BUS 2141-Widdel
A02 Cash Flow Stmt.docx
[Assignment 02] Personal Finance
Personal Cash Flow
Statement
Due:
8:00 AM, Wed March 4
Value:
40 points
Submission:
The completed assignment should be uploaded to the related D2L
drop box.
Doc File Name:
Last Name First Name Cash Flow
for example: Widdel Mark Cash Flow
Document Format:
This document should be completed by using a Microsoft Excel
template (Monthly Budget and Cash Flow Statement) posted at the
class website.
If you are using a spreadsheet program other than Microsoft Excel, use
the help menu in your program to find out how to save it in MS Excel
format. If the document cannot be opened in MS Excel, then it will not
be graded.
Are you a first-time user for Microsoft Excel? Ask the ARCC campus
computer lab assistant or a knowledgeable person for help.
Note: If you cannot use the provided spreadsheet to complete your
work,

create your own document or worksheet for submission containing
the relevant personal information, amounts and totals.
Assignment Overview
A snapshot of your current financial condition is made with a cash-flow statement. In
this assignment you’ll be identifying the sources and amounts on personal income as
well as your expenses for a period of at least eight weeks. It’s assumed that if you are
attending college, you have some type of income. Regardless of the amount, please
complete this assignment.
If you would like to submit a cash flow statement that reflects a household-shared
incomes and expenses, please do so.
Directions
1.
Begin this exercise by reading the article, “Understanding Personal Cash Flow.”
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BUS 2141-Widdel
2.
A02 Cash Flow Stmt.docx
Calculate your monthly surplus or deficit for the month of January through this
week, the end of this month, February 28 by completing the Monthly Cash
Flow Statement Worksheet.

Minor edits can be done to the category cells, adjust as necessary.
Replace the text, “Your Name Here”, with your name.

Don’t forget to save the document as Last Name First Name Cash Flow
for example: Widdel Mark Cash Flow
3.
Submit the completed spreadsheet file (or your document file) to the related D2L
drop box.
Example
BUDGET & CASHFLOW STATEMENT
The amounts in these sections are the
amounts you paid just during this time
period.
Two month example (household)
INCOME
Salary/Wages/Commissions
Bonuses/Gifts Received
Actual
22,000.00
2,000.00
TRANSPORTATION
Actual
Auto Loan Payments
1,047.14
Auto Insurance
762.00
Dividends/Interest Income
0.00
Repairs/Service
0.00
Other
0.00
Bus/Taxi/Train Fare
0.00
Refunds/Reimbursements
0.00
Parking fees/Fines
0.00
Savings from Previous Month
0.00
Fuel
800.00
Other
0.00
Motorcycle
450.00
Other
0.00
Total INCOME
24,000.00
Total TRANSPORTATION
CHILDREN
3,059.14
Actual
Babysitting/Day Care
0.00
0.00
HOME EXPENSES
Actual
Toys/Gadgets/Games
Rent/Mortgage
2,700.00
School Lunch
Home/Rental Insurance
200.00
School Supplies
Electricity/Water/Gas
700.00
Allowance
Trash/Garbage Collection
106.00
Phone
584.00
ENTERTAINMENT
Pay TV
600.00
Music/Videos/DVDs
Total CHILDREN
Internet
0.00
Movies/Theater/Concerts/Plays
Maintenance/Repair/Improvements
0.00
Books
100.00
40.00
80.00
220.00
Actual
40.00
100.00
0.00
Garden/Lawn
140.00
Hobbies/Sports
House Cleaning
400.00
Outdoor Recreation
0.00
Other
0.00
Total HOME EXPENSES
5,430.00
240.00
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BUS 2141-Widdel
A02 Cash Flow Stmt.docx
DAILY LIVING
Actual
Groceries
800.00
Laundry/Cleaning
0.00
Other
Total ENTERTAINMENT
SUBSCRIPTIONS
0.00
380.00
Actual
Clothing
200.00
Newspaper/Magazines
Dining/Eating Out
800.00
Fitness Club Membership
Personal Supplies
200.00
Golf Club Membership
0.00
Grooming (Salon/Barber)
200.00
Other
0.00
Other
0.00
Total DAILY LIVING
DEBT & RESPONSIBILITIES
Personal Loan
Student Loan
Credit Cards
Alimony/Child Support
Taxes/Bank Fees
Other
The amounts in
this section are
the amounts you
paid during this
time period –
not the total
amount that you
owe.
Total DEBT & RESPONSIBILITIES
SAVINGS
The amounts in
this section are
Emergency Fund
the amounts you
Retirement Accounts
deposited to
Investments
these accounts
during this time
Education
period – not the
Other
total balance that
Total SAVINGS
you have.
HEALTH
Health Insurance
Life Insurance
Doctor Fees/Medicine/Drugs
Dentist
Total HEALTH
GIFTS/CHARITY
Gifts to Family & Friends
Actual
Travel
0.00
4,165.70
Lodging
0.00
Food
0.00
Rental Car
0.00
Entertainment
0.00
Other
0.00
0.00
400.00
0.00
4,020.00
Total VACATION/HOLIDAY
Actual
0.00
ADDITIONAL ITEMS
Actual
0.00
920.00
0.00
0.00
0.00
920.00
Actual
Total
0.00
82.00
386.00
254.00
1,566.00
MONTHLY BUDGET SUMMARY
Actual
Actual
Total Income
24,000.00
Total Expenses
22,686.34
80.00
Other
0.00
SURPLUS(+)/DEFICIT(-)
1,313.66
80.00
Actual
Total MISCELLANEOUS
Actual
8,585.70
0.00
MISCELLANEOUS
245.50
VACATION/HOLIDAY
Religious Donations
Total GIFTS/CHARITY
230.00
2,200.00
844.00
The amounts in
this section are
the amounts you
paid during this
time period –
not the total
balance on-hand.
Total SUBSCRIPTIONS
15.50
If you haven’t tampered with the formulas
in this worksheet, these totals are
automatically calculated.
0.00
- Turn over the page for the assignment evaluation criteria, 3
BUS 2141-Widdel
A02 Cash Flow Stmt.docx
Evaluation Criteria
 Income and expenses were correctly categorized. (-2 per error)
 The totals were calculated and correct. (-2 per error)
 Full name of the submitter was included at the top of the worksheet/document. (-2 if not)
 The assignment deadline was met. (-8 for each day it is late after the given deadline.)
 The file submitted to the drop box was correctly named. (-4 if not)
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