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Detailed Goals, Plans & Assumptions



Goals Description Target Date of Completion
   
Plans  
 
 
Assumptions
(This reminder list isn't exhaustive. Some items might not apply to you; use items that could be relevant to your circumstance)
Salary at Start $'000
Savings at End $'000
General inflation
(This could apply to items like groceries. You decide how costs might rise in the period)		 %
Average Borrowing Costs
(If in debt, check your loans to see interest rates. This is a reminder to add interest cost on outstanding debts)		 %
Tax Rate
(This might not be relevant. It's here to remind you to provide for tax payment on savings, investments and business income)		 %

Material Worth Statement (Balance Sheet)
Assets (what you own) Year 1 Year 2 Year 3 Year 4 Year 5

House
Car
Savings
Assets (Total)
AT1
AT2
AT3
AT4
AT5
           
How You Financed Assets Year 1 Year 2 Year 3 Year 4 Year 5
Mortgage
Car Loan
Your Equity
Other Assets
(When finished, if not zero, recheck inputs)
A91
A92
A93
A94
A95
Liabilities & Equity (Total)
LT1
LT2
LT3
LT4
LT5
           
Funds available To Spend Year 1 Year 2 Year 3 Year 4 Year 5
Gross Salary
Other Income
(Subtotal: Gross Income)
IT1
IT2
IT3
IT4
IT5
Less: "Giving"
Less: Taxes
Less: Capital Fund
Sub Total: Giving, Taxes, Capital Fund:
OT1
OT2
OT3
OT4
OT5
Net Income: Available to Spend
NNT1
NNT2
NNT3
NNT4
NNT5
           

Projected Cash Outflow Statement
Projected Spending Plan $000 Year 1 Year 2 Year 3 Year 4 Year 5
Food
Mortgage Payments or Rent
Other Housing Costs
Clothing
Car Loan
Transport (Excl. Car Loan)
Entertainment
Other Expenses
(Minimize this category)
Contingency
(This amount is for surprizes. It shouldn't be more than 5% of the total; less as you gain experience.)
Spending (Total)
ET1
ET2
ET3
ET4
ET5
           
  Year 1 Year 2 Year 3 Year 4 Year 5
Net
NT1
NT2
NT3
NT4
NT5
Cumulative
CT1
CT2
CT3
CT4
CT5
 
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