{"id":31,"date":"2026-04-06T11:54:06","date_gmt":"2026-04-06T11:54:06","guid":{"rendered":"https:\/\/basicfinances.org\/?page_id=31"},"modified":"2026-04-07T12:41:58","modified_gmt":"2026-04-07T12:41:58","slug":"create-a-new-budget","status":"publish","type":"page","link":"https:\/\/basicfinances.org\/?page_id=31","title":{"rendered":"Create a New Budget"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h5 class=\"wp-block-heading\">Step one: determine total monthly income for this example we will use $2700<\/h5>\n\n\n\n<h5 class=\"wp-block-heading\">Step two: determine total monthly expenses for this example we will use $2100 this includes rent, utilities, food, transportation, entertainment, and BRS contributions, and car loan payments<\/h5>\n\n\n\n<h5 class=\"wp-block-heading\">Step three: subtract expenses from income to determine your remainder $2700-$2100=$600<\/h5>\n\n\n\n<h5 class=\"wp-block-heading\">Step four: allocate your remainder to savings, debt repayment, or additional expenses<\/h5>\n\n\n\n<p>for this example we will allocate the remainder to be put into savings until two full paychecks are saved in case of an emergency<\/p>\n\n\n\n<p>*this money is good to have on hand during unexpected expenses during PCS*<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Try making your own budget using your personal income and expenses:<\/h3>\n\n\n\n<p>When calculating expenses be sure to include all monthly expenses such as rent, utilities, food, transportation, entertainment, subscriptions, debt payments, and savings contributions.<\/p>\n\n\n<form action=\"\/action_page.php\">\n<p style=\"margin: 20px;\"><label for=\"income\">Total Monthly Income:<\/label><br \/><input id=\"income\" name=\"income\" type=\"number\" \/><\/p>\n<p><label for=\"entertainment\">entertainment:<\/label><br \/><input id=\"entertainment\" name=\"entertainment\" type=\"number\" \/><\/p>\n<p><label for=\"groceries\">groceries:<\/label><br \/><input id=\"groceries\" name=\"groceries\" type=\"number\" \/><\/p>\n<p><label for=\"utilities\">utilities:<\/label><br \/><input id=\"utilities\" name=\"utilities\" type=\"number\" \/><\/p>\n<p><label for=\"transportation\">transportation:<\/label><br \/><input id=\"transportation\" name=\"transportation\" type=\"number\" \/><\/p>\n<p><label for=\"fuel\">fuel:<\/label><br \/><input id=\"fuel\" name=\"fuel\" type=\"number\" \/><\/p>\n<p><label for=\"internet\">internet:<\/label><br \/><input id=\"internet\" name=\"internet\" type=\"number\" \/><\/p>\n<p><label for=\"insurance\">insurance:<\/label><br \/><input id=\"insurance\" name=\"insurance\" type=\"number\" \/><\/p>\n<p><label for=\"rent\">rent:<\/label><br \/><input id=\"rent\" name=\"rent\" type=\"number\" \/><\/p>\n<p><label for=\"car payment\">car payment:<\/label><br \/><input id=\"car payment\" name=\"car payment\" type=\"number\" \/><\/p>\n<p><label for=\"credit card\">credit card:<\/label><br \/><input id=\"credit card\" name=\"credit card\" type=\"number\" \/><\/p>\n<p><label for=\"food delivery\">food delivery:<\/label><br \/><input id=\"food delivery\" name=\"food delivery\" type=\"number\" \/><\/p>\n<p><input type=\"button\" value=\"Calculate Remainder\" \/><\/p>\n<\/form>\n<p><script><br \/>\n        function calculateRemainder() {<br \/>\n            var income = parseFloat(document.getElementById(\"income\").value);<br \/>\n            var entertainment = parseFloat(document.getElementById(\"entertainment\").value);<br \/>\n            var groceries = parseFloat(document.getElementById(\"groceries\").value);<br \/>\n            var utilities = parseFloat(document.getElementById(\"utilities\").value);<br \/>\n            var transportation = parseFloat(document.getElementById(\"transportation\").value);<br \/>\n            var fuel = parseFloat(document.getElementById(\"fuel\").value);<br \/>\n            var internet = parseFloat(document.getElementById(\"internet\").value);<br \/>\n            var insurance = parseFloat(document.getElementById(\"insurance\").value);<br \/>\n            var rent = parseFloat(document.getElementById(\"rent\").value);<br \/>\n            var carPayment = parseFloat(document.getElementById(\"car payment\").value);<br \/>\n            var creditCard = parseFloat(document.getElementById(\"credit card\").value);<br \/>\n            var foodDelivery = parseFloat(document.getElementById(\"food delivery\").value);<\/p>\n<p>            var expenses = entertainment + groceries + utilities + transportation + fuel + internet + insurance + rent + carPayment + creditCard + foodDelivery;<br \/>\n            var remainder = income - expenses;<br \/>\n            document.getElementById(\"result\").innerText = \"Remainder: $\" + remainder.toFixed(2);<br \/>\n        }<br \/>\n    <\/script><\/p>","protected":false},"excerpt":{"rendered":"<p>Step one: determine total monthly income for this example we will use $2700 Step two: determine total monthly expenses for this example we will use $2100 this includes rent, utilities, food, transportation, entertainment, and BRS contributions, and car loan payments Step three: subtract expenses from income to determine your remainder $2700-$2100=$600 Step four: allocate your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-31","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/basicfinances.org\/index.php?rest_route=\/wp\/v2\/pages\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/basicfinances.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/basicfinances.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/basicfinances.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/basicfinances.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31"}],"version-history":[{"count":7,"href":"https:\/\/basicfinances.org\/index.php?rest_route=\/wp\/v2\/pages\/31\/revisions"}],"predecessor-version":[{"id":69,"href":"https:\/\/basicfinances.org\/index.php?rest_route=\/wp\/v2\/pages\/31\/revisions\/69"}],"wp:attachment":[{"href":"https:\/\/basicfinances.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}