Free Financial Health Score and Prescription for Success | Personal Financial Index®

Personal Financial Index® ( PFITM )

               

Step 5: Major Purchases

Savings for major purchases

Major purchases are big ticket items such as a home, additional properties, vehicle, boat etc. Saving for a big event like a wedding also needs to be included here.

Purchase 1

For a long term investment (10 years or more), an aggressive investor might choose 10%, a moderate investor might choose 8%, and a conservative investor might choose 6%.

d = default values

Key Figures & Actions
Flower Tooltip
Purchases:
Need $1,148
Cur. monthly savings:$500
Add'l monthly savings: $648