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FINANCIAL PLANNING CALCULATOR

Financial Planning Guide
Name: CLICK HERE TO
PROCEED
TO STEP 1

Date
STEP 1. List your Savings Goals Convert Years to Months:
Input no. of Year/s: 0

No. Savings Goals Target Amount How many months to How much to save per Months: 0
save? month?
1 Example: Tuition Fee/Emergency Fund 0.00 0.00
2 0.00 0.00
3 0.00 0.00
4 0.00 0.00
5 0.00 0.00
6 0.00 0.00
7 0.00 0.00
8 0.00 0.00
9 0.00 0.00 CLICK HERE TO PROCEED
10 0.00 0.00 TO STEP 2
Total Target Savings Goals 0.00 0 0.00
*Add rows when necessary
STEP 2. List all your income sources and expenses

Details of Income Sources

Monthly Sources of Income (e.g., Amount
salary, business,
remittance, etc.)
Net Income 1
Net Income 2
Net Income 3
Other Income
Gross Income 0.00

Deductions on Gross Income Amount

Tax
GSIS/SSS
PhilHealth
Pag-IBIG Fund
Total Deductions 0.00
Net Income (Gross Income - Total Deductions) 0.00

Loan Payments/Other Payments Amount

Bank Loan
Loan from other Financial Institutions
Credit Card Debt
Other Loans (e.g., from friends, relatives)
Other Payments (e.g., insurance premium)
Total Loan Payments/Other Payments 0.00

Expenses Amount
A. Basic Needs
Food
Rent
Utility Bills
Electricity
Water
Telephone
Internet
Gas
Other Bills
Tuition Fees
Medical Expenses
Personal Needs
Other Needs
B. Other Expenses
Entertainment (e.g., movie) CLICK HERE TO
PROCEED
Others (e.g., nice-to-haves) TO STEP 3
Total Expenses 0.00
STEP 3. Find out your saving capacity

Saving capacity per month: Php0.00

Net Income - (Total Loan Payments and Other Payments + Total Expenses)

Savings goal per month: Php0.00

From Step 1

Is your saving capacity negative or less than your savings No

goal?
Note:

1) If your saving capacity is equal to or greater than your savings goal,

good job! You are on your way to achieving your savings goals.
CLICK HERE TO PROCEED
2) If your saving capacity is negative or less than your savings goal, TO STEP 4
proceed to Step 4 .
STEP 4. Write your action plan to reach your savings goals
Note:
1. If your saving capacity per month is negative, revisit Step 2 to see whether you can increase your Net Income. Click Here to revisit Step 2.
2. If your saving capacity per month is positive, write specific action plans to increase your income per month (see below examples).
3. If your Net Income is fixed, check your Expenses to see which ones can be removed or reduced.
4. Write your specific action plan to reach your savings goals per month (see below examples).

No. Action plans to increase your income per month No. Action plans to reach your savings goals
1 Example: I will spend ___ overtime hours to earn an additional income of PhP ____. 1 Example: I will not spend on entertainment, so I can save PhP ____ per month.
Example: I will reduce aircon consumption, so I can save about PhP ____ on electricity bill per
2 Example: I will improve my business marketing to increase sales and profits by an additional PhP ____. 2 month.

3 Example: I will take another job (e.g. tutoring) to gain an additional income of PhP ____. 3 Example: I will only use texts and calls for important matters, so I can save PhP ____ on phone bills.
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