When it comes to Financial Organization and Calculation –
If you have a Financial Goal: College, Wedding, New home?
Let us work the numbers for you!
As always, please print this page for reference and set it next to you.
MONEY DECODER is going to set some Financial goals with you in about 5 minutes.
Click on the “Assets” page.
- Click in an open box in the 1st column labeled “Goal” on the far left of the screen and type the following in each column of this row:
- Goal – type: “Suzy College” then hit “Tab” or “enter”
- Account – type: “Main Bank” then hit “Tab” or “enter”
- Current- type: “5,000” then hit “Tab” or “enter”
- Additions – type: “200” – this is your monthly savings toward this goal
- Interest % – type: 8 (this is the annual interest rate you expect to earn).
- Date Req’d – type “09-01-2025” (this is the day your hypothetical baby will reach the age of 18 and need college funds).
- Actual Value at Date Required CALCULATES FOR YOU! (this is the estimated amount you will have on the date you entered).
- Click the button on the very far right labeled “Financial Goals” This is set next to the buttoms labled “Retirement” & “Other”
- In Goal Analysis, “Suzy College” should now be listed as a Financial Goal
- In Desired Amount– type: “60000” (This is the amount you are estimate you will need to pay for college at that date in the future- change it if you like).
- Actual Projection - MONEY DECODER CALCULATES the est. amount you will have for all “Suzy College” accounts at the time you need the money.
- Deficit / Surplus – MONEY DECODER calculates the Estimated Deficit / Surplus AND keeps it in view in the Cockpit (above) under “Future Planning.”
Now you now know how to implement your own personal financial goals. Whether it is a boat, a vacation, a wedding or an education, repeat these steps and create your own financial goals to help keep you on track to your own, personal financial success. A snap-shot view of all goals are always available in the "cockpit" area above under "Future Planning."
