Mohammed used this form to calculate his income and expenses for each month. Monthly Income Expenses Net pay take home pay): $1600 Housing Expenses: Other income car detailing $100 Rent/Mortgages Total Monthly Income: $1700 Gas/Electricity $475 $35 Other Expenses Food: $220 Car loan: $110 $65 $30 Car insurance $85 Car maintenance & repair: $15 Gasoline: Credit card payments: $50 Telephone: $30 Cell phone: $50 Doctors/dentists Entertainment: $211 1. Cablety (530) 2. Restaurants & clubs ($113) 3. Subscriptions (528) 4. Other (540) Clothing $30 Other expenses $98 1. Cigarettes (580) 2. Gym membership (518) Total Monthly Expenses: $1504 (Sometimes people pay a bill once a year. You can divide the yearly bill by 12 to calculate how much it is monthly.) After you figure out (finding and analyzing) your Total Monthly Income and Total Monthly Expenses, you can figure out how much extra money you have each month or your Income after expenses. This is the money you can use to save for your goal(s) or invest. Directions: Use the numbers from the worksheet to find Mohammed's Income after Expenses each month. Mohammed's Total Monthly Income Mohammed's Total Monthly Expenses Mohammed's Monthly Income after Expenses