We’ve created a unique tool that combines your budget with the compound returns of investing. Download for free today!
Available in Excel and Google Sheets format.
“Budgeting isn’t about limiting yourself- it’s about making the things that excite you possible.”
-The Financial Diet
How it works
The Reverb budget spreadsheet utilizes several components to show your larger financial position. This includes the budget portion, a debt management section, your current invested assets, and the compound return calculator.
Monthly Budget
Input your income, expenses, and savings and let your budget get to work! There are two columns in the monthly budget—your actual spending and your projected goals. Most of the budget items can be customized to meet your unique expenditures. Once everything is added in, it will add your totals into three categories on the bottom (needs, wants, and savings) as well as show you a 40/30/30 comparison.
Debt Management
We implement a debt repayment process that knocks out the smallest debts first and works toward the larger ones. This process gives our clients the motivation they need to keep going! In the debt management component, you will see an area to list your debts, balances, monthly payments, remaining payments, and APR.
Invested Assets
An invested asset is any retirement savings or stock(s) that you currently have invested. Input all of that data into this section and change any names to customize to your current retirement plan.
Compound return calculator
This part is exciting! As you add in your invested assets and your monthly budget for investing, this calculator shows your money’s potential growth. This means that if you add $500 a month into your IRA contribution in the budget, the compound return calculator starts compounding that investment over a number of projected years. Change the amount invested or the number of years and watch the results change!
Are you worried about retirement? Contact us today.
“Used correctly, a budget doesn’t restrict you; it empowers you.”
-Tere Stauffer
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Securities offered through Osaic Wealth, Inc., member FINRA/SIPC. Advisory services offered through Osaic Wealth, Inc. Reverb Financial and Securities America are separate entities.
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