WORKSHEET 11-MY CASH-FLOW STATEMENT The key to getting ahead financially is to spend less than you earn. As a college student, that might be difficult, but ignoring the reality of your cash flows in and out is no solution. You can start by keeping track of your spending and income for one month. Then use this worksheet to summarize your spending and income into a cash-flow statement for the month. Assembling your statements over the course of a year will enable you to construct an annual statement. An interactive calculator that performs this same procedure can be found on the Garman/Forgue companion website. (Use with Personal Finance, 13th edition, pages 8387.) My Cash-flow Statement Name Insert your figures Income Insert your figures Expenses Fixed expenses Rent/mortgage Home insurance Real estate taxes Vehicle loan #1 Vehicle loan #2 Wages #1 (gross) Wages #2 (gross) Interest income Dividend income Sales commissions Bonuses Tips Gifts Tax refunds Other Other TOTAL INCOME Automobile insurance Life insurance Medical insurance Retirement fund #1 Retirement fund #2 Student loan payments Federal income tax State income taxes City income taxes Social Security taxes Personal property taxes Savings #1 Savings #2 Savings #3 Other Other Other Total Fixed Expenses Variable expenses Food (home) Food (meals away) Food (for entertainment) Entertainment Electricity Natural gas Water/sewer Garbage collection Cable TV Local telephone Long distance Cell phone Medical Clothing Gifts Personal care Personal allowances Gasoline Vehicle maintenance Education expenses Charitable contributions Other Other Other Other Miscellaneous Total Variable Expenses TOTAL EXPENSES SURPLUS (DEFICIT) WORKSHEET 11-MY CASH-FLOW STATEMENT The key to getting ahead financially is to spend less than you earn. As a college student, that might be difficult, but ignoring the reality of your cash flows in and out is no solution. You can start by keeping track of your spending and income for one month. Then use this worksheet to summarize your spending and income into a cash-flow statement for the month. Assembling your statements over the course of a year will enable you to construct an annual statement. An interactive calculator that performs this same procedure can be found on the Garman/Forgue companion website. (Use with Personal Finance, 13th edition, pages 8387.) My Cash-flow Statement Name Insert your figures Income Insert your figures Expenses Fixed expenses Rent/mortgage Home insurance Real estate taxes Vehicle loan #1 Vehicle loan #2 Wages #1 (gross) Wages #2 (gross) Interest income Dividend income Sales commissions Bonuses Tips Gifts Tax refunds Other Other TOTAL INCOME Automobile insurance Life insurance Medical insurance Retirement fund #1 Retirement fund #2 Student loan payments Federal income tax State income taxes City income taxes Social Security taxes Personal property taxes Savings #1 Savings #2 Savings #3 Other Other Other Total Fixed Expenses Variable expenses Food (home) Food (meals away) Food (for entertainment) Entertainment Electricity Natural gas Water/sewer Garbage collection Cable TV Local telephone Long distance Cell phone Medical Clothing Gifts Personal care Personal allowances Gasoline Vehicle maintenance Education expenses Charitable contributions Other Other Other Other Miscellaneous Total Variable Expenses TOTAL EXPENSES SURPLUS (DEFICIT)
