Wages and Income Sources

Gross Income $85,000 Gross Income Monthly $7,083 Instructions: Download your own copy of the the template. All inputs are in blue, everything in black is a calculation, everything in green is a reference to the wage inputs tab, only adjust blue inputs

Work Bonus Potential $20,000 Taxes Taken per Paycheck $2,000

Total Gross Income $105,000 Monthly After Tax Income $5,083

Breakdown of Your Monthly Income and Expenses

Monthly Income $5,083

Plus: Outside Contributions $0

Less: Mortgage / Rent $1,500 30%

Less: HOA Dues $0 0%

Less: Utilities $240 5%

Less: Food $1,000 20%

Less: Entertainment $300 6%

Less: Student Loan $500 10%

Less: Miscellaneous $250 5%

Less: Max Car Monthly Expenses $763 15%

Remainder Left for Savings $531

Estimated Savings per Year $6,370

Work Bonus Potential Post Tax $12,000

Target Amount of Savings $15,750 15%

Savings Surplus / (Deficit) $2,620