Personal Finance spreadsheets

Total results: 9 nothing-more

What is Personal Finance?

• Personal finance is the discipline of saving, spending and investing money. It involves the action of assessing your current financial position, setting a financial goal, and then establishing the path that is to be taken to reach the goal. These goals can be short-term or long-term depending on the need and the situation of a person. This concept can be applicable for a household or an individual. Some of the key proponents within Personal Finance are banking, insurance, and mortgages. Banking is important because this includes checking and savings accounts. Insurance can help lessen the financial blow of an unexpected incident and is very important in personal finance. Budgeting is an important topic in personal finance as well because it is a guide to how you will stick to and follow your goal.

Some Elements of Personal Finance

-Cash Flow Planning


-Retirement Planning

-Income Tax Planning

-Education Planning

Benefits of Financial Planning

• By engaging in financial planning, one will be able to live a disciplined lifestyle where there is a sense of security and peace. Just having a plan and a goal that one is working towards lessens the strain in life. Studies show that having a plan for how you spend, save and invest your money can reduce marital stress. It is also a very effective and helpful way to get out of debt which can create stress. Also, if started early, saving for retirement by investing and setting up a 401k will allow an individual to continue their lifestyle and way of living throughout retirement. By budgeting, one can see potential money problems early on and can work around them before the problem occurs. Financial Planning reduces the impact of financial crisis and helps one have a better future. Overall, one becomes more aware of their money and spending habits through financial planning.

For more information on Personal Finance:

Personal Finance

6 Advantages of Personal Financial Planning

Ten reasons why financial planning is important

keyboard_arrow_downShow more

Related categories

See all
eloqoon share idea

Have a Personal Finance spreadsheet to share?

Publish a spreadsheet

Learn more about digital publishing

eloqoon search

Can't find what you are looking for?

Tell us

Or browse through the Catalog

eloqoon search someone

Think of someone who could publish?

Suggest an author

Learn more about digital publishing

Any questions on Personal Finance?

The user community is here to help. Go ahead!

please wait...