Advanced Budget Tool.
This tool is for people who want in-depth analysis of their annual spending patterns. This tool pays for itself when used correctly to point out spending patterns and to optimize the way we use our money.
Quick Start
The Advanced Budget Tool helps to record, visualize, and make recommendations based on spending patterns.
- Adjust the black cells with white font to record your information (This is personal to you only and MoneyMatters does not have access until you share it with us)
- Notice the monthly trend bar charts relating to each expense. Do certain expenses spike during different times of the year? How can your average monthly spending help you project spending for next year?
- On the “Analysis” tab, note an automated recommended budget based on your income. These spending recommendations are helpful as a frame of reference, not an exact figure for what works for your household. In a similar manner, the automated saver tool recommends how much your household can save annually by cutting down on key expenses. Also, note the recommend savings breakdown for future investing.
- The key to driving the most value out of this tool and all our tools is establishing a foundational understanding of your financial situation. The next step is to share this information with a trusted financial advisor to help you make the right choices to improve your financial health.
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