Financial Goals Worksheet (Basic)

Important - Must Read this article before using this sheet.

https://www.stableinvestor.com/2017/05/financial-goals.html

If possible, also read

https://www.stableinvestor.com/2017/01/financial-planning-goal-based-investing.html

The tables have sample goals and other information. Replace them with your own data.

Step 1 Step 2
List down all your Major Life
Rationalize the list of your life goals.
Goals.

Life Goals Life Goals

Buy House Buy House

Retirement Retirement
Child 1 Higher Education Child 1 Higher Education
Child 2 Higher Education Child 2 Higher Education
Child 1 Marriage Child 1 Marriage
Child 2 Marriage Child 2 Marriage
Child 1 Business Venture Child 1 Business Venture
Buy 2nd House Buy 2nd House
Foreign Trip (every 2-3 years) Foreign Trip (every 2-3 years)
Holiday Home Holiday Home
Buy Car Buy Car
Buy Luxury Car / SUV Buy Luxury Car / SUV
Modifications in House Modifications in House
Diamond Ring for Wife Diamond Ring for Wife
Europe Trip for Parents Europe Trip for Parents
Reduce Credit Card Debt
Help payoff Sister's small loan
tml

ng-goal-based-investing.html

th your own data.

Step 2 Step 3
e the list of your life goals. Tag goals as 'Need' or 'Desire'

Rationalize Financial Goals Tag as Need or

Desire

Buy House Need

Retirement Need
Child 1 Higher Education Need
Child 2 Higher Education Need
Child 1 Marriage Need
Child 2 Marriage Need
Should self fund it Buy 2nd House Desire
Foreign Trip (every 2-3 years) Desire
Buy Car Need
First buy a basic house Buy Luxury Car / SUV Desire
Modifications in House Desire
Europe Trip for Parents Desire
Reduce Credit Card Debt Need
Saying No is Risky :-) Help payoff Sister's small loan Need

Added
Added
 Step 4
Categorize goals as Immediate, Short-term, Mid-term
and Long Term goals

Categorize Financial Need/Desire

Goals

Immediate (less than 1 year)

Reduce Credit Card Debt Need
Help payoff Sister's small loan Need
Short Term (1-5 years)
Buy House Need
Buy Car Need
Medium Term (5-10 years)
Child 1 Higher Education Need
Foreign Trip (every 2-3 years) Desire
Modifications in House Desire
Europe Trip for Parents Desire
Buy 2nd House Desire
Long Term (10+ years)
Retirement Need
Child 2 Higher Education Need
Child 1 Marriage Need
Child 2 Marriage Need
Buy Luxury Car / SUV Desire
 Step 5
Give priority to each of the goals

Financial Goals Need / Priority

Desire

Immediate (less than 1 year)

Reduce Credit Card Debt Need -
Help payoff Sister's small loan Need -
Short Term (1-5 years)
Buy House Need 1
Buy Car Need 4
Medium Term (5-10 years)
Child 1 Higher Education Need 2
Foreign Trip (every 2-3 years) Desire 8
Modifications in House Desire 5
Europe Trip for Parents Desire 6
Buy 2nd House Desire 7
Long Term (10+ years)
Retirement Need 1
Child 2 Higher Education Need 2
Child 1 Marriage Need 3
Child 2 Marriage Need 3
Buy Luxury Car / SUV Desire 9
 Step 6
Find cost of each goal Today

Financial Goals Need / Priority Cost Today

Desire

Immediate (less than 1 year)

Reduce Credit Card Debt Need -
Help payoff Sister's small loan Need -
Short Term (1-5 years)
Buy House Need 1 Rs 50 lac
Buy Car Need 4 Rs 10 lac
Medium Term (5-10 years)
Child 1 Higher Education Need 2 Rs 25 lac
Foreign Trip (every 2-3 years) Desire 8 Rs 3 lac
Modifications in House Desire 5 Rs 10 lac
Europe Trip for Parents Desire 6 Rs 5 lac
Buy 2nd House Desire 7 Rs 75 lac
Long Term (10+ years)
Retirement Need 1 Rs 3 crore
Child 2 Higher Education Need 2 Rs 35 lac
Child 1 Marriage Need 3 Rs 15 lac
Child 2 Marriage Need 3 Rs 15 lac
Buy Luxury Car / SUV Desire 9 Rs 20 lac
 Step 7
Rationalize goals & costs if need be

Financial Goals Need / Priority Cost

Desire Today

Immediate (less than 1 year)

Reduce Credit Card Debt Need -
Help payoff Sister's small loan Need -
Short Term (1-5 years)
Buy House Need 1 Rs 50 lac
Buy Car Need 4 Rs 10 lac
Medium Term (5-10 years)
Child 1 Higher Education Need 2 Rs 25 lac
Foreign Trip (every 2-3 years) Desire 8 Rs 3 lac
Modifications in House Desire 5 Rs 10 lac
Europe Trip for Parents Desire 6 Rs 5 lac
Buy 2nd House Desire 7 Rs 75 lac
Long Term (10+ years)
Retirement Need 1 Rs 3 crore
Child 2 Higher Education Need 2 Rs 35 lac
Children's Marriage Need 3 Rs 20 lac
Child 2 Marriage Need 3 Rs 15 lac
Buy Luxury Car / SUV Desire 9 Rs 20 lac
 Step 8
Find how much you need to save and invest, where to invest to achieve your inflation adjusted

Financial Goals Need / Priority Cost Today

Desire

Immediate (less than 1 year)

Reduce Credit Card Debt Need -
Help payoff Sister's small loan Need -
Short Term (1-5 years)
Buy House Need 1 Rs 50 lac
Buy Car Need 4 Rs 10 lac
Medium Term (5-10 years)
Child 1 Higher Education Need 2 Rs 25 lac
Modifications in House Desire 5 Rs 10 lac
Europe Trip for Parents Desire 6 Rs 5 lac
Long Term (10+ years)
Retirement Need 1 Rs 3 crore
Child 2 Higher Education Need 2 Rs 35 lac
Children's Marriage Need 3 Rs 20 lac
 Step 8
ere to invest to achieve your inflation adjusted goal costs in future

Inflation adujsted Monthly Required Equity / Debt Ratio

Cost in Future Investment

^^^ ^^^ ^^^

Be careful with calculations.
Seek professional help if you don't know how to find the answers here

Contact:
https://www.stableinvestor.com/financial-planning-services