• Home
  • About Me
  • Facing Financial Uncertainty
    • Making Ends Meet
    • Managing Debt
    • Create A Plan To Communicate with Your Creditors
    • Communicate With Your Creditors
    • Plan Your Spending
  • Financial Assessment
    • Assessing the Financial Costs of Using
    • Maintain Organized Financial Records
    • Manage Cash Flow and Build Net Worth
    • What Are My Life Needs?
    • Identify My Life Needs
    • Plan Your Spending
    • Use Credit Wisely
    • Maintain Adequate Insurance Coverage
    • Manage Savings and Investments Wisely
    • Criteria for Selecting Savings and Investments
    • Types of Savings and Investments
    • Maintain Your Pre-Retirement Lifestyle During Retirement
    • Pay Necessary Taxes But No More
    • Create and Maintain A Current Estate Plan
    • Own a Business – Practice Management Assessment
  • Financial Worksheets
    • Cost of Substance Use For One Year Inventory
    • My Life Needs
    • Cash Flow Inventory
    • Net Worth Inventory
    • Sources of Income Inventory
    • Spending Tracker Inventory
    • Types of Expenses
    • How Does My Spending Compare?
    • How Much Do I Owe – Debt Inventory
    • Insurance Inventory
    • Savings and Investment Inventory
    • Location of Important Records
    • Personal and Family Information
    • Professional and Personal Advisers
  • Moving Beyond Losses
    • My Life! Create-Fund- Enjoy
    • Use Family Genogram to Observe Family Functioning Patterns
    • The Decades of My LIfe And How They Have Shaped How I Do What I Do
    • How We Form What We Do
    • Subsystems of the Non-Physical Self
    • What Was My Part?
    • Use My Creative Capacity to Find My Way Through Any Difficulty
    • At Peace or Disturbed
    • Forming How We Meet Our Life Needs
    • Choices and Consequences
    • Not satisfied – what next?
  • About Addiction

Impact of Addiction on Family and Finances

Consciously Form What We Do To Create Positive Financial Outcomes

  • Home
  • About Me
  • Facing Financial Uncertainty
    • Making Ends Meet
    • Managing Debt
    • Create A Plan To Communicate with Your Creditors
    • Communicate With Your Creditors
    • Plan Your Spending
  • Financial Assessment
    • Assessing the Financial Costs of Using
    • Maintain Organized Financial Records
    • Manage Cash Flow and Build Net Worth
    • What Are My Life Needs?
    • Identify My Life Needs
    • Plan Your Spending
    • Use Credit Wisely
    • Maintain Adequate Insurance Coverage
    • Manage Savings and Investments Wisely
    • Criteria for Selecting Savings and Investments
    • Types of Savings and Investments
    • Maintain Your Pre-Retirement Lifestyle During Retirement
    • Pay Necessary Taxes But No More
    • Create and Maintain A Current Estate Plan
    • Own a Business – Practice Management Assessment
  • Financial Worksheets
    • Cost of Substance Use For One Year Inventory
    • My Life Needs
    • Cash Flow Inventory
    • Net Worth Inventory
    • Sources of Income Inventory
    • Spending Tracker Inventory
    • Types of Expenses
    • How Does My Spending Compare?
    • How Much Do I Owe – Debt Inventory
    • Insurance Inventory
    • Savings and Investment Inventory
    • Location of Important Records
    • Personal and Family Information
    • Professional and Personal Advisers
  • Moving Beyond Losses
    • My Life! Create-Fund- Enjoy
    • Use Family Genogram to Observe Family Functioning Patterns
    • The Decades of My LIfe And How They Have Shaped How I Do What I Do
    • How We Form What We Do
    • Subsystems of the Non-Physical Self
    • What Was My Part?
    • Use My Creative Capacity to Find My Way Through Any Difficulty
    • At Peace or Disturbed
    • Forming How We Meet Our Life Needs
    • Choices and Consequences
    • Not satisfied – what next?
  • About Addiction

Types of Expenses

As we think about we manage our money choices, it is important to have enough money to cover the different types of expenses that we have at the time the money is needed.

With the cash flow statement, we can look at the amount of our income, where we spend our money and the amount of money we spend.  We have different kinds of expenses.  We have daily expenses.  We may have weekly expenses.  We have monthly expenses.  We have emergency expenses.  We have major expenses and future goals that require money.  We have seasonal expenses.  We have miscellaneous expenses.

Daily expenses are those expenses we spend money for in a day such as meals away from home, coffee, snacks, nicotine, meals, Uber/Lyft or bus money.

Weekly expenses might be money needed for gas for the car, laundry, personal hygiene, or groceries.  There is a Spending Tracker Worksheet at the end of this lesson that you can use to track your daily expenses and weekly expenses.

Monthly expenses are those bills we pay once a month.  Monthly expenses include rent or mortgage, utility payments, phone bill, health insurance payments, debts or past-due bills.

Emergency expenses include tires, medical expenses, unemployment, car repairs, dental bills, house repairs, appliance replacement or repairs.

Major expenses and future goals include purchases such as buying a different car, buying a house, adding rooms to your home, braces for teeth, paying for education (yours or your children’s), buying a boat or furniture.

Seasonal expenses are those expenses for which we need money on an irregular basis.  Seasonal expenses include school supplies and clothes, house or renter’s insurance, and car insurance.  There is a Seasonal Expense Tracker at the end of this lesson that you can use to track your seasonal expenses.

Seasonal Expense Worksheet

Miscellaneous expenses include civic club dues, games, newspaper or magazine subscriptions, clothes, movies, recreation, and personal care.

Track Your Spending

The spending tracker worksheet can help us look at where our money goes and determine the frequency with which we spend on different purchases.  This provides the information we can use to create a spending plan so we have available as we need it.

As you track your expenses, observe where you are spending your money.  Are you spending money on things you need or spending impulsively or automatically on things that compete with what you really need?

Spending Tracker Worksheet

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About Esther

Esther Maddux

Hi! I’m Esther – Resource Management Consultant.  Join me in discussing family and financial issues related to substance abuse and addiction.

 

Esther Maddux Counseling Services

emaddux@addictionfamilyfinance.com
Hours - Please email to schedule an individual appointment
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