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.
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.