PERSONAL FINANCIAL STATEMENT

Where does your money go?
Build your cash-flow statement.

Your salary, spending, home value and loan balance answer different questions. Start by separating money moving each month from what you own and owe today.

1. List monthly income and expenses

Record recurring salary and rent received as income. Record living costs and loan payments as expenses. An irregular bonus should not make your normal monthly budget appear larger than it is.

Monthly income: $4,500− Expenses: $2,000− Saving allocation: $1,500= Remaining budget: $1,000

Flow separates saving and investment allocations from spending. An allocation is a plan for this month’s income. A bank or investment account’s current balance belongs under assets. Entering an allocation does not automatically increase the asset balance.

2. Record asset values and debt balances

List cash balances, investment balances and property values as assets. List outstanding loan principal as debt. Assets of $30,000 minus debts of $10,000 give a net worth of $20,000.

Do not add net worth to monthly income. A higher property valuation does not mean that amount arrived in your bank account this month.

3. Connect an asset to its cash flow

Add a rental property under assets, then select it as the linked asset for rent received and related expenses. The connected entries show how much the property contributes each month.

FICTIONAL EXAMPLE · USD / MONTH

Rent received: $800
Loan payment: −$600
Maintenance: −$100
Net cash flow from entered items: +$100

The result only includes what you enter. Repairs, taxes and periods without a tenant can change it. Equal rent and interest do not guarantee a break-even property if other costs remain.

4. Separate loan balances from payments

A $10,000 outstanding loan belongs under debts. Its $300 monthly payment belongs under expenses. If that payment includes principal and interest, enter the full payment once; adding interest again would double-count it. Update the outstanding balance separately after checking it.

5. Record family support by its actual route

If a family member sends money to your account and you pay a loan, record both the support income and the payment expense. If they pay the lender directly, use the direct-payment support setting to distinguish the household’s burden. Do not record the same support both ways.

6. Leave unknown amounts blank

New English statements use USD: enter 3 for $3. Korean statements retain their original unit of 10,000 KRW. Switching language does not convert currency. Blank amounts remain unknown and are excluded from totals; enter 0 when you have confirmed the amount is zero.

Add, edit or remove an item and totals recalculate. Your remaining budget reflects your entered plan, so compare it with actual bank balances. Save a monthly snapshot to keep that month separate from later edits.

Try changing one expense.

In the fictional example, change monthly living costs from $2,000 to $2,100. Remaining budget changes from $1,000 to $900. Choose among five layouts while keeping the same data.

Edit the example statement ↗Create my statement →