Ultimate family finances Excel spreadsheet

$25.00

The Ultimate Family Finances Spreadsheet is how my family and I built a seven-figure net worth by simply tracking our finances in a comprehensive, straightforward way. It includes four different, but equally important, tabs: cash flow, credit cards, net worth, and monthly savings budget. Each tab includes a text box with further instructions for how to use this tool. If you’re looking for an easy way to get your finances under control and begin building wealth, this will be $25 well-spent!

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Description

Description

The Ultimate Family Finances Spreadsheet is how my family and I built a seven-figure net worth by simply tracking our finances in a comprehensive, straightforward way. It includes four different, but equally important, tabs:

  • Cash Flow: essentially your checkbook, which you will balance yourself, in real-time, as often or as infrequently as you like (but hopefully often!). This sheet will also calculate your after-tax stock, bond, and cash savings on a percentage of total savings basis so you can keep track of your preferred asset allocation.
  • Credit Cards: I have always struggled staying on top of my credit cards. I created this tab to do just that – tracking balances, current credit limits, annual interest rate, utilization, and payment and expense budgets. While I’m not perfect at paying my balance every month, this tab has made a huge difference for me in keeping my overall utilization rates low (this is a critical factor in your credit score) and budgeting monthly payments to different cards. The tab is set up with three hypothetical cards with different balances and limits to get you started.
  • Net Worth: I started tracking my family’s net worth in early 2015 and, less than two years later, we crossed the $1 million mark. It’s likely we wouldn’t have had a clue where our net worth stood if we weren’t paying close attention to it. This tab in our spreadsheet is also filled in with dummy data that you will obviously update
  • Monthly Savings Budget: As I’ve written here before at Dollar Barrister, I do not track every penny going out the door. (I tried it for a month and it slowly drove me insane.) Instead, I shoot to save 40% of our post-tax income, and track total dollars saved and that percentage on a monthly basis using this tab on my spreadsheet. That monthly percentage is also broken out by taxable bond, stock, and cash investments so I can observe trends in asset allocation over time.

Each tab includes a text box with further instructions for how to use this tool. If you’re looking for an easy way to get your finances under control and begin building wealth, this will be $25 well-spent!

Good luck and let us know if there’s anything else we can do to help!

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