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Financial Goals Worksheet (Basic)
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The tables have sample goals and other information. Replace them with your own data.
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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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Financial freeomFinancial freedomFinancial freedomNeedReduce 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 EducationNeedPayoff student loans NeedPayoff student loans Need-Payoff student loans Need-Payoff student loans Need-Payoff student loans 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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Buy 1st BusinessBuy 1st BusinessBuy 1st BusinessNeedBuy HouseNeedBuy HouseNeed1Buy HouseNeed1Buy HouseNeed1Buy HouseNeed1
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Income PropertyIncome PropertyIncome PropertyDesireBuy CarNeedBuy CarNeed4Buy CarNeed4Buy CarNeed4Buy CarNeed4
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Get my MBAGet my MBADon't need 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 tripDesireChild 1 Higher EducationNeedChild 1 Higher EducationNeed2Child 1 Higher EducationNeed2Child 1 Higher EducationNeed2Child 1 Higher EducationNeed2
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foreign tripforeign tripBuy CarNeedforeign tripDesireforeign tripDesire8foreign tripDesire8foreign tripDesire8Modifications in HouseDesire5
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Piece of landPiece of landFirst buy a basic houseBuy Luxury Car / SUVDesireModifications in HouseDesireModifications in HouseDesire5Modifications in HouseDesire5Modifications in HouseDesire5WeddingDesire6
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Buy CarBuy CarModifications in HouseDesireWeddingDesireWeddingDesire6WeddingDesire6WeddingDesire6Long Term (10+ years)
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Buy Luxury Car / SUVBuy Luxury Car / SUVWeddingDesireBuy 2nd HouseDesireBuy 2nd HouseDesire7Buy 2nd HouseDesire7Buy 2nd HouseDesire7Financial freedomNeed1
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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 EducationNeed2
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Redecorating houseRedecorating houseNot necessary yetPayoff student loans NeedFinancial freedomNeedFinancial freedomNeed1Financial freedomNeed1Financial freedomNeed1Children's MarriageNeed3
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WeddingWeddingChild 2 Higher EducationNeedChild 2 Higher EducationNeed2Child 2 Higher EducationNeed2Child 2 Higher EducationNeed2^ ^ ^^ ^ ^^ ^ ^
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Reduce Credit Card DebtAddedBuy 1st BusinessNeedBuy 1st BusinessNeed3Buy 1st BusinessNeed3Children's MarriageNeed3Be careful with calculations.
Seek professional help if you don't know how to find the answers here
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Payoff student loans AddedIncome PropertyNeedIncome PropertyNeed3Income PropertyNeed3Income PropertyNeed3
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Buy Luxury Car / SUVDesireBuy Luxury Car / SUVDesire9Buy Luxury Car / SUVDesire9Buy Luxury Car / SUVDesire9
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