Enemy of Debt's Zero-Based Budget

Item Name Budgeted Spent Remaining Recommended %

Charity 10-15%
Charitable Gifts $100.00 $100.00 $0.00
Church $541.00 $541.00 $0.00
$641.00 $641.00 $0.00 11.8%
Saving 5-10%
Debt Snowball $477.49 $251.11 $226.38
College Fund $0.00
Replenish BEF $0.00
$477.49 $251.11 $226.38 8.8%
Housing 25-35%
Homeowners Insurance $0.00
Mortgage $967.29 $967.29 $0.00
Second Mortgage $267.67 $267.67 $0.00
Real-Estate Taxes $0.00
Rent $0.00
Renter's Insurance $0.00
Repairs/Maintenance $0.00
Replace Furniture $0.00
$1,234.96 $1,234.96 $0.00 22.8%
Utilities 5-10%
Cable $0.00
Electricity $158.92 $158.92 $0.00
Gas $0.00
Internet $63.10 $63.10 $0.00
Cell Phone $127.50 $127.50
Phone $0.00
Trash $35.87 $35.87 $0.00
Water $101.90 $101.90 $0.00
$487.29 $359.79 $127.50 9.0%
*Food 5-15%
Grocery $350.00 $180.24 $169.76
Restaurants $0.00
$350.00 $180.24 $169.76 6.5%
*Transportation 10-15%
Car insurance $229.95 $229.95
Inspection $16.00 $16.00 $0.00
Gas & Oil $300.00 $34.00 $266.00
License & Taxes $290.45 $290.45 $0.00
Repairs & Tires $0.00
$836.40 $340.45 $495.95 15.5%
*Clothing 2-7%
Adults $25.00 $25.00
Children $25.00 $25.00
Cleaning/Laundry $50.00 $50.00
$100.00 $0.00 $100.00 1.8%
Medical/Health 5-10%
Dentist $325.45 $325.45 $0.00
Disability Insurance $0.00
Doctor Bills $0.00
Prescription Drugs $80.00 $80.00
Health Insurance $0.00
Co-pays $15.00 $15.00
Optometrist $0.00
$420.45 $325.45 $95.00 7.8%
 *Personal 5-10%
Snap Fitness $0.00
BLOW $$ Husband $30.00 $30.00 $0.00
BLOW $$ Wife $30.00 $30.00 $0.00
Taxes $19.95 $19.95 $0.00
Child Care $280.00 $40.00 $240.00
Child Support $0.00
Cosmetics $0.00
Education/Books $150.00 $150.00
Gifts (incl. Christmas) $0.00
Hair Care $0.00
Miscellaneous $0.00
Organization Dues $20.00 $20.00 $0.00
Pet Supplies $31.00 $31.00 $0.00
School Supplies $20.00 $7.00 $13.00
School Tuition $0.00
Subscriptions $127.00 $127.00
Toiletries $0.00
Other $0.00
$707.95 $177.95 $530.00 13.1%
*Recreation 5-10%
Entertainment $50.00 $50.00
Vacation $0.00
$50.00 $0.00 $0.00 0.9%
Debts 0%
Credit Card 1 $25.00 $25.00
Credit Card 2 $52.23 $52.23
Credit Card 3 $0.00
Credit Card 4 $0.00
Credit Card 5 $0.00
HEL $0.00
Student Loan 1 $27.48 $27.48
Student Loan 2 $0.00
Student Loan 3 $0.00
Car Loan 1 $0.00
Car Loan 2 $0.00
Other $0.00
Other $0.00
$104.71 $0.00 $104.71 1.9%

**Zero-Based Budget - The idea of a zero based budget is that you give every dollar a name before the month begins. If you make $3,500 every month then you would budget every dollar
until the number in the "Remaining to Budget" cell (I-37) is $0. It only works if you do it, so do it and watch your money start to work for you!!
**Envelope System - A system that you can use along with your budget to help you spend less each month. Fill the recommended budget envelopes (labeled with an asterisk), with cash
each time you get paid and when the cash runs out for each envelope, stop spending. Use your debit card for big purchases like housing and utilities or anything that can be paid online.
**Debt is NOT a tool, so one of the very first things you should STOP doing is borrowing any more money. Cut up your credit cards and close the account. If you have not completed Baby
Step 1, then leave yourself with 1 credit card. ONLY use that credit card for real emergencies and do everything you can to get that Emergency Fund fast. The sooner you can get rid of
that last credit card the better. It is pretty liberating to finally say NO to credit card companies forever!
YOU DO NOT HAVE TO BUDGET FOR EVERY CATEGORY LISTED ABOVE!! It is just a guideline to help you consider possible important areas to budget for. You can customize to fit your expenses each month.

WWW.ENEMYOFDEBT.COM
 Income Sources
Week One
Paycheck (3/6) $200.00
Tips $350.00
Ebay $97.50

WeekOneTotal $647.50
Week Two
Paycheck (3/13) $1,450.00
Tips $350.00
Ebay $27.75

Week Two Total $1,827.75

Week Three
Paycheck (3/20) $200.00
Tips $350.00
Tax Return $685.00

Week Three Total $1,235.00

Week Four
Paycheck (3/27) $1,200.00
Tips $350.00
Yard Sale $150.00

Week Four Total $1,700.00

Other
Extra Week $0.00
Other Total $0.00

Monthly Net Income $5,410.25

Remaining to Budget $0.00

Notes & Reminders For Next Budget

Irregular Expenses Date Amount Due

 Total $0.00

**Irregular Expenses - These items can kill any budget. Make sure you plan ahead for them. I placed this
here as a reminder. Be sure to add items to Lump Sum Payment Worksheet located in the Savings tab.
m k,
Dave Ramsey's Baby Steps (Current Baby Step)

Baby Step 1- Save $1,000 for your Baby Emergency Fund ($500 if income is less than $20K).

Baby Step 2- Pay off DEBT from smallest to largest using the Debt Snowball (except
house).

Baby Step 3- Fully Fund your Emergency Fund by saving 3/6 months of expenses.

Baby Step 4- Invest 15% of your GROSS income for retirement. (Roth IRA's &
Mutual Funds).

Baby Step 5- Start saving for kid's college.

Baby Step 6- Pay off Mortgage early.

Baby Step 7- Build wealth, give, and enjoy Financial Peace!

Additional Resources
DAVERAMSEY.COM 48DAYS.COM Kids & Money

Total Money Makeover 212 Connection Enemy of Debt

Financial Peace University BRIANTRACY.COM

name before the month begins. If you make $3,500 every month then you would budget every dollar
It only works if you do it, so do it and watch your money start to work for you!!
pend less each month. Fill the recommended budget envelopes (labeled with an asterisk), with cash
. Use your debit card for big purchases like housing and utilities or anything that can be paid online.
ng any more money. Cut up your credit cards and close the account. If you have not completed Baby
rgencies and do everything you can to get that Emergency Fund fast. The sooner you can get rid of
erating to finally say NO to credit card companies forever!
e to help you consider possible important areas to budget for. You can customize to fit your expenses each month.

NEW COLOR CODE LEGEND

Light Yellow - Require your input.
Mint Green - Formulas exist, DO NOT MODIFY.
Except for cell N4, these cells require your attention either because
you spent more than you budgeted, or percentage of income spent
in a category is above recommended percentage.
 Enemy of Debt's Allocated Spending Plan
Week Four & Extra
Pay Week~~~> Week One Week Two Week Three Week
Actual Spent
Income~~~> $647.50 $1,827.75 $1,235.00 $1,700.00
Remaining~~~> 0.00 $0.00 $0.00 $1,700.00
Budgeted (from left side) Charity
Charitable Gifts $641.00 $64.75 / $582.75 $182.25 / $1,645.50 $124.00 / $1,111.00 / $1,700.00
$371.00
$641.00 $64.75 $182.25 $124.00 $0.00
Saving
Debt Snowball $477.49 $51.11 / $531.64 / $1,645.50 $350.05 / $760.95 / $1,700.00
College Fund $0.00 / $531.64 / $1,645.50 / $760.95 / $1,700.00
$401.16
Replenish BEF $0.00 / $531.64 / $1,645.50 / $760.95 / $1,700.00
$477.49 $51.11 $0.00 $350.05 $0.00
Housing
Homeowners Insurance $0.00 / $531.64 / $1,645.50 / $760.95 / $1,700.00
Mortgage $967.29 / $531.64 $967.29 / $678.21 / $760.95 / $1,700.00
Second Mortgage $267.67 $267.67 / $263.97 / $678.21 / $760.95 / $1,700.00
Real-Estate Taxes $0.00 / $263.97 / $678.21 / $760.95 / $1,700.00
Rent $0.00 / $263.97 / $678.21 / $760.95 / $1,700.00 $1,234.96
Renter's Insurance $0.00 / $263.97 / $678.21 / $760.95 / $1,700.00
Repairs/Maintenance $0.00 / $263.97 / $678.21 / $760.95 / $1,700.00
Replace Furniture $0.00 / $263.97 / $678.21 / $760.95 / $1,700.00
$1,234.96 $267.67 $967.29 $0.00 $0.00
Utilities
Cable $0.00 / $263.97 / $678.21 / $760.95 / $1,700.00
Electricity $158.92 / $263.97 $158.92 / $519.29 / $760.95 / $1,700.00
Gas $0.00 / $263.97 / $519.29 / $760.95 / $1,700.00
Internet $63.10 $63.10 / $200.87 / $519.29 / $760.95 / $1,700.00
Cell Phone $127.50 / $200.87 $127.50 / $391.79 / $760.95 / $1,700.00 $487.29
Phone $0.00 / $200.87 / $391.79 / $760.95 / $1,700.00
Trash $35.87 $35.87 / $165.00 / $391.79 / $760.95 / $1,700.00
Water $101.90 / $165.00 $101.90 / $289.89 / $760.95 / $1,700.00
$487.29 $98.97 $388.32 $0.00 $0.00
Food
Grocery $350.00 $50.00 / $115.00 $100.00 / $189.89 $200.00 / $560.95 / $1,700.00
Restaurants $0.00 / $115.00 / $189.89 / $560.95 / $1,700.00 $350.00
$350.00 $50.00 $100.00 $200.00 $0.00
Transportation
Car insurance $229.95 / $115.00 / $189.89 $329.95 / $231.00 / $1,700.00
Inspection $16.00 / $115.00 / $189.89 $16.00 / $215.00 / $1,700.00
Gas & Oil $300.00 $50.00 / $65.00 $85.18 / $104.71 $25.00 / $190.00 / $1,700.00
$506.13
License & Taxes $290.45 / $65.00 / $104.71 / $190.00 / $1,700.00
Repairs & Tires $0.00 / $65.00 / $104.71 / $190.00 / $1,700.00
$836.40 $50.00 $85.18 $370.95 $0.00
Clothing
Adults $25.00 / $65.00 / $104.71 $25.00 / $165.00 / $1,700.00
Children $25.00 $25.00 / $40.00 / $104.71 / $165.00 / $1,700.00
/ / / / $1,700.00 $100.00
Cleaning/Laundry $50.00 $40.00 $104.71 $50.00 $115.00
$100.00 $100.00 $25.00 $0.00 $75.00 $0.00
Medical/Health
Dentist $325.45 / $40.00 / $104.71 / $115.00 / $1,700.00
Disability Insurance $0.00 / $40.00 / $104.71 / $115.00 / $1,700.00
Doctor Bills $0.00 / $40.00 / $104.71 / $115.00 / $1,700.00
Prescription Drugs $80.00 / $40.00 / $104.71 $80.00 / $35.00 / $1,700.00
Health Insurance $0.00 / $40.00 / $104.71 / $35.00 / $1,700.00 $95.00
Co-pays $15.00 / $40.00 / $104.71 $15.00 / $20.00 / $1,700.00
Optometrist $0.00 / $40.00 / $104.71 / $20.00 / $1,700.00
 $95.00

/ $40.00 / $104.71 / $20.00 / $1,700.00

$420.45 $0.00 $0.00 $95.00 $0.00
Personal
Snap Fitness $0.00 / $40.00 / $104.71 / $20.00 / $1,700.00
BLOW $$ Husband $30.00 / $40.00 / $104.71 / $20.00 / $1,700.00
BLOW $$ Wife $30.00 $40.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Taxes $19.95 / $0.00 / $104.71 / $20.00 / $1,700.00
Child Care $280.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Child Support $0.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Cosmetics $0.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Education/Books $150.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Gifts (incl. Christmas) $0.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Hair Care $0.00 / $0.00 / $104.71 / $20.00 / $1,700.00 $60.00
Miscellaneous $0.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Organization Dues $20.00 / $0.00 / $104.71 / $20.00 / $1,700.00
Pet Supplies $31.00 / $0.00 / $104.71 / $20.00 / $1,700.00
School Supplies $20.00 / $0.00 / $104.71 $20.00 / $0.00 / $1,700.00
School Tuition $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Subscriptions $127.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Toiletries $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Other $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
$707.95 $40.00 $0.00 $20.00 $0.00
Recreation
Entertainment $50.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Vacation $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00 $0.00
$50.00 $0.00 $0.00 $0.00 $0.00
Debts
Credit Card 1 $25.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Credit Card 2 $52.23 / $0.00 / $104.71 / $0.00 / $1,700.00
Credit Card 3 $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Credit Card 4 $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Credit Card 5 $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
HEL $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Student Loan 1 $27.48 / $0.00 / $104.71 / $0.00 / $1,700.00
$104.71
Student Loan 2 $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Student Loan 3 $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Car Loan 1 $0.00 / $0.00 / $104.71 / $0.00 / $1,700.00
Car Loan 2 $0.00 / $0.00 $25.00 / $79.71 / $0.00 / $1,700.00
Other $0.00 / $0.00 $52.23 / $27.48 / $0.00 / $1,700.00
Other $0.00 / $0.00 $27.48 / $0.00 / $0.00 / $1,700.00
$104.71 $0.00 $104.71 $0.00 $0.00

Allocation Spending Plan - This sheet look much more complicated than it actually is. It allows you to split your budget into weeks and spend each weeks pay separately. REMEMBER that you only
have to enter info in the tan /yellow cells. For instance, if you change the name of a budget item on the left, it will automatically change on the allocated spending worksheet. (Example: B-8) So that
you don't have to go back and forth from zero based to allocation sheet I have inserted column AA to show you how much you have to allocate for each category. If you are in the third week for
example on the allocation side and you want to know how much you have left to spend in the food category you would just look at cell AA-34. I used this sheet for February and just added some
new stuff because I was sick of feeling like I was entering the same data twice, as well as going back and forth. It's really simple. Do your zero based budget first, and then spend each paycheck
each week. In column "M" the items you actually budgeted for on the left will be bold so that they stand out more. I hope this makes budgeting easier for you so you ultimately spend less time doing it!!

WWW.ENEMYOFDEBT.COM
Remaining

$270.00

$76.33

$0.00

$0.00

$0.00

$330.27

$0.00

$325.45
 $325.45

$647.95

$50.00

$0.00

y. REMEMBER that you only

heet. (Example: B-8) So that
are in the third week for
ary and just added some
hen spend each paycheck
mately spend less time doing it!!
 Checkbook Register March 2009
Ending Balance From Previous Month ~~~~> $2,000.00
Item Description Date (mm/dd) Debit Credit Balance *
Citimortgage 1-Mar $967.29 $1,032.71 *
Electric 5-Mar $158.92 $873.79 *
Water/sewage 5-Mar $101.90 $771.89 *
Direct Deposit 5-Mar $1,450.00 $2,221.89 *
AT&T 8-Mar $127.50 $2,094.39
Fuel Envelope (Check # 12001) 8-Mar $200.00 $1,894.39 *
Day Care (Check# 12002) 10-Mar $140.00 $1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
Ending Balance ~~~~> $1,754.39
Checkbook Register - I created this because I wanted to enable you to record your checkbook transactions and your budget items
at the same time, in the same place. I have found it helpful so I hope you do too. Remember to transfer your ending balance to
the next month's checkbook register on the last day of the month.
 Enemy of Debt's Savings Allocation Worksheet

Item Balance Month By Month

March April May June July

Baby Step 1 - (BEF) $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

Baby Step 3 - (FFEF)
Retirement Fund
College Fund
Real Estate Taxes
Homeowner's Insurance
Repairs/Maintenance $1,336.36
Replace Furniture
Car Insurance $226.68
Car Repair $600.00
Car Replacement
Disability Insurance
Health Insurance
Doctor $166.68
Dentist
Optometrist
Life Insurance (Term) $80.00
School Tuition
School Supplies
Gifts (Including Christmas) $40.00
Vacation
Other
Other
Other
BALANCE TOTALS $3,449.72 $1,000.00 $1,000.00 $1,000.00 $1,000.00

**Savings Allocation Worksheet - This worksheet is used to tell every dollar of your savings where to go.
**Baby Emergency Fund (BEF) - Should remain at $1,000 at all times. If you have a REAL emergency and
need to use your BEF, then you need to replenish this fund before you save or pay off anything else.
**Fully Funded Emergency Fund (FFEF) - 3/6 months of expenses.
 **Emergency Funds - Should be saved in a separate account. Money Market or Online Savings Account.

Enemy of Debt's Lump Sum Payment Worksheet

Item Needed Previous Balance Total Needed / months left = Monthly Amount Actual To Date
Real Estate Taxes / 12 = $0.00 $0.00
Homeowner's Insurance / 12 = $0.00 $0.00
Home Repairs $1,166.69 $2,000.00 / 12 = $166.67 $1,333.36
Replace Furniture / 12 = $0.00 $0.00
Medical Bills $125.01 $500.00 / 12 = $41.67 $166.68
Health Insurance / 12 = $0.00 $0.00
Life Insurance (Term) $40.00 $480.00 / 12 = $40.00 $80.00
Disability Insurance / 12 = $0.00 $0.00
Car Insurance $170.01 $340.00 /6= $56.67 $226.68
Property Taxes / 12 = $0.00 $0.00
Car Repair $500.00 $1,200.00 / 12 = $100.00 $600.00
Tags/Registration $45.00 $60.00 / 12 = $5.00 $50.00
Replace Car / 12 = $0.00 $0.00
Clothing / 12 = $0.00 $0.00
Tuition / 12 = $0.00 $0.00
IRS (Self-Employed) / 12 = $0.00 $0.00
Vacation / 12 = $0.00 $0.00
*Gifts (including Christmas)* $0.00 $400.00 / 10 = $40.00 $40.00
Other / 12 = $0.00 $0.00
Other / 12 = $0.00 $0.00
Other / 12 = $0.00 $0.00
/ 12 = $0.00 $0.00
Totals $2,046.71 $4,980.00 $450.00 $2,496.71

**Lump Sum Payment Worksheet - This worksheet will help you plan your lump sum payments ahead of time. By saving an equal portion each month you avoid having to
spend a lump sum from one months pay. Divide total amount needed by the number of months left till payment is due. (ex. $1000 / 4 = $250 per month for four months.
* IMPORTANT*- If you change the number of months left, you must change the formula to the right as well. Ex. [/ 10 =] ~~> [=(c59/10)] *IMPORTANT*
August

$1,000.00

$1,000.00
 Remaining
$0.00
$0.00
$666.64
$0.00
$333.32
$0.00
$400.00
$0.00
$113.32
$0.00
$600.00
$10.00
$0.00
$0.00
$0.00
$0.00
$0.00
$360.00
$0.00
$0.00
$0.00
$0.00
$2,483.29

ou avoid having to
for four months.
c59/10)] *IMPORTANT*