How did I get here?

This section looks at how you spend your money, so that when we start turning your dreams into goals, we know exactly where you stand.

Exercise 5: Monthly expenses, continued

I told you this was a pain in the butt!

We will also do a separate table for current transition costs, as well as future ones. Don't include current transition costs here.

We'll be dealing with the column marked "Revised amount" in Exercise 8. Leave it blank for now.

Family costs Monthly expense Revised amount
Legal/tax advice . .
Union dues (if not deducted) . .
Credit card annual fees . .
Checking account fee/ATM fees . .
Child support/alimony (paid) . .
Childcare/babysitter . .
Pet care (food, vet, kennel, etc.) . .
Postage/ package shipping . .
Lessons . .
Professional association fees . .
Memberships (health clubs, etc.) . .
Tuition, books, school supplies . .
Children's allowance . .
Family/social events . .
Other . .
Subtotal . .

Notes:

  • ATM fees and bounced check/late payment fees are huge money wasters. Check your last year of statements for how much you spent on these.
  • Children bring on a whole new dimension of disappearing money. Be sure to write down any amounts of money they get, as well as all those little incidental expenses that come up with kids.
  • Family and social events are another slippery category. Whether you include the costs here or under travel/vacation, don't forget money spent on these sorts of things.
Personal care Monthly expense Revised amount
Clothing/shoes . .
Uniforms... . .
Laundry/dry cleaning . .
Hair cuts/hair care............. . .
Makeup/cosmetics.... . .
Toiletries and personal items..... . .
Cigarettes/tobacco . .
Wine, beer, liquor . .
Condoms, lubrication, etc. . .
Other . .
Subtotal . .

Notes:

  • OK, so alcohol, tobacco, illicit drugs, etc. aren't really personal care, but  don't forget them!
  • Most people don't realize how much they spend on stuff from the drugstore in a month. Write it all down!
Health costs Monthly expense Revised amount
Doctor . .
Prescriptions/vitamins . .
Chiropractor, acupuncturist, etc.. . .
Dermatologist, podiatrist, etc. . .
Counseling............ . .
Eyeglasses/contacts, solution, etc. . .
Other . .
Subtotal . .

Notes:

  • This category is for non-transition health costs. List hormones, gender therapy, etc. under Transition costs below
Gifts/Outside giving Monthly expense Revised amount
Church . .
Charities . .
Gifts to family. . .
Gifts to others . .
Holiday gift reserve.......... . .
Change to homeless, dropboxes etc. . .
Other . .
Subtotal . .

Notes:

  • Do not forget annual dues to charities, or small amounts of cash given to Salvation Army, street musicians, etc.
  • Don't forget birthday gifts, anniversary gifts, flowers for coworkers, funerals, going-away gifts, girl scout cookies, wedding/shower/baptism gifts, AIDS Walk pledges, raffles, all those sorts of things.
Miscellaneous Monthly expense Revised amount
Student loan payments . .
Loan payments to friends . .
Recreation/sports . .
Hobbies, arts, crafts . .
Computer equipment, supplies, software . .
Newspapers . .
Magazines . .
Videotapes (rented, bought... adult, too) . .
Travel . .
Vacations . .
Movies, concerts, etc. . .
Books . .
Music . .
Online services . .
Other . .
Other . .
Other . .
Other . .
Subtotal . .

Notes:

  • Rack your brain and check your records for anything not listed here, and add it.
Transition costs (current) Monthly expense Revised amount
Research/support

.

.

Therapy

.

.

Electrolysis

.

.

Voice

.

.

Hormones

.

.

Hair loss drugs

.

.

Wigs/hairpieces

.

.

Plastic surgery

.

.

SRS

.

.

Labiaplasty

.

.

Job/Legal/Financial

.

.

Miscellaneous

.

.

Subtotal

.

.

Notes:

  • This is only for transition costs you are already incurring monthly.
  • For items to include in these costs, look at the itemized categories in my examples of transition costs.

OK, hold your breath again...

Let's add 'em up.

Monthly expenses .....Subtotals..... Revised amounts
Shelter . .
Utilities . .
Insurance . .
Food . .
Transportation . .
Family costs . .
Personal care . .
Health costs . .
Gifts/outside giving . .
Miscellaneous . .
Transition costs (current)    
Total monthly expenses . .

Order the interactive spreadsheet of this financing information.

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