Budget Analysis Sheet
The Budget Analysis Sheet is designed to help you clearly understand where your money is going each month, make informed decisions, and see the progress you’re making over time. Once you open the sheet, please “Make a Copy” and save it for your records before inputting your information.
Click “Budget Analysis Sheet” to fill out and save your copy.
If you’re considering a debt settlement program, taking a closer look at your budget is a powerful first step toward reclaiming control over your finances. The Budget Analysis Sheet is designed to help you clearly understand where your money is going each month, make informed decisions, and see the progress you’re making over time. Here’s how to use it:
1. Start with the Basics
Fill in the sheet with your current monthly income and all your expenses. It includes categories like rent/mortgage, groceries, utility bills, insurance, childcare, and more. These are the day-to-day costs that make up your financial picture.
Tip: Be honest and accurate. This isn’t about judgment—it’s about clarity. Even small expenses, like streaming services or dining out, add up and deserve attention.
2. Find Your 'Remaining Cashflow After Expenses'
Once you input your income and expenses, the sheet will calculate your Remaining Cashflow After Expenses. This is the money left over after covering your essentials.
Before Debt Settlement: You might notice that your cash flow is tight, or even negative. That’s okay! This is where a debt settlement program can provide relief by helping you manage or reduce your debt obligations.
During the Program: As your monthly credit card payments decrease or are paused, you may see more cash flow available. This gives you room to handle other essential expenses or build a small emergency fund.
3. Plan for the Future
The sheet isn’t just about tracking—it’s about empowerment. Once you’ve reduced or eliminated debts, you can shift your focus to building long-term financial stability.
Post-Program Goals:
Use the extra cash flow to save for milestones like buying a home or building a college fund.
Revisit categories where you might have overspent and create a sustainable plan that aligns with your goals.
Track progress toward rebuilding your credit or growing a safety net.
4. Check In Regularly
Finances change. Reviewing your Budget Analysis Sheet monthly ensures you stay on top of your expenses and can celebrate your successes, big or small. This practice builds confidence in your ability to manage money effectively.
Why This Matters
Debt resolution isn’t just about clearing debts—it’s about creating a financial foundation you can feel good about. The Budget Analysis Sheet is a tool to guide you through this process, step by step. By understanding and tracking your expenses, you’ll gain the clarity, control, and confidence to make informed decisions about your future.
You’ve already taken a courageous step by considering a debt settlement program. This sheet is your partner on the journey, helping you stay focused and empowered. Remember, your financial challenges don’t define you—your commitment to change does.