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Template for Your Savings & Debt Reduction Budget

(Click Here for an Example of a Completed Savings & Debt Reduction Budget)

 

Description of Savings/debt Reduction Goal

 

Targeted
Balance

 

Amount
Saved/Owed

 

Desired
Completion Date

(1)
Minimum/
Automatic
Monthly Payments

(2)
Extra
Monthly
Payments

Short-term savings:

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

Long-term non-retirement savings:

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

Retirement savings:

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

Mortgages, student loans, credit cards, and other debts:

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

_______________________________________

_____________

_____________

_____________

_____________

_____________

TOTAL EXPENDITURES ALLOCATED TO SAVINGS AND/OR DEBT REDUCTION

===========

===========

===========

===========

===========

(1) Amounts in this column should equal amounts reflected on the Monthly Cash Flow Budget

(2) The total of this column should equal the projected surplus per the Monthly Cash Flow Budget

AMAP stands for "as much as possible"

 

 

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