Skip to main content

    Monthly Budget Worksheet

    Enter your monthly income and expenses to see where your money goes — and how much you have left over.

    Monthly Income

    $0

    Monthly Expenses

    $0

    Balance
    $0

    Monthly benefit after Medicare premium deduction

    $

    From a former employer or government job

    $

    Wages, freelance, consulting

    $

    Interest, dividends, 401k/IRA withdrawals

    $

    Rent collected from a property

    $

    Annuity, family support, alimony, etc.

    $
    $

    If paid separately, not through escrow

    $
    $
    $
    $
    $
    $
    $
    $

    Standard is $185/month in 2026

    $

    Or Medicare Advantage premium

    $

    After Part D coverage

    $
    $
    $
    $
    $
    $
    $
    $
    $

    Budget a monthly average

    $
    $
    $
    $
    $
    $
    $

    Pay yourself first

    $
    $

    Tips for using this worksheet

    • Use your most recent bank statements or bills to fill in the numbers.
    • For irregular expenses (car repairs, medical bills), estimate a monthly average.
    • If your balance is negative, start with your largest expense categories and look for one thing to reduce.
    • Many seniors qualify for programs that lower costs — see our Senior Benefits Finder.