Calculate your monthly expenses
Pull out all the bills that you owe. The next step is to fill out the expense sections of the Monthly Spending Plan Worksheet. It is set up to calculate your monthly spending plan, so for quarterly payments, divide the quarterly payment by 3 to get a monthly payment and for annual payments, divide the payment by 12 to get the monthly payment.
Then starting with your housing costs enter your monthly payments for all of the items in that category.
Put the amounts of all monthly payments in each of the items in the following categories: utilities, food, auto, insurance and health, personal, recreation, and debt payments.
Then save the worksheet in a handy place where you can add your planned spending for the future to it tomorrow!