Given the personal cash flow statement in Table 3-2, use your own data to determine your disposable income at the end of the current year. Please include income from all sources, fixed expenses, and variable expenses.

PERSONAL CASH FLOW STATEMENT 66 Chapter 3 Financial Statements There are Table 3-2 shows a personal cash flow (income) staten all earnings, or inflows, and expenses, or outflows annual income before income on investments, dividend These schedule Schedule 1 in Schedule 2 in monies that ar and mortgages by the borrow of all whole li is a list of real these properti institutions an . Our inflows are es, j taxes. Included in income are wages and income on stock investments ins on the sale of assets that have appreciated. Outflows are are typically of two types. First are those over which we have such as food, clothing, and automobile expenses and are expenses because the amount that we spend cach month or varies. For example, automobile expenses include gas, oil, an We usually do not spend the same amount per month on automoiindividu The second type of expenses are those over which we have little or ne such as mortyage payments, automobile loan or lease payments, prop insurance, income taxes, and loan payments, and are called fixed expense ma entrepreneur then all of th clarify the per on automobile e which is our we can affor afford to inct consider you cash income which are often contractual in nature. TABLE 3-2 Jones Family, Personal Income Statement The Tom Jones Family Personal Income Statement (Cash Flow Statement) January 1, 2013, to December 31, 2013 cash income to grant ado Interest Income car paymen monthly pay chased the a month time $17,968, w $5,400 a ye to Tom Jo $60,000 TOTAL INCOME FIXED EXPENSES Mortgage Payment Automobile Payment Property Taxes $9,600 5,040 235 Income Taxes Savings & Investment Personal Loan Payment TOTAL FIXED EXPENSES VARIABLE EXPENSES 900 Food Transportation Utilities Clothes & Personal Recreation & Vacation TOTAL VARIABLE EXPENSES CHART n accoun tion of all these acco a chart of organize a chased fo $5,485 2,700 TOTAL EXPENSES $15,265 (Cash Balance at the end of the year) PERSONAL CASH FLOW STATEMENT 66 Chapter 3 Financial Statements There are Table 3-2 shows a personal cash flow (income) staten all earnings, or inflows, and expenses, or outflows annual income before income on investments, dividend These schedule Schedule 1 in Schedule 2 in monies that ar and mortgages by the borrow of all whole li is a list of real these properti institutions an . Our inflows are es, j taxes. Included in income are wages and income on stock investments ins on the sale of assets that have appreciated. Outflows are are typically of two types. First are those over which we have such as food, clothing, and automobile expenses and are expenses because the amount that we spend cach month or varies. For example, automobile expenses include gas, oil, an We usually do not spend the same amount per month on automoiindividu The second type of expenses are those over which we have little or ne such as mortyage payments, automobile loan or lease payments, prop insurance, income taxes, and loan payments, and are called fixed expense ma entrepreneur then all of th clarify the per on automobile e which is our we can affor afford to inct consider you cash income which are often contractual in nature. TABLE 3-2 Jones Family, Personal Income Statement The Tom Jones Family Personal Income Statement (Cash Flow Statement) January 1, 2013, to December 31, 2013 cash income to grant ado Interest Income car paymen monthly pay chased the a month time $17,968, w $5,400 a ye to Tom Jo $60,000 TOTAL INCOME FIXED EXPENSES Mortgage Payment Automobile Payment Property Taxes $9,600 5,040 235 Income Taxes Savings & Investment Personal Loan Payment TOTAL FIXED EXPENSES VARIABLE EXPENSES 900 Food Transportation Utilities Clothes & Personal Recreation & Vacation TOTAL VARIABLE EXPENSES CHART n accoun tion of all these acco a chart of organize a chased fo $5,485 2,700 TOTAL EXPENSES $15,265 (Cash Balance at the end of the year)