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Project Independence Ex-cons Money Management

My ExpensesDirections: List the amounts you think youll spend in the first column. Then fill in your actual costsin column two. Subtract your actual amount form your estimated amount to see how much youresaving or over-spending.

Expense Estimated Amount Actual Amount Spent Savings/LossHousing

Rent/mortgage $ _____________ $ ________________ $ _________ Utilities $ _____________ $ ________________ $ _________ Phone $ _____________ $ ________________ $ _________ Other $ _____________ $ ________________ $ _________

Food $ _____________ $ ________________ $ _________

Transportation Car payment $ _____________ $ ________________ $ _________ Gas/Repairs $ _____________ $ ________________ $ _________ Insurance $ _____________ $ ________________ $ _________ Bus/light

rail/subway

$ _____________ $ ________________ $ _________

Other $ _____________ $ ________________ $ _________

Health Care Insurance $ _____________ $ ________________ $ _________ Co pay $ _____________ $ ________________ $ _________ Payments $ _____________ $ ________________ $ _________

Loan Payments $ _____________ $ ________________ $ _________Credit Cards $ _____________ $ ________________ $ _________School/Training $ _____________ $ ________________ $ _________

Personal/Family Child Support $ _____________ $ ________________ $ _________ Child Care $ _____________ $ ________________ $ _________ Clothing $ _____________ $ ________________ $ _________ Toiletries $ _____________ $ ________________ $ _________ Other $ _____________ $ ________________ $ _________

Legal Restitution $ _____________ $ ________________ $ _________ Other $ _____________ $ ________________ $ _________

Savings $ _____________ $ ________________ $ _________Entertainment $ _____________ $ ________________ $ _________Other $ _____________ $ ________________ $ _________

TOTALS $ _____________ $ ________________ $ _________

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Project Independence Ex-cons Money Management

My Personal Spending Plan

Income Estimated Amount Actual Amount Received Over/UnderAfter-tax wages $ _____________ $ ________________ $ _________After-tax wages fromspouses income

$ _____________ $ ________________ $ _________

Tips, bonuses, cash

from hobbies

$ _____________ $ ________________ $ _________

Unemploymentcompensation

$ _____________ $ ________________ $ _________

Public Assistance $ _____________ $ ________________ $ _________Child support $ _____________ $ ________________ $ _________Food Stamps $ _____________ $ ________________ $ _________Other $ _____________ $ ________________ $ _________Other $ _____________ $ ________________ $ _________

TOTALS $ _____________ $ ________________(a) $ _________

Expense Estimated Amount Actual Amount Spent Savings/LossHousing $ _____________ $ ________________ $ _________Food $ _____________ $ ________________ $ _________Transportation $ _____________ $ ________________ $ _________Health Care $ _____________ $ ________________ $ _________Loan Payments $ _____________ $ ________________ $ _________Credit Cards $ _____________ $ ________________ $ _________School/Training $ _____________ $ ________________ $ _________Personal/Family $ _____________ $ ________________ $ _________

Legal $ _____________ $ ________________ $ _________Savings $ _____________ $ ________________ $ _________Entertainment $ _____________ $ ________________ $ _________Other $ _____________ $ ________________ $ _________

TOTALS $ _____________ $ ______________(b) $ _________

Compare Actual Income and ExpensesActual monthly income $ _______________________________(a)(minus) actual monthly expenses - $ _______________________________(b)

$ _______________________________

Do you have enough income to cover your expenses? If not, can you increase yourincome? Review your expenses and determine if there are any you can cut or at leastdecrease.

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Project Independence Ex-cons Money Management

Choosing a Bank Thats Right for You

Name of bank: __________________________________________________________

Phone number: _________________________________________________________

Branch information:

Location nearest your home: ______________________________________ Location nearest your work:_______________________________________ Number of branches: ____________________________________________

Number of ATMs: ________________________________________________________

Bank hours: ____________________________________________________________

Are your funds FDIC insured? ______________________________________________

Types of accounts: _______________________________________________________

Amount of initial deposit required: ___________________________________________

Fees:

Must maintain a minimum daily balance of: __________________________ Must maintain an average daily balance of: __________________________

Monthly maintenance charge: ____________________________________

Interest:

How much interest do you earn on your account? _____________________ How is it calculated? ___________________________________________

Charges:

Printing checks: ______________________

Bouncing checks: _____________________ Stopping checks: _____________________ Certifying checks: _____________________ Incarceration penalty: __________________

Balance inquiries:

At teller window: ______________________ Over the Internet: _____________________ At ATMs: ____________________________ By phone: ____________________________

Special services:

Internet banking: ______________________ Fund transfer by phone: ________________ Debit card: ___________________________ Educational classes: ___________________

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Project Independence Ex-cons Money Management

My Action Plan

Main message for me from this session:

My personal commitment to action:

Obstacles that may get in my way:

What I need to do to succeed:

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