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Template for Your Savings & Debt Reduction Budget (Click Here for an Example of a Completed Savings & Debt Reduction Budget)

Description of Savings/debt Reduction Goal	Targeted Balance	Amount Saved/Owed	Desired Completion Date	(1) Minimum/ Automatic Monthly Payments	(2) Extra Monthly Payments
Short-term savings:
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
Long-term non-retirement savings:
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
Retirement savings:
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
Mortgages, student loans, credit cards, and other debts:
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
_______________________________________	_____________	_____________	_____________	_____________	_____________
TOTAL EXPENDITURES ALLOCATED TO SAVINGS AND/OR DEBT REDUCTION
	===========	===========	===========	===========	===========

(1) Amounts in this column should equal amounts reflected on the Monthly Cash Flow Budget

(2) The total of this column should equal the projected surplus per the Monthly Cash Flow Budget

AMAP stands for "as much as possible"

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