Posted: Wed Jul 04, 2012 5:13 am
I thought it might be useful to show how I track my finances, so I put together a blog post explaining what I do. It's a modified version of the tracking spreadsheet that akratic put together some time ago.
Comprehensive Guide to Tracking Your Finances
Here's some of the questions this spreadsheet will help you answer (lifted shamelessly from blog post):
What investment returns would you need if you wanted to retire today? What dividend stocks have posted consistent returns annually? How much did you spend last month on food? How much did you earn in dividends? At current rates, how long do you have to wait to retire? If you’re laid off, how long will you last without a job? What percent of your income have you saved each month? Is your savings rate better than last year? If you want to travel, what type of hotel costs the same as staying at home? Exactly how much do you have saved in checking accounts, safety deposits, investment accounts, your 401k? What were your big expenses two months ago?
Let me know if you have questions or suggestions. How do you track your finances?
Comprehensive Guide to Tracking Your Finances
Here's some of the questions this spreadsheet will help you answer (lifted shamelessly from blog post):
What investment returns would you need if you wanted to retire today? What dividend stocks have posted consistent returns annually? How much did you spend last month on food? How much did you earn in dividends? At current rates, how long do you have to wait to retire? If you’re laid off, how long will you last without a job? What percent of your income have you saved each month? Is your savings rate better than last year? If you want to travel, what type of hotel costs the same as staying at home? Exactly how much do you have saved in checking accounts, safety deposits, investment accounts, your 401k? What were your big expenses two months ago?
Let me know if you have questions or suggestions. How do you track your finances?