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My Financial Snapshot
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👉 Start here:
Loom video - Walkthrough Part I
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Loom video - Walkthrough Part II
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IncomeArrival Date
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After-tax salary or wagesTo estimate your monthly salary, look at your actual pay stubs or take your annual salary and use an online calculator to find your take home pay: https://smartasset.com/taxes/paycheck-calculator
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Any additional income: (rental, financial aid, self-employment, child support, pension, etc.)**If you have variable income, a couple options: (1) look at the past 6 months and use the average income OR (2) do two of these - one for your lowest earning month and one for your highest earning month in the past 12 months
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Total 0**If you are living paycheck to paycheck or generally living with very tight finances, include the due date below of when your income arrives into your bank account and when your expenses are due
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ExpensesDue Date
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Fixed Costs (needs)
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Rent / Mortgage
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Utilities
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Transport
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Insurance
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Groceries
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Phone Bill
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Minimum student loan payments
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Other minimum loan payments
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Other
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Total0
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Variable Costs (wants)
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Subscriptions**You can get granular and look at spending by category OR just get the overall rough estimate for your variable costs. Use an average of the last 6 months
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Travel
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Entertainment
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Bars
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Restaurants
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Self-Care
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Clothes
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Personal Care
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Taxis
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Total0
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TOTAL EXPENSES0
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Savings
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Emergency Fund
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Debt repayment
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Savings Goal: XYZ
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Retirement
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Investing
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Total savings and debt payment0
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INCOME REMAINING0**consider bringing this number down to zero so that every dollar is accounted for. do you want to put this into a savings goal?
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BUDGET PLAY
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Current totals (based on what you input above)
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Needs$0
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Wants$0
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Savings and debt repayment$0
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If you were to use the 50/30/20 budgeting model:
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50/30/20 budget modeling (keeping your income the same)
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50% for needs$0
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30% for wants$0
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20% for savings and debt repayment$0
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50/30/20 income projection (keeping expenses the same)0<= income needed to keep your expenses the same
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50% for needs$0
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30% for wants$0
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20% for savings and debt repayment$0
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If you were to use the 70/20/10 budgeting model: (best for those with debt to repay)
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70/20/10 budget modeling (keeping your income the same)
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70% for total expenses (needs and wants)
$0
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20% for savings$0
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10% for debt repayment$0
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70/20/10 income projection(keeping expenses the same) 0
<= income needed to keep your expenses the same
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70% for total expenses (needs and wants)
$0
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20% for savings$0
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10% for debt repayment$0
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