Monthly Cash Flow Plan

INSTRUCTIONS

SHEET 5

Every dollar of your income should be allocated to some category on this

sheet. Money "left over" should be put back into a category even if you make up a

new category. You are making the spending decisions ahead of time here. Almost

every category (except debt) should have some dollar amount in it. Example: If you

do not plan to replace the furniture, when you do replace it you will cause strain or

borrowing, so go ahead and plan now by saving. I have actually had people tell me

that they can do without clothing. Oh come ON!! Be careful in your zeal to make

the numbers work that you don't substitute the urgent for the important.

Fill in the amount for each subcategory under "Subtotal" and then the total

for each main category under "Total." As you go through your first month, fill in

the "Actually Spent" column with your real expenses or the saving you did for that

area. If there is a substantial difference in the plan versus the reality something has

to give. You will either have to adjust the amount allocated to that area up and

another down or you will have to better control your spending in that area.

"%Take Home Pay" is percentage of take home pay or what percentage of

your total take home pay did you spend on "Housing", as an example. We will then

compare your percentages with those on Sheet 6 to determine if you need to

consider adjusting your lifestyle.

* beside an item means you should use the "envelope system"

(1) Emergency Fund should get ALL the savings until 3-6 months of expenses have

been saved.

Note: Savings should be increased as you get closer to being debt free.

Hint: By saving early for Christmas and other gifts, you can get great buys and give

better gifts for the same money.

SHEET 5

MONTHLY CASH FLOW PLAN

Budgeted Sub Actually % of Take

Item Total TOTAL Spent Home Pay

CHARITABLE GIFTS _______ _______ _______

SAVING

Emergency Fund(1) _______ _______

Retirement Fund _______ _______

College Fund _______ _______ _______ _______

HOUSING

First Mortgage _______ _______

Second Mortgage _______ _______

Real Estate Taxes _______ _______

Homeowners Ins. _______ _______

Repairs or Mn. Fee _______ _______

Replace Furniture _______ _______

Other _______ _______ _______ _______

UTILITIES

Electricity _______ _______

Water _______ _______

Gas _______ _______

Phone _______ _______

Trash _______ _______

Cable _______ _______ _______ _______

*FOOD

*Grocery _______ _______

*Restaurants _______ _______ _______ _______

TRANSPORTATION

Car Payment _______ _______

*Gas and Oil _______ _______

*Repairs and Tires _______ _______

Car Insurance _______ _______

License and Taxes _______ _______

Car Replacement _______ _______ _______ _______

PAGE 1 TOTAL _______ _______

SHEET 5 CONTINUED

Budgeted Sub Actually % of Take

Item Total TOTAL Spent Home Pay

*CLOTHING

*Children _______ _______

*Adults _______ _______

*Cleaning/Laundry _______ _______ _______ _______

MEDICAL/HEALTH

Disability Insurance _______ _______

Health Insurance _______ _______

Doctor Bills _______ _______

Dentist _______ _______

Optometrist _______ _______

Drugs _______ _______ _______ _______

PERSONAL

Life Insurance _______ _______

Child Care _______ _______

*Baby Sitter _______ _______

*Toiletries _______ _______

*Cosmetics _______ _______

*Hair Care _______ _______

Education/Adult _______ _______

School Tuition _______ _______

School Supplies _______ _______

Child Support _______ _______

Alimony _______ _______

Subscriptions _______ _______

Organization Dues _______ _______

Gifts (inc. Christmas) _______ _______

Miscellaneous _______ _______

*BLOW $$ _______ _______ _______ _______

PAGE 2 TOTAL _______ _______

SHEET 5 CONTINUED

Budgeted Sub Actually % of Take

Item Total TOTAL Spent Home Pay

RECREATION

*Entertainment _______ _______

Vacation _______ _______ _______ _______

DEBTS (Hopefully -0-)

Visa 1 _______ _______

Visa 2 _______ _______

MasterCard 1 _______ _______

MasterCard 2 _______ _______

American Expre ss _______ _______

Discover Card _______ _______

Gas Card 1 _______ _______

Gas Card 2 _______ _______

Dept. Store Card 1 _______ _______

Dept. Store Card 2 _______ _______

Finance Co. 1 _______ _______

Finance Co. 2 _______ _______

Credit Line _______ _______

Student Loan 1 _______ _______

Student Loan 2 _______ _______

Other _______ _______ _______

PAGE 3 TOTAL _______ _______

PAGE 2 TOTAL _______ _______

PAGE 1 TOTAL _______ _______

GRAND TOTAL _______ _______

-TOTAL INCOME _______

ZERO ZERO

Fillable Printable Monthly Cash Flow Plan

Fillable Printable Monthly Cash Flow Plan