Personal Budget aiming to live within income and save

Budget Items Estimated Value

Medical Aid – hospital plan; planned medicine

Funeral cover

Retirement funding



Electricity and water


Clothes – don’t forget school clothes

Cell phone

Life insurance

Debt payment – try to keep this to zero

Total Expenses 1

Basic pay minus tax and benefits 2

Available for Saving from basic income 3=2-1

Allowances 4

Average Overtime 5

Available for saving for studies and luxuries 6=3+4+5