Personal Finance Budgeting Software

Are you trying to learn how to budget your money better?

Well we have designed an easy to use spreadsheet that allows you to track your daily, monthly, and yearly income and expenses quickly and easily.
There are many budgeting spreadsheets and programs around, but many of them are simply to time consuming to use. We truly believe in the K.I.S.S. (Keep It Simple Stupid) principle. When you make things simple and easy to use people will stick to them. The spreadsheet below allows people to keep track of their daily, monthly, and yearly income and expenses with two quick daily entries.

Benefits:

Quick and easy to use!

Motivates you to keep your daily expenses down.

Really illustrates how your spending can get out of control.

Come on...give it a try and enter the following link...


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Cash Flow into Action !

“Look At This…! Discover How Personal Budgets Can Help You To Manage Your Money Better?”

Don’t Be Embarrassed If You Can’t Always Go Out With Friends Because You Don’t Have The Money.

Discover How To Reduce Your Credit Card Debt With Better Money Management?

I want to learn how to be a good money manager and develop personal budgets that get me out of debt forever. Why wait any longer? – Become the Money Saving Expert you’ve always wanted to today..!

Please click the link below...

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Financial Planning by Dany Provost

My name is Dany Provost, president of DELTA Actuarial Services and author of the book Nonsense in Traditional Retirement Planning: a New Perspective.

Through my two decades of practice and in teaching financial planning, I have come across just about every situation one can imagine. From dead-broke retirees to multi-millionaire yuppies.

Let's get things straight: there is no professional financial planning software available on the market today that can give you an optimal and logical plan of action for your retirement - according to my definition of "optimal and logical". Though this may sound incredible, it's the sad truth.

As a professional chartered financial planner having a degree in Actuarial Science and being a Chartered Financial Analyst (CFA charterholder), I want to leave no stone unturned in the process of delivering to my clients the very best of the art.

Today, I want to share with you the revolutionary method I have developed - the one that mathematically minimizes the impact of any financial crisis and makes retirement planning (the way we know it) virtually disappear: a radical shift of perspective.

Please click the following link to know more...

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Personal tracking of your Financial status

Before you develop any financial planning, you need to know your own current financial status. If you are married, you may include your spouse as the overall household financial status. There are 3 essential financial statements i.e Balance Sheet, Annual Income Statement & Monthly Income Statement.

Imagine these 3 Statements are just our child's school report book to determine how well they do in school and our employer's company financial report to analyze how good they perform in the whole year.

1) Personal Balance Sheet
With this balance sheet, you will realize what you owe, what you own and what is your net worth...
                          
  ASSETS
- Cash Assets (Saving accounts, fixed account)
- Equity Assets (Stocks)
- CPF Assets (Ordinary acc, Special, medisave..)
- Property Assets ( Market value of property 1, ...)
- Other Assets (Insurance Policy 1, 2.. Country club, Car..)
                           
  LIABILITIES
- Short Term (Credit cards...)
- Long Term (Car loan and housing loan..)

NET WORTH = TOTAL ASSETS - TOTAL LIABILITIES

2) Personal Annual Income Statement
With this, you will know how much you spent and how much you can save in a year...
                       
  ANNUAL INCOME
- Active Income (Net pay salary, bonuses, commissions...)
- Passive Income (Dividends, rental, royalties, other business profits...)
                       
  ANNUAL EXPENSES
- Personal (Food, clothing, entertainment, handphone, insurance, income tax, child school fees, bus..)
- Housing (Mortgage on cash portion, maids, utilities, groceries, property tax...)
- Transport (Public transport i.e MRT & bus, Car installment, fuel, maintenance, road tax, car insurance, coupons...)

ANNUAL CASH SAVING = ANNUAL INCOME - ANNUAL EXPENSES

3) Monthly Income Statement
This is the same as Annual Income Statement whereas for this case, you can track your spending and saving for every month.

Kindy do this 3 statements in an excel spreadsheet so that formulae can be tabulated easily. You may think that this is too tedious and time consuming but I am telling you that this is worth trying. The first time will be tough as you need to consolidate all the information but subsequent month will be much easy.

Managing our Cash Flow

Below are some of the basic terms pertaining to Cash Flow :
1) Income - Money that we earned through salary, bonus, dividends, commission, profit, interests...
2) Expenses - Money that we spent on housing, food, transport, clothing, entertainment...
3) Assets - These are physical items that can be either Positive Cash Flow OR Negative Cash Flow.

Example of Positive cash assets are stocks (equity), bonds, funds, fixed deposits and business and Negative cash assets would be luxury housing, flashy cars, country clubs and credit cards.

Management of Cash Flow - Poor 
The poor are most likely to spend whatever they earn and hardly save and invest on their saving. They have no financial planning and if they are retrenched or pay cut, it is tedious to survive.

Management of Cash Flow - Average (Middle)
Beside taking care of their usual expenses, the average or middle class will tend to spend their saving on negative cash assets. They may appear wealthy but they will suffer just like the poor if they loose their job or having pay cut.

Management of Cash Flow - Rich
The rich will invest in positive cash assets and spend on negative cash assets. They are able to save, invest wisely and generating sufficient passive income to cover their expenses.

Rule of Thumb - If we cannot increase our INCOME, please reduce our EXPENSES.
                        - SAVE a portion of our income and INVEST wisely.

Overview

In most Asia countries like Singapore, most of us start working around age of 24 to 25 yrs old after completion of National service and Tertiary education. The ladies will start earlier 3 yrs due to exemption of National service. 
We intend to change jobs during the first few years of our working life in order to seek our ideal or preferred occupation. Once we have decided after accumulating enough experience and knowledge, we are approaching around age 30.
Most of us will need to work for 30 to 35 yrs or maybe 40 yrs before reaching our retirement age. (With the latest update 2 days ago, the government is encouraging us to work till age 68 due to our longer life span.)
How are we going to achieve sufficient saving before reaching our retirement years ?
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We need to plan our financial earlier...