Military Education Department
Personal Financial Management (PFM)

A cash flow analysis shows your income and expenses and determines whether you are living within your means or having to borrow money each month. The calculator below will help you to categorize your monthly income and expenses expenses and will show you whether or not you are spending more than you make.

After tracking your expenditures over the course of 30 days you can categorize the money you spend and create a cash flow analysis. Even if you don't feel like tracking every cent you spend for a month, you will find that the calculator below has a large number of categories that help you to guesstimate your monthly expenses fairly accurately. It will be useful to collect together your check book and a stack of monthly bills before starting in with this calculator, as they will contain the data you need to fill in all of the different fields.

You will want to use the Hidden Expense Calculator first because the monthly number it generates is needed in this calculator.

Income
Regular Income - Enter you normal monthly income here. If you are married add your income and your spouses.
Other Income - Enter any extra monthly income you might make from a night job, royalties, etc.
Expenses
Rent or Mortgage - Enter your monthly rent or mortgage bill here.
Car Payment - If you have a car loan(s), enter the total monthly payment(s) here.
College loans - If you are making payments on a college loan, enter the payment here.
Other loans - If you make monthly payments on other loans for furniture, boats, appliances, etc., enter the total monthly payments here.
Insurance - If you make monthly payments on any type of insurance, enter the amount here (do not enter insurance policies that you pay yearly or every six months, as they will be on the hidden expense calculator).
Groceries - Enter the amount you spend per month on food at the grocery
Eating Out - Enter the amount you spend per month on food at restaurants, vending machines, etc.
Gasoline - Enter the amount you spend per month on gasoline
Electricity - Enter your average monthly electric bill here.
Gas - Enter your average monthly natural gas bill here.
Water/Sewer - Enter your average monthly water bill here
Telephone - Enter the amount you spend on local and long distance phone service per month
Clothing - Enter the amount you spend on clothing per month
Habits - If you smoke, play the lottery, etc. on a regular basis, enter your average monthly expenses here.
Cable TV - If you have cable enter your monthly bill here.
Cellular phone or beeper - If you have a cell phone or beeper and pay a monthly bill on it, enter the bill here.
Entertainment - Enter you average monthly expenditure on entertainment: movies, videos, nightclubs, shows, music (CDs and tapes, concerts, etc.), Internet, video games, etc.
Medical - If you spend money monthly for medicine, treatment or medical insurance, enter the amount here.
Other - Enter here anything else you can think of that you typically pay on a monthly basis.
Hidden Expenses - Use the Hidden Expense Calculator to calculate your total hidden expenses, and enter the monthly number from that calculator here.
Click this button to calculate the total.
Total Income - This is your total income per month
Total Expenses - This is the total amount of money you spend per month on expenses.
Loss or gain - This number is total income minus total expenses, and indicates your loss or gain each month. A positive number indicates that you make more than you spend and therefore are able to save money each month. A negative number indicates that you spend more than you make and are therefore borrowing money each month.
Click this button to calculate a new value.

If you find from this analysis that you spend more than you make, then it may be time to look at your lifestyle and make some corrections.

Note: These calculations are estimates and are only provided to give you some general guidelines , although we believe the calculations to be correct, we do not guarantee the results. For more information or assistance with your personal finances, Please consult your financial advisor or lending institution before making any final financial decisions.

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Assistance

Counseling

If you have questions or need assistance after graduating from the SDCC Military PFM course contact one of the counselors listed below:

Army - E-mail

Anthony Powell – Ft. Bliss, TX
Wk Ph: 915-568-4453,
DSN: 978-4453
Email: anthony.powell1@us.army.mil

Navy - E-mail

Mike Kempf – Pensacola, FL
Wk Ph: 850-452-3228,
DSN: 922-3228
Email: mikekempf@bellsouth.net

More information

New Links 10-21-2008

Calculators

Glossary

Common terms in financial planning

General Information

SDCC has articulated the Navy PFM course for one college credit. Navy personnel who have graduated from the Navy PFM course qualify. Typically, it can be difficult to apply one credit and meet the requirements of a three credit semester long course at most colleges and universities. With that in mind, we have taken the initiative of developing a two credit online course that will be available upon completion of the Navy PFM course. Sailors who have completed the requirements of both the Navy PFM course and the online PFM course will be given credit for completing the three credit Consumer Studies 110 course offered by San Diego City College and Mesa College and transferable to any Servicemembers Opportunity College (SOC).

For additional information or to see if you qualify contact a PFM counselor.

Military Pay Chart - 2008 3.5% Pay Increase

E-mail the Webmaster
Michael Steffens
Phone: 847-746-2790
Fax: 847-746-2791

Military Education Department Personal Financial Management (PFM)

PFM Contact Information Darrell Himmelspach dhimmels@sdccd.edu Phone: 847-746-2790 Fax: 847-746-2791

Program Managers

How is your financial fitness?

You can find out by taking the quizzes below Financial Fitness Quiz or Financial Fitness Checkup

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Additional Course Information

Monthly Cash Flow Calculator