MONEYSKILLS

=CMS BUSINESS FINANCE EDUCATION STARTS HERE=

[|Moneyskills Online Learning]

THE BASICS:
Income

A ll sources of actual “take-home” income earned for that month. Also list any income you receive from other sources, such as a part-time job, tax refund, gifts, and dividends.

• Total the income entries to determine your actual income for that month. __** Savings **__ • The amount you deposit in saving accounts each month from your take-home income. __ Expenses __ • All your fixed and variable expenses. Fixed expenses are set amounts for items and services that you must have and pay for this month. Variable expenses change monthly and are paid on a quarterly, semi-annual, or annual basis. __ Total __ • List your total income, then subtract total savings and total expenses to get the balance remaining.