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The document provides budget details for a family over 12 months. It lists monthly income sources as salaries and dividend income totaling AED 40,000 per month. Fixed expenses include home and car loan repayments, school fees, insurance payments and maid services totaling around AED 10,701 per month. Variable expenses like food, clothing, utilities fluctuate between AED 8,000-13,739 per month depending on the month. July expenses are higher due to increased food costs during Ramadan. The budget shows surpluses in some months and deficits in others, with the largest deficit of AED 5,559 in July.

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27 views

S. No. Questions

The document provides budget details for a family over 12 months. It lists monthly income sources as salaries and dividend income totaling AED 40,000 per month. Fixed expenses include home and car loan repayments, school fees, insurance payments and maid services totaling around AED 10,701 per month. Variable expenses like food, clothing, utilities fluctuate between AED 8,000-13,739 per month depending on the month. July expenses are higher due to increased food costs during Ramadan. The budget shows surpluses in some months and deficits in others, with the largest deficit of AED 5,559 in July.

Uploaded by

Helpline
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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S. No.

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Questions
What is the need of budgeting for the families?
What is the source of income of the family? Is there any other source of income except
salary?
Is there any incentive from the salary in the shape of bonus or increments?
What sort of expenses the family is expecting? What are the variable expenses and what are
the fixed expenses for the family?
All are of the expenses have to pay on monthly basis?
What are the basic needs of the family and what is the relevant range for these needs to
remain stable?
In case of budegatary deficit, what is the major source of the family to fulfill that deficit?
What are the future financial goals of the family?
Is the monthly saving sufficient enough to achieve the set future financial goals?
In case of debt, what is the priority of the family i.e. to pay the debt as early as possible or to
stretch the debt to the final maturity date?

ABC & DEF


Cash flow statement for the month of January, 2014
(all numbers in AED)
Cash inflows:
Salaries
Profit on saving deposits
Dividend income on investment

#REF!
335.00
755.00

#REF!

Cash outflows:
Fixed expenses:
Home loan repayment
Car loan repayment
School fee (daughter)
Home & content insurance premium
Car insurance premium
Maid Services
Total Fixed expenses

#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Variable expenses:
Food at home
Food outside home
Clothes etc.
Telephone
Electricity and water
Car expenses
Medical expenses
Recreation / entertainments
Total Variable expenses

#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

#REF!

#REF!

Total cash outflow

#REF!

Cash surplus

#REF!

ABC & DEF


Personal Balance Sheet as of June 30, 2014
(all numbers in AED)
Assets
Liquid assets:
Cash at home
Current / saving account balance
Fixed deposits
Total Liquid assets

2,500
8,500
30,000
41,000

Physcial assets:
Cars
Furniture and appliances
Electronics
Jewlery
Home
Total physcial assets

86,900
65,000
32,000
75,000
250,000

Investment assets:
Retirment fund
Stocks and bonds
Total investment assets

85,000
165,000

508,900

250,000

Total Assets

799,900
Liabilities

Current Liabilities:
Utilities bills due
Car loan payment due
Home loan payment due
Total Current Liabilities
Long term Liabilities:
Car loan after current payment
Home loan (mortgage) after current payment
Total Long term liabilities

1,700
1,737
1,320
4,757

85,163
248,680
333,843

Total Liabilities

338,600

Net Worth

461,300

12 Months don't forget that in July it is Ramadan so there wil

January
Income
Salary 1
Salary 2
Total Income
Fixed Expensise
Home loan repayment
Car loan repayment
School fee (daughter)
Home & content insurance premium
Car insurance premium
Maid Services
Total Fixed Expensise
Variable Expensise
Food at home
Food outside home
Clothes etc.
Telephone
Electricity and water
Car expenses
Medical expenses
Recreation / entertainments
Total Variable Expensise
surplus and deficit caculation

February

March

April

18,000
22,000

18,000
22,000

18,000
22,000

18,000
22,000

40,000.00

40,000.00

40,000.00

40,000.00

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

2,130.00
1,120.00
1,835.00
825.00
1,120.00
665.00
553.00
555.00
8,803.00

1,990.00
950.00
1,935.00
830.00
1,325.00
895.00
335.00
498.00
8,758.00

2,180.00
980.00
1,568.00
885.00
1,267.00
775.00
295.00
1,132.00
9,082.00

1,890.00
1,020.00
1,275.00
837.00
1,275.00
983.00
675.00
1,345.00
9,300.00

20,495.37

20,540.37

20,216.37

19,998.37

in July it is Ramadan so there will be more expinise on food


Month
May

June

July

August

September

October

November

December

18,000
22,000

18,000
22,000

18,000
22,000

18,000
22,000

18,000
22,000

18,000
22,000

18,000
22,000

18,000
22,000

40,000.00

40,000.00

40,000.00

40,000.00

40,000.00

40,000.00

40,000.00

40,000.00

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,319.59
1,737.18
2,000.00
630.38
3,514.48
1,500.00
10,701.63

1,965.00
870.00
1,345.00
665.00
1,335.00
834.00
660.00
769.00
8,443.00

3,450.00
1,675.00
2,335.00
996.00
1,465.00
865.00
190.00
865.00
11,841.00

3,890.00
1,780.00
3,225.00
1,235.00
1,589.00
954.00
176.00
890.00
13,739.00

1,850.00
950.00
1,655.00
835.00
1,476.00
865.00
335.00
754.00
8,720.00

1,975.00
825.00
1,367.00
785.00
1,335.00
725.00
154.00
985.00
8,151.00

1,625.00
975.00
1,875.00
996.00
1,220.00
665.00
267.00
725.00
8,348.00

2,235.00
980.00
1,965.00
985.00
1,154.00
1,022.00
554.00
335.00
9,230.00

2,120.00
965.00
1,776.00
990.00
1,099.00
986.00
689.00
665.00
9,290.00

20,855.37

17,457.37

15,559.37

20,578.37

21,147.37

20,950.37

20,068.37

20,008.37

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