Expense Sorted

Financial Freedom - Cost of Living Tracking

What You'll Get:

  • ✓Track all your expenses automatically with smart categorization
  • ✓Calculate your financial runway - exactly how long your savings will last
  • ✓Visualize your progress toward financial independence
  • ✓One-time setup, lifetime value - no ongoing subscription fees
Jessie T.

Jessie T.

Software Engineer

"This spreadsheet changed my relationship with money. I finally know exactly how long my savings will last, which gave me the confidence to negotiate a better salary at work. Worth every penny!"

★★★★★

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Financial Freedom Spreadsheet

Intro

Introducing the Financial Freedom Spreadsheet: Take Control of Your Financial Independence! Discover the power of Financial Freedom—a concept that signifies the ability to make life choices without financial constraints. Achieving financial independence reduces stress, provides security, and grants the freedom to choose your path. But you don't have to be rich or retire forever to experience it.

Think small and focus on buying yourself time—time to find a new job, start a business, or embark on exciting adventures. The Financial Freedom Spreadsheet helps you understand your financial parameters and calculate your runway—the time you can afford to take off based on your savings and expenses. By tracking your expenses and savings, you can uncover the stored time in your account. Simply subtract your expenses from your savings to determine how long you can sustain yourself without a job. It's a straightforward formula that empowers you to make informed decisions about your finances and prioritize what truly matters.

The Financial Freedom Spreadsheet encourages you to lower your expenses and increase your income, offering a simple yet effective way to accumulate more time in your account. It aligns with the principles of the FIRE movement (Financial Independence, Retire Early), which emphasizes saving and investing to achieve financial freedom. With this spreadsheet, you gain awareness of your financial parameters, enabling you to take control and work towards increasing your stored time.

Having a cushion of financial freedom provides peace of mind and opens doors to new opportunities. Take charge of your financial independence today. Get the Financial Freedom Spreadsheet and unlock the potential of your time. Embrace a life with fewer constraints and more freedom to pursue your passions.

Instructions

The sheet below is all you need to get tracking.

Hop in and make a copy.

Copy the template sheet

Next, get the Expense Sorted extension from the Google Sheets™ Extension Marketplace

Copy the template sheet

Every month then do the following:

  1. Start off by training the model on your current expenses. That way it will now, how to categorise your future expenses.
    Add your income to the sheet
  2. Check the Stats and Log tabs for progress.
  3. Add your new expenses from your bank account to the new_transactions sheet and categorise your expenses via the Expense Sorted extension
    Add new expenses
  4. Once complete, copy all transactions over to the Expense-Detail tab and adjust categories as needed.
  5. Copy over a new row in the Monthly Expense tab and fill in the new month.
    Copy over a new row in the Monthly Expense tab and fill in the new month.
  6. Review spending, saving, and run-rate in the Expenses vs. Saving tab.
    Review spending, saving, and run-rate in the Expenses vs. Saving tab.
  7. Start building your financial freedom fund

To get into the right mood of why to use this, I recommend reading this: Financial Freedom Doesn't Mean You Need To Be Rich