Personal Finance

Listed in this category are Financial model templates in Excel related to personal finance topics such as personal money management, investments, loan repayment schedule, personal budget, and other related personal financings.

THIS TEMPLATE MAKES IT EASY TO PERFORM PORTFOLIO REBALANCING CALCULATIONS, IN ORDER TO DETERMINE QUANTITIES TO BE PURCHASED OR SOLD…

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User-friendly excel model for projecting family or personal net worth across up to 50-years

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This tool acts as a calculator for figuring out commissions and the company effect therein based on some rate or…

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Discover Auditor Pro-forma Template. Allows you to start planning with no fuss and maximum of help Creates 5-year auditor financial…

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Professional Realtors need a professional Toolkit which allows them to operate at a higher level. The ALL-IN-ONE Quintessential Real Estate…

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This is a comprehensive yet very friendly financial model for Rental Property Investment. You will have the option to tailor…

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Calculate the correlation coefficient between any two variables, whether they are stock indexes, asset classes, market indicators, individual securities, commodities,…

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Take control of your businesses, financial with this contracting, manufacturing company.

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An FP&A (financial planning and analysis) Model in Microsoft Excel.

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INFLATION CALCULATOR (COVERING 46 COUNTRIES)

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This is a fully functional, institutional quality and dynamic real estate Development Financial Model, which will allow the user to…

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Prepaid Expense and Unearned Income amortization calculator with accounting entries

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CALCULATE NET TOTAL RETURN ON BOND INVESTMENT DENOMINATED IN ANY CURRENCY, broken-down by: Capital Gain/Loss (Realized & Unrealized), Foreign Exchange…

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CALCULATE THE AMORTISATION SCHEDULE OF A MORTGAGE OR CONSUMER LOAN, EITHER AT FIXED OR VARIABLE INTEREST RATE OR BOTH (most…

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CALCULATE DEPRECIATION OF A TANGIBLE ASSET USING 4 OF THE MOST POPULAR DEPRECIATION METHODS. This excel tool will calculate the…

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CALCULATE THE EFFECTIVE NET YIELD-TO-MATURITY (OR TO SALE DATE) OF A BOND, KEEPING INTEREST RATE RISK UNDER CONTROL

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CALCULATE RETURN ON INVESTMENTS DENOMINATED IN FOREIGN CURRENCY, SPLIT BETWEEN REALISED AND UNREALISED, SHOWING IMPACT OF EXCHANGE RATE DIFFERENCES.

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A useful tool to help you take control of your finances by organizing and aggregating all relevant information in one…

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The mortgage calculator helps you understand your mortgage costs, different mortgage rates and how early repayments will reduce our overall…

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FULLY EDITABLE ASSET ALLOCATION MODEL WITH SPECIFIC INVESTMENT SUGGESTIONS AND REALISTIC PROJECTIONS OF FINANCIAL SITUATION AT RETIREMENT AND BEYOND.

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A easy to use and intuitive tool to track your spending and budgeting, and plan for your personal financial future

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This financial model can be used to value any Initial Public Offering (IPO) using Option Value, DCF and Relative Valuation.

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FULLY FLEDGED FINANCIAL MANAGEMENT AND ACCOUNTING SYSTEM, DEVELOPED ENTIRELY IN EXCEL. ONE-OF-THE KIND. Technical assistance available. A comprehensive tool to…

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User-friendly Excel tool to calculate the expected value and return for an investment using Monte Carlo simulation analysis. The tool…

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A 3-in-1 bundle template for your personal finance needs.

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An organized budget sheet for your personal finance needs.

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The Loan Amortization Table is a great tool to use when looking at the financial impact of a loan.

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Rent vs Mortgage is an excel tool that calculates the payments to a house mortgage loan and compares it to…

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This is a combined collection of Excel and Google Sheets financial model templates for Accounting and related uses, such as:…

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This is not a forecast template but rather a real-time tracker of financial performance as it relates to profit &…

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Personal Finance


Once one reaches the adulthood and started to raise their own income and savings, there’s one important thing that one needs to do – Personal Financing. Personal financing is when you start to think of what to do with your money now and for your future benefit. Managing your money, saving, and investing, all fall under personal finance. It covers all the budgeting, banking, insurance, mortgages, investments, retirement planning, tax planning, and estate planning, that you do. To help with the complicated processes that one needs to go through, an entire industry exists to help provide financial services to individuals and households, advising them about different financial and investment opportunities they can do.

Personal finance is everything about achieving your personal financial goals. It can be saving up ahead of time in case of emergencies, vacations, or times when short in funds. Some also invest in different ventures for better returns and earn a substantial amount later on once retirement comes or to have a better lifestyle for their family. Creating a financial plan for your personal needs or wants is to make the most of your income or savings and also, just like in running a business, to be able to determine good or bad decisions on what to do with your money.

 

Money Managing – How to manage your Money


Personal Finance is all about financial management or so to say, it is how one goes about handling their money; it’s either earning, saving, investing and spending. It includes things such as expenses, insurance, mortgages, investments, and banking for checking and savings accounts. Basically, all individual financial activities or simple finances, fall under personal finance.

The most important aspects of personal finance are:

  • Assessing expected cash flow

  • Buying insurance

  • Calculating and filing taxes

  • Savings and investment

  • Retirement planning


Managing your finances or personal financing is detrimental for a better future for you and your family. Proper money management can be a struggle, especially with the spending habits and no regard to keeping track of funds. With the attitude of being “fine as long as there’s still money left”, will lead to one’s downfall and destitution.

Saving money or budgeting now is never too late. You can also improve your credit score by getting out of debt and investing for a better long-term plan, growing your wealth as you slowly reach your retirement. How to manage your money effectively? How will you go about budgeting, saving, investing and debt payment? The best solution is money management or simply creating a Financial Plan, managing your finances as soon as you can.

To help you start personal finance planning, here are the best practices on how to manage your money:

  1. Budget Plan
    A budget plan makes a whole lot of difference on how you spend your money. It is critical when you have long-term goals and if you want to live within your means. Budget planning is easier said than done, but it is a good thing that nowadays, there are many tools that help greatly in sticking to the plan. Of course, you must also be determined and persevere, for you are the greatest factor of your plan’s success. Remember, a plan is just a plan without proper execution.

  2. Emergency Fund
    One can’t really predict when certain difficulties arise, thus, it is better to be prepared in case of an emergency such as hospital and medical bills, unemployment, uncontrollable disasters like storms or flooding, etc. It is advisable to set aside a portion of your earnings until you reach a certain point which will serve as your ideal safety net against unexpected circumstances. Once you do reach your goal amount, you can still continue on pouring some money in, since you can simply convert the excess fund for other purposes in the future.

  3. Debt Limit
    Basically, don’t spend beyond your means. Insolvency often happens to businesses who let their debt out of hand, the same applies to any entity. Going into debt doesn’t necessarily mean that it’s a bad thing especially when it is for the development or improvement of something that will help you gather more yield or assets. The main point is, limit your debt.

  4. Credit Card Control
    With the advancement of today’s technology, doing transactions can be done easily by using credit cards. But it is clear to see, especially after several cases, using a credit card is like getting caught in a debt trap. Still, having one is essential for nowadays day to day basis. The problem is to control oneself on not overspending. Just like limiting your debt, eventually, every transaction will pile up into a huge sum which you need to repay on a monthly basis. You will need to track your expenses and make sure that your credit rating stays in the minimum to ensure that you’ll be able to pay on time.

  5. Credit Score Tracking
    If you have a credit card then it is important that you monitor your credit score. Using the credit card as a tool for your transaction will slowly build up your credit score and maintained. This will be your presentation of your financial standing whenever you want to obtain something such as lease, mortgage, phone line, internet, etc. Your credit score will show your solid credit history such as information about your payment behavior, duration of your credit, credit-to-debt ratio, etc. To keep track of your credit score, you can simply utilize different tools like a financial model or an excel spreadsheet to help you have a systematic framework for tracking and fast updating.

  6. Plan for your Family
    Once you have a family, the weight of expenses will be even greater since you need to start considering the future of your family too. You want to ensure that your family will be well-supported even after you die, so some plans need to be done first. You need to consider getting insurance not just for your assets but also for yourself and your family to prepare in the future. This will ensure the future of your family and at the same time, this will give you an opportunity to lead the young ones in your family on how to value money whether saving, investing, and spending efficiently.

  7. Education Expenses or Student Loan Repayment
    Spending money on education can be taken as an investment to get better opportunities for achieving higher yields. Especially nowadays where getting an education is a requirement of employment and even sometimes it becomes a factor of how much your salary will be. Thus, setting aside money for education is essential, otherwise, you will have to get a student loan. Since there are a lot of loan-repayment plans and strategies available, it won’t be a trouble anymore. There are also government grants or programs that will help with student funding.

  8. Retirement Plan
    You may think that preparing for retirement is only for those getting older and it’s too early to start one, but the truth is, you need to start as early as you can to get more benefit in the future. Slowly but surely, your savings will grow over time. This will also help you alleviate the burden of income taxes, so take advantage of this opportunity as soon as you can. There are also other ways to gather money for your retirement plan other than investing, there’s also social security benefits, permanent life insurance, etc.

  9. Taxes
    Taxes, though sometimes it seems like a small percentage of what you earn when converted into a figure, actually amounts to a chunk of your total earnings. Without maximizing your tax savings, you’ll lose the opportunity of saving up money that could be used either for paying past loans, present expenses, or future plans. But mostly this is due to the complex taxation process, that many people seem to neglect on noticing. Some often hire professionals to help them with their taxes, while others go for available tax models to help organize and take advantage of every tax deduction and credit available.

  10. Personal Plans for Recreation
    Personal financing may sound too strict with all the limitations and preparations that you have to deal with, but it is a fact that all are essential if you want the best for yourself and your future. But, this doesn’t mean that you’re not allowed to take a break once in a while. Ensure that you reward yourself every now and then. It doesn’t need to be too extravagant and something that will affect your budget such as an occasional night out, shopping, vacation out of town or country, etc., as long as you get to enjoy financial freedom. This, in turn, will encourage you more to stick with your plan.


In conclusion, it is undeniable that personal financing opens up new paths for you to take in your life. Isn't it amazing how many changes will happen once you get a hold of your finances properly? Just by simply and slowly placing your finances systematically, you will have many opportunities that you can take advantage of now and also for the future.

 

Financial Model Templates in Excel for Personal Financing


Personal financial planning involves analyzing your current financial position, predicting your future needs either short-term or long-term and executing a plan to satisfy those needs with budgeting in mind. All will depend on your goals, income, expenditures, lifestyle, desires and other simple finances.

Now the question is, how to go about financial planning, effectively applying it and figuring out beforehand if your financial plan is working? Some have knowledge on how to do their financial plan and make it from scratch. But a better and more efficient way is to acquire financial model templates where you can use as a template for better visualization of your finances.

These financial model templates in excel will be your guide to a better way of money managing and will help you calculate your personal finances easily. No more creating and researching for a money management plan from scratch. You can refer to the list below on what you need or prefer. Money Management made easy and time-saving, designed to help you with money managing.

If you are looking for a specific financial model template and couldn't find it in our inventory, feel free to comment here: Missing Financial Model Templates, so that our Vendors will pick up that project and will soon add in our still growing inventory.

If you found the template but need help with customization of your preference, we also offer financial modeling services which you can avail here: Custom Financial Modeling Service.

We would be really grateful if you also rate our products and leave a review, comments, suggestions, or any kind of feedback, about our financial model templates, for this will greatly help us shape our templates to be even better in the future.