(This activity is also available as a blank, downloadable and printable PDF – Download Blank Activity 6 Worksheet)
In this activity, you list your cash expenses and decide whether each one is a need or a want. You’ll use this information later when you put together your money map.
EXAMPLE: Cash Expenses for SEPTEMBER | |||
Expense Description | Need | Want | Amount |
1. Personal Care items from drug store | X | $7.65 | |
2. Meals eaten out | X | $9.20 | |
3. Groceries from supermarket | X | $150.00 | |
4. Doctor visit co-pay | X | $25.00 | |
Expense Description | Need | Want | Amount | |
Add another row | ||||
Total Monthly NEED Cash Expenses | {{ total_need_expenses | toCurrency }} | |||
Total Monthly WANT Cash Expenses | {{ total_want_expenses | toCurrency }} | |||
Total Monthly Cash Expenses | {{ total_need_and_wants | toCurrency }} |
Activities 7 and 8 create two more lists: “Recurring Monthly Expenses” and “Credit/Debit Card Charges.”
The good news is that you don’t have to wait a month to create these lists.