what is the monthly net income
Monthly Net Income: this is the actual amount you are paid on a monthly basis AFTER taxes and deductions have been taken out of your paycheck. This is the amount you actually have to spend/save. MONTHLY BUDGET â NET INCOME : Estimate your monthly net income in the monthly budget form below. Itâs important to note that you want to eventually make sure your income amount is accurate. That will let you know how much you have to work with. If you are working with a wrong number, it can hurt the effectiveness of your budget.