Your annual income of $20,376 exceed your annual expenses of $11,592 providing you a positive cash flow of approximately $8,784 per year. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Annual Cash Flow Summary' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='0' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='' /></categories><dataset seriesName='Income' color='0B9191'><set value='20376.0' /></dataset><dataset seriesName='Expenses' color='F58127'><set value='11592.0' /></dataset><dataset seriesName='Cash Flow' color='d8d8d8'><set value='8784.0' /></dataset></chart>"); // --> </script> <table class='pure-table' role='grid'><tr><th colspan='4' class='section'>Itemized Income</th></tr><tr><th scope="col">Category</th><th scope="col">Monthly</th><th scope="col">Annual</th><th scope="col">Percent</th></tr><tr><td>Wages, salary, tips</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Alimony, child support (received)</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Dividends from stocks, etc.</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Interest on savings accounts, bonds, CDs, etc.</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Social Security Benefits</td><td>$1,698</td><td>$20,376</td><td>100.0%</td></tr><tr><td>Pensions</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Other income</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Total Income</td><td>$1,698</td><td>$20,376</td><td>100%</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><th colspan='4' class='section'>Itemized Expenses</th></tr><tr><td>Mortgage payment or rent</td><td>$878</td><td>$10,536</td><td>90.9%</td></tr><tr><td>Vacation home mortgage</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Automobile loan(s)</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Personal loan(s)</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Charge accounts</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Federal income taxes</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>State income taxes</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>FICA (social security taxes)</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Real estate taxes</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Other taxes</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Utilities (electricity, heat, water, telephone, etc.)</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Household repairs and maintenance</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Food</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Clothing and laundry</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Educational expenses</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Child care</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Automobile expenses (gas, repairs, etc.)</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Other transportation expenses</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Life insurance premiums</td><td>$88</td><td>$1,056</td><td>9.1%</td></tr><tr><td>Homeowners (renters) insurance</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Automobile insurance</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Medical, dental and disability insurance</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Entertainment and dining</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Recreation and travel</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Club dues</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Hobbies</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Gifts</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Major home improvements and furnishings</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Professional services</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Charitable contributions</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Other and miscellaneous expenses</td><td>$0</td><td>$0</td><td>0.0%</td></tr><tr><td>Total Expenses</td><td>$966</td><td>$11,592</td><td>100%</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Total Net Income</td><td>$732</td><td>$8,784</td><td>43.1%</td></tr></table><ul><li><a href="bud01">How does inflation impact my standard of living?</a></li><li><a href="bud02">How much am I spending?</a></li><li><a href="bud03">How much do I need for emergencies?</a></li><li><a href="pay-down-debt-or-invest">Should I pay down debt or invest my monthly surplus?</a></li><li><a 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