Excel Spreadsheets Organize Your Finances
Personal finances can be very hard to manage without the use of spreadsheets for simplification, organization, and error reduction. However, designing a spreadsheet takes a lot of time and often requires the expert hand of an accountant. This is true especially for business spreadsheets, which take into account lots of expenses and income.
I have selected the finest spreadsheets from around the Internet for your use. Enjoy!
Take into account all the variables of your 401k saving to see your retirement amount. Change the amount saved per check or the age of retirement and even the expected annual return. Comes with a cool graph to visualize your earnings.
Even when the economy is steady, having a 6 months rainy day savings can go a long way in securing a stable future for your family. Nowadays, the government recommends a family has enough to live on for 8 months, provided all income sources are removed. Hence, managing your money for a personal or family emergency is a must in today’s financial climate. If you want to start saving money, here are some great ideas and tips you can use to build your own security backdrop.
I. Analyze your Spending Pattern, Calculate your Needs
1.Calculate your monthly expenses that are mostly static- insurance premiums, mortgage payments, tax payments, household purchases etc.
Grocery spending can be one of the biggest financial burder on a family. An average family of four spends approximately $6,280 annually on groceries. This translates to a whopping $121 a week. Even with the current economic condition, food prices have not budged. Market analysts predict that it takes about 3 quarters (9 months) for food prices to change based on market conditions. That means we can still expect to wait 4 or 5 more months until a substantial price decrease is seen. By following the steps below, you can expect to reduce your grocery spending costs by about 15%, almost $900 in annual savings in an average household.
A lot of people don’t know that there are many electricity bill aid programs available for low income residents in their respective states. For example, the state of California offers Low-Income Energy Efficiency (LIEE)
This service includes attic insulation, energy efficient furnaces, energy efficient refrigerators, weatherstripping, caulking, water heater blankets, low-flow shower heads, as well as door and building envelope repairs which reduce air infiltration. These services can help customers in California save on electric and heating bills. Remember, a few dollars of savings can add up big over the long run!
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