#ILLUSTRATOR BUDGET PLANNER TEMPLATE FULL#

Food and GroceriesĮveryone has to eat - and U.S. If you’re planning something big like a week-long vacation, cross-country drive, or overseas trip, consider creating a separate budget for that expense and saving up for it in advance. Travel expenses include things like weekend getaways, visiting family, traveling for work, or anything that goes beyond your usual expenses with things like plane tickets, hotel stays, and rental car costs.

If you build that option into your monthly expense spreadsheet, saving enough each month to pay for your insurance up front, you’ll come out ahead in the long run.

#ILLUSTRATOR BUDGET PLANNER TEMPLATE FULL#

On the other hand, an older car might need a higher budget to cover the costs of maintenance.Īlso, most car insurance plans let you save money if you pay for a full six months in advance. If you don’t have a car payment, you might include less for transportation in your monthly expense budget. This should include all your regular expenses of commuting and just getting around town. With a 37% percent increase in fuel costs, transportation is the second-largest budget item for most people, with average monthly expenses of about $915, including car payments, gasoline, and insurance expenses. (The numbers that follow in this article are based on Department of Labor data unless another source is cited.) 2. Move to California, and that one-bedroom apartment will set you back $2,723. In 2022, the average monthly rent for a one-bedroom apartment in Kansas is reported at $1,169. Rent varies in a similar way based on where you live geographically. A 15-year loan for the same amount at a 5.8% interest rate (the current national average for 2022) would cost $3,441 per month. Assuming a national average loan size of just over $413,000, a 30-year loan at a 6.59% interest rate (the current national average for 2022) would cost $2,635 per month.

When it comes to a home loan, interest rates and the length of the mortgage also have a powerful effect on your monthly mortgage payments. Cost-of-living calculators can help you adjust your budget estimates based on your location. For example, the median home value in 2022 is $480,275 in New Jersey, but $213,360 in Ohio. Housing and rental costs will vary significantly depending on where you live. 20 Common Monthly Expenses to Include in Your Budget 1. To help you get started, we’ve assembled a list of 20 common things to include in a monthly budget, along with an average amount for each one that you can use as an initial benchmark. Underestimating or missing an expense can throw your whole spending strategy off balance, so it’s a good idea to explore some budgeting norms.

Whether you’re creating a new monthly budget or refreshing an old one, you’ve probably noticed how important (and difficult) it is to get your monthly expenses right.

Illustrator budget planner template