Scribd
Upload
127 views4 pages

Budget Ratios Worksheet

Shardul Singh earned $700,000 in annual income. The document outlines ideal monthly budget ratios and payments compared to his actual ratios and payments. While his ideal housing budget was 30% of spendable income, his actual spending on housing was only 4.14% of income. Overall, his actual expenditures were 27.52% of income, leaving a surplus of $420,400.

Uploaded by

SHARDUL SINGH SENGAR PGP 2015-17
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
127 views4 pages

Budget Ratios Worksheet

Shardul Singh earned $700,000 in annual income. The document outlines ideal monthly budget ratios and payments compared to his actual ratios and payments. While his ideal housing budget was 30% of spendable income, his actual spending on housing was only 4.14% of income. Overall, his actual expenditures were 27.52% of income, leaving a surplus of $420,400.

Uploaded by

SHARDUL SINGH SENGAR PGP 2015-17
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Name: SHARDUL SINGH Date: 27/03/2018

Annual Income
Earned Income #1 $ 700,000.00
Earned Income #2 $ -
Real Estate (NET) $ -
Business (NET) $ -
Interest Income $ -
Dividend Income $ -
Royalty Income $ -
Total Income $ 700,000.00

Ideal Ratios and Corresponding Payments Actual Ratios and Corresponding Payments

Item Ratio Annual Monthly Item Ratio Annual

Tithing 10.00% $ 70,000.00 $ 5,833.33 Tithing 0.00% $ -


Taxes 28.50% $ 199,500.00 $ 16,625.00 Taxes 17.14% $ 120,000.00
Total $ 269,500.00 $ 22,458.33 Total $ 120,000.00

Net Spendable Income $ 430,500.00 $ 35,875.00 Net Spendable Income $ 580,000.00

Housing 30.00% $ 129,150.00 $ 10,762.50 Housing 4.14% $ 24,000.00


Parking
Rent
Insurance
Gas
Electricity
Cell Phone
Internet
Telephone
Long Distance
Other
Auto 4.00% $ 17,220.00 $ 1,435.00 Auto 3.10% $ 18,000.00
Car Loan #1
Car Loan #2
Insurance
Gas
Maintenance
Other
Food 4.00% $ 17,220.00 $ 1,435.00 Food 12.41% $ 72,000.00
Groceries
Dining Out
Other
Clothing 5.00% $ 21,525.00 $ 1,793.75 Clothing 1.66% $ 9,600.00
Clothing
Work Clothes
Insurance 3.00% $ 12,915.00 $ 1,076.25 Insurance 0.00% $ -
Health
Disability
Life
Other
Medical/Dental 3.00% $ 12,915.00 $ 1,076.25 Medical/Dental 0.41% $ 2,400.00
Medical
Dental
Ent/Recreation 2.00% $ 8,610.00 $ 717.50 Ent/Recreation 5.79% $ 33,600.00
Entertainment
Recreation
Travel
Education
OTher
Miscellaneous 0.50% $ 2,152.50 $ 179.38 Miscellaneous 0.00% $ -
Hair Stylist
Household Goods
Gifts
Other
School/Childcare 0.00% $ - $ - School/Childcare 0.00% $ -
Childcare
School
Debt 0.00% $ - $ - Debt 0.00% $ -
Credit Card #1
Credit Card #2
Credit Card #3
Credit Card #4
Other
Savings 5.00% $ 21,525.00 $ 1,793.75 Savings 0.00% $ -
Emergency
Investments
Investments 5.00% $ 21,525.00 $ 1,793.75 Investments 0.00% $ -
Accelerated Debt Payoff
Investment #2

Total Expenditures 27.52% $ 159,600.00

Total Surplus Income $ 420,400.00


orresponding Payments

Monthly Monthly Difference

$ - $5,833.33
$ 10,000.00 $6,625.00
$ 10,000.00 $12,458.33

$ 48,333.33 $12,458.33

$ 2,000.00 $8,762.50
$ -
$ 2,000.00

$ -
$ -
$ -
$ -
$ -

$ 1,500.00 ($65.00)
$ -
$ -

$ 500.00
$ 1,000.00

$ 6,000.00 ($4,565.00)
$ 2,000.00
$ 2,000.00
$ 2,000.00
$ 800.00 $993.75
$ 500.00
$ 300.00
$ - $1,076.25
$ -

$ -
$ -
$ 200.00 $876.25
$ 200.00
$ -
$ 2,800.00 ($2,082.50)
$ 500.00
$ -
$ 2,000.00
$ 300.00
$ -
$ - $179.38

$ -
$ -
$ - $0.00
$ -
$ -
$ - $0.00
$ -
$ -
$ -
$ -
$ -
$ - $1,793.75
$ -
$ -
$ - $1,793.75
$ -
$ -

$ 13,300.00

$ 35,033.33

You might also like