Budget Planner Template
Complete financial planning toolkit for your career transition
Monthly Expense Tracking Sheet
Essential Expenses
Rent/Mortgage
Utilities (Electric, Gas, Water)
Groceries
Transportation
Insurance (Health, Auto, Home)
Phone & Internet
Discretionary Expenses
Dining Out
Entertainment
Shopping/Clothing
Subscriptions
Personal Care
Miscellaneous
Expense Summary
Essential Expenses:
$3,400
Discretionary Expenses:
$1,000
Total Monthly Expenses:
$4,400
Emergency Fund Calculator
Current Situation
Current Emergency Savings
Monthly Savings Capacity
Target Coverage (Months)
3 Months (Conservative)
6 Months (Recommended)
9 Months (Aggressive)
12 Months (Maximum)
Emergency Fund Goals
3 Months (Minimum)
$13,200
6 Months (Recommended)
$26,400
12 Months (Maximum)
$52,800
Savings Timeline
43
Months to reach goal
Progress to 6-month goal
$5,000
of
$26,400
Income Projection Tools
Current Income Sources
Primary Job (Monthly)
Side Hustle Income
Investment Income
Other Income
Post-Quit Projections
Freelance/Consulting Rate ($/hour)
Billable Hours/Month
Business Growth Rate (%/month)
Income Summary
Current Monthly Income
Primary Job:
$5,000
Side Income:
$800
Investments:
$200
Other:
$100
Total:
$6,100
Projected Post-Quit Income
Month 1:
$6,000
Month 6:
$7,500
Month 12:
$9,000
Break-even Month:
Month 1
Transition Budget Planner
Transition Parameters
Planned Quit Date
Transition Period (Months)
Severance Package
COBRA/Health Insurance (Monthly)
Budget Adjustments
Reduce Dining Out (%)
Reduce Entertainment (%)
Reduce Shopping (%)
Cancel Subscriptions
Transition Summary
Current Monthly Budget
$4,400
Transition Budget
$3,200
Monthly Savings
$1,200
Total Transition Cost
$19,200
Month-by-Month Transition Plan
Month
Income
Expenses
Net Cash Flow
Cumulative
Savings Goal Tracker
Set Your Goals
Emergency Fund Goal
Goal / Current Amount
Career Transition Fund
Goal / Current Amount
Business Startup Fund
Goal / Current Amount
Investment Goal
Goal / Current Amount
Progress Tracking
Emergency Fund
20%
$5,000 of $25,000
Career Transition
13%
$2,000 of $15,000
Business Startup
10%
$1,000 of $10,000
Investment Goal
15%
$3,000 of $20,000
Monthly Allocation Needed
Emergency Fund:
$667/month
Career Transition:
$433/month
Business Startup:
$300/month
Investment Goal:
$567/month
Total Required:
$1,967/month
Your Action Plan Summary
Immediate Actions (Next 30 Days)
Track all expenses for one month using the expense tracker
Open a high-yield savings account for emergency fund
Calculate exact emergency fund target based on your expenses
Research side income opportunities in your field
Review and optimize current subscriptions and services
Medium-term Goals (3-6 Months)
Build emergency fund to 3-month minimum
Develop side income to cover 25% of expenses
Research health insurance options (COBRA, marketplace)
Network and build relationships in your target industry
Test transition budget for 1-2 months while employed
📊 Your Financial Readiness Score
65%
Overall Readiness
40%
Emergency Fund
75%
Income Replacement
80%
Savings Rate