Glossary

Personal Cash Flow

Companies take cash flow seriously because they know profit does not pay bills, cash does. The same logic applies to individuals: having a positive bank balance on one day does not mean much if in the next 10 days $ 50 will come in and $ 4,000 will go out.

How to calculate yours

  1. List all monthly inflows (salary, freelance, refund, dividends).
  2. List all monthly outflows (fixed costs, variable expenses, debts).
  3. Subtract: inflows − outflows = net flow of the month.
  4. Repeat for 3 months to see a trend.

Cash flow vs balance

ConceptWhat it shows
BalanceHow much is in the account today. Snapshot.
Cash flowHow much came in and went out over a period. Movie.
Net worthEverything you have minus everything you owe. Total.

Related terms