Budget your way to Financial Freedom

Name: Budget your way to Financial Freedom
Rating: 5.0 (1 reviews)

A powerful excel workbook that evolves with your financial needs.

Created byTapiwarufaro Ndoro

Last updated 4/2024

English

What you'll learn

Create a spending plan on an advanced excel workbook
Use percentage adjustments for family dynamics to work on a savings goal
Pay off debt using different strategies demonstrated by a loan amortization schedule
Implement annuities to save for your future and invest wisely

Course content

4 sections • 8 lectures • 1h 53m total length

Introduction7:31
Meet the instructors. Get a glimpse into the course. Explore some exciting features of the powerful budgeting tool that will stay a part of your ever-evolving life for a while.
Stage 1 - Build your emergency savings19:23
Learn how to use the Excel Spreadsheet to adjust your percentages to meet the goal of having $1000 in emergency savings through the use of validation of acceptable values. See how Stage 1 leads to the next stage.

Pay Off Credit Card Debt13:39
What's the most effective way to pay off your credit card debt? Some will say avalanche and others will say snowball. Regardless of which you prefer, you need to learn to make room for what the approach requires from your income. New Validation, in addition to validating your savings with acceptable percentages, it's time to learn to do it for your debts.
Pay Off Other Consumer Debt10:50
Let's explore the effects of making an early withdrawal on your emergency savings while you try to adjust your percentages to keep paying off debt.

Adjust your Plan20:41
At this stage, your income like many other things in your life should have changed, dynamically. It's time to shift your focus and adjust your plan. You are probably wondering, is this where I buy my house? Not quite, you can start saving for it though. Let us show you how.
Save for the Future17:17
How can you approach saving for your children's education? It always sounds as easy as putting $500 in a 529 for 18 years but in reality, there are so many other players in this game. Can you start them all at once? I don't have 18 years anymore, is it too late? So many questions, and we have the answers.

Invest Wisely and Leave a Legacy18:01
Get a taste of Financial freedom. With all the work you have done to set up your finances in the past stages it will be a toss of the coin how you end up using the excess you will find yourself with at stages 6 and 7. You have finally bought that home, let's explore a strategy to get it paid off in record time.
You Did It!6:11
We have reached the end, let's do a quick overview of how the three main goals, savings, debts, and investments transformed through the 6 stages.

Requirements

Access to Microsoft Office Excel. You will learn everything you need to know in order to use the Excel workbook tool.

Description

Welcome to the Journey to Financial Freedom

Are you ready to embark on an exciting voyage towards financial independence? Join us on this transformative course where we unveil tested and proven methods that will guide you towards a future of prosperity and security.

We understand the struggles and questions that come with the pursuit of financial freedom. It's easy to feel overwhelmed and like time is slipping away. But fear not! Our stage-by-stage strategy is not a quick fix; it's a roadmap that assures you're on the right path to achieving your financial goals.

Stage 1, we delve into the crucial step of adjusting your financial percentages to align with your saving objectives. This foundational stage sets the tone for your entire journey, empowering you to take control of your finances and prioritize saving for the future.

Stages 2 and 3, we tackle the challenge of debt management head-on. Discover efficient strategies for paying off debt while still maintaining healthy savings habits. Say goodbye to the shackles of debt and hello to financial empowerment.

Stages 4 and 5 usher in a new chapter of financial growth and stability. Learn the ins and outs of investing wisely for retirement, major purchases, and your children's college fund. Lay the groundwork for a secure future and embrace the power of smart financial planning.

Stages, 5 and 6, we reach the pinnacle of financial achievement. From purchasing a home to paying off the mortgage, and solidifying your retirement and college fund, you'll emerge victorious, ready to enjoy the fruits of your labor with peace of mind.

But wait, there's more! We've also included a special extra feature: the Monthly Spending Plan. This invaluable tool will revolutionize your day-to-day budgeting, providing estimates tailored to each stage of your financial journey. Say goodbye to guesswork and hello to precision and control.

So, grab your calculator, dust off your day-to-day budgeting tool, and buckle up. It's time to make the adjustments that will propel you towards financial freedom. Are you ready to take the first step? Let's embark on this journey together!

Who this course is for:

Young adults learning to make a financial roadmap to retirement.

Budget your way to Financial Freedom

What you'll learn

Explore related topics

Course content

Introduction2 lectures • 27min

Tackle Your Debt2 lectures • 24min

Invest Wisely2 lectures • 38min

Leave a Legacy2 lectures • 24min

Requirements

Description

Who this course is for: