Under 'Current Recommended Consumption' in the budget worksheet, am I to assume that the budgeted number I'm working off of is net of the special expenditures that I've entered into the program and therefore I should not enter those expenditures into the various line items since I'll be double counting? Thanks,
Larry
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
RSS
Larry:
That's correct. As you see on that budget worksheet, it begins with your Consumption number. This is your discretionary spending amount after off-the-top expenses. For a list of those off-the-top expenses, see the "Total Spending" tab in the main report of the spreadsheet. You'll see there the Total spending at the far right, minus all of the middle columns, equals the first column on the far left. So it all balances.
But yes, that budget sheet is help you think through your discretionary household spending (i.e., consumption).
Dan