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Example of a Completed Monthly Cash Flow Budget

(Click Here for a Template for Your Monthly Cash Flow Budget)

 

Monthly Inflows

 

Total

Employer #1

Employer #2

Employer #3

Salaries:

Gross monthly salary

13,000

6,500

6,500

-0-

Federal taxes withheld

(2,860)

(1,430)

(1,430)

-0-

Social security (FICA) taxes withheld

(806)

(403)

(403)

-0-

Medicare taxes withheld

(189)

(94)

(94)

-0-

State taxes withheld

(715)

(358)

(358)

-0-

401(k)/403(b) withheld

(1,000)

(500)

(500)

-0-

Dependent care expenses withheld

(433)

(433)

-0-

-0-

Medical/dental insurance withheld

(200)

(100)

(100)

-0-

Pre-tax medical/dental expenses withheld

-0-

-0-

-0-

-0-

Parking/Mass transit withheld

-0-

-0-

-0-

-0-

Other payroll deductions

-0-

-0-

-0-

-0-

     Net monthly pay check

6,798

3,182

3,616

-0-

Self-employment income:

Total

Business #1

Business #2

Business #3

Gross monthly collections

1,250

1,250

-0-

-0-

Applicable business expenses

(300)

(300)

-0-

-0-

Net self-employment income

950

950

-0-

-0-

Federal taxes and SE taxes set aside

(350)

(350)

-0-

-0-

State taxes set aside

(105)

(105)

-0-

-0-

Retirement plan contributions 

-0-

-0-

-0-

-0-

     Net monthly cash flow from business

495

495

-0-

-0-

Other inflows:

Gross rental income (if you own a multi-family)

-0-

-0-

-0-

-0-

Net rental income (if you own other rental real estate)

-0-

-0-

-0-

-0-

Investment income (not re-invested)

-0-

-0-

-0-

-0-

     Total other cash flows

-0-

TOTAL MONTHLY INFLOWS

 

7,293

Monthly Outflows

 

Auto expenses:

Loan/lease

400

Fuel/maintenance/repairs

50

Insurance

100

Parking (at home)

-0-

     Total auto expenses

550

Children:

Clothing, toys, babyfood, & diapers

100

Childcare (in excess of amounts withheld from salary)

750

     Total children

850

Home expenses:

Mortgage (minimum payment)/rent

1,500

Cleaning

100

Home repair/supplies

100

Utilities: cable, gas/electric, water & telephone

250

     Total home expenses

1,950

Other expenditures:

Clothing

100

Dining and entertainment

150

Dry cleaning

25

Gifts

25

Groceries

300

Health & beauty

50

Insurances - life & disability

150

Medical & insurance (in excess of amounts withheld)

50

     Total other expenditures

850

Minimum Debt Payments:

Equity loan

250

Student loans

350

Credit card

200

     Total minimum debt payments

800

TOTAL MONTHLY INFLOWS

 

5,000

NET MONTHLY SURPLUS/(DEFICIT)

 

2,293

 

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