![]() Here, we calculate the difference between projected and actual income and expense. ![]() A positive net means income is more than expenses, and a negative net means expenses are more than income earned. Finally, the net gives us the difference between expenses and income. The total expenses take the addition of all the possible expenses in one’s lifestyle. The total income is the addition of income from various sources. ![]() Here, we need to enter the set budget/projected balance we plan to allocate from our regular source of income. It sets up an initial budget balance and also gives a projection of the end balance, which expects to be there after deductions of all the expenses from the income. The household budget template captures all the sources of income one has and also the spending.
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