It’s important to obtain an understanding of your spending patterns now so that you can plan for the future. Spending in retirement plays a very significant role in retirement projections. Most people have no idea how much money they spend now, let alone how much they plan to spend in retirement. There are lots of tools out there that help people in this department. For example Intuit’s Quicken that may require manual entry or web based programs like mint.com that do some of the work for you.
For those that lack the discipline required to monitor every nickel, Horizon Advisors has created this tool to help people prepare a high level summary of their annual income and expenses. The spreadsheet is split up between monthly, quarterly, and annual cash flow items. The annual figures are automatically calculated on the right based on your inputs on the left.
We hope you find the tool helpful, and let us know if you have any questions.