Household budget and debt plan

User guide and information

Tabs

1. Monthly budget Income and expenses in 11 expense categories, budget vs. actual for 12 months, colour-coded difference, annual summary, expense shares (%) and chart.
2. Savings goals: target amount, target date, current savings: the file calculates the monthly saving required and progress.
3. Debt plan Up to 8 debts. Compares the avalanche strategy (highest interest first) and the snowball strategy (smallest balance first): debt-free month, interest paid and a monthly payment plan for up to 120 months.
4. Buffer Emergency fund calculator: essential monthly expenses × the number of months you choose.
5. Guide User guide, calculation assumptions and disclaimer.

Quick guide

1. Open the file in Excel (2010 or newer, also Microsoft 365), LibreOffice Calc or Google Sheets.
2. Clear the example figures: type one of the following names in the Name Box (to the left of the formula bar), press Enter, then Delete: Esimerkit_Budjetti Esimerkit_Saastot Esimerkit_Velat Esimerkit_Puskuri In Google Sheets, select the yellow cells with the mouse and press Delete.
3. Enter your own details in the yellow cells (blue text). The other cells are calculated with formulas.
4. Save the file under your own name.

The file contains no macros or external links. The debt plan calculation is done on two hidden helper sheets that do not need to be edited.

Discharge from liability

The tool is intended for planning and illustrating your own finances. It is not investment, financial, loan, debt or legal advice. The calculations are based on the information you enter and on simplified assumptions (e.g. loan costs and interest rate changes are not taken into account). Always check loan terms with the creditor.

Free financial and debt advice

The economic and debt advice provided by the state legal aid offices is free of charge and confidential. The service is organised by the Legal Services Agency (Oikeuspalveluvirasto). www.oikeuspalveluvirasto.fi/talous-ja-velkaneuvonta www.oikeus.fi (Teemat > Maksuvaikeudet ja velat)