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Enemy of Debt's Zero-Based Budget

Item Name

Budgeted

Spent

Remaining

Charity

10-15%

Charitable Gifts

$100.00

$100.00

$0.00

Church

$541.00

$541.00

$0.00

$641.00

$641.00

$0.00

$251.11

$226.38

Saving
Debt Snowball

$477.49

College Fund
$477.49

$251.11

$0.00
$226.38

Housing
Homeowners Insurance
$967.29
$267.67

$967.29
$267.67

$1,234.96

$1,234.96

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

Utilities
Cable
$158.92

$63.10
$127.50

$63.10

$35.87
$101.90

$35.87
$101.90

$0.00
$0.00
$0.00
$127.50
$0.00
$0.00
$0.00

$487.29

$359.79

$127.50

$350.00

$180.24

$350.00

$180.24

$169.76
$0.00
$169.76

$229.95

Inspection
Gas & Oil

$16.00
$300.00

$16.00
$34.00

$0.00
$266.00

License & Taxes


Repairs & Tires

$290.45

$290.45

$836.40

$340.45

$0.00
$0.00
$495.95

$229.95

*Clothing
$25.00

Children
Cleaning/Laundry

$25.00
$50.00
$100.00
$325.45

$0.00

$25.00
$50.00
$100.00

$325.45

$0.00

$325.45

$0.00
$0.00
$80.00
$0.00
$15.00
$0.00
$95.00

$80.00
$15.00
$420.45

15.5%
2-7%

$25.00

Medical/Health
Disability Insurance
Doctor Bills
Prescription Drugs
Health Insurance
Co-pays
Optometrist

6.5%
10-15%

Car insurance

Adults

9.0%
5-15%

*Transportation

Dentist

22.8%
5-10%

$0.00
$158.92

*Food
Grocery
Restaurants

8.8%
25-35%

$0.00

Rent
Renter's Insurance
Repairs/Maintenance
Replace Furniture

Electricity
Gas
Internet
Cell Phone
Phone
Trash
Water

11.8%
5-10%

$0.00

Replenish BEF

Mortgage
Second Mortgage
Real-Estate Taxes

Recommended %

1.8%
5-10%

7.8%

*Personal
Snap Fitness
BLOW $$ Husband
BLOW $$ Wife
Taxes
Child Care
Child Support
Cosmetics
Education/Books
Gifts (incl. Christmas)
Hair Care
Miscellaneous
Organization Dues
Pet Supplies
School Supplies
School Tuition
Subscriptions
Toiletries
Other

5-10%

$30.00

$30.00

$30.00
$19.95
$280.00

$30.00
$19.95
$40.00

$177.95

$0.00

$50.00
$0.00
$0.00

$20.00
$31.00
$7.00

$127.00

$707.95

$0.00
$0.00
$240.00
$0.00
$0.00
$150.00
$0.00
$0.00
$0.00
$0.00
$0.00
$13.00
$0.00
$127.00
$0.00
$0.00
$530.00

$150.00

$20.00
$31.00
$20.00

$0.00
$0.00

*Recreation
Entertainment
Vacation

$50.00

Debts
Credit Card 1
Credit Card 2

0.9%

0%

$25.00
$52.23

$25.00
$52.23

Credit Card 3
Credit Card 4
Credit Card 5
HEL
Student Loan 1
Student Loan 2
Student Loan 3
Car Loan 1
Car Loan 2
Other
Other

13.1%

5-10%

$50.00

$0.00

$27.48

$104.71

$0.00

$0.00
$0.00
$0.00
$27.48
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$104.71

1.9%

**Zero-Based Budget - The idea of a zero based budget is that you give every dollar a name before the month begins. If you make $3,500 every month then you would budget every dollar
until the number in the "Remaining to Budget" cell (I-37) is $0. It only works if you do it, so do it and watch your money start to work for you!!
**Envelope System - A system that you can use along with your budget to help you spend less each month. Fill the recommended budget envelopes (labeled with an asterisk), with cash
each time you get paid and when the cash runs out for each envelope, stop spending. Use your debit card for big purchases like housing and utilities or anything that can be paid online.
**Debt is NOT a tool, so one of the very first things you should STOP doing is borrowing any more money. Cut up your credit cards and close the account. If you have not completed Baby
Step 1, then leave yourself with 1 credit card. ONLY use that credit card for real emergencies and do everything you can to get that Emergency Fund fast. The sooner you can get rid of
that last credit card the better. It is pretty liberating to finally say NO to credit card companies forever!
YOU DO NOT HAVE TO BUDGET FOR EVERY CATEGORY LISTED ABOVE!! It is just a guideline to help you consider possible important areas to budget for. You can customize to fit your expenses each month.

WWW.ENEMYOFDEBT.COM

Income Sources
Week One
Paycheck (3/6)

$200.00

Tips

$350.00

Ebay

$97.50

$647.50

WeekOneTotal
Week Two
Paycheck (3/13)
Tips

$1,450.00
$350.00

Ebay

$27.75

$1,827.75

Week Two Total


Week Three
Paycheck (3/20)
Tips
Tax Return

$200.00
$350.00
$685.00

$1,235.00

Week Three Total


Week Four
Paycheck (3/27)
Tips
Yard Sale

$1,200.00
$350.00
$150.00

Week Four Total

$1,700.00

Other Total

$0.00

Monthly Net Income

$5,410.25

Remaining to Budget

$0.00

Other
Extra Week

$0.00

Notes & Reminders For Next Budget

Irregular Expenses

Date

Amount Due

Total

$0.00

**Irregular Expenses - These items can kill any budget. Make sure you plan ahead for them. I placed this
here as a reminder. Be sure to add items to Lump Sum Payment Worksheet located in the Savings tab.

m k,
Dave Ramsey's Baby Steps (Current Baby Step)
Baby Step 1- Save $1,000 for your Baby Emergency Fund ($500 if income is less than $20K).
Baby Step 2- Pay off DEBT from smallest to largest using the Debt Snowball (except
house).
Baby Step 3- Fully Fund your Emergency Fund by saving 3/6 months of expenses.
Baby Step 4- Invest 15% of your GROSS income for retirement. (Roth IRA's & Mutual
Funds).
Baby Step 5- Start saving for kid's college.
Baby Step 6- Pay off Mortgage early.
Baby Step 7- Build wealth, give, and enjoy Financial Peace!

Additional Resources
DAVERAMSEY.COM

48DAYS.COM

Kids & Money

Total Money Makeover

212 Connection

Enemy of Debt

Financial Peace University

BRIANTRACY.COM

give every dollar a name before the month begins. If you make $3,500 every month then you would budget every dollar
" cell (I-37) is $0. It only works if you do it, so do it and watch your money start to work for you!!
dget to help you spend less each month. Fill the recommended budget envelopes (labeled with an asterisk), with cash
ope, stop spending. Use your debit card for big purchases like housing and utilities or anything that can be paid online.
P doing is borrowing any more money. Cut up your credit cards and close the account. If you have not completed Baby
card for real emergencies and do everything you can to get that Emergency Fund fast. The sooner you can get rid of
tter. It is pretty liberating to finally say NO to credit card companies forever!

!! It is just a guideline to help you consider possible important areas to budget for. You can customize to fit your expenses each month.

NEW COLOR CODE LEGEND


Light Yellow - Require your input.
Mint Green - Formulas exist, DO NOT MODIFY.
Except for cell N4, these cells require your attention either because
you spent more than you budgeted, or percentage of income spent
in a category is above recommended percentage.

Enemy of Debt's Allocated Spending Plan


Pay Week~~~>

Week One

Week Two

Week Three

Week Four & Extra


Week

Income~~~>
Remaining~~~>

$647.50

$1,827.75

$1,235.00

$1,700.00

0.00

$0.00

$0.00

$1,700.00

Budgeted (from left side)


Charitable Gifts

$641.00
$641.00

$64.75
$64.75

/ $582.75

$182.25
$182.25

Charity
/ $1,645.50

$124.00
$124.00

/ $1,111.00

$350.05

/
/
/

/ $1,700.00
$0.00

Actual Spent

$371.00

Saving
Debt Snowball

$477.49

College Fund
Replenish BEF

$0.00
$0.00
$477.49

Homeowners Insurance
Mortgage
Second Mortgage

/ $531.64
/ $531.64
/ $531.64

$51.11
$0.00
$967.29
$267.67

Real-Estate Taxes
Rent
Renter's Insurance
Repairs/Maintenance
Replace Furniture

$51.11

$267.67

$0.00
$0.00
$0.00
$0.00
$0.00
$1,234.96

/ $1,645.50
/ $1,645.50
/ $1,645.50
$0.00

/
/
/
/
/
/
/
/

$531.64
$531.64
$263.97

$967.29

$263.97
$263.97
$263.97
$263.97
$263.97

$267.67

$760.95
$760.95

$350.05

Housing
/ $1,645.50
/ $678.21
/ $678.21
/ $678.21
/ $678.21
/ $678.21
/ $678.21
/ $678.21

$967.29

/ $1,700.00
/ $1,700.00
/ $1,700.00

$760.95

$401.16

$0.00

/
/
/
/
/
/
/
/

$760.95
$760.95
$760.95
$760.95
$760.95
$760.95
$760.95
$760.95

$0.00

/
/
/
/
/
/
/
/

$1,700.00
$1,700.00
$1,700.00

/
/
/
/
/
/
/
/

$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00

$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00

$1,234.96

$0.00

Utilities
Cable
Electricity
Gas
Internet
Cell Phone
Phone
Trash

$0.00
$158.92
$0.00
$63.10
$127.50
$0.00
$35.87

Water

$63.10

$35.87

$101.90
$487.29

/
/
/
/
/
/
/
/

$263.97
$263.97
$263.97
$200.87
$200.87
$200.87
$165.00
$165.00

$98.97

$158.92

$127.50

$101.90

/
/
/
/
/
/
/
/

/
/
/
/
/
/
/
/

$678.21
$519.29
$519.29
$519.29
$391.79
$391.79
$391.79
$289.89

$388.32

$760.95
$760.95
$760.95
$760.95
$760.95
$760.95
$760.95
$760.95

$0.00

$487.29

$1,700.00

$0.00

Food
Grocery
Restaurants

$350.00
$0.00
$350.00

$50.00

/
/

$115.00
$115.00

$50.00

Car insurance
Inspection

$229.95
$16.00

Gas & Oil


License & Taxes
Repairs & Tires

$300.00
$290.45
$0.00
$836.40

$50.00

$100.00

/
/

$189.89
$189.89

$100.00

/ $115.00
/ $115.00
/ $65.00
/ $65.00
/ $65.00

$50.00

$200.00

/
/

$560.95
$560.95

$200.00

Transportation
/ $189.89
$329.95
/ $189.89
$16.00
$85.18
/ $104.71
$25.00
/ $104.71
/ $104.71
$85.18

/ $1,700.00
/ $1,700.00

$350.00

$0.00

/
/
/
/
/

/
/
/
/
/

$231.00
$215.00
$190.00
$190.00
$190.00

$370.95

$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00

$506.13

$0.00

Clothing
Adults
Children
Cleaning/Laundry
$100.00
Dentist
Disability Insurance
Doctor Bills
Prescription Drugs
Health Insurance
Co-pays
Optometrist

$25.00
$25.00
$50.00
$100.00

$25.00

/
/
/

$25.00
$325.45
$0.00
$0.00
$80.00
$0.00
$15.00
$0.00

/
/
/

$65.00
$40.00
$40.00
$0.00

/
/
/
/
/
/
/

$40.00
$40.00
$40.00
$40.00
$40.00
$40.00
$40.00

$104.71
$104.71
$104.71

$25.00
$50.00
$75.00

Medical/Health
/ $104.71
/ $104.71
/ $104.71
/ $104.71
$80.00
/ $104.71
/ $104.71
$15.00
/ $104.71

/
/
/

/ $1,700.00
/ $1,700.00
/ $1,700.00

$165.00
$165.00
$115.00

$100.00

$0.00

/
/
/
/
/
/
/

$115.00
$115.00
$115.00
$35.00
$35.00
$20.00
$20.00

/
/
/
/
/
/
/

$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00

$95.00

$95.00

/
$420.45

$40.00

$0.00

$104.71

$0.00

/ $1,700.00

$20.00

$95.00

$0.00

Personal
Snap Fitness
BLOW $$ Husband
BLOW $$ Wife
Taxes

$0.00
$30.00
$30.00
$19.95

Child Care
Child Support
Cosmetics
Education/Books
Gifts (incl. Christmas)
Hair Care
Miscellaneous
Organization Dues
Pet Supplies
School Supplies
School Tuition
Subscriptions
Toiletries
Other

$40.00

$280.00
$0.00
$0.00
$150.00
$0.00
$0.00
$0.00
$20.00
$31.00
$20.00
$0.00
$127.00
$0.00
$0.00
$707.95

/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/

/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/

$40.00
$40.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$40.00

$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71

$0.00

$20.00

/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/

/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/

$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$20.00
$0.00
$0.00
$0.00
$0.00
$0.00

$20.00

$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00

$60.00

$0.00

Recreation
Entertainment
Vacation

$50.00
$0.00
$50.00

/
/

$0.00
$0.00

$0.00

/
/

$104.71
$104.71

$0.00

/
/

$0.00
$0.00

$0.00

/ $1,700.00
/ $1,700.00

$0.00

$0.00

Debts
Credit Card 1
Credit Card 2
Credit Card 3
Credit Card 4
Credit Card 5
HEL
Student Loan 1
Student Loan 2
Student Loan 3
Car Loan 1
Car Loan 2
Other
Other

/
/
/
/
/
/
/
/
/
/
/
/
/

$25.00
$52.23
$0.00
$0.00
$0.00
$0.00
$27.48
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$104.71

$0.00

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$25.00
$52.23
$27.48
$104.71

/
/
/
/
/
/
/
/
/
/
/
/
/

$104.71

$0.00

/ $1,700.00

$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$104.71
$79.71
$27.48
$0.00

/
/
/
/
/
/
/
/
/
/
/
/

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

/
/
/
/
/
/
/
/
/
/
/
/

$0.00

$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00
$1,700.00

$104.71

$0.00

Allocation Spending Plan - This sheet look much more complicated than it actually is. It allows you to split your budget into weeks and spend each weeks pay separately. REMEMBER that you only
have to enter info in the tan /yellow cells. For instance, if you change the name of a budget item on the left, it will automatically change on the allocated spending worksheet. (Example: B-8) So that
you don't have to go back and forth from zero based to allocation sheet I have inserted column AA to show you how much you have to allocate for each category. If you are in the third week for
example on the allocation side and you want to know how much you have left to spend in the food category you would just look at cell AA-34. I used this sheet for February and just added some
new stuff because I was sick of feeling like I was entering the same data twice, as well as going back and forth. It's really simple. Do your zero based budget first, and then spend each paycheck
each week. In column "M" the items you actually budgeted for on the left will be bold so that they stand out more. I hope this makes budgeting easier for you so you ultimately spend less time doing it!!

WWW.ENEMYOFDEBT.COM

Remaining

$270.00

$76.33

$0.00

$0.00

$0.00

$330.27

$0.00

$325.45

$325.45

$647.95

$50.00

pay separately. REMEMBER that you only


pending worksheet. (Example: B-8) So that
ategory. If you are in the third week for
sheet for February and just added some
dget first, and then spend each paycheck
you so you ultimately spend less time doing it!!

$0.00

Checkbook Register

March 2009
Ending Balance From Previous Month ~~~~>

Item Description
Citimortgage
Electric
Water/sewage
Direct Deposit
AT&T
Fuel Envelope (Check # 12001)
Day Care (Check# 12002)

Date (mm/dd)
1-Mar
5-Mar
5-Mar
5-Mar
8-Mar
8-Mar
10-Mar

Debit
$967.29
$158.92
$101.90

Credit

$1,450.00
$127.50
$200.00
$140.00

Ending Balance ~~~~>

$2,000.00
Balance
$1,032.71
$873.79
$771.89
$2,221.89
$2,094.39
$1,894.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39
$1,754.39

$1,754.39

Checkbook Register - I created this because I wanted to enable you to record your checkbook transactions and your budget items
at the same time, in the same place. I have found it helpful so I hope you do too. Remember to transfer your ending balance to
the next month's checkbook register on the last day of the month.

*
*
*
*
*
*

Enemy of Debt's Savings Allocation Worksheet


Item
March
Baby Step 1 - (BEF)
Baby Step 3 - (FFEF)
Retirement Fund
College Fund
Real Estate Taxes
Homeowner's Insurance
Repairs/Maintenance
Replace Furniture
Car Insurance
Car Repair
Car Replacement
Disability Insurance
Health Insurance
Doctor
Dentist
Optometrist
Life Insurance (Term)
School Tuition
School Supplies
Gifts (Including Christmas)
Vacation
Other
Other
Other
BALANCE TOTALS

April

$1,000.00

May

Balance Month By Month


June

July

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$1,336.36
$226.68
$600.00

$166.68

$80.00

$40.00

$3,449.72

**Savings Allocation Worksheet - This worksheet is used to tell every dollar of your savings where to go.
**Baby Emergency Fund (BEF) - Should remain at $1,000 at all times. If you have a REAL emergency and
need to use your BEF, then you need to replenish this fund before you save or pay off anything else.
**Fully Funded Emergency Fund (FFEF) - 3/6 months of expenses.
**Emergency Funds - Should be saved in a separate account. Money Market or Online Savings Account.

Enemy of Debt's Lump Sum Payment Worksheet


Item Needed
Real Estate Taxes

Previous Balance

Total Needed

Homeowner's Insurance
Home Repairs

$1,166.69

$2,000.00

Replace Furniture
Medical Bills

$125.01

$500.00

$40.00

$480.00

Health Insurance
Life Insurance (Term)
Disability Insurance
Car Insurance

$170.01

$340.00

Property Taxes
Car Repair

$500.00

$1,200.00

Tags/Registration

$45.00

$60.00

Replace Car
Clothing
Tuition
IRS (Self-Employed)
Vacation
*Gifts (including Christmas)*

$0.00

$400.00

Other
Other
Other
Totals

$2,046.71

$4,980.00

/ months left =

/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/6=
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =
/ 10 =
/ 12 =
/ 12 =
/ 12 =
/ 12 =

Monthly Amount
$0.00

Actual To Date
$0.00

$0.00

$0.00

$166.67

$1,333.36

$0.00

$0.00

$41.67

$166.68

$0.00

$0.00

$40.00

$80.00

$0.00

$0.00

$56.67

$226.68

$0.00

$0.00

$100.00

$600.00

$5.00

$50.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$40.00

$40.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$450.00

$2,496.71

**Lump Sum Payment Worksheet - This worksheet will help you plan your lump sum payments ahead of time. By saving an equal portion each month you avoid having to
spend a lump sum from one months pay. Divide total amount needed by the number of months left till payment is due. (ex. $1000 / 4 = $250 per month for four months.
* IMPORTANT*- If you change the number of months left, you must change the formula to the right as well. Ex. [/ 10 =] ~~> [=(c59/10)] *IMPORTANT*

August
$1,000.00

$1,000.00

Remaining
$0.00
$0.00
$666.64
$0.00
$333.32
$0.00
$400.00
$0.00
$113.32
$0.00
$600.00
$10.00
$0.00
$0.00
$0.00
$0.00
$0.00
$360.00
$0.00
$0.00
$0.00
$0.00
$2,483.29

you avoid having to

h for four months.

(c59/10)] *IMPORTANT*