3. Creating a Personal Cash Flow Statement 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. This sheet is also available in an Excel spreadsheet format in Connect Finance.

Suggested Websites: www.americasaves.org, money.cnn.com

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.

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For month ending Cash Inflows Salary (take-home) Other income Other income Total Income Cash Outflows Fixed expenses Mortgage or rent Loan payments