Transamerica - Monthly Cash Flow Calculator

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Monthly Cash Flow Calculator

Where does all your money go? This calculator will give you a quick look at how your monthly income and spending match up, which is the first step toward getting your expenses under control.

To use this calculator, you'll need to collect your spending data. What you're interested in is capturing the bulk of your expenditures. Ideally, you should collect spending data for a three to six-month period to determine how much you spend in a typical month for clothing, meals out, etc. If your expenditures fluctuate greatly throughout the year, you may need to examine a full 12 months of your spending patterns to obtain a more accurate monthly average.

Tip: You will want to use the Hidden Expense Calculator first because the monthly number it generates is used in this calculator.

INCOME SOURCES (AFTER TAXES)

Employment Income:
Enter your monthly take home pay here. If you are married, add your income to that of your spouse.
Other Income:
Enter any other monthly income you receive from interest or dividends, capital gains, rental income, etc.

EXPENSES

Rent or Mortgage:
Enter your monthly rent or mortgage bill here.
Car Payment:
If you have a car loan(s) or lease(s), enter the total monthly payment(s) here.
College Loans:
If you are making payments on a college loan, enter the monthly payment here.
Other Loans:
If you make monthly payments on other loans for furniture, boats, appliances, etc., enter the total monthly payments here.
Insurance Premiums:
If you make monthly payments on any type of insurance, enter the amount here (do not include premium payments on insurance policies that you make yearly or every six months, as they will be accounted for on the Hidden Expense Calculator).
Groceries:
Enter the amount you spend each month on groceries.
Dining Out:
Enter the amount you spend each month on food at restaurants, vending machines, etc.
Gasoline/Public Transportation:
Enter the amount you spend each month on gasoline, car services, and/or public transportation.
Electricity:
Enter your average monthly electric bill here.
Gas:
Enter your average monthly natural gas bill here.
Water/Sewer:
Enter your average monthly water bill here.
Telephone:
Enter the amount you spend on phone and Internet service each month.
Clothing:
Enter the amount you spend on clothing each month.
Habits:
If you smoke, play the lottery, etc. on a regular basis, enter your average monthly expenses here.
Cable TV:
Enter your average monthly cable bill here.
Cellular Phone or Beeper:
Enter your average monthly cell phone and/or pager bill here.
Entertainment:
Enter you average monthly expenditure on entertainment: movies, videos, nightclubs, shows, music (CDs and tapes, concerts, etc.), Internet, video games, etc.
Medical bills not covered by insurance:
Enter the average amount you spend out of pocket each month for medicine or medical treatment. (Note: Also included in the Hidden Expense Calculator.)
Other:
Enter here any other expense that you typically pay on a monthly basis.
Hidden Expenses:
Use the Hidden Expense Calculator to uncover your total hidden expenses, then enter that figure here.

Total Income:
This is your total income per month.
Total Expenditures:
This is the total amount that you spend each month.
Net Cash Flow:
This number is your total income minus your total expenditures, and indicates your loss or gain each month.

This calculator is furnished by Smartmoney. Smartmoney is not associated with Transamerica Life Insurance Company nor any of its affiliates. While Transamerica provides this calculator as a service to its clients, Transamerica does not guarantee its accuracy, nor does Transamerica give tax or legal advice. Clients and prospects must consult with and rely solely upon their own independent advisors regarding their particular situation. The results and explanations generated by this calculator are hypothetical and will vary due to user input and various assumptions. Transamerica does not guarantee the accuracy of the calculations, results, explanations, nor their applicability to your specific situation. We recommend that you use this calculator as a guideline only. A Transamerica representative can help you with the calculator and your results, and answer any questions you may have.

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