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PERSONAL BUDGETING
Fortnightly/Monthly
CASH IN FLOWS:
Net wages e.g. take home pay
Government agencies e.g. Newstart, parenting payments, sickness benefits, pensions, etc.
Family assistance e.g. Family Tax Benefits A & B, school kids bonus, rent assistance, etc.
Tax and Family Tax Benefits refunds
Child support received
Interest
Investments e.g. dividends, managed funds, rental property, etc.
Sales of assets e.g. motor vehicles, shares, property, etc.
Other income
TOTAL CASH IN FLOWS
CASH OUT FLOWS:
Groceries e.g. supermarket, fruit, vegetables, etc.
Eating out e.g. takeaways, coffee, tea, lunches, snacks, etc.
Insurance e.g. Health, life, Total & Permanent Disability, loss of income, etc.
Newspapers, books & magazines
Home - Electricity, gas & water
Home - Loan repayments, credit cards, rent, ATO tax payable, etc.
Home - Repairs, rates, water, insurance, body corporate, etc.
Home - Furniture - air-conditioners, refrigerator, dishwasher, oven, microwave, hot water system, home phone, etc.
Home - iPads, iPhones, apps, mobiles, internet, home phone, foxtel, etc.
Transport e.g. bus fares, ferries, trains, etc.
Motor vehicle - Fuel
Motor vehicle - Registration
Motor vehicle - Insurance
Motor vehicle - Interest or leasing expenses (Please provide hire purchase or loan agreement)
Motor vehicle - Repairs & services
Motor vehicle - Purchase
Motor vehicle - Breakdown service e.g. RACQ
Motor vehicle - Car washes
Motor vehicle - Tolls & parking
Work expenses - Home office - electricity, laptops, computers, furniture, internet, stationery, cartridges, iPhone, etc.
Work expenses - Tools, boots, mobile, courses, etc.
Clothing
Hairdressers
Entertainment e.g. alcohol, restaurants, movies, shows, celebrations, etc.
Gifts
Health - Doctor, dentist, opticians, chemist, glasses, gym, etc.
Children - School fees, uniforms, stationery packs, transport, bus fares, sport, excursions, etc.
Children - University fees, TAFE, courses, etc.
Children - Clothing, home furniture, desk, bed, manchester, etc.
Children - Health - Doctors, dental, optical, hospitals, pharmacy, etc.
Children - iPads, iPhone, laptops, internet, nintendo DS, Wii, X-Box, plus games & apps, etc.
Children - Music & movie downloads
Children - Birthdays, gifts, friends gifts, holidays, pocket money, etc.
Child support paid
Holidays
Pets e.g. food, vets, etc.
Sporting memberships
Hobbies
Donations
Superannuation co-contributions or salary packaging in addition to employers contributions
Other expenses
TOTAL CASH OUT FLOWS
NET CASH FLOWS
Cash out flows
spreadsheet
Use expense categories as necessary
Enter from bank statements and credit cards then other cash
transactions
Date Description
Amount Groceries
Eating out Home
Car Entertainment Mob/Internet
Children exps
01/01/12 Coles
100.00 300.00
02/01/12 McDonalds
50.00 50.00
02/01/12 CBA
3,000.00
3,000.00
05/01/12 Origin
430.00
430.00
08/01/12 BP 80.00
80.00
15/01/12 Dan Murphy's 60.00
60.00
Total using auto sum 3,720.00 300.00 50.00 3,430.00 80.00 60.00
DISCLAIMER
The information provided in the above documents is not intended to be, nor should it be construed as tax advice. Any specific recommendation for a client can only be done after their individual circumstances have been determined by David Douglas Accountants.
We have clients from the following locations:
Brisbane, Albion, New Farm, Teneriffe, Newstead, Windsor, Wilston, Bowen Hills, Wooloowin, Herston, Lutwyche, Hamilton, Eagle Farm, Gordon Park, Fortitude Valley, Clayfield, Ascot, Hendra.
Morayfield, Burpengary, Caboolture, Bellmere, Wamuran, Narangba, North Lakes, Mango Hill, Kallangur, Dakabin, Deception Bay, Bribie Island, Elimbah, Kippa-Ring.
We do tax returns for individuals, trusts, companies, partnerships, contractors, ABNs and sole traders.
Liability limited by a scheme approved under Professional Standards legislation