Monthly Money Management

Income

Category	Planned Amount	Actual Amount	Difference	Notes
Salary	$2,000	$2,000	$0	Monthly paycheck
Side Hustle	$300	$350	+$50	Freelance work
Total Income	$2,300	$2,350	+$50

Expenses

Category	Planned Amount	Actual Amount	Difference	Notes
Rent/Mortgage	$800	$800	$0	Apartment rent
Utilities	$200	$190	-$10	Electricity, water, etc.
Groceries	$400	$450	+$50	Food and household items
Transportation	$150	$140	-$10	Gas or public transit
Entertainment	$100	$120	+$20	Movies, subscriptions, etc.
Savings	$500	$500	$0	Emergency fund
Miscellaneous	$150	$160	+$10	Unexpected expenses
Total Expenses	$2,300	$2,360	+$60

Summary

• Total Income: $2,350
• Total Expenses: $2,360
• Net Balance: -$10 (Adjustments needed)

Goals for Next Month

• Save an additional $100 by reducing entertainment expenses.
• Plan for any upcoming irregular expenses (e.g., annual insurance).
• Increase side hustle income by taking on one more project.

Insights & Suggestions

• Consider using a budgeting app to track expenses in real-time.
• Set a cap for categories where you often overspend (e.g., groceries or entertainment).
• Automate your savings to ensure consistent contributions.