Recording planned expenditure in an organised way can help an individual or household to estimate future spending. Below is a sample expenditure record for the Mulholland family for January to April.
Mulholland family Jan Feb Mar Apr Total
Planned expenditure €€€€€ Fixed
Mortgage
Car insurance Subtotal
Irregular Groceries
Household bills
Car-running expenses Subtotal
Discretionary Entertainment Holidays Subtotal
Total expenditure
1,200 45
1,245
480 260 115 855
50 50 2,150
1,200 45
1,245
480 260 100 840
100 100 2,185
1,200 45
1,245
480 260 105 845
100
1,000 1,100 3,190
1,200 45
1,245
480 260 115 855
400 400 2,500
• Subtotals are calculated by adding together the totals in the expenditure category.
• Totals are calculated by adding together the figures in the monthly columns. • Overall total expenditure is calculated by adding together the three subtotals.
Using the Mulholland family’s expenditure plan, identify:
1. Which category of expenditure is greatest for the family. 2. Which month the family plans to have the greatest expenditure. 3. The greatest expense for the Mulholland family overall.
A
Go to page 19 of your Activities and Accounts Book to practise recording expenditure. Recording expenditure
My expenditure plan A
Go to page 23 of your Activities and Accounts Book to record your planned expenditure for the next four months.