Cash Budgeting: A Pro Forma Cash Flow Analysis

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GHSD 6030: Introduction to Health Systems, Management and Policy

Assignment 5: Cash Budgeting: A Pro Forma Cash Flow Statement

Attached is my budget for the year 2017-2018. The first portion of the budget is for my summer when I will be living with my mother and working as an unpaid intern. The remaining portion is for my school year when I will be living in a rental home with my partner and working as a nanny. My partner and I have a joint bank account and almost all the money we make or spend goes to or comes from it, we each have jobs but are also partially supported by our parents to varying degrees. It was difficult to decide if I wanted to split the budget and only chart out my half or if I wanted to do our joint budget. Unfortunately, …show more content…
The majority of inflowing cash comes from my mother who currently sends me an allowance of $1300 a month and who pays my insurance bills. I sporadically receive cash from my father but not in a predictable manner or at a significant level. Though it is unlisted it is worth mentioning that my partner works full time, bringing in the bulk of our households’ income and is supported by his parents, who do not send him a set allowance, but send him the difference if we are looking at a deficit for the month. The other notable source of money is monetary gifts I will receive for my birthday, graduation, and …show more content…
She is kind enough to allow me to devote my entire attention to being a full-time student so is willing to cover half of my households’ expenses as long as they are reasonable. I was already quite grateful to my mother but doing this project helped me exactly how much she was doing for me. I think that it was good for me to talk with her about some of the expenses that I do not see, such as insurance, because it is very easy for me to ignore them but they will be unavoidable once I graduate and am financially independent. Even once I am essentially financially independent I am lucky because my mother will still be there in the case of an emergency; if something happens that I have no way of covering she will still be willing to help cover it or lend me money. This does not mean however that I plan to be callous about my financial future, I will very likely reuse this tool whenever I am undergoing a large change in my finances/circumstances as it provides a very good perspective, both of the bigger picture and of finer
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