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Houston Community College Personal Cash Flow Statement Worksheet

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Houston Community College Personal Cash Flow Statement Worksheet – Description

In preparation for our first Personal Cash Flow Statement, please start tracking your income and expenses beginning June 15, 2023, to June 30, 2023. This assignment is worth 75 points and will require the following:

Summary – 18.75 Points – Your summary should consist of an overview of your spending over the requested timeframe. It should identify areas where spending is excessive. For example, if you found that you spent a lot of money at Starbucks then this should be pointed out in your summary. Also, you will need to compute your debt/income ratio. This is done by adding up all of your recurring monthly debt payments and dividing the total by your gross monthly income. Your gross monthly income is the total of all money received for the month before taxes.

Recommendation – 18.75 Points – Shall consist of areas that you identified in your summary where changes must be made. For example, you show that you are spending a lot of money on entertainment. You should provide me with your plan of action as it pertains to reducing the amount spent on entertainment.

Day-to-Day Income and Expense Statement – 18.75 – This is the information where all of your daily transactions will be listed: All expenses and all income. Please be specific and list the dates that transactions took place. If there are dates where no transactions occurred, please state so.

Diminishing Format – 18.75

Below is an example of what the diminishing format will look like. Keep in mind, that your diminishing format information should tie back to your day-to-day income and expense statement.

Total Income – $500

Fast Food – $100/$400

Savings – $100/$300

Emergency Fund – $100/$200

Utilities – $100/$100

Blow Money – $100/$0

As you can see, the above information is in a diminishing format as well as the ending balance reflects zero.

In summary, I am requiring you to provide me with 4 documents:

Summary of Expenses and Income – 18.75

Recommendations – 18.75

Day-to-Day Expenditures and Income Format – 18.75

Diminishing Format (Categorized) 18.75

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