Monthly cash flow statement

Sources of cash:
Take-home pay*
Dividends/Interest
Rental income
Other

Total sources of cash (A)
USES OF CASH
Fixed expenses
Mortgage
Loan payments
Utilities
Insurance
Property taxes
Other

Total fixed expenses (B)
Variable expenses
Charitable contributions
Clothing
Travel and entertainment
Gifts
Other

Total variable expenses (C)
Total expenses (B+C)
Positive/negative monthly cash flow available for investing A-(B+C)

*Make note of employer saving plan's monthly contributions



-The Five Phases of Your Financial Life
1. Wealth creation
2. Wealth growth
3. Wealth accumulation
4. Wealth preservation
5. Wealth transfer