This should be completed if either you or your spouse may seek support or alimony or child support.  You need to get this information together not just because you have your own need to prepare a new budget... but because your attorney will need it and the Court will require it.  This worksheet makes an essential but imposing task a lot easier.

        This worksheet should be used by every couple to plan how to support two households on the same old income.  It will be especially useful whenever support for a spouse or child is an issue.

        The budget can be the most trying of all the worksheets, but it is also the most important, especially if there is not enough money to live as well as you used to or as well as you would like.  The budget work will help you make decisions about your divorce and plan your future.

        You need to know what both you and your spouse spent in the past and estimate what you will each need to spend in the future.  Budgeting your income to pay for two new lives can make for heated argument in any effort to come to an agreement on the terms of your divorce, but before you get into that, get your facts straight.

        After doing all you can, if the budget figures are not working for two households, you may want to meet with a financial consultant.  If you don't know of any, your attorney should be able to suggest someone.
 

Date completing worksheet: _______

Income and expenses in the marriage of:  ______________________________
                                                                   (names)
INCOME
These figures are gross earnings per month.
Earnings received on other periods are pro-rated to a monthly figure.
                                                                                  my income                  spouse's income
Earnings
Salary and wages                                          __________               __________
Commissions                                                 __________               __________

                                              sub-total       __________               __________
                                                                                  my income                  spouse's income
Investment Income
Interest from savings                                      __________               __________
Interest from other accounts                            __________               __________
Dividends                                                      __________               __________
Royalties                                                      __________               __________
Rental income                                                __________               __________
(gross income less cash expenses.
Attach accounting schedule.)
                                              sub-total        __________               __________
                                                                                  my income                  spouse's income
Other Income
Business profits                                              __________               __________
Pensions                                                       __________               __________
Trusts                                                          __________               __________
From retirement accounts (IRA, KEOGH)                __________               __________
Social Security                                               __________               __________
Disability & unemployment                                __________               __________
Spousal Support                                             __________               __________
Child Support                                                 __________               __________
Welfare                                                         __________               __________
Contributions from live-in mates                         __________               __________
Other:                                                          __________               __________

        TOTAL GROSS INCOME             _______________      ________________

Deductions from gross income:
State income tax                                            __________               __________
Federal income tax                                          __________               __________
Social Security or self-employment tax                __________               __________
Health insurance                                             __________               __________
State disability insurance                                  __________               __________
Mandatory pension or retirement deductions         __________               __________
Mandatory union dues                                      __________               __________
Other: (specify)                                              __________               __________

                                                               _______________       _______________
    TOTAL DEDUCTIONS
                                                                                  my income                  spouse's income

                                    _________________      ________________
    NET SPENDABLE INCOME
    (Gross less deductions)

 FIXED EXPENSES

                                    past joint        my future       spouse's future
                            expenses          expenses         expenses

            sub-total    ____________      ____________      _____________
                                    past joint        my future       spouse's future
                            expenses          expenses         expenses

            sub-total   ______________   _____________  _____________
                                    past joint        my future       spouse's future
                            expenses          expenses         expenses

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

FLEXIBLE EXPENSES

 9. Food
Groceries
Meals out (includes school lunches)

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

                         ______________   _____________  _____________
        Sub total

TOTAL EXPENSES

Click here to e-mail questions, suggestions or corrections regarding this page.

                                              Disclosure on Non-Representation Link
                                              Disclosures on Certification of Specialization Link