Savings SOS

Use this worksheet to find areas to economize in your life and increase your savings: 

1.  Calculate approximately how much you spend on lunches out each month
and put that amount in the space to the right.
$______      
     
      Now cut that number in half (or eliminate it) and put the savings in the line to the right.   
  $______
2.  How much do you spend on cable television each month?
$______
 
      Reduce by $20 or eliminate and put savings in line to the right.
  $______
3.  How much do you spend buying books/magazines each month?
$______
 
     Eliminate this expense and put savings on line to right.   $______
4.  How much do you spend on call waiting, call id and other non-essential telephone
services each month?   
$______
 
     Eliminate this number and put savings on line to right:   $______
5.  How much are you paying in ATM withdrawal fees or debit card fees each month?
$______
 
     Eliminate this number and put savings on line to right:
  $______
6.  How much do you pay on average each month in checking or savings
account maintenance fees?
$______
 
     Eliminate this number and put savings on line to right:  
  $______
7.  How much do you pay on average for overdraft charges from bounced checks?
$______
 
     Eliminate this number and put savings on line to right:
  $______
8.  How much do you pay for check cashing services or buying money orders each month?
$______
 
     Eliminate this number and put savings on line to right:
  $______
9.  How much do you spend each month on fees for paying bills by phone?
$______
 
      Eliminate this number and put savings on line to right:
  $______
10.  How much do you spend on gas and parking or public transportation
each month for traveling to and from work?   
$______
 
      How much could you save potentially by carpooling, walking, biking or
switching to public transportation?
  $_______
11.  How much do you spend on dinners out (including carry-out) each month? 
$______
 
      Eliminate this number and put savings on line to right:
  $______
12.   How much do you spend on clothing each month?
$______
 
       Reduce by 20% and put savings on right.
  $______
13.  How much do you pay each month for a health club?
$______
 
      If you don’t go very often, or have a cheaper alternative, enter
the monthly savings here.
  $______
14.   How much do you spend on groceries each month?
$______
 
       Reduce by 10% and put savings here.
  $______
15.   How much do you spend each month on buying coffee at coffee shops?  
$______
 
       Eliminate this number and put savings on line to right: 
  $______
16.   How much do you spend on gifts for family and friends each month?
$______
 
       Reduce by 30% and put savings to right.   $______
                                                                                                  Total Spending
$______
 
                                                                                                  Total Savings
  $______

                                                                                                             

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