I'd like to share a Google Spreadsheet I've been working on for the past couple of days around planning my own finances:
A little background on me: I've been working in tech. in the San Francisco Bay Area for over a decade. My financial situation is firmly in the "35 to 45" camp, where the career has hit a good stride, but there are mounting costs around rents & mortgages and young kids. Tech pays well so I have some savings and investments, but while there's good literature on how to pay down debt, there isn't as much on how to allocate and invest, without having to pay someone a commission for the privilege.
The main question I'm trying to ask is: I know that I'm making more than I spend, but how much should I save, and what will that do to my finances down the line? This also gets into implications of retirement timing, and when there'll be enough cash for more big ticket items down the line (e.g., new car, down payment for an investment property, etc.).
I've looked for various personal finance calculators and spreadsheets, but none of them incorporated everything that I wanted and the output I was looking for, or didn't have enough variables or didn't bother to explain the assumptions they were making along the way. After doing some research on what reasonable numbers ought to be, I put together the data in my own spreadsheet that I hope others will find helpful.
Submitted April 21, 2017 at 08:13PM by allenmhc http://ift.tt/2pOopxq
