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***** READ FIRST ***** Instructions for completing the 20222023 Income and Expense Budget FormStudent/Spouse (if married) Annual Amount for 2020Sources and amounts of income in 2020Parent(s) if dependent
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Create a list of all sources of income
02
List all fixed expenses like rent/mortgage, utilities, car payments, etc.
03
List all variable expenses like groceries, entertainment, dining out, etc.
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Calculate the total income and expenses
05
Differentiate between needs and wants to prioritize spending
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Set a budget for each category and stick to it
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Regularly review and adjust the budget as needed

Who needs manage your household budget?

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Individuals or families looking to save money for a specific goal or emergency fund
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People who want to reduce financial stress and have a better understanding of their financial situation
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Managing your household budget involves tracking your income and expenses to ensure that you are living within your means and saving for the future.
Anyone who is responsible for managing their own finances and wants to stay on top of their budget should file manage their household budget.
To fill out manage your household budget, you need to list all your sources of income and track all your expenses, including bills, groceries, and discretionary spending.
The purpose of managing your household budget is to ensure financial stability, avoid overspending, and reach your financial goals more effectively.
You must report all sources of income, all expenses, savings goals, and any debt payments on manage your household budget.
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