Financial Planning for Generation X & Y Women
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Money Math

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Good, solid financial planning is based on money facts. If financial planning is the roadmap, then money facts are its building blocks. You've heard it said, if you don't know where you're going, any path will do! Building a clear path to your future will involve fact gathering and a little money math.

This chapter will help you learn how to gather facts about your finances and then analyze what you see. You may be surprised to learn that you are probably better off than you thought you were! You will learn how to use three important money tools:

  1. Statement of Financial Position (Net Worth Statement),
  2. A Notebook Tool for Tracking Your Spending, and
  3. A Statement of Income and Expense.

Then, you will analyze your money facts and use them to set your financial goals. Finally, you will learn about easy online tools for performing important financial calculations.