Are you looking for a new job? Or are you thinking about starting your own business? If so, you'll need to start planning your finances. A good financial plan can help you stay on track and reach your goals. One great tool for creating a financial plan is a worksheet. This Financial Planning Worksheet For Career is designed specifically for people who are looking for new jobs or starting their own businesses. It will help you track your income and expenses, as well as your savings and debt payments. So download it now and get started! (Be sure to check out the blog post on How To Use The Financial Planning Worksheet For Career.
Below is some data that might be handy if you're looking to determine the time it will require you to fill out financial planning worksheet for career and what number of PDF pages it includes.
Question | Answer |
---|---|
Form Name | Financial Planning Worksheet For Career |
Form Length | 5 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 1 min 15 sec |
Other names | financial worksheet career, turbotap financial planning worksheet, turbotap org financial planning worksheet, turbotap org search |
Financial Planning Worksheet for Career Transition
Name:
You’ll need the following items to fully prepare this worksheet:
PCurrent LES (http://mypay.dfas.mil)
POther paycheck stubs or a listing of other sources of income
PCurrent Credit Report (www.annualcreditreport.com)
PListing of current living expenses (mortgage or rent amount, food, childcare, entertainment, personal care, subscriptions, etc.)
PCurrent bank and mortgage statements
PInvestment and retirement account statements
PPencil and Calculator
Date:
PCurrent Bills (Monthly Amount and Total Balances Due)
OUtility Bills
OPhone Bills (Home/Cell) O Cable/Satellite
O Internet
O Credit cards O Car loans
O Insurance payments O Personal loans
O Student loans O Other debts
STATEMENT OF NET WORTH
ASSETS (Total Value) |
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Cash on hand |
$ |
Checking Accounts |
$ |
Savings Accounts |
$ |
Certiicates of Deposit |
$ |
Cash Value of Life Insurance |
$ |
U.S. Savings Bonds |
$ |
Mutual Funds/Money Market |
$ |
Stocks/Bonds |
$ |
College Funds |
$ |
401(k)/403(b)/TSP |
$ |
Other (IRAs, etc.) |
$ |
Real Estate (Market Value) |
$ |
Home |
$ |
Rental Property |
$ |
Other (Vac Home/Trailer/Time Share) |
$ |
Personal Property |
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Vehicles/Motorcycles/Boats |
$ |
Furniture |
$ |
Jewelry |
$ |
Other (Collectibles, etc.) |
$ |
TOTAL ASSETS |
$ |
LIABILITIES (Total Balance Due) |
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Signature Loans |
$ |
Auto Loans or Leases |
$ |
Consolidation Loans |
$ |
Student Loans |
$ |
Military Exchange Credit Cards |
$ |
Department Store Credit Cards |
$ |
Other Credit Cards |
$ |
Aid Organization Loans (NMCRS ACS, AFAS, etc.)$
Other (Friends, Relatives, etc.) |
$ |
Advance/Over Payments |
$ |
Mortgage (Home) |
$ |
Home Equity Line of Credit (HELOC) |
$ |
Mortgage (Rental Property) |
$ |
TOTAL LIABILITIES |
$ |
NET WORTH |
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Total Assets – Total Liabilities |
$ |
MONTHLY INCOME
ENTITLEMENTS |
ACTUAL |
PROJECTED 1 |
PROJECTED 2 |
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* |
Base Pay |
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Basic Allowance for Housing |
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Overseas Housing Allowance |
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Basic Allowance for Subsistence (BAS) |
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Family Separation Allowance (FSA) |
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* |
Special Pay |
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* |
Special Pay |
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* |
Special Pay |
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* |
Special Pay |
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*Other Taxable Pay |
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Other |
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TOTAL MILITARY COMPENSATION |
(A) |
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DEDUCTIONS |
ACTUAL |
PROJECTED 1 |
PROJECTED 2 |
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ALLOTMENT |
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ALLOTMENT |
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ALLOTMENT |
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ALLOTMENT |
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ALLOTMENT |
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Family SGLI (For Spouses) |
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Servicemembers’ Group Life Insurance (SGLI) |
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Uniform Services TSP |
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MGIB |
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FITW Filing Status Actual |
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FICA (Social Security) |
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FICA (Medicare) |
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State Income Tax |
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AFRH (Armed Forces Retirement Home) |
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TRICARE Dental Plan (TDP) |
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Advance Payments |
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Overpayments |
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TOTAL DEDUCTIONS |
(B) $ |
$ |
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CALCULATE NET INCOME |
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ACTUAL |
PROJECTED 2 |
PROJECTED 2 |
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Service Member’s Take Home Pay |
$ |
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Service Member’s Other Earnings (less taxes) |
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Spouse’s Earnings (less taxes) |
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Child Support/Alimony (Received/Income) |
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Other Income (e.g., SSI, Rental Income) |
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ALLOTMENT |
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ALLOTMENT |
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ALLOTMENT |
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ALLOTMENT |
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ALLOTMENT |
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Family SGLI (For Spouses) |
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Servicemembers' Group Life Insurance (SGLI) |
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Uniform Services TSP |
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MGIB |
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TRICARE Dental Plan (TDP) |
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Advance Payments |
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Overpayments |
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MONTHLY NET INCOME |
$ |
$ |
$ |
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*NOTE: Pay Entitlements are taxable. Allowance Entitlements are
MONTHLY SAVINGS AND LIVING EXPENSES
SAVINGS |
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ACTUAL |
PROJECTED 1 |
PROJECTED 2 |
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Emergency Fund |
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Reserve Fund |
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Investments/IRAs/TSP/etc. |
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TOTAL SAVINGS AND INVESTMENTS |
$ |
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$ |
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LIVING EXPENSES |
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ACTUAL |
PROJECTED 1 |
PROJECTED 2 |
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HOUSING |
Furnishings |
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Maintenance/Repairs |
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Mortgage/Rent |
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Taxes/Fees |
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FOOD |
Dining Out |
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Groceries |
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Lunches |
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Vending Machines |
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Meal Deductions from military pay |
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UTILITIES |
Cable/Satellite TV |
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Cellular/Pagers/Phone Cards |
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Electricity |
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Internet Service |
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Natural Gas/Propane |
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Telephone |
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Water/Garbage/Sewage |
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CHILD CARE |
Allowances |
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Daycare |
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Child Support/Other Dependent Care |
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AUTOMOBILE |
Gasoline |
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Maintenance/Repairs |
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Other |
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CLOTHING |
Laundry/Dry Cleaning |
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Purchases ($50 monthly per person) |
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INSURANCE |
Automobile |
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Health |
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Life |
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Homeowners/Renters |
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SGLI/FSGLI |
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Dental Insurance |
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HEALTHCARE |
Dental Expenses |
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Eye Care |
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Hospital/Physician |
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Prescriptions |
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EDUCATION |
Books |
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Fees (Other/Room & Board) |
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Tuition |
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MGIB |
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CONTRIBUTIONS |
Charities |
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Club Dues/Association Fees |
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Religious |
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LEISURE |
Athletic Events/Sporting Goods |
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Books/Magazines |
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Computer Products (Software/Hardware) |
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DVD/VHS & Video Games Rentals |
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DVD’s & CD’s |
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Entertainment |
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Lessons |
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Toys & Games |
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Travel/Lodging |
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PERSONAL |
Beauty Shop/Nails |
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Barber Shop |
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Cigarettes/Other Tobacco |
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Vending Machines |
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Liquor/Beer/Wine |
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Other (Toiletries, Supplements, etc.) |
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GIFTS |
Holidays |
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Birthdays/Anniversaries |
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PET CARE |
Food/Supplies |
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Veterinarian/Service (Boarding/Grooming) |
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MISCELLANEOUS |
ATM Fees/Stamps/etc. |
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Other |
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TOTAL MONTHLY LIVING EXPENSES |
$ |
$ |
$ |
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INDEBTEDNESS
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BALANCE |
CURRENT |
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CREDITOR |
PURPOSE |
APR % |
(From Page |
MONTHLY |
PROJECTED 1 |
PROJECTED 2 |
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One) |
PAYMENT |
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1. US Govt. |
Advance Pay |
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2. US Govt. |
Over Payments |
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11. |
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TOTAL
SUMMARY
ACTUAL |
PROJECTED 1 |
PROJECTED 2 |
NET INCOME (Bottom of Page 2)
SAVINGS & INVESTMENTS (Page 3) |
– |
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LIVING EXPENSES (Page 3) |
– |
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AMOUNT LEFT TO PAY DEBTS |
= |
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TOTAL MONTHLY DEBT PAYMENTS (Page 4) |
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SURPLUS OR DEFICIT |
= |
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(Total Monthly Debt Payments ÷ Net Income x 100 =
ACTION PLAN
INCREASE INCOME
1. �����������������������������������������������������������������������
2. �����������������������������������������������������������������������
3. �����������������������������������������������������������������������
4. �����������������������������������������������������������������������
DECREASE LIVING EXPENSES
1. �����������������������������������������������������������������������
2. �����������������������������������������������������������������������
3. �����������������������������������������������������������������������
4. �����������������������������������������������������������������������
DECREASE INDEBTEDNESS
1. �����������������������������������������������������������������������
2. �����������������������������������������������������������������������
3. �����������������������������������������������������������������������
4. �����������������������������������������������������������������������
ADDITIONAL INFORMATION NEEDED
1. �����������������������������������������������������������������������
2. �����������������������������������������������������������������������
3. �����������������������������������������������������������������������
4. �����������������������������������������������������������������������
TRANSITION GOALS
GOAL |
COST |
DATE WANTED |
MONTHLY SAVINGS TO REACH GOAL |
1.
2.
3.
4.
5.
6.