Personal finance is a mysterious black hole to many, as evidenced by many of the bankruptcies and foreclosures in America today. Even when – or especially when – circumstances are unkind, there is value in knowing where one stands in order to devise a financial get-well plan. Unless one is incurably numbers-phobic, it is easier than commonly thought.
In the Basic Finance tool the key concepts and ready-to-copy Excel templates are clearly explained and illustrated. The Basic Finance tool contains:
- A simple diagram showing conceptually how what you earn, what you spend, what you own, and what you owe are related
- A template to create an intuitive income and expense plan (similar to an organization’s Profit & Loss Statement). The same template can be used to track what actually happens
- A template to create an intuitive assets and liabilities plan (similar to an organization’s Balance Sheet), and to track what actually happens
- A template to create an intuitive cash flow plan (similar to an organization’s Sources and Uses Statement), and to track what actually happens
Everyone should – and CAN – control their finances. Start by understanding them. Try this free tool now.
