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Profit and Loss Worksheet

This document outlines average monthly expenses and income for Mainers. It lists common expense categories such as housing, food, transportation, personal expenses, and savings. It then calculates total monthly income, subtracts total monthly expenses to get the amount available for debt payments, and subtracts the total minimum monthly debt payments to get a bottom line figure. The bottom line shows whether income exceeds expenses and debt obligations after necessities.

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NEWS CENTER Maine
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3K views1 page

Profit and Loss Worksheet

This document outlines average monthly expenses and income for Mainers. It lists common expense categories such as housing, food, transportation, personal expenses, and savings. It then calculates total monthly income, subtracts total monthly expenses to get the amount available for debt payments, and subtracts the total minimum monthly debt payments to get a bottom line figure. The bottom line shows whether income exceeds expenses and debt obligations after necessities.

Uploaded by

NEWS CENTER Maine
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FINANCIAL WELLNESS FOR MAINERS

Average Monthly Expenses Average Monthly Income


Housing:
Monthly Take Home Pay $
Rent/Mortgage $
Heat (Average)* $ Partner's Take Home Pay $
Electric $ Other Income $
Water $ (include roommate, second job, child support, alimony, Social Security)
Phone/Cell Phone $
Total Monthly Income: $
Property Taxes $
Household Expenses/Furnishings $
Monthly Income: $
Repair/Improvements* $
Less Monthly Expenses: - $
Home Insurance $

Food:
Groceries $ Amount Available for Debt: = $
Paper/Cleaning Supplies $
Mid-week Shopping $
Meals Out $
Debt: (i.e. credit cards, home equity loan, car payments, student loans,
Transport: medical bills, etc.)
Gas/Fares $
Maintenance $ Creditors Balance Owed Minimum Payment
Parking $
Car Insurance $
Personal:
Clothing $
Medical/Dental/Vision $
Education* $
Life Insurance $
Gifts $
Donations $
Entertainment** $
Child Care $
Vacations $
Laundry Services $
Personal/Haircuts $ Total Debt Owed: $
Pets $
Cable/Satellite TV/Internet $
Other gym $ Total Monthly Debt Payments: - $
Other $ Subtract from Amount
Expense Subtotal: $
Available for Debt (see above)
Savings: $
This is your Bottom Line! = $
Emergency Fund $
Other $ *Take year's estimated total and divide by 12 for the average monthly expenses.
Monthly Living Expenses: $ **Entertainment includes: Reading, Videos, Music, Hobbies, Going Out & Sports.

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