A fundamental part of managing your personal finances is understanding what your monthly cash flow looks like. More specifically, what are your sources of income each month, and what are your typical expenses. Having this understanding is necessary to develop a budget, which is a tool everyone should have and use. Unfortunately, more than half of all Americans do not follow any sort of monthly budget.
VisualCalc’s Cash Flow Calculator is a great tool for people looking to get a high-level understand of their monthly inflows and outflows, and the net effect of these two figures. The calculator can serve as an important first step in developing and maintaining a functional household budget.
