How do you manage the plethora of financial information that pours into your life everyday? Many people sing praises of Quicken and Money . I personally haven’t adopted either program. I’ve seen both in action, and even ran the trial versions of both for a while. They certainly have nice interfaces, and eye-candy graphs and charts. I also like it’s ability to go and mine information from my online banking accounts. For some reason though I never continued using either of these products. For me, Excel is where it’s at. I have used Excel for the past seven years as the primary means for managing my financial information. I am a spreadsheet junkie. If there is data to be analyzed, I’m plugging it into a spreadsheet. I’m not sure why I enjoy using Excel so much. It’s an extremely powerful tool that’s features are underutilized by most people. I love the challenge of creating a spreadsheet from scratch, and having it organize a...
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The Spreadsheet MatrixFrom: thedollardetour.blogspot.com
Post Date: 2008-02-07 07:35:00
In yesterday’s post I shared my unyielding passion for spreadsheets. Today I will reveal how I have implemented what I call The Spreadsheet Matrix. The name makes it seem more complicated than it is, but it’s actually quite simple. The hub of my "matrix" is a document called Financial Statement.xls. This is a customized version of Microsoft’s Net Worth Calculator , that I referenced in my previous post about Excel Financial Templates . The Financial Statement is my ag...
more Personal Property InventoryFrom: thedollardetour.blogspot.com
Post Date: 2008-02-05 06:15:00
In yesterday’s post I had linked to an Excel template for Home Contents Inventory List . I think that completing a thorough personal property inventory is a crucial step in everyone’s financial plan. By completing this inventory you accomplish many things: A detailed inventory of every item you own (Serial Numbers, Date of Purchase, Price, Value) A realization of all the "stuff" that you have accumulated A dollar figure total that you can use to make sure you have a...
more 3.5% Interest CheckingFrom: thedollardetour.blogspot.com
Post Date: 2008-02-02 06:55:00
This fall our local bank, Union Bank & Trust , started offering a checking account that paid 4% interest at the time. In line with other interest rates as of recent, the rate has since declined to 3.5% (still not bad). I didn’t even realize that they offered an interest-bearing checking account until I happened to be in one of the branches this December and noticed the informational brochure next to the teller. The requirements to qualify for the higher interest ra...
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