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Cash Flow Planning will teach us step-by-step how to put together a zero-based monthly budget and walk through
how to complete all of the financial management forms with samples included.
This
was an excellent -- but challenging -- lesson. This would be a great
one to listen to on audio tape to reinforce all the great information
Dave offers on managing the income and outflow of $$$ each month.
This Week's Homework:
- Read Chapters 19 and 21 in Financial Peace Revisited
- IF YOU HAVE NOT ALREADY DONE SO, complete the Basic Quickie Budget on page 19
- Complete
Sheet 5, the monthly cash flow plan. MAKE COPIES of these pages so that
can have fresh sheets to use each month (or print them out from the CD
included in your kit, or use the Excel files offerred here)
- If you get more than one paycheck per
month, transfer the numbers from your complete Cash Flow Plan to the
Allocated Spending Plan (Sheet 7). This is the sheet that helps you
plan and direct the flow of cash throughout the month. Remember, do Sheets 5 and 7 for next month ONLY
This
week the rubber really meets the road! It's VERY important to start
putting into practice the principles we're learning from the tapes and
book. If you have trouble completing these forms, send me an Email
message with your questions or problems and I'll try to help.
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