Let's do business PERSONAL BOOKKEPING VIA PERSONAL CASH FLOW STATEMENT 1. Generate your own Daily Personal Cash Flow Statement. 2. Record all the Revenues you generate from the various assignments. 3. Record all the Expenses you incur everyday. 4. Ensure that your Daily Personal Cash Flow Statment matches your actual amount of Cash you own on a daily basis. You may use the following template as a guide: Previous Cash Balance Cash Inflows per source (e.g. allowance, part-time job, etc.) Total Cash Inflows Cash Outflows per expense (e.g. transportation, lunch, etc.) Amount Formula Cash Balance last period Sum of ALL Cash Inflows' Total Cash Outflows Ending Cash Balance Sum of ALL Cash Outflows Previous Cash Balance plus Total Cash Inflows minus Total Cash Outflows