Determine Your Cash Flow
As the name suggests, the cash flow worksheet will help you determine:
- where your money comes from
- where it goes
- and how much is left over and available for investing over a specified period of time
By completing this tool you can review what expenses you currently have and perhaps how to make some small changes to free up extra savings. By adding in your income and subtracting your expenses, you can see how much money is left to save for your goals.
In order to use the tool effectively you will require copies of your most recent bank account, investment and life insurance statements. In addition, information regarding the value of current assets and debts are needed.
Amounts may be entered in either the monthly or annual column and should be rounded to the nearest dollar figure.
Cash Inflows
Monthly
Annual
Net Salary
(gross salary - taxes)
$
$
Interest Income
$
$
Dividends
$
$
Capital Gains
$
$
Rental Income
$
$
Other Income
(i.e. RRSP/RRIF or pension income, government benefits or tax refund)
$
$
Cash Outflows
Living Expenses
Monthly
Annual
Mortgage/Rent
$
$
Property Taxes
$
$
Heat
$
$
Water
$
$
Electricity
$
$
Cable TV
$
$
Telephone
$
$
Auto Maintenance
$
$
Gas
$
$
Parking/Transit
$
$
Groceries
$
$
Clothing
$
$
Child Care
$
$
Health & Dental Care
$
$
Pet Care
$
$
Other
$
$
Debt Payments
Monthly
Annual
Loan Payments
$
$
Personal Line of Credit
$
$
Credit Cards
$
$
Other Debt Payments
$
$
Insurance Plan
Monthly
Annual
Home
$
$
Auto
$
$
Medical/Dental
$
$
Life
$
$
Disability
$
$
Other Insurance Plans
$
$
Investment Programs
Monthly
Annual
RRSP Contributions
$
$
Education Savings Plan
$
$
Emergency Fund
$
$
Other Investment Programs
$
$
Discretionary Expenses
Monthly
Annual
Entertainment
$
$
Vacation
$
$
Subscriptions
$
$
Membership Fees
$
$
Gifts
$
$
Charitable Donations
$
$
Household Purchases
$
$
Tuition
$
$
Other
$
$
Please note: some browsers may not retain data when returning to this page. We recommend you print a copy prior to submitting.
Pay yourself first! Financial Planners recommend that you set aside 10% of your annual gross income.
Maintain a balance between your needs and your goals.
