PERSONAL FINANCE Money Management & Creating a Budget 1. How much income do you receive each month? a. includes job, allowance, gift $, etc. name: 2. Figure out your major expense/spending categories & write them in the chart below. a. clothes, car, savings, entertainment, food, gas, gifts, create your own categories, misc, 3. Write down how much you spend per month in that category. a. spending amounts should add up to your total income 4. Figure out the percentage of your income spent in that category? a. (Amount spent = Total income) (remember all categories should add up to 100%) Total Monthly Income Expense Categories $ $ Amount Spent / Month % of Income