57
$9,365.56 Credit Union Loan
$8,206.71
$7,042.06
$5,871.59
$4,695.27
$3,513.07
$2,324.95
$1,130.90
($69.13)