Please Wait If This Message Is Not Eventually Replaced By The P
Please wait... If this message is not eventually replaced by the proper contents of the document, your PDF viewer may not be able to display this type of document. You can upgrade to the latest version of Adobe Reader for Windows®, Mac, or Linux® by visiting For more assistance with Adobe Reader visit Windows is either a registered trademark or a trademark of Microsoft Corporation in the United States and/or other countries. Mac is a trademark of Apple Inc., registered in the United States and other countries. Linux is the registered trademark of Linus Torvalds in the U.S. and other countries.
Financial Checkup Tool © 2012 USU/GJ 1 2/13/12 [email protected] Financial Checkup Tool Tracking Sheet Date Expense Income Category Description My Categories 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Use this form to track your expenses and income for one month. When making an entry, click the " " button to input the current date, or place the cursor into the field and click the " " button to select the date from the calendar tool. You can create your own categories with the "My Categories" table. To create a category, type the category's name next to a number. To input a category, type its number into the "Category" column and use the "Tab" key. The number will be replaced with your category's name. Net Worth Liquid Tangible Investment Short-Term Long-Term 
Net Worth Statement Income and Expense Statement Net Gain or Loss Fixed Expenses Variable Expenses Income 
Financial Ratios Basic Liquidity Ratio The basic liquidity ratio reveals the number of months a household could meet current expenses using liquid assets without additional income. Recommendation: 3.0 or more Debt-to-Asset Ratio The debt-to-asset ratio solvency. If a person owes more than they own, they are insolvent. They would not be able to sell all their assets to pay all their debts. Recommendation: The further below 1.0 the better. Over 1.0 is insolvent. Debt Payment-to-Income Ratio The debt payment-to-income ratio shows the ability to make current debt payments. Recommendation: below .36 is adequate, .36 to .41 is marginal, above .41 is risky. Revolving Savings Budget calculator Irregular Monthly Expenses Irregular Expenses Total # of Months Budget Amount to Savings Revolving Savings 
Retirement Needs RETIREMENT GOAL Example Yours 1. Annual income needed at retirement in today's dollars. $45,. Estimated Social Security retirement benefit in today's dollars.* - $12, . Defined benefit plan from an employer in today's dollars. - $. Additional annual income needed at retirement in today's dollars. = $32, 736 = X 16.4 X 6. Multiply line 4 by line 5 to calculate Retirement Goal. = $536, 870 = * Use the amount that is closest to the age at which you plan to retire (example: 1022 a month x 12 mo. = $12,264). If you need to request a statement, call SSA at (. AMOUNT ALREADY AVAILABLE AS SAVINGS/INVESTMENTS Example Yours 7. Employer
savings plan, such as 401(k). $64,. IRAs and Koeghs. + $16,000 + 9. Other investments (mutual funds, stocks, bonds, real estate, etc.). + $0 + 10. Total retirement savings. = $80,037 = FUTURE VALUE OF CURRENT SAVINGS/INVESTMENTS Example Yours X 4.32 X 12. Future Value of Current Savings/Investments. = $345,760 = ANNUAL SAVINGS NEEDED TO REACH RETIREMENT GOAL
Example Yours 13. Retirement Goal (line 6). $536,. Future Value of Current Savings/Investments (line 12). - $345,. Additional Savings needed at time of retirement. = 191.110 = / 66.44 / 17. Annual Savings Needed to Reach Retirement Goal. = $2,876 = 
Life Insurance Needs INCOME-REPLACEMENT FOR SURVIVORS Example Yours 1. Enter 75% of your current Income. $30,000 X 22.39 X 3. Total
Income-Replacement. = $671,000 = EXPENSES Example Yours 4. Funeral expenses. $10,. Debt. + $140,000 + 6. Other Expenses (day care, college, readjustment period for spouse, etc.). + $0 + 7. Total
Income-Replacement (line 3) $671,. Total Expenses. = $821,700 = FUNDS FROM OTHER SOURCES
Example Yours 9. Government Benefits.* $207,. Other Funds (current assets, income from family members, etc.) + $300,000 + 11. Total Funds from Other Sources. = $507,816 = * Take the monthly amount of Social Security survivor benefits and other benefits and multiply by twelve and then multiply by the number of years benefits will be received (Example: $1237 x 12 months x 14 years = $207,816).
TOTAL INSURANCE NEEDED Example Yours 12. Total Expenses (line 8). $821,. Total Funds from Other Sources (line 11). - $507,. Total Insurance Needed = $313,884 = 
Financial Goals
SHORT-TERM 0 - 12 Months Description Plan Cost Date INTERMEDIATE 1 - 5 Years Description Plan Cost Date LONG-TERM 5 or more Years Description Plan Cost Date Monthly Budget Income Budgeted Actual Difference Salary (take home) Bonuses, tips, etc. Interest & Dividends Total Income Fixed Expenses Budgeted Actual Difference Mortgage or Rent Savings Revolving Savings Insurance Total Fixed Expenses Variable Expenses Budgeted Actual Difference Food: - Groceries - Eating Out Utilities:Natural Gas - Electricity - City - Telephone Auto Gas Household/Personal Care Clothing Laundry/Dry Cleaning Medical Bills/Prescriptions Personal Allowance Entertainment Contributions Miscellaneous Total Variable Expenses Net Gain or Loss Budgeted Actual Difference Income Expenses Net/Gain close: TS: NW: IE: FR: RSA: RN: LI: FG: MB: Button1: Date1: expense1: income1: 1500. category1: Depitos description1: Button2: Date2: expense2: 7. income2: category2: Food/Drink description2: Coffee Button3: Date3: expense3: 45. income3: category3: Clothing description3: Button4: Date4: expense4: 2. income4: category4: Miscellaneous description4: Parking Button5: Date5: expense5: 5. income5: category5: Food/Drink description5: Coffee Button6: Date6: expense6: 103. income6: category6: Groceries description6: Button7: Date7: expense7: 14. income7: category7: Food/Drink description7: Fast food
Button8: Date8: expense8: 16. income8: category8: Miscellaneous description: Fast food Button9: Date9: expense9: 3. income9: category9: Miscellaneous Button10: Date10: expense10: 16. income10: category10: Food/Drink Button11: Date11: expense11: 27. income11: category11: Gas Button12: Date12: expense12: 5. income12: category12: Miscellaneous Button13: Date13: expense13: 83. income13: category13: Groceries Button14: Date14: expense14: 18. income14: category14: Restaurant Button15: Date15: expense15: 2. income15: category15: Parking Button16: Date16: expense16: 10. income16: category16: Food/Drink Button17: Date17: expense17: 10. income17: category17: Food/Drink Button18: Date18: expense18: 23. income18: category18: Miscellaneous Button19: Date19: expense19: income19: 5300. category19: Depitos Button20: Date20: expense20: 12. income20: category20: Miscellaneous Button21: Date21: expense21: 25. income21: category21: Miscellaneous Button22: Date22: expense22: 3429. income22: category22: Tuition+Rent Button23: Date23: expense23: 4. income23: category23: Food/Drink Button24: Date24: expense24: 42. income24: category24: Gas Button25: Date25: expense25: 13. income25: category25: Food/Drink Button26: Date26: expense26: 5. income26: category26: Miscellaneous Button27: Date27: expense27: 77. income27: category27: Miscellaneous Button28: Date28: expense28: 22. income28: category28: Miscellaneous Button29: Date29: expense29: 9. income29: category29: Food/Drink Button30: Date30: expense30: 2. income30: category30: Parking categories1: Groceries categories2: Food/Drink categories3: Gas categories4: Clothing categories5: Miscellaneous categories6: Tuition+Rent categories7: Depitos categories8: Parking categories9: categories10: exampleDD: exampleDate: assetsTotal: 25372. liabilitiesTotal: 0. net: 3741. cash: checking: 7872. savings: CD: moneyMarket: other1Text: Type other here other1: other2Text: Type other here other2: other3Text: Type other here other3: other4Text: Type other here other4: other5Text: Type other here other5: subTotalLiquid: 7872. subTotalLiquidManual: hide: show: home: auto1: 1500. auto2: pers: 16000. subTotalTangible: 17500. subTotalTangibleManual: stocks: bonds: mutual: retire: real: subTotalInvest: 0. subTotalInvestManual: assetsTotalManual: checkAssets: cc1: cc2: cc3: cc4: cc5: subTotalShortTerm: 0. subTotalShortTermManual: loan: subTotalLongTerm: 0. subTotalLongTermManual: liabilitiesTotalManual: checkLiabilities: incomeTotal: 5300. expensesTotal: 1558. rent: 975. revolving: loan1: loan2: insurance: 80. subTotalfixed: 1055. subTotalfixedManual: utilities: phone: 60. cable: food: 186. restaurant: 90. gas: 69. household: personalCare: 21. clothing: 45. laundry: doctors: prescription: allowance: entertainment: 30. contributions: subTotalvariable: 503. subTotalvariableManual: salary: 5300. bonuses: interest: assets: 25372. expenses: $782,347.50 liquidRatio: 5. liabilities: 0. debt_assetRatio: 0. payments: 0. income: 47850. debt_incomeRatio: janTotal: 0. febTotal: 100. marTotal: 300. aprTotal: 0.
mayTotal: 0. junTotal: 0. julTotal: 0. augTotal: 0. sepTotal: 150. octTotal: 0. novTotal: 0. decTotal: 100. expensesTot: 650. monthNumber: 12 monthlyPayment: 54. button: item1: Sister's birthday amount1: 100. item2: item amount2: item3: item amount3: item4: item amount4: social: $14,000.00 defined: 0. annual: 0..