"And I got to talking to you, I realized that it definitely changed my life, so I don't know why that wouldn't extend to other people. "I don't think I ever really thought that something as stupid as an Excel spreadsheet could change anyone's life," Celes said. People have reached out to say it helped them get out of credit-card debt, save for a house, and cultivate a healthier mindset around money. Others who found the spreadsheet through Reddit have also made financial strides. Her credit score has also improved and her spending anxiety has lessened, she said. And honestly, that to me is the most meaningful thing." "That kind of security and that feeling of safety is something that I had never had up until this point. ![]() "We recently had some emergencies come up and I was able to comfortably afford everything without fearing that suddenly I would be left with nothing," Celes said. Over the last four years, she built a $10,000 savings cushion. "I realized that I wanted the savings to be kind of like an expense, so I added it in a weird way so it would almost hide my savings from me. The spreadsheet includes a separate tab for factoring in big-ticket items. At the very top of the spreadsheet: how much you have left to spend for the day, week, or month. There are separate calculators for big-ticket purchases and regular savings, plus a goal tracker to log savings progress and setbacks. I use the budget one and it is really helpful. He also has one for tracking investments in Google sheets. ![]() Savings takes center stage in the current budget template, which Celes shared on the r/personalfinance Reddit channel, a community with 14.6 million members, in May. u/getToTheChopin has made this fantastic spreadsheet in Excel and shared it on the r/PersonalFinanceCanada sub. "I kind of realized that I needed to be more responsible with how I was working on the spreadsheet and adding things to it and making sure to kind of keep that initial goal of keeping it simple, but also taking the time to help teach people responsible financial practices." A better budget led to more savings and less anxiety As someone who has tried (and failed) many times to keep a budget, this spreadsheet is the only thing that has worked to consistently track my money and help me achieve my financial goals. "One of the things that I really wanted to focus on when I was making it was it for someone who didn't know anything about money," she said. Save time and money with these personal budgeting templates. There wasn't a section in the budget for credit-card payments or savings for big purchases, but as Celes expanded her financial knowledge, she enhanced the spreadsheet, too. Get started on your personal finance journey with a budget template today. There are several ways you can create your budget: Use your traditional pen and paper. She shared the first iteration of her spreadsheet on Reddit three years ago. Creating a budget is not as bad as it sounds. This Net Worth Spreadsheet can help you in your planning towards increasing your net worth over time.There's a daily "spendable" amount at the top of the budget that's customizable. These include items like home mortgage loan, car loan and renovation loan. These are liabilities with a time frame exceeding 12 months and are long-term in nature. Examples include credit card bills and provision for income tax. ![]() ![]() These are liabilities with a time frame of less than 12 months and are short-term in nature. They include your house, car, home contents, jewelries, other personal valuables and collectibles. These are assets that are non-investment in nature and are meant for personal consumption and enjoyment. These assets include financial instruments such as bonds, equities, real estates, derivatives as well as CPF accounts. They usually have a medium to long term time horizon. These are investment assets acquired for the purpose of generating an income as well as future capital growth. They include savings, current accounts, fixed accounts and short-term government issues. These are assets that are short-term in nature, and can easily be converted into cash. Work towards increasing your net worth over time. Net worth is the difference in value between your assets and liabilities. The Effective Interest Rate (or “EIR”) of a loan reflects the true cost of taking that loan, by taking into account the frequency of repayments.Īssessing your current financial situation and calculating your net worth is an important step in financial planning.
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