| CreditGUARD Home Budget Analysis Tool Instructions: (Note: Please replace the sample data with your own.) |
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Definition of Terms |
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| Your income: | Your total gross income from your paycheck |
| Other income: | Any other income that you receive including bonuses, alimony, child support or income from a business |
| Federal tax withholding: | Total amount withheld for federal taxes. Enter this amount from your paystub. |
| State tax withholding: | Total amount withheld for state taxes. Enter this amount from your paystub. |
| Local tax withholding: | Total amount withheld for local taxes. Enter this amount from your paystub. |
| Other taxes and withholdings: | Total amount withheld for any other taxes or miscellaneous item. Enter this amount from your paystub. |
| FICA: | Total withheld for FICA based on the gross income on you paycheck |
| Medicare: | Total withheld for Medicare based on the gross income on you paycheck |
| Insurance and benefits: | Total amount withheld for insurance and benefits by your employer. Enter this amount from you paystub. |
| Company savings plan: | Total amount withheld from your paycheck that is deposited into a company savings plan such as a 401(k) or 403(b) |
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Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. |
| 800-500-6489 • CreditGuard of America • www.creditguard.org |