42 Chapter 2 Making Smart Decisions
Income and Expense Log
Date Item Income Expense
9/10 Fri. Bus fare—round-trip
Lunch
Snack
$ 4.00
$ 5.00
$ 2.00
9/11 Sat. Babysitting
Snack
School supplies
Movie ticket
$ 20.00
$ 3.50
$ 17.00
$ 7.00
9/12 Sun. Gift from uncle
New sneakers
$ 10.00
$ 34.00
Goodheart-Willcox Publisher
Figure 2-8 Keeping a detailed log of your income and spending will help you
develop a more accurate and realistic budget.
Cash Flow Statement
Month of October
Category Actual
Cash Inflow (Income)
Part-time jobs (babysitting, yard work, after-school job) $ 265
Allowance 40
Gifts 10
Total Inflow $ 315
Cash Outflow (Expenses)
Fixed Expenses
Bus pass, lunches, savings $ 120
Total Fixed Expenses $ 120
Variable Expenses
Snacks, clothes, cell phone, grooming aids/makeup,
movies/concerts/events
$ 120
Total Variable Expenses $ 145
Total Outflow $ 265
Net Cash Flow $ 50
Goodheart-Willcox Publisher
Figure 2-7 A cash flow statement shows your actual income and expenses.