FINANCE · Financial planning · Free personal financial plan
Personal Financial Plan: Income, Expenses, Assets, Debts and Goals
Enter a financial snapshot to see income, expenses, assets, debts, goals and your retirement gap in one place.
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Initial estimate
This result is generated in your browser. Review the calculation method and limitations alongside it.
Financial Planning: A Closer Look
Assets (3 categories)
Items with monetary valueLiabilities (2 categories)
Amounts owed to othersCash flow (5 categories)
A summary of monthly money in and out4 common financial ratios
Financial health indicatorsWhat this personal financial plan estimates
- A personal balance sheet covering liquid, investment and personal assets; short- and long-term liabilities; and net worth.
- A cash flow summary of active and passive income, fixed and variable expenses, debt payments and monthly balance.
- An analysis of 4 financial health ratios: emergency ratio, DSR, savings rate and debt-to-asset ratio.
- Retirement and up to 3 key life goals, plus a 13-item readiness checklist.
Personal financial planning method
The tool brings together a balance sheet, cash flow and retirement plan using personal finance methods. Calculations run in your browser.
Free plan versus personalized financial advice
This free tool provides a financial overview and balance-sheet and cash-flow summary. Use the figures as a starting point for reviewing your monthly budget and investment portfolio.
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Frequently asked questions about financial planning
What is a good starting point for personal financial planning?
Start with 2 steps: 1) list assets and liabilities to calculate net worth; and 2) summarize monthly income and expenses to see how much remains to save.
Why separate liquid assets from investment assets?
Liquid assets are generally easier to access for emergencies, while investments are held for potential long-term returns and may fluctuate. Keeping them separate can reduce the need to sell investments at a loss during a crisis.
What debt service ratio (DSR) is considered safe?
Total monthly debt payments should generally stay below 35–45% of gross monthly income; higher levels may put pressure on cash flow.
What does net worth tell us?
Net worth equals total assets minus total liabilities. It is one measure of wealth. A positive and growing net worth can indicate improving finances.
How often should I review my balance sheet and financial plan?
Review your plan at least 1 time per year and after a major life change, such as changing jobs, getting married, buying a home or having a child.
Is this financial planning tool safe? Will my information be exposed?
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