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Forecasting SpreadsheetPLAN FOR TOMORROW
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Off-line & Secure | Customizable | Access to step-by-step video instructions | Free Upgrades | Satisfaction Guaranteed!
Forecasting Spreadsheet
WILL YOU HAVE ENOUGH MONEY FOR ?
RETIREMENT | KID'S COLLEGE | YOUR DREAM VACATION | REMODELING YOUR HOME
WHAT CAN YOU AFFORD NOW ?
ON YOUR NEXT CAR | ON EATING OUT | CLOTHING | ENTERTAINMENT
WHAT KIND OF RETURN ON INVESTMENT DO YOU NEED TO MEET YOUR GOALS?
FIND OUT WITH XLYF's AUTOMATED FORECASTING SPREADSHEET
RETIREMENT | KID'S COLLEGE | YOUR DREAM VACATION | REMODELING YOUR HOME
WHAT CAN YOU AFFORD NOW ?
ON YOUR NEXT CAR | ON EATING OUT | CLOTHING | ENTERTAINMENT
WHAT KIND OF RETURN ON INVESTMENT DO YOU NEED TO MEET YOUR GOALS?
FIND OUT WITH XLYF's AUTOMATED FORECASTING SPREADSHEET
Compatibility: Microsoft Excel 2010, '13, '16, '19, 365
& 365 for MAC
& 365 for MAC
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Once you pay using Paypal - You will receive an e-mail with a link to download your spreadsheet
Buy both and save
Budget and Forecasting Spreadsheets for one price
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Price: $74.99
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forecasting video transcript:
Xlyourfinances forecasting spreadsheet, is a powerful tool for helping you predict your future financial position. This video is a brief overview of how the spreadsheet works. A good thing to have in mind is how far out into the future you want to try to forecast. The nice thing is you can make as many forecasts as you would like. So if you want to forecast the next five years, you can make a copy and label that five years, and from there you could create a five year forecast. The longer you try to forecast the less accurate it's going to be. None of us know what the future brings, however, through this forecasting spreadsheet, you can get some comfort as to whether you are on the right path or not. If I make this much per year and spend this much, how much money do I have leftover for what I want to try to do in the future. Whether it's planning for vacation, saving for your kids college, or saving for retirement. What makes it more complicated than just am I spending less than I'm earning, is layering in what kind of investment return you realistically plan on getting off your savings, and the unexpected large expenses that might come down the road. So, with that said, let's get started on some of the basics of the spreadsheet. There is a paycheck breakdown tab where you can calculate pre-tax and post tax items that come out of your paycheck which is very important as you calculate where all your money is going (Roth 401(k), HSA, health insurance etc.).
Everything is on an annual amount: annual earnings, annual spend, annual return on investment.
At the top, you can put in your current age and then at your retirement age you are able to separate working years from retirement years. The first section is cash flow, money coming in versus money going out, we need to make sure that the cash position is positive. If it is a negative cash flow year, you see the next section is “Coverage”, which is available collateral, available unsecured credit and available savings. This evaluates whether you have enough collateral or savings, and if need be, unsecured credit (i.e. credit cards), to cover the year’s shortfall. That is what coverage means, can you cover your negative cash flow for the year. Obviously if you're using credit cards to ‘cover’ the year, you are building up a liability that you're going to have to pay off someday. All these things are impacting assets and liabilities, which as you know, assets minus liabilities equal your net worth. So as the years go along you can see if your net worth is improving or getting worse based on what you think is going to happen.
There are two default sections, one general section where you can put in your general spending (i.e. fixed and variable expenses). If you want, you can go into more detail and list out as many categories as you would like. The next section is large expenses. These would be expenses like vacations, home remodeling, college, buying a car etc. In addition to the default sections, you can also add a loan, a loan with an asset and an investment. In the instructional videos we walk through exactly how to do this and how you can change variables and scenarios at different points in the future.
You can see how this activity of listing out your financial position and projecting it into the future is very helpful for identifying if you're going to have enough cash year to year, and whether you are on the right track to accomplish your goals. I hope you give it a try and I look forward to walking it through with you. Thank you!
Everything is on an annual amount: annual earnings, annual spend, annual return on investment.
At the top, you can put in your current age and then at your retirement age you are able to separate working years from retirement years. The first section is cash flow, money coming in versus money going out, we need to make sure that the cash position is positive. If it is a negative cash flow year, you see the next section is “Coverage”, which is available collateral, available unsecured credit and available savings. This evaluates whether you have enough collateral or savings, and if need be, unsecured credit (i.e. credit cards), to cover the year’s shortfall. That is what coverage means, can you cover your negative cash flow for the year. Obviously if you're using credit cards to ‘cover’ the year, you are building up a liability that you're going to have to pay off someday. All these things are impacting assets and liabilities, which as you know, assets minus liabilities equal your net worth. So as the years go along you can see if your net worth is improving or getting worse based on what you think is going to happen.
There are two default sections, one general section where you can put in your general spending (i.e. fixed and variable expenses). If you want, you can go into more detail and list out as many categories as you would like. The next section is large expenses. These would be expenses like vacations, home remodeling, college, buying a car etc. In addition to the default sections, you can also add a loan, a loan with an asset and an investment. In the instructional videos we walk through exactly how to do this and how you can change variables and scenarios at different points in the future.
You can see how this activity of listing out your financial position and projecting it into the future is very helpful for identifying if you're going to have enough cash year to year, and whether you are on the right track to accomplish your goals. I hope you give it a try and I look forward to walking it through with you. Thank you!
XLYourFinances.com is owned and operated by XLYourFinances, LLC.
All XLYourFinances.com spreadsheets are copyright protected, © 2010-2022.
All XLYourFinances.com spreadsheets are copyright protected, © 2010-2022.