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 |
$______ |
