1. How can we monitor our actual spending? . 151 2. What is an analysed cash book? . . . . . . . 153 3. What are contra entries? . . . . . . . . . . . 157 4. How can we record a bank overdraft in an . . analysed cash book? . . . . . . . . . . . . 161
5. How can we present personal financial . . . . information graphically? . . . . . . . . . . . 161 Chapter Review . . . . . . . . . . . . . . . . . 163
Case Study Keeping to a Budget We now have extra expenses repaying the car
loan. This is putting pressure on our finances.
I know, especially as we also need to save for our family holiday in France this summer. We’ll need to keep a tight control of our finances for the rest of the year.
Learning Outcomes 1.2 1.12 1.13
Frank and Fiona are monitoring their household cash. They have bought a new car with a combination of savings and some money borrowed from the credit union. They are now trying to save for a family holiday. They prepared a budget at the beginning of the year, but they now need to record their income and spending to make sure that they are keeping to their budget plan.
