--- title: "Get Ready! Money Pros Guide – Week πŸπŸ”: Create A Cash Flow Statement - InsNerds.com" description: "Do you know where your money is going? Happy Friday. Ready to hop into this week’s Get Ready Update? Let’s go! βœ… Week #16 Action Item: Create A Cash Flow Statement πŸ‘‰ This week, create or update your cash flow statement. πŸ‘‰ Knowing where your money is going will help guide you towards any changes" image: https://insnerds.com/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-02-45-50-8394-AM.jpg --- 3 min read # Get Ready! Money Pros Guide – Week πŸπŸ”: Create A Cash Flow Statement [![Picture of Nicholas Lamparelli](https://insnerds.com/hubfs/Nick%20Lamparelli(Headshot%20GS).jpg) Nicholas Lamparelli ](https://insnerds.com/insights/author/nicholas-lamparelli) : Apr 19, 2024 12:00:00 AM [Financial Preparedness](https://insnerds.com/insights/tag/financial-preparedness) ![Get Ready! Money Pros Guide – Week πŸπŸ”: Create A Cash Flow Statement](https://insnerds.com/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-02-45-50-8394-AM.jpg) Do you know where your money is going? Happy Friday. Ready to hop into this week’s Get Ready Update? Let’s go! βœ… Week **#16** Action Item: Create A Cash Flow Statement πŸ‘‰ This week, create or update your cash flow statement. πŸ‘‰ Knowing where your money is going will help guide you towards any changes that can be made. πŸ‘‰ Be judgement free on your cash flow. It’s okay if you’ve made spending choices that need to adjusted. What’s important is what you do going forward. πŸ‘‰ And, if you want to spend money on getting coffee out every day, that’s okay, as long as you make other adjustments ⭐️ Pro-tip: πŸ‘‰ Budgets are a subject of much debate as to whether they are truly important to a sound financial plan. There are many websites and books that are dedicated strictly to budgeting, and budgeting is even part of most financial planning software. Ultimately, using (and sticking to) a budget is up to you. Whether or not you choose to use a budget, it’s important to review your cash flow at least once a year. πŸ’­ Habit of the week: πŸ‘‰ Review the details of your income and expenses. πŸ’‘ **Get Ready Money Guide Tip**: Discussion prompts and ideas for those following The Get Ready Guide Kit ([access from your dashboard](https://www.tonysteuer.com/login)) πŸ‘‰ What have you learned about your cash flow? **Get Ready Insiders:** πŸ“ Access your guided walk-through, fillable PDF’s and worksheets for this week’s action item (#16) from your dashboard. πŸ‘‰ The Get Ready Blueprint Week 16 (monthly focus area 4) which includes the Cash Flow Analysis and Budget worksheet as a fillable PDF (review fillable PDF’s from Week 14 and Week 15). πŸ‘‰ Cash Flow Analysis and Budget worksheets in Excel format (Get Ready!/Get Ready Toolkit: Evaluating Your Financial Readiness section). Note: These resources are only available for Get Ready Insiders. If you are a long time subscriber, you can access the worksheets through The Get Ready Toolkit. [Access Your Dashboard here](https://www.tonysteuer.com/login) **Become a Get Ready Insider and get access to:** - A deeper dive on each weekly action item with insider tips and fillable worksheets. - A guided walk-through of The Get Ready Method. - The Get Ready Toolkit, a library of resources and worksheets to help you be financially prepared. Become a Get Ready Insider and you’ll have access to it all, and more! PS. As an insider, you will also help support the Get Ready Newsletter and The Get Ready Money Podcast [Become a Get Ready Insider](https://www.tonysteuer.com/offers/zxyzmoS7) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-02-45-50-8394-AM.jpg?width=100&height=100&name=Lamparelli-100x100-Jan-03-2025-02-45-50-8394-AM.jpg) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-02-45-50-8394-AM.jpg?width=100&height=100&name=Lamparelli-100x100-Jan-03-2025-02-45-50-8394-AM.jpg) ### About Nicholas Lamparelli Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist. - [![](https://insnerds.com/hubfs/Imported_Blog_Media/linkedin-Jan-03-2025-02-46-06-0994-AM.png) ![](https://insnerds.com/hubfs/Imported_Blog_Media/linkedin-Jan-03-2025-02-46-06-0994-AM.png) ](https://www.linkedin.com/in/nicklamparelli) - ![](https://insnerds.com/hubfs/Imported_Blog_Media/wordpress-Jan-03-2025-02-46-03-6680-AM.png) ![](https://insnerds.com/hubfs/Imported_Blog_Media/wordpress-Jan-03-2025-02-46-03-6680-AM.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-150x150-Jan-03-2025-02-45-49-7230-AM.jpg?width=150&height=150&name=Lamparelli-150x150-Jan-03-2025-02-45-49-7230-AM.jpg) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-150x150-Jan-03-2025-02-45-49-7230-AM.jpg?width=150&height=150&name=Lamparelli-150x150-Jan-03-2025-02-45-49-7230-AM.jpg) ##### [ Nicholas Lamparelli](https://insnerds.com/author/nick-lamparelli/) + posts Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist. - ** [From Teacher to Tech: How SettleStream Cuts Litigation Time and Costs - A Discussion with Chrysa Jones, COO](https://insnerds.com/from-teacher-to-tech-how-settlestream-cuts-litigation-time-and-costs-a-discussion-with-chrysa-jones-coo/) - ** [My Battle With Sleep Demons (and How I Overcame It 🀞)](https://insnerds.com/my-battle-with-sleep-demons-and-how-i-overcame-it-%f0%9f%a4%9e/) - ** [Exploring the History of Citizens Insurance Company of Florida: From Inception to Present - AoB Podcast](https://insnerds.com/20638-2/) - ** [The Importance of Security in Workflow For Insurance Agents & Brokers (AoB Podcast with Taylor Pascoe of ShareFile)](https://insnerds.com/the-importance-of-security-in-workflow-for-insurance-agents-brokers-aob-podcast-with-taylor-pascoe-of-sharefile/) ### Related Posts - [![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/unnamed-2-150x150-Jan-03-2025-02-42-20-1223-AM.png?width=150&height=150&name=unnamed-2-150x150-Jan-03-2025-02-42-20-1223-AM.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/unnamed-2-150x150-Jan-03-2025-02-42-20-1223-AM.png?width=150&height=150&name=unnamed-2-150x150-Jan-03-2025-02-42-20-1223-AM.png) ](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%93-review-your-expenses/) [Get Ready! Money Pros Guide – Week πŸπŸ“: Review Your Expenses](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%93-review-your-expenses/) βœ… Week #15 Action Item: Review your expenses. A key to positive cash flow is… - [![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Week-14-Get-Ready-action-item-Define-your-total-income-150x150-Jan-03-2025-02-42-14-8566-AM.png?width=150&height=150&name=Week-14-Get-Ready-action-item-Define-your-total-income-150x150-Jan-03-2025-02-42-14-8566-AM.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Week-14-Get-Ready-action-item-Define-your-total-income-150x150-Jan-03-2025-02-42-14-8566-AM.png?width=150&height=150&name=Week-14-Get-Ready-action-item-Define-your-total-income-150x150-Jan-03-2025-02-42-14-8566-AM.png) ](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%92-define-your-total-income/) [Get Ready! Money Pros Guide – Week πŸπŸ’: Define Your Total Income](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%92-define-your-total-income/) βœ… Week #14 Action Item: Define your total income. πŸ‘‰ This is an essential step… - [![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/unnamed-1-150x150-4.png?width=150&height=150&name=unnamed-1-150x150-4.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/unnamed-1-150x150-4.png?width=150&height=150&name=unnamed-1-150x150-4.png) ](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%91-reflect-on-the-prior-quarter/) [Get Ready! Money Pros Guide – Week πŸπŸ‘: Reflect On The Prior Quarter](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%91-reflect-on-the-prior-quarter/) Are you taking time to reflect on your accomplishments? Happy Friday. 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[Financial Preparedness](https://insnerds.com/insights/tag/financial-preparedness) [Read More](https://insnerds.com/insights/get-ready-money-pros-guide-week-review-your-expenses) ![](https://px.ads.linkedin.com/collect/?pid=7110236&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Nicholas Lamparelli", "url" : "https://insnerds.com/insights/author/nicholas-lamparelli" }, "dateModified" : "2025-01-03T02:46:29.491Z", "datePublished" : "2024-04-19T04:00:00.000Z", "headline" : "Get Ready! 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