**Monthly Budget Template for a $60,000 Annual Income Bracket**

### Income
– **Net Monthly Income**: $5,000

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### Expenses

1. **Housing (30% of Income)**
– Rent/Mortgage: $1,200
– Utilities (Electricity, Water, Gas): $150
– Internet & Cable: $50
– Home Maintenance: $50
**Total Housing**: $1,450

2. **Transportation (10% of Income)**
– Car Payment/Lease: $300
– Fuel: $100
– Insurance: $100
– Public Transit: $50
**Total Transportation**: $550

3. **Food (15% of Income)**
– Groceries: $400
– Dining Out: $350
**Total Food**: $750

4. **Savings and Investments (20% of Income)**
– Emergency Fund: $400
– Retirement Contributions: $400
– Investments: $200
**Total Savings**: $1,000

5. **Debt Repayment (10% of Income)**
– Credit Card Payments: $250
– Student Loans: $250
**Total Debt Repayment**: $500

6. **Personal & Discretionary (10% of Income)**
– Entertainment: $150
– Subscriptions (Gym, Streaming Services): $50
– Personal Care: $100
**Total Personal & Discretionary**: $300

7. **Healthcare (5% of Income)**
– Insurance Premiums: $150
– Out-of-Pocket Medical Expenses: $100
**Total Healthcare**: $250

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### Total Monthly Expenses: $5,000

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### Notes:
1. **Adjustments**: Reassess your budget periodically to accommodate any changes in income or expenses.
2. **Emergency Fund**: Aim to have 3-6 months of living expenses saved in your emergency fund.
3. **Debt Management**: Focus on paying off high-interest debt as a priority.

This template provides a structured approach to managing your monthly finances, emphasizing savings and mindful spending.