Understand the impact of money decisions with Planwise

Disclaimer: Today’s post is a guest post about Planwise, a tool that allows you to realize the impact of money decisions.  It is FREE to use, and I am not making money by recommending it. Whether you are buying a home, a car, paying off debt or getting a raise at work, you can see how these changes in your financial behavior will impact your future. Emily will explain below all the cool things you can do, and how it can help you avoid many money mistakes.

 

This is what Planwise looks like. You can input current income, savings, and future money plans

Planwise was created to solve the most common mistake in personal finance. Most decisions are made before understanding the future impact. Avoid the temptation to make a decision and deal with the aftermath later. Planning for big decisions give peace of mind, and reassurance that life doesn’t have to revolve around the stress of money. There are less financial strains in life when you are wise about how and when you are spending your money.

How does it work?

Enter your current finances, monthly expenses, and income. A cash flow graph is created to show your monthly bank balance. There are over 15 smart alerts that can be triggered as early as this step. They scan 30 years forward and proactively identify information about your planned finances that can help you make better and/or less risky decisions. They also suggest specific actions that will save you money including calculating the dollar value of taking this action.

Next you add plans. Plans are any large future changes to your finances. This can range from buying a house to losing your job. Once your plans are entered, your future finances are projected. Check your smart alerts again to optimize your plan and save money. You will be able to understand your plans completely with the multiple graphs available. The three graphs show cash at bank, net income, and debt profiles. Customize these graphs to any timeframe you would like, up to 30 years in the future.

All your information can be saved, or you can use Planwise anonymously. It is always free, and simple to use. The tool is ready to embed into any third party site so that Planwise can reach as many people as possible, as well as retaining traffic to your site.

Your future finances do not have to be stressful and scary! There are so many things to look forward to when you plan. Be confident and knowledgeable when making decisions. Launch the tool today.

This guest post is written by Emily Gladders of Marketing at Planwise. Find out more about the author and company at www.planwise.com.

A 30 something French girl embarking on a journey towards Financial Independence. I blog about money, travel, simple and deliberate living, freedom and choices. You can find me on Twitter, Google+, or Reach Financial Independence's Facebook Page

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Comments

  1. Ravi Ahuja says:

    Looking great can manage our finances and targets at one place with awesome graphs and can be installed on your WordPress blog. I have not found such great program till now. Thank you for suggesting great plugin.
    Ravi Ahuja recently posted..How to Save Money on GroceriesMy Profile

    • Hi Ravi, yes it is quite a nice feature to enhance a website, and your readers can use it easily and come back to your site to adjust and input some more goals.

  2. That sounds like an interesting tool. I’ll try it out when I have time. You could certainly put is some fun scenerios.
    Kim@Eyesonthedollar recently posted..Being a Boss, The Good, The Bad, and The UglyMy Profile

    • I like that you just have to put your data in and it does everything for you. I used to do the same on a spreadsheet and give up after a while because formulas were too complicated, thinking ”oh, that should work out fine anyway”, which is not really the way to tackle finances…

  3. I’ve heard a lot about Planwise and actually have plans (no pun intended) to discuss their product with them sometime.
    DC @ Young Adult Money recently posted..Will Facebook and Zynga’s Decline Hurt the Housing Market?My Profile

  4. Hi Emily,
    You have presented really a great personal finance management tool. You just have to enter some necessary inputs and Planwise gives you the results instantly. It can certainly help to manage our finances in a better way. A useful suggestion by you. I would definitely try it out.
    Regards.
    Ramit
    Ramit recently posted..45 Mind-Blowing Macro PhotographyMy Profile

  5. Hi Ramit,

    Thanks! Glad to hear you are going to try the tool :) I would love to hear your experience. It is very easy to use. Like you said, all you have to do is enter your current finances and future plans, the rest is done by Planwise.

    Best,
    Emily

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