Analyze Expenditures. Make Adjustments.
Analysis of Significant Variances from Last Month:
  • Spouse worked less hours last month due to illness
  • Groceries outlay larger than usual (paper goods)
  • Other expenses higher due to furnace repair
  • Couldn't afford to save last month
  • Higher cost of utilities due to cold weather
Changes to Budget for Next Month:
  • Increase groceries budget by $50 a month (reduce Savings)
  • Sign up for level payment at Power Company
  • Add new budget item for Home Maintenance