Worksheet 20 PDF

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WORKSHEET 20—Your Personal Financial Goals Worksheet Priority Level (0–5)

Target Date or Time Horizon

Current Total Cost

Goals

Future Anticipated Total Cost

Rate of Return*

Required Savings (Annual if multiyear)

11.59%

$1,716.59

Create A Savings Account that can be used as emergency funds or other necessities.

5

Short-Term Goals (less than 1 year) Dec 31, 2021 $505

$1,500

Start Savings Account for child

4

Intermediate-Term Goals (1 to 10 years) 2025 $50

$5,000

Pay off current car loan

5

2026

$17,000

Pay off outstanding major debt

5

2025

$6,548

7%

$26,197

$283.33

5.6%

$233.35

$1,309.6

10%

$81

Long-Term Goals (More than 10 years) Save for Down payment for a home and Purchase

5

2032

$38,000

$40,000

4%

$227.77

Pay Off Student Loans

5

2031

$55,805

$56,000

7%

$327.00

Retirement Fund

5

2053

$60,000

$150,000

10%

$20.67

* The rate of return for a debt reduction goal would be the interest rate of the term loan or revolving credit line....