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Financial Answer Center

Building a Savings Plan

Future Cash Flow

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?

Monthly Cash Flow

 

Savings/Investing

 

Federal & State Taxes

 

Mortgage or rent

 

Home repair/maintenance

 

Property taxes

 

Life/disability insurance

 

Home/renter's insurance

 

Auto insurance

 

Credit card/loan payment

 

Utilities & telephone

 

Food (include eating out)

 

Clothing

 

Grooming

 

Gasoline

 

Auto repair/maintenance

 

Other transportation

 

Medical care

 

Education

 

Child Care

 

Alimony/child support

 

Entertainment

 

Vacations

 

Gifts/charitable contributions.

 

Laundry/dry cleaning

 

Others:

 

 

 

 

 

(a)Total Expenses

 

(b) Income

 

(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.

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