Personal Cash Flow Statement

Financial literacy and counseling programs should work with their clients to build a cash flow statement to track and monitor annual and monthly financial behaviors.


Number of Questions
Creator(s) of Tool
Welch, Evan, P. Building a Personal Cash Flow Statement, Posted on May 24, 2010. Financial Planning Association, Accessed on 1/3/2014 at
Scoring / Benchmarking
Compute the cash flow by subtracting the client's total expenses and total savings from their total income. The remaining cash flow should be adjusted monthly and compared to previous monthly statement. Clients that increase savings, manage to spend less than they earn, and do not show a deficit show progress in demonstrating positive financial management behaviors.

Households that have fixed or committed expenses under 65 percent of total income, and discretionary spending below 10 percent of income, tend to be in the strongest financial condition (Welch, 2010).
Background / Quality
Is there a cost associated with this tool?
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