* How does a personal cash flow statement help you organize your finances? * What was the most interesting thing you learned about completing this worksheet? * Did this worksheet provide you with any ideas about how you may want to change your budget (how much you are spending, saving, or reducing your debt)? The personal cash flow statement is a categorized sheet that helps us identify the relationship between income and expenses. Calculating the income is an easy process, all you need to do, is add up the primary sources , like the monthly salary and the extra income like scholarship, gifts, but calculating the expenses is much harder because the total amount of the income, will be spent in so many different ways. This sheet will help you record the outflows over the same period of time, from the essential expenses to the unnecessary ones. Completing the sheet will make you feel organized and able to count all the expenses no matter how much money you spent on little purchases, and it make you go over the bank statements, the life and health insurances, the credit cards statement and bills, the ATM machine receipts, then get it all together and file it in order. This way, the financial situation will be organized, and you will be able to determine the net worth, how much you own and how much you owe, by the end of the month if you have money left over or if you are spending more money than you can afford . You will know by completing this sheet over a year, that each month has different expenses depending on the occasions in that month, this will put more pressure on the budget, now you can balance your budget to minimize the pressure and even the spending, and reduce the unplanned and unnecessary expenses and to allocate your income to meet your financial goals. This way by knowing your personal cash flow, you can