Reason for this Goal: Use personal finance spreadsheets developed using Microsoft Excel, the best financial tool ever invented! Excel, in its simplest form, is a tool for entering numbers and creating formulas to add, subtract, divide, and multiply rows and columns of numbers.
In its advanced form, Excel allows you to do detailed financial analysis and projections to manage your money well. Learning how to use Excel, or one of the other excellent tools available, is important if you are going to truly understand how money comes in and out of your life.
Specifically, learning and using a financial tools such as personal finance spreadsheets will support you in your efforts to . . .
In our own life, we developed a spreadsheet in 1994 (the year my first daughter was born), that I've been maintaining and updating for more than 25 years. We can go back and look at our financial picture and pull out specific details related to the wide range of financial aspects of our life, including . . .
We have plotted much of this information in graphs that compare our Networth vs. our Liabilities as they change year over year. One of our favourite things to do is look at the growth in our assets using these graphs, inspiring us to keep making the smart money decisions to grow our net worth, ultimately allowing us to live out these 100 Life Goals!
Most major banks, and many independent companies, offer financial tools that link to your accounts to help you manage and track your money. I prefer to keep with Excel. The thing I like about Excel is that it has stood the test of time, and any spreadsheets you develop now will likely be just as relevant 20 years from now.
Suggested Goal(s): Learn how to use Excel, and set up your own personal finance spreadsheets.
Your Outrageous Goal: Develop customized financial tools of your own.
If you are interested in developing excel based personal finance spreadsheets of your own and could use some help, please email me at email@example.com.
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Last updated: January 25, 2020