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Step 19

Identify and document fixed monthly expenses

Fixed expenses are those that do not vary from month to month. Examples of fixed expenses include car payments and mortgage or rent payments. Fixed expenses are the most difficult to manipulate. Use this simple worksheet to determine how much money per month you must dedicate to cover your fixed expenses.

For more information on identifying fixed expenses, read Money Coach Brad Hawkins' advice.

 
 

Fixed Expense Worksheet

Fixed Expenses- Housing $
Mortgage/Rent
Real Estate Taxes
Insurance
Heating/Electricity
Telephone
Water
Trash Service
Fixed Expenses-Transportation $
Auto payment
Insurance
Gas/public transportation
Repairs/maintenance
Fixed Expenses- Child Care $
Child care/babysitters
Child support/alimony
Other $
Total