personal finance software with cash flow forecast

If the result is a negative cash flow, that is, if you spend more than you earn, you'll need to look for ways to cut back on your expenses. Subtract your monthly expense figure from your monthly net income to determine your leftover cash supply. Average your actual expenses over a three month period to come up with a reliable monthly estimate for your total expenses. Don't forget money that you spend on items that are 'discretionary,' rather than necessary-for example, cable television subscriptions, gym fees, clothing, gifts, and the like. Also include money for groceries, utilities, transportation and insurance. These include your rent or mortgage, car lease or loan, personal loan, credit card and child support or alimony payments. Then calculate your average monthly expenses. If you already own some investments, you may be receiving dividend or interest payments factor that amount into income, too. This includes your salary and other steady and reliable sources of income, such as income from a second job, child support or alimony that you receive, or social security. Calculating your monthly cash flow will help you evaluate your present financial status, so you know where you stand financially as you prepare to invest.īegin by looking at your monthly net income-the money you take home every month after taxes.

Personal finance software with cash flow forecast