Comments on: How to Create a Personal Cash Flow Statement

By: Ryan

Ryan — Sun, 02 May 2010 02:19:45 +0000

None that I can think of. Just customize it to your own personal situation. You may find it more difficult with irregular income, but it’s not impossible to do. Start by listing all stable sources of income and all regular expenses and fill it out from there.

By: Ko

Ko — Sat, 01 May 2010 07:57:07 +0000

Hi, Ryan, thanks for the info
Just wondering are there any limations of personal cash flow statement?

By: Ryan

Ryan — Sun, 14 Mar 2010 01:13:23 +0000

Barb, that is a great idea, and something I touched on in the article. For example, I don’t recommend counting any income that doesn’t go into a general spending fund (most dividends and CDs are either reinvested or remain in the investment account). We also live on our regular salary and don’t use the income from side jobs in our budgeting. It helps us put more money away for retirement or other investment goals.

By: Barb

Barb — Sat, 13 Mar 2010 20:14:49 +0000

Hi Ryan,
I agree that a cash flow statement is a good way to see where you are with your income and expenses. I’d like to share a trick that I use to grow our family’s net worth; There is some income that I ignore when creating a cash flow statement so that it appears like we have less income to spend and can increase our savings. For example, I do not include monetary gifts, some consulting income, and any stock dividends in our cash flow tally.
Barb

By: Ryan

Ryan — Tue, 09 Mar 2010 14:53:39 +0000

Not a bad idea. I just use Excel because it’s faster for what I need it to do.

By: Evan

Evan — Tue, 09 Mar 2010 14:51:38 +0000

Not sure about you *Ryan* but it also really helps me when I take a step back and also create a corresponding power point flow chart.