Income and Expense Statement
Make the Income and Expense Statement your own!
Customize the categories to represent all income and expenses
you haveSpecific categories may be more effective
Take Charge Today August 2013 Income and Expense Statement Slide
#Funded by a grant from Take Charge America, Inc. to the Norton
School of Family and Consumer Sciences Take Charge America
Institute at the University of Arizona2.2.4.G1Find a tracking
method that works for youA written system is more effective than a
mental system like Evan you can trick yourself into thinking you
spend less than you do!Record in writingSmartphoneKeep
receiptsDepository institution account statementsMoney management
computer software program
Take Charge Today August 2013 Income and Expense Statement Slide
#Funded by a grant from Take Charge America, Inc. to the Norton
School of Family and Consumer Sciences Take Charge America
Institute at the University of Arizona2.2.4.G1
Net Gain or Net LossNet gainNet lossGoal is to have income (from
sources other than drawing down savings or selling assets) greater
than expenses.
Take Charge Today August 2013 Income and Expense Statement Slide
#Funded by a grant from Take Charge America, Inc. to the Norton
School of Family and Consumer Sciences Take Charge America
Institute at the University of Arizona2.2.4.G1Statement of
Financial Position Income & Expense StatementSpending PlanWhat
is my financial position today?What is my future money management
plan?How have I managed my money in the past?Net GainNet LossA
spending plan will help you plan your spendingUse that money for
savings or other expensesIncrease income and/or decrease
expenses
Take Charge Today August 2013 Income and Expense Statement Slide
#Funded by a grant from Take Charge America, Inc. to the Norton
School of Family and Consumer Sciences Take Charge America
Institute at the University of Arizona2.2.4.G1
SummaryTells you where your money is coming from and where it is
goingThree components: income, expenses, and net gain/lossUse a
tracking method that works best for youCustomize income and expense
categories
Take Charge Today August 2013 Income and Expense Statement Slide
#Funded by a grant from Take Charge America, Inc. to the Norton
School of Family and Consumer Sciences Take Charge America
Institute at the University of Arizona2.2.4.G1Create Your Own
Take Charge Today August 2013 Income and Expense Statement Slide
#Funded by a grant from Take Charge America, Inc. to the Norton
School of Family and Consumer Sciences Take Charge America
Institute at the University of Arizona2.2.4.G1
