Today’s post discusses Planwise, a free tool that lets you understand the impact of your financial decisions. Whether you’re buying a home, purchasing a car, paying off debt, or receiving a raise, you can see how these choices affect your future. Emily will detail all the great features and how they can help you avoid common financial mistakes.
Planwise helps you see the future consequences of your financial decisions, which is where many people often go wrong. Instead of making choices and dealing with the consequences later, planning in advance can give you peace of mind and reduce financial stress.
Here’s how it works: First, enter your current finances, including monthly expenses and income. The tool generates a cash flow graph displaying your monthly bank balance. There are over 15 smart alerts available at this stage, which analyze up to 30 years into the future. These alerts provide insights on your planned finances and suggest actions that could save you money, including the exact dollar amount.
Next, you can add any significant future financial plans, like buying a house or facing unemployment. Once entered, Planwise projects your future finances. Recheck your smart alerts to refine your plan and save more money. The tool offers multiple graphs showing cash at the bank, net income, and debt profiles, all customizable to any timeframe up to 30 years ahead.
All your data can be saved, or you can use Planwise anonymously. It’s always free and easy to use. The tool can also be embedded into third-party websites to reach more people while keeping traffic on your site.
Your financial future doesn’t have to be stressful. With good planning, there are many positive things to look forward to. Be confident and informed when making financial decisions by launching the tool today.