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Appendix IVB USE OF THE CHILD SUPPORT GUIDELINES (Includes Amendments through those effective June 1, 2020) GENERAL INFORMATION Completion and Filing of the Worksheet A child support guidelines' worksheet

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How to fill out use of weekly amounts

1. To fill out use of weekly amounts, follow these steps:
2. Start by gathering all relevant financial information for the week.
3. Determine your total income for the week, including any wages, salary, or other sources of income.
4. Calculate your total expenses for the week, including fixed expenses like rent or mortgage payments, utility bills, and loan payments.
5. Identify variable expenses such as groceries, transportation costs, entertainment, and other discretionary spending.
6. Subtract your total expenses from your total income to find out if you have a surplus or a deficit.
7. If you have a surplus, you can allocate the extra amount towards savings, debt repayment, or any other financial goals.
8. If you have a deficit, you may need to reduce your expenses or find ways to increase your income.
9. Monitor your weekly amounts regularly and make adjustments as necessary to stay on track with your financial goals.

Who needs use of weekly amounts?

1. Anyone who wants to manage their finances effectively can benefit from using weekly amounts.
2. This practice is particularly useful for individuals or families who have fluctuating or irregular income.
3. It helps in budgeting, tracking expenses, and ensuring that income is allocated efficiently.
4. By using weekly amounts, individuals can have better control over their finances, make informed decisions, and avoid overspending.
5. Overall, anyone who wants to improve their financial management skills can make use of weekly amounts.

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