Informational Page Financial Management

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Informational Page Financial Management
Multi-stage Life Budget
meeting current needs
Particulars Amount in Dollars
Beginning Budget 5,000
Bills:
Rent 1500
Utilities 300
Groceries 500
Car Payment 400
Insurance 200
Subscriptions 100
Miscellaneous expenses 500 3500
Ending Budget 1,500
Car Payment
Beginning Budget 7000
Bills:
Rent 1700
Utilities 350
Groceries 600
0
Insurance 250
Subsriptions 150
House Downpayment Savings 1000
Retirement contribution 1000 5050
Ending Budget 1,950.00
meeting financial needs ten years out
Beginning Budget 9000
Bills:
Mortgage 2000
Utilities 500
Groceries 1000
Car Payments 500
Insurance 400
Subscriptions 200
Child expenses 500
Retirement contribution 1500 6600
Ending Budget 2,400.00
meeting financial needs at retirement and beyond
Beginning Budget 6000
Bills:
Utilities 600
Groceries 800
Insurance 500
Subscriptions 100
Travel/Leisure 1000
Medical Expenses 1000
Total Expenses 4000
2,000.00
Notes for the budget:
2. Income increases to $7,000/month due to career progression. Main changes are saving for a house downpayment and increased retirement contributions 3. Income increases to $9,000/month. Own a home with a mortgage instead of renting. Increased costs for child expenses. 4. Income drops to $6,000/month from retirement accounts/social security. Mortgage paid off, no child expenses

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