Managing A Budget

Managing a budget isn’t just an expense problem, it is a income problem.

“A poor man knows the true value of money and will not dare waste it”

Financial Statement

Financial Statement

Mr. Jones makes $1500 a month (minus $60 in taxes).  Mr. Jones has $5000 saved in a mutual fund which earns 4% interest ($200 a year)  Mr. Jones owns a rental house and gets $600 a month in rent.  Mr. Jones’s house is valued at $70,000 and he pays $300 a month.  Mr. Jones graduated high school and started his own business.


Salary-$1500.  Passive Income (Interest, Dividends, Real Estate).  Total Income-$2115


Taxes-$60.  Home Mortgage-$300.  School Loan-$0.  Credit Card-$300.  Utilities-$300


Mr. Smith makes $5000 a month (minus $200 in taxes).  Mr. Smith has $5000 in the bank which earns .1% interest ($5 a year).  Mr. Smith doesn’t own rental property.  Mr. Smith’s home is valued at $350,000 and he pays $1500 a month.  Mr. Smith has a Master Degree and runs a profitable company.  


Salary-$5000.  Passive Income (Interest, Dividends, Real Estate).  Total Income-$5005


Taxes-$200.  Home Mortgage- $1500.  School Loan-$1000.  Credit Card-$1500.  Utilities-$450


Mr. Jones has an income of $2115 minus expenses of $960 a month.  Cashflow =$1155 a month.  Mr. Jones sticks 20% ($231 a month into his mutual fund)


Mr. Smith  has an income of $5005 minus expenses of $4650 a month.  Cashflow =$355 a month.  Mr. Smith sticks 35% ($124.25 a month into his 401k)


Mr. Jones

Mr. Smith

















School Loan



Credit Card












Total Income



Fine Food Cuisine

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Close Menu