Personal Cash Flow Statement

||Salam Toten,

Cash Flow Statement (CFS) is recording the inflow and the outflow or rather the Income and Expenses. Its necessary to determine the level of your spending in relation to the money you received -in your case from your sponsors or your parent.

2. Positive CFS meaning your are having surplus money i.e. your spending is lower than your receive the funding.

3. Therefore, you may used CFS to plan your spending.

4. Its norm to do the Projected CFS so that you can figure out your spending in a year to come.

5. CFS can be drafted monthly, quarterly or yearly. 

6. What to include in CFS? 

•   *Cash in Hand
•   *Cash - to be recieved from any source
•   *Cash Equvalent -such as share or bicycle to be sold within the CFS period