DebtSteps.com - Guide to debt relief steps using free household budget form


Free Household Budget Form for Debt Relief

With Automatic Calculation of Totals and Financial Ratios to use with our Debt Guide



There are 3 sections to our free household budget form. Income, Expenses and Ratios.

At the bottom of the page is a button for Print View, this will expand all items so you can scroll and fill in everything you need to enter.

You should click on the text in the light green boxes to expand one section. Complete that section, then when you click on the next (light green) section you want to complete, the prior section will close.

The totals and ratios will be calculated automatically as you enter data. There are also blanks in each Expense section so you can enter items that we may not have already included.

Using this budgeting worksheet requires your browser to be javascript enabled. This is usually preset for you so you should have no problems. However, if you have set javascript to be off, please change your browser settings (under Preferences or Options) to allow javascript.

Once you complete this form, do check out debt consolidation to help you get back on track quickly.

Monthly Income

Net Monthly Income (take home pay)Income 1 Totals
Regular income  
Extra income  
Total Net Income #1$ - 
Actual Monthly IncomeIncome 2  
Regular income  
Extra income  
Total Net Income #2$ - 
Actual Monthly IncomeIncome 3  
Regular income  
Extra income  
Total Net Income #3$ - 
Total of all Net Income$-

Monthly Expenses

HousingBudgeted  
Mortgage, Home Equity, Rent  
Insurance  
Phone  
Electric & Gas  
Water & Sewer  
Cable or Satellite  
Waste removal  
Maintenance or repairs  
Real Estate Taxes  
 
 
 
Housing Total$ -
TransportationBudgeted  
Automobile payment  
Bus/taxi fare  
Insurance  
Licensing  
Fuel  
Maintenance  
Auto Payment #2  
 
 
 
Transportation Total$ -
Other Secured DebtBudgeted 
 
 
 
 
 
Other Secured Debt Total$ -
Unsecured DebtBudgeted 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured Debt Total$ -
Personal CareBudgeted  
Medical  
Grooming  
Clothing  
Child Care  
 
 
 
Personal Care Total$ -
EntertainmentBudgeted  
Going Out (movies, etc.)  
Stay In (DVD's, Takeout)  
Allowances  
Vacation  
 
 
Entertainment Total$ -
Gifts & DonationsBudgeted  
Immediate Family  
Other Family & Friends  
Donations  
 
 
Gifts & Donations Total$ -
Food & SundriesBudgeted  
Groceries  
Cleaning Supplies  
Pet Stuff  
 
 
 
Food & Sundries Total$ -
Insurance Not Listed AboveBudgeted  
Health  
Life  
 
 
 
Other Insurance Total$ -
Other Items Not Listed AboveBudgeted  
 
 
 
 
 
 
 
 
 
Other Items Total$ -
Total of all Expenses$-
Income Less Expenses (this should be your Savings/Investments)$-


Financial Budget Ratios used for debt relief

Debt Income Ratios
a. Total Net Monthly Income $-
b. Monthly Mortgage Payments  $-
c. Other Monthly Secured Debt $-
d. Unsecured Monthly Debt $-
Basic Debt Income Ratio -%
Total Debt Income Ratio -%

Recommended Budgeting GuidelinesRecommended Income Distribution Actual Distribution Your Budget Percentage
Housing35%$-$- -%
Transportation 20% $- $-  -%
Debt Payments 15% $- $-  -%
Other Expenses 20% $- $-  -%
Investments & Savings 10% $- $-  -%




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Learn more about:
Using Debt Income Ratios In Debt Management

The Financial Community's Recommended Budgeting Guidelines

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