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Financial Goals Worksheet (Basic)
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Step 1Step 2Step 3Step 4Step 5Step 6Step 7Step 8
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List down all your Major Life Goals.Rationalize the list of your life goals.Tag goals as 'Need' or 'Desire'Categorize goals as Immediate, Short-term, Mid-term and Long Term goalsGive priority to each of the goalsFind cost of each goal TodayRationalize goals & costs if need beFind how much you need to save and invest, where to invest to achieve your inflation adjusted goal costs in future
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Life GoalsLife GoalsRationalizeFinancial GoalsTag as Need or DesireCategorize Financial GoalsNeed/DesireFinancial GoalsNeed / DesirePriorityFinancial GoalsNeed / DesirePriorityCost TodayFinancial GoalsNeed / DesirePriorityCost TodayFinancial GoalsNeed / DesirePriorityCost TodayInflation adujsted Cost in FutureMonthly Required InvestmentEquity / Debt Ratio
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Buy HouseBuy HouseBuy HouseNeedImmediate (less than 1 year)Immediate (less than 1 year)Immediate (less than 1 year)Immediate (less than 1 year)Immediate (less than 1 year)
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RetirementRetirementRetirementNeedReduce Credit Card DebtNeedReduce Credit Card DebtNeed-Reduce Credit Card DebtNeed-Reduce Credit Card DebtNeed-Reduce Credit Card DebtNeed-
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Child 1 Higher EducationChild 1 Higher EducationChild 1 Higher EducationNeedHelp payoff Sister's small loan NeedHelp payoff Sister's small loan Need-Help payoff Sister's small loan Need-Help payoff Sister's small loan Need-Help payoff Sister's small loan Need-
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Child 2 Higher EducationChild 2 Higher EducationChild 2 Higher EducationNeedShort Term (1-5 years)Short Term (1-5 years)Short Term (1-5 years)Short Term (1-5 years)Short Term (1-5 years)
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Child 1 MarriageChild 1 MarriageChild 1 MarriageNeedBuy HouseNeedBuy HouseNeed1Buy HouseNeed1Rs 50 lacBuy HouseNeed1Rs 50 lacBuy HouseNeed1Rs 50 lac
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Child 2 MarriageChild 2 MarriageChild 2 MarriageNeedBuy CarNeedBuy CarNeed4Buy CarNeed4Rs 10 lacBuy CarNeed4Rs 10 lacBuy CarNeed4Rs 10 lac
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Child 1 Business VentureChild 1 Business VentureShould self fund itBuy 2nd HouseDesireMedium Term (5-10 years)Medium Term (5-10 years)Medium Term (5-10 years)Medium Term (5-10 years)Medium Term (5-10 years)
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Buy 2nd HouseBuy 2nd HouseForeign Trip (every 2-3 years)DesireChild 1 Higher EducationNeedChild 1 Higher EducationNeed2Child 1 Higher EducationNeed2Rs 25 lacChild 1 Higher EducationNeed2Rs 25 lacChild 1 Higher EducationNeed2Rs 25 lac
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Foreign Trip (every 2-3 years)Foreign Trip (every 2-3 years)Buy CarNeedForeign Trip (every 2-3 years)DesireForeign Trip (every 2-3 years)Desire8Foreign Trip (every 2-3 years)Desire8Rs 3 lacForeign Trip (every 2-3 years)Desire8Rs 3 lacModifications in HouseDesire5Rs 10 lac
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Holiday HomeHoliday HomeFirst buy a basic houseBuy Luxury Car / SUVDesireModifications in HouseDesireModifications in HouseDesire5Modifications in HouseDesire5Rs 10 lacModifications in HouseDesire5Rs 10 lacEurope Trip for ParentsDesire6Rs 5 lac
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Buy CarBuy CarModifications in HouseDesireEurope Trip for ParentsDesireEurope Trip for ParentsDesire6Europe Trip for ParentsDesire6Rs 5 lacEurope Trip for ParentsDesire6Rs 5 lacLong Term (10+ years)
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Buy Luxury Car / SUVBuy Luxury Car / SUVEurope Trip for ParentsDesireBuy 2nd HouseDesireBuy 2nd HouseDesire7Buy 2nd HouseDesire7Rs 75 lacBuy 2nd HouseDesire7Rs 75 lacRetirementNeed1Rs 3 crore
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Modifications in HouseModifications in HouseReduce Credit Card DebtNeedLong Term (10+ years)Long Term (10+ years)Long Term (10+ years)Long Term (10+ years)Child 2 Higher EducationNeed2Rs 35 lac
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Diamond Ring for WifeDiamond Ring for WifeSaying No is Risky :-)Help payoff Sister's small loan NeedRetirementNeedRetirementNeed1RetirementNeed1Rs 3 croreRetirementNeed1Rs 3 croreChildren's MarriageNeed3Rs 20 lac
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Europe Trip for ParentsEurope Trip for ParentsChild 2 Higher EducationNeedChild 2 Higher EducationNeed2Child 2 Higher EducationNeed2Rs 35 lacChild 2 Higher EducationNeed2Rs 35 lac^ ^ ^^ ^ ^^ ^ ^
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Reduce Credit Card DebtAddedChild 1 MarriageNeedChild 1 MarriageNeed3Child 1 MarriageNeed3Rs 15 lacChildren's MarriageNeed3Rs 20 lacBe careful with calculations.
Seek professional help if you don't know how to find the answers here
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Help payoff Sister's small loan AddedChild 2 MarriageNeedChild 2 MarriageNeed3Child 2 MarriageNeed3Rs 15 lacChild 2 MarriageNeed3Rs 15 lac
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Buy Luxury Car / SUVDesireBuy Luxury Car / SUVDesire9Buy Luxury Car / SUVDesire9Rs 20 lacBuy Luxury Car / SUVDesire9Rs 20 lac
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Contact:
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https://www.stableinvestor.com/financial-planning-services
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