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1 | Please Read Before Using This Spreadsheet | ||||||||||||||
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6 | Welcome to your new Personal Finance Management Spreadsheet. This comprehensive tool is designed to assist you in taking control of your financial future. Hereβs what you can expect: | ||||||||||||||
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8 | Net Worth Tracker: Easily keep track of your assets and liabilities to see your total net worth at a glance. Basic Version | ||||||||||||||
9 | FIRE Retirement Projection: Plan your path to financial independence and early retirement with projections based on your current financial situation. Premium Version Only | ||||||||||||||
10 | Buy vs Rent Calculator: Make informed decisions about whether to buy a home or continue renting, based on detailed financial comparisons. Premium Version Only | ||||||||||||||
11 | Budgeting Section: Manage your monthly income and expenses to better understand your spending habits and savings potential. Premium Version Only | ||||||||||||||
12 | Sankey Diagram Generator: Visualise your financial flows, providing a clear picture of how your money moves. Premium Version Only | ||||||||||||||
13 | Helpful Links: Gain quick access to resources and advice that can help you deepen your financial knowledge. Premium Version Only | ||||||||||||||
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15 | To purchase the Premium Version, please visit this link. | ||||||||||||||
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17 | For detailed instructions on how to use each feature, please see the sections below on this main page. Whether you're planning for retirement, managing your monthly budget, or assessing your investment decisions, this tool is here to support your journey towards financial wellness. | ||||||||||||||
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20 | 1. Net Worth Tracker | Basic Version | |||||||||||||
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24 | How To: | ||||||||||||||
25 | 1. Set Time Periods | ||||||||||||||
26 | i. Replace column A with your desired time period cadence | ||||||||||||||
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28 | 2. Set Assets & Liabilities | ||||||||||||||
29 | ii. Set as many asset and liability types as you'd like on row 29 | ||||||||||||||
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31 | 3. Replace Placeholder Data | ||||||||||||||
32 | iii. Add your own data and watch the charts reflect it. Input your data in the white cells. | ||||||||||||||
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34 | 4. Migrate to PopaDex for better tracking | ||||||||||||||
35 | iv. Export the Migration tab to CSV to keep all of your data and upload to your account on https://popadex.com | ||||||||||||||
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45 | Tired of using spreadsheets? Join other users who are optimising their financial health by privately and automatically aggregating their accounts on PopaDex. | ||||||||||||||
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47 | Try PopaDex π | ||||||||||||||
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50 | 2. Retirement Calculator & Projection | Premium Only | |||||||||||||
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55 | How To: | ||||||||||||||
56 | 1. Set Inputs, Goals, and Assumptions | ||||||||||||||
57 | i. All cells with a white background can be changed to suit your personal situation or modelling. | ||||||||||||||
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59 | 2. Results | ||||||||||||||
60 | ii. The model will output the age at which you can achieve LeanFIRE, FIRE, and FatFIRE, which are terms used to describe financial independence from lower to higher income levels, respectively. | ||||||||||||||
61 | You can then view your results in the Retirement Projection chart. | ||||||||||||||
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63 | This model is inclusive of: | ||||||||||||||
64 | β Inflation | ||||||||||||||
65 | β Mortgage | ||||||||||||||
66 | β Tax | ||||||||||||||
67 | β Pension | ||||||||||||||
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75 | 3. Rent Vs Buy | Premium Only | |||||||||||||
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80 | How To: | ||||||||||||||
81 | 1. Set User Inputs | ||||||||||||||
82 | i. This model takes in 26 different inputs to help you assess whether it makes more financial sense to buy or rent real estate in any given scenario. All placeholder values can be altered. | ||||||||||||||
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84 | 2. Results | ||||||||||||||
85 | ii. The model will output a cost comparison of buying and renting under the criteria you give, helping you make an informed decision. | ||||||||||||||
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100 | 4. Budget | Premium Only |