Get the free 2016/2017 Living Expense Worksheet 2015 Tax Year - umflint

Office of Financial Aid Phone: (810)762-3444 303 E Presley Street, 277 UPA Fax: (810) 766-6757 ...

How to fill out 20162017 living expense worksheet

How to fill out the 2016-2017 living expense worksheet:

1. Gather all necessary financial documents such as bank statements, pay stubs, and bills.
2. Determine your sources of income for the specified time period. This may include wages, investments, or any other form of earnings.
3. Calculate your fixed monthly expenses, such as rent/mortgage payments, utilities, insurance premiums, and loan repayments. Enter these values in the appropriate sections of the worksheet.
4. Track your variable expenses, including groceries, transportation costs, entertainment, and healthcare expenses. Categorize these expenses and enter the total amounts in the relevant sections.
5. If you have any additional sources of income or unexpected expenses, include them in the "Other" category of the worksheet.
6. Sum up all your income sources and expenses to calculate your net income. This can be done by subtracting your expenses from your income.
7. Review the worksheet to ensure all amounts are recorded accurately.
8. The completed 2016-2017 living expense worksheet can be used for various purposes such as budgeting, financial planning, or applying for financial aid or loans.

Who needs the 2016-2017 living expense worksheet?

1. Individuals who want to gain a comprehensive understanding of their financial situation.
2. College students or those applying for financial aid, as the worksheet may be required to determine eligibility.
3. Individuals seeking to create a budget or track their expenses for a specific period of time.
4. Financial planners or advisors who assist clients with managing their income and expenses.
5. Individuals applying for loans or credit, as lenders may request this worksheet to assess the borrower's financial stability.

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