If you need to get a better handle on where your money is going, (and let’s face it, who doesn’t?) Shrewdcookie has posted a useful cashflow forecast spreadsheet to help you plan your monthly income and expenditure.
Historically, cashflow forecasting was a method used by business owners, managers and accountants to analyse income and expenditure over a set period of time. By analysing inflows and outflows of cash for each period, they were able to see what strains they would have on cash at any one time – e.g. was there any particular month or months where they needed to draw on other sources of cash…Â These same principles can be applied to your own personal finances.
If you’re interested in seeing some more personal finance spreadsheets, you may also want to check out our post on “8 personal finance spreadsheets you’ll love”.
photo credit: jamingray
The problem with some of is not making the money but spending it.
i have been strugling for financial freedom but i thank God i now have something to show of it. your spreedsheet will really help alot.
i also want to let some guys over there know that making money with google is real. a friend introduced me to http://www.googlemanna.com. i later contacted the young chap who send me the ebook free through this email: kenneth@googlemanna.com and since i have been making a reasonable monthly income submiting links to google.
http://www.gmjobs.blogspot.com
Very nice spreadsheet. We have a lot of clients in our Credit Repair programme and many would benefit from keeping track like this.
I agree with Nonye, our biggest problem is cashflow which is being battered by clients either going bust or hanging onto cash until the final notice.