Once you have the annual number, you can divide it by 12. Next, call service providers to get an annual figure for your utilities and other expenses.Don’t forget: there are 4.3 weeks per month. You can also include dining out, your children’s allowance, tutors, and child care. This includes groceries, services such as lawn care or housekeeping, dry cleaners, gas for your car, parking, cabs, tolls, or other travel expenses such as subway/metro fares. Then you can move on to anything you pay weekly or that you can calculate by the week.Start with the easy things that have a fixed monthly cost: mortgage, home and car insurance, life insurance, real estate taxes, bills such as cable or Internet, car payment, and anything else you pay each month at a fixed rate.Need more help? Below is a step-by-step list of how to create your living expenses list. Chart expenses by category to make sure you don’t miss anything.You can calculate your monthly living expenses by hand, but you might consider using an Excel spreadsheet or money-management software to help.Ĭalculating living expenses can be difficult.The best sources of information include: bank statements, canceled checks, year-end summaries, and credit card statements.Otherwise, you will likely underestimate your expenses. Keep in mind there are 4.3 weeks per month, not 4.Fill it out for an entire year, so you don’t miss items that you only pay once per year.This can be an onerous task, but here are some hints and tips to make sure yours is done right: Generally, you’ll figure out how much you spend and need to live each month. One area of this form is the section for living expenses. As part of this process, you will need to fill out a Financial Affidavit, which contains an accurate picture of your income, expenses, assets, and liabilities. Get ready to calculate - living expenses, that is.ĭuring divorce, a lot of financial examination takes place so your lawyer or Certified Divorce Financial Analyst can help you divide assets and determine any child or spousal support.
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