Name: #REF! Date: #REF!

Creating a Personal Cash Flow Statement 7

Purpose: To maintain a record of cash inflows and outflows for a month (or three months).
Financial Planning Activities: Record inflows and outflows of cash for a one- (or three-) month period.
Suggested Websites: www.americasaves.org money.cnn.com
Suggested App: Expensify

For month ending December 15, 2023

Cash Inflows

Salary (take-home) $3,200.00

Other income : $0.00
Other income : $0.00
Total Income $3,200.00

Cash Outflows

Fixed expenses
Mortgage or rent $1,200.00
Loan payments $350.00
Insurance $180.00

Your Personal Financial Plan

Other Property Tax $300.00
Other
Total fixed outflows $2,030.00
Variable expenses
Food $500.00
Clothing $50.00
Electricity $80.00
Telephone $0.00
Water $40.00
Transportation $50.00
Personal care $30.00
Medical expenses $0.00
Recreation/entertainment $20.00
Gifts $0.00
Donations $0.00
Other $0.00
Other $0.00
Total variable outflows $770.00

Total Outflows $2,800.00

Surplus/Deficit $400.00

Allocation of surplus
Emergency fund savings $10,000.00 Apply any
surplus to
Financial goal savings $200.00 these
Other savings goals

Total $10,200.00

What's Next for Your Personal Financial Plan?

* Decide which areas of spending need to be revised.
* Evaluate your spending patterns for preparation of a budget.