- Introduction
- Priorities
- Goals
- Income Versus Expenses
- Future Cash Flow
- Creative Ways to Start Saving
- The Time Value of Money
- Painless Ways to Boost Savings
- The Need for an Emergency Fund
Now construct a future cash flow or a spending plan. Print out the following worksheet and fill it in. Think bare bones. What is the absolute minimum it would take to feed and house your family?
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Monthly Cash Flow |
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Savings/Investing |
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Federal & State Taxes |
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Mortgage or rent |
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Home repair/maintenance |
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Property taxes |
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Life/disability insurance |
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Home/renter's insurance |
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Auto insurance |
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Credit card/loan payment |
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Utilities & telephone |
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Food (include eating out) |
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Clothing |
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Grooming |
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Gasoline |
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Auto repair/maintenance |
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Other transportation |
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Medical care |
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Education |
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Child Care |
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Alimony/child support |
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Entertainment |
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Vacations |
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Gifts/charitable contributions. |
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Laundry/dry cleaning |
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Others: |
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(a)Total Expenses |
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(b) Income |
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(c) Cash Balance (b) – (a) |
It takes a lot of time to put a plan together, but if you do it well and thoroughly, you'll have something to aim for. It may not work out exactly as you've planned but a plan will give you a way to measure your progress.
Investment and insurance products and services are offered through Osaic Institutions, INC. Member FINRA/SIPC. Osaic Institutions, Inc and the bank are not affiliated. Products and services made available through Osaic are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
