💰 Financial Planning App
Track and plan your income, expenses, and investments
Income
Monthly$5,000
Expenses
Monthly$3,000
Savings
Rate: 20%$1,000
Budget Allocation
Housing
$900Food
$450Transport
$300Utilities
$150Insurance
$300Debt
$450Entertainment
$300Savings
$1,000Budgeting Tips
- • Aim to keep housing costs below 30% of income
- • Try the 50/30/20 rule (needs/wants/savings)
- • Automate your savings to build consistency
Emergency Fund
Target: 6 months of expenses$18,000
Saved: $8,000Target: $18,000
Emergency Fund Guidance
- •3-6 months is recommended for most people with stable jobs
- •6-12 months if you're self-employed or in an unstable industry
- •Keep these funds in a high-yield savings account for liquidity
Retirement Planning
Annual Retirement Expenses (Future Value)
$85,435
Based on current expenses adjusted for 2.5% inflation
Retirement Nest Egg Needed
$19,528,088
For 20 years of retirement at 7% return
Monthly Savings Needed
$10,843
To reach target in 35 years
Financial Goals
Add New Goal
Your Goals
Emergency Fund
Target: $24,000 by 12/31/2024
Saved: $8,00033.3%
Home Down Payment
Target: $80,000 by 6/30/2026
Saved: $15,00018.8%
Financial Health Tips
Debt Management
- •Keep total debt payments below 36% of income
- •Pay off high-interest debt first
- •Consider debt consolidation if you have multiple high-interest debts
Savings Strategy
- •Aim to save 20% of your income
- •Build an emergency fund before investing
- •Automate your savings to ensure consistency
Investing Basics
- •Start early to benefit from compound growth
- •Diversify your investments to manage risk
- •Consider low-cost index funds for long-term growth
Retirement Planning
- •Contribute enough to get any employer 401(k) match
- •Consider Roth options if you expect higher taxes in retirement
- •Review your retirement plan annually
Investment Calculator
Calculate how your investments will grow over time. Don't forget to account for inflation!