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Personal Finance Plan - Coggle Diagram
Personal Finance Plan
Goals
Emergency found
~6 months expenses
Savings for debts
Retirement account
Growing your investments
Pay off student loans
Get good credit points
Allows taking a big debt
Save for future expenses
Saving for someone
Investing
Emergency found
Retirement account
Brokerage account
Stocks
Savings Account
Mutual Funds
ETFs
Bonds
Resources
Expenses
Bills
Loan interest
Food
Oil
Income
Investment income
Alimony
Salary
Assets
Savings accounts
Home equity
Physical items you own
Liabilities
Credit card debt
Student loans
Mortgages
Other type of debt
Budget
Needs (50%)
Wants (30%)
Savings and debt repayment beyond the minimum (20%)
Debts
High-Interest debt
Credit card debt
Payday loans
Stock-broker obligations
Unsecured personal loans
Title loans
Pawn shop loans
Low-interest debt
Secured personal loans
Home equity loan
Government program loans
Monthly Cash Flow
Avarage Inflow
Salary
Investment income
Alimony
Avarage Outflow
Essential spending
Insurance
Debt payments
Overhead cost
Food
Non-essential spending
Entertainment
Shopping
Travel
Clothing