How to budget yourself out of debt

 

Period (e.g. weekly, monthly)

Household income

 

Work-related income (after tax)

 

Rental income

 

Dividends/imputation credits

 

Interest

 

Government income support

 

Superannuation pension (after tax)

 

TOTAL INCOME

$

Expenses

 

Housing expenses

 

Rent/mortgage

 

Water rates and land rates

 

Electricity/gas/wood/oil

 

Telephone/mobile/internet/pay TV

 

Furniture/electrical appliances

 

Maintenance/repairs

 

Home and contents insurance

 

Transport expenses

 

Vehicle registration

 

Car insurance/road side assistance

 

Licenses

 

Fuel

 

Maintenance/repairs/service

 

Public transport/taxi/parking

 

Personal and family expenses

 

Groceries

 

Clothing/shoes/dry cleaning

 

Hair care/cosmetics

 

Child care/school fees

 

Books/excursions/pocket money

 

Pets/vets

 

Health/ambulance insurance

 

Supeannuation/life insurance

 

Union fees

 

Leisure expenses

 

Entertainment

 

Holidays

 

Gifts/donations

 

Financing Expenses

 

Loans (personal, car, business)

 

Credit card 1

 

Credit card 2

 

Store cards

 

Total Expenses

 

Total Income

 

Surplus/Deficit

 

Source: www.nicri.org.au

 

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