Consolidated Credit’s Expense Worksheet

Print this page and use it to track the monthly expenses in your budget. To make it easier to track your expenses, Consolidated Credit recommends breaking expenses into three categories:

  1. Fixed expenses: Necessary expenses / obligations with a fixed cost each month
  2. Flexible expenses: Necessary expenses / obligations with a variable cost each month
  3. Discretionary expenses: Unnecessary ?nice to have? expenses

For any expense that does not have a fixed cost, you should write down your current monthly payment as well as determine an average monthly payment to calculate when your budget is balanced. An easy way to determine ?Adjusted to balance income? is to set the amount either as (1) the highest cost you pay during the year or (2) by taking an average cost over several months.

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Fixed Expenses

Note: Fixed expenses largely do not change from month-to-month, although they may vary periodically. For example, homeowners’ insurance costs may increase at the beginning of the year but will not change from one month to the next.

Expense Type Monthly Payment
Mortgage / Rent Payment $
Real Estate / Property Taxes $
Homeowners’ Association Fees $
Car Loans / Lease Payments $
Car Insurance $
Student Loan Payments $
Alimony / Child Support Payments $
Private Medical Insurance $
Other $
Savings (5-10% of income set as fixed cost) $
Other $
Other $
Other $
Other $
Other $
TOTAL $

Additional Notes about Income:

Flexible Expenses

Note: Flexible expense payments can vary ? at least slightly ? from one month to the next. For bills, this usually happens when the payment is calculated according to a formula, such as your electric bill being based on your power consumption or credit card debt payments being based on the total amount of debt owed.

Expense Type Current Monthly Payment Adjusted to Balance Income
Credit Card Debt Payment $ $
Home Phone / Internet $ $
Cable Bill $ $
Mobile / Cellular Service $ $
Electric / Gas / Oil Bill $ $
Groceries $ $
Household Supplies $ $
School / Office Supplies $ $
Pet Care Costs $ $
Clothing $ $
Dry Cleaning / Laundry Service $ $
Gas (Auto) $ $
Tolls / Transportation $ $
Other $ $
Other $ $
Other $ $
Other $ $
Other $ $
TOTAL $ $

Additional Notes about Income:

Discretionary Expenses

Note: These expenses are things that aren’t really necessary to maintain your standard of living, but they are the nice-to-have items you generally spend at least some money on every month. If you need to streamline your budget to increase your cash flow, you can temporarily cut back or eliminate at least some of these costs.

Expense Type Current Monthly Payment Adjusted to Balance Income
Credit Card Debt Payment $ $
Recreation $ $
Movies / Theater $ $
Online Media Subscriptions $ $
$ $
$ $
Mobile / Cellular Service $ $
Dining Out $ $
Sporting Events $ $
Subscriptions (magazine/news) $ $
Barber / Beauty Salon $ $
Hobbies $ $
Fundraisers / Donations $ $
Club Dues $ $
Other $ $
Other $ $
Other $ $
Other $ $
Other $ $
TOTAL $ $

Additional Notes about Income:

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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