How do i make a personal finance chart for monthly income

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Choose the type of financial report that is easiest for you to maintain monthly. Most people have Microsoft Works or Microsoft Office and will have access to a financial report form. Office supply stores also carry pre-formed financial reports and monthly ledgers. If creating a personal financial report to obtain financing, the bank or financial institution will have their own forms for you.

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  Step 2
  Gather together all your monthly bills and separate them into categories. Make separate categories for housing costs, utility costs, medical costs, education costs, job related expenses and automobile expenses. Make a separate category for miscellaneous expenses including charity and dining out.
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  Step 3
  Enter all your monthly expenses on the personal financial report whether they are tax deductible or not. A personal financial report helps you understand your expenses and helps you meet financial goals.
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  Step 4
  Include those payments you might make on an annual or semi-annual basis, such as insurance. Simply divide the annual payment into 12 equal installments and enter it on your expense report.
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  Step 5
  Add together all sources of income, whether pay stubs from work, pensions, retirement income, rentals, child support, interest, or dividends. If you receive an annual payout, simply divide the payout by 12 to determine what the income is monthly.
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  Step 6
  Enter your total income for the month in the appropriate space on the financial report; enter the net amount from any paycheck, after taxes have been taken out (your take home pay).
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  Step 7
  Place your expenses in the named categories; there is room to add more at the bottom of the report. If you are creating your own financial report by hand, enter the name of each bill according to category. For example, the heading of utilities would include electric, garbage, sewer, water and phone.
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  Step 8
  Add together the total amount of your monthly expenses. Enter the total expense amount in the appropriate space on the financial report.
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  Step 9
  Subtract your total monthly expenses from your total monthly income on the personal financial report. The amount left over is your monthly cash flow; money that can be saved or used for extras

Check out website  FreePrintables.net by Kevin Savetz  for many forms.  They may have just what you need without having to struggle to make one yourself.  Many themed items and calendars, too.  If you can't find one they do allow requests.

Quite frankly, I don't see why you'd need this, but you know your own needs better.....the other replies on here are about what I'd recommend....

I'm curious as to why you feel you need a monthly finance chart??? But again, to each his own!!! don't mean to sound nasty!!!

If you set up a 'spending plan' as follows, (whether you use the chart format or not) you will be very pleased with the results; I've done this now for over 2 years, and started it while I was still working; now that I'm retired, it still makes sense to me:

Remember, these are recommended percentages, not carved in stone!!

1. Take 50% of your take home pay for necessities..what are those? just think of it this way; if you lost your job tomorrow, THEN what would you be spending money on? cable tv? I don't think so, and the list can go on.

2. Then allow yourself 20% to spend any way you want.

3. Then take 10% for savings and investing.

As I said, these are recommended percentages only.....I personally feel that 20% to 'spend any way you want' is a little too generous, so for me, it's 10%....what a great feeling to know that you can enjoy yourself without scrimping!!

You may want the saving/investing to be higher - it's all up to you!!

I do hope you are planning for your retirement....it comes awfully fast!! I waited until I was 45 (dumb!!) before I got serious about it....and ended up ok......of course I wish I had more, but that's what everyone wants!!

So please consider this suggestion, tailored, of course, to your ideas/needs....

It couldn't hurt!!

Best wishes..........

Try Microsoft professional 2007,you can find out how to setup a Excel spread sheet. The system will also show you how to have the system calculate the amount earned each month. website. www.microsoftprofessional.com

Choose a chart that is easy to use and fits your spending/budgeting style.  Not all charts are alike.

Then, set your goals.  You have to have a plan if you are going to be able to measure your financial success.

There is a nine-step process on the site below which will show you exactly what you need to do:

http://www.transformyourmoney.com/personal-finance-money-management.html

Thanks for sharing these steps. I was also looking out for steps for preparing personal finance chart.

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Thanks for sharing these steps. I was also looking out for steps for preparing personal finance chart.

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