(How to Use)
Welcome to the Military Budget Planner! This template helps service members track their pay, expenses, savings and financial goals all in one place. Stay on top of your finances and make the most of your military benefits.
| Pay Type | Description | Amount Range | Taxable | Notes |
|---|---|---|---|---|
| Base Pay | Basic military salary | Based on rank/years | Yes | Paid bi-monthly |
| BAH | Housing allowance | Location dependent | No | Varies by location/dependents |
| BAS | Food allowance | Fixed rate | No | Same for all ranks |
| Special Pay | Additional duties | Varies | Yes | Sea duty, flight pay, etc. |
| Total | Combined income | Sum of above | Mixed | Individual total varies |
Note: Actual amounts will vary based on individual circumstances, location, and current military pay tables.
| Expense Category | Budgeted ($) | Spent ($) | Remaining ($) |
|---|---|---|---|
| Rent/Mortgage | $ | $ | $ |
| Groceries | $ | $ | $ |
| Gas/Fuel | $ | $ | $ |
| Insurance | $ | $ | $ |
| Credit Card | $ | $ | $ |
| Monthly Total | $ | $ | $ |
Budget Usage Overview
pie
title "Monthly Budget Utilization"
"Remaining" : 40
"Used" : 60
Visual representation of your monthly budget usage. Update the percentages based on your actual spending.
<aside> 💡 Tip: Try to keep your spending below 80% of your total budget to maintain a healthy savings buffer. The 80/20 budget rule saving 20% of your income and spend 80% of it on other expenses. Ex: If you earn $2,200 per month, you will save $440 (20% 0f $2,200) and spend $1,760 (80% of $2,200)
</aside>
Monthly Savings Progress
graph LR
A[Current Savings] -->|Progress| B[Savings Goal]
style A fill:#90EE90
style B fill:#ADD8E6
Track your progress towards your savings goals with this visual guide.
| Category | Amount |
|---|---|
| Total Debt | $_____ |
| Monthly Payment | $_____ |
| Target Payoff Date | _____ |
Debt Payoff Progress
%%Progress bar for debt payoff
graph LR
A([0%]) -->|Progress| B([100%])
style A fill:#ff6b6b
style B fill:#51cf66