Credit Repair Services and Information
 
 
Credit Repair Services and Information

Cash Flow Assessment

Money Management
Step 1 - Setting Goals
Step 2 - Collecting Facts and Figures
Step 3 - Assessment of Financial Health
Step 4 - Realistic Goals
Step 5 - Action Plan
Step 6 - Review and Assessment

Net Worth Assessment
Cash Flow Assessment


      Cash flow refers to what money comes into your life, and what money leaves your life. It is useful to determine what, if any, money is left after your expenses. It is also useful in that it gives you a concrete assessment of where your money goes. It can help to illuminate areas of your life where you are spending unnecessarily, or spending more than you need to. A personal cash flow analysis is an informative step in learning better personal money management skills.



     Those individuals who find it impossible to have any money left over at the end of the month, usually due to bills and payments, can find help. Professional credit repair companies can get you back on the road to financial well being. Fix your credit and manage your debt now! Search the credit repair company you're considering with the Better Business Bureau and have confidence that you're working with trustworthy professionals.






     The cash flow chart below tracks income and expenses. Cash flow charts are completed using either monthly or yearly figures; however, most people find that monthly figures give a closer and more in depth assessment.









































































Credit Related Articles
Copyright 2003-2010 All Rights Reserved.
.net
Cash Inflows
Cash Inflows Monthly Annual
Net Salary (gross salary - taxes)    
Interest Income    
Dividends    
Capital Gains    
Rental Income    
Other Income (RRSP/RRIF, pension, tax refunds, government benefits)    


Cash Outflows - includes all charts below

a)  Living Expenses
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    
Pet Care    
Other    


b) Debt Payments
Debt Payments Monthly Annual
Loan Payments    
Personal Line of Credit    
Credit Cards    
Other Debt Payments    


c) Insurance Plans
Insurance Monthly Annual
Home    
Auto    
Medical/Dental    
Life    
Disability    
Other Insurance Plans    


d) Investments
Investment Programs Monthly Annual
RRSP/RRIF Contributions    
Education Savings Plan    
Emergency Fund    
Other Investment    



e) Discretionary Expenses
Discretionary Expenses Monthly Annual
Entertainment    
Vacation    
Subscriptions    
Membership Fees    
Gifts    
Charitable Donations    
Household Purchases    
Tuition    
Other    

Total Cash Inflows - Total Cash Outflows = Available money for investing/paying down debt

Add up all cash outflow charts. Subtract this amount from your cash inflow chart.

Is understanding cash flows, debt and credit too complicated for you?  Put the professionals to work for you today!

Some Cash Flow Strategies

     Make small reductions in your discretionary expenses (for example, entertainment) to free up extra savings, no matter how small. Think about every purchase before buying. Do you really need that item? Begin to invest any amount of money you can afford, no matter how small it seems, and try to increase the amount every few months. Pay yourself first, then have your savings automatically invested from your bank account each week, month or payday. Always remember that regular investing is an excellent and affordable way to reach your financial goals. Keep in mind that small amounts of money set aside more frequently grow at a faster rate than larger amounts set aside later. Can't manage to set any money aside? Too busy servicing your debt load? Seek the professional advice of credit and debt counselors today. Your personal cash flow analysis is only the first step.