Bulletin 917 Counting Your Money - Ohio State University

OHIO STATE UNIVERSITY EXTENSION1Bulletin 917SamplePagesCounting Your MoneyCalendar

Pages2SampleCounting Your MoneyCalendar

What isOhio State University Extension?ContentsOhio State University Extension is an outreach arm of The Ohio StateUniversity. It is designed to share the results of research with Ohiocitizens to help improve the quality of their lives and the environment inwhich they live. Ohio State University Extension is jointly funded byfederal, state, and county governments and private grants. Programsemphasize “empowerment through education.”SamplePagesExtension education programs are offered in four areas: Family andConsumer Sciences, 4-H Youth Development, Community Development,and Agriculture and Natural Resources. Family and Consumer Sciencesprograms focus on the following areas: Healthy Finances: Family economic well-being Healthy People: Diet, nutrition, and health Healthy Relationships: Family developmentHow to Use This “Counting Your Money” Calendar.1Guide One.2Money QuestionsGuide Two. 3Ranking Wants and NeedsGuide Three.4Setting Smart Goals Where Does Your Money Go?Guide Four.6Keep Track of Spending: Monthly Record KeepingGuide Five. 7Making A Spending Plan: IncomeGuide Six.8Making A Spending Plan: Expenses Making Your Monthly BalancedSavings and Spending PlanGuide Seven.11Following Your Balanced Monthly Spending PlanGuide Eight. 12Keeping Money Separate for Paying BillsCalendar Worksheets. 13OSU Extension in Your CountyThere are Extension Educators serving all Ohio counties. Look for “OhioState University Extension” under county government listings in yourtelephone directory, or search extension.osu.edu on the Internet.How to Use This “Counting YourMoney” CalendarFirst, read through all of the pages. Notice the guides that are in the firsthalf of the calendar. After reading through all of the pages, you are readyto begin using the guides.Start with this page. You do not need to complete all of the guides at onetime. Try to do all of the guides within a week, if possible. But, you mayneed to keep spending records for a few weeks before you can completethe “Spending Plan” (Guide Four, page 10). Completing all of the guideswill help you control where your money goes.Working on the guides together with your family is a good idea. As afamily you can discuss your basic and other needs and wants then decidehow to best spend your money. For additional help, contact your localOSU Extension office.–Good Luck!1

2Guide OneMoney QuestionsControlling where your money goes may seem like a hard thing to do.It can be easier than you think. First, answer the following questions.Yes No Is your money gone before the next check comes? Do you often wonder where your money was spent? Do you run out of food or gas for your car before the next checkcomes? Do you receive bill collection notices? Do you dream about buying something, but think you can neverafford it? Do you borrow money or food from family, friends, or agenciesto make ends meet each month? Are some of your bills paid late each month?Pages pleIf you answered “YES” to just one of these questions this calendar canhelp you:1. Find out how much money you have to spend each month.Sam2. Keep spending records to find out how much money you are spendingeach month (where your money actually goes each month).3. Make a plan so you control where your money goes. Remember, if youdon’t control your money, your money will control you!

YEARMONTHWednesdayThursdayFridaySaturday Fixed ExpensesSavings and InvestmentsHousing (mortgage or rent)and MaintenanceUtilities:InsuranceChild Support PaymentDebt RepaymentAllowance(s)Other:Other:Total Fixed Expenses plePagesTuesdaymMondaySaSundayIncomeMoney Left from Last MonthWagesChild Support/AlimonyUnemploymentFood StampsPublic AssistanceSocial SecurityOther:Other:Total IncomeFlexible ExpensesFoodNon-food Grocery ItemsLaundryMedicalTransportationChild CareClothing and LaundryRecreationOther:Other:Occasional ExpensesTotal Flexible ExpensesTotal Expenses(fixed flexible and occasional)IncomeMinus Total ExpensesBalance 13

Receipt File1. File receipts by category AFTER recording expenses2. At end of tax year, transfer receipts required for tax records and insuranceproof of purchase to Long-Term File (for example: medical payments,statement of mortgage payments, furniture purchase receipts, etc.)Ask Your Local Ohio State UniversityExtension Office About AdditionalMaterials On Budgeting:Additional Online Resources:mint.com—manage your budget on the go and track your spending /basics1.asp—what is a budgeting?consumer.gov—what to know and practical money skillsspendster.org—see how much money is wasted on small ng-adulthood—conversationstarters and activities to teach youth of all ages about moneypowerpay.org—create a plan for repaying debt faster and incurring less interestinfo.cashcourse.org—enroll in this personal finances course for freeeSearch budgeting 101.plOhioline Fact SheetsSamPreparing a Net Worth Statement, ohioline.osu.edu/factsheet/hyg-5245Basic Estate Planning: Introduction, ohioline.osu.edu/factsheet/ep-1Getting to Know You, Your Co-spender, and Money,ohioline.osu.edu/factsheet/HYG-5241Don’t Clash Over Cash, ohioline.osu.edu/factsheet/HYG-5208Basic Estate Planning: Miscellaneous Issues,ohioline.osu.edu/factsheet/EP-12This edition 2018 revision by Susan Colbert, program director, CommunityDevelopment & Economic Development, Franklin County, and Melinda Hill,Family and Consumer Sciences educator, Wayne County.Originally written by Deborah K. Barrow, Marilyn Spiegel, and Carolyn McKinney,Ohio State University Extension, 1989.Photos courtesy of freepik.com and pixabay.com25

PagesOHIO STATE UNIVERSITY EXTENSIONFamily and Consumer Sciences342 Campbell 1787 Neil Avenue Columbus, OH 43210fcs.osu.edu 614-688-5378 fcs@osu.eduCollege of Education and Human EcologypleCollege of Food, Agricultural, and Environmental SciencesSam 2018 Ohio State University ExtensionThe Ohio State University is an Affirmative Action/Equal Opportunity institution.917-DEC18-PRI

Counting Your Money Calendar OHIO STATE UNIVERSITY EXTENSION Bulletin 917 Sample Pages. 2 Counting Your Money CalendarSample Pages. 1 . Keeping Money Separate for Paying Bills Sample Calendar Worksheets. 13 Pages. 2 Guide One Money Questions Controlling wh