Basic Financial Planning (Page 4 of 9) in pdf

Basic Financial Planning Page 4

Personal Survival Budgets

Very few businesses make much money in the first year. This form has been designed to

help those people planning to work in a social enterprise to work out how much they need

to survive over the first twelve months.

Estimated Expenditure

Weekly

Monthly

Yearly

Mortgage

Council tax and water rates

Gas, electricity and oil

All personal and property insurance

Food, general housekeeping expenses

Clothing

Telephone

Travel expenses (other than car)

Hire charges (video, TV, etc)

Entertainment expenses

Subscriptions

Car - tax and insurance

Car - running expenses

Car - service and maintenance

Children's expenditure

Saving plans

HP repayments and loan repayments

Contingencies

Credit card payments

Holidays

Estimated Expenditure

Income Coming In (NOT from business)

Income Minus Expenditure

= Survival Income Needed

(This figure is the share of the businesses profits each person/employee would need as

a minimum to survive - can the business afford it?)

P 162

Basic Financial Planning Page 4