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Raising a Family: Know Where You Stand Financially
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Raising a Family
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Before you get serious about saving for your future, it’s important to know where you stand financially today.

What do you have?
Take a picture of your current financial situation with the resources below.

Organize your financial information
Use this checklist to locate and organize your important financial information. It will help as you move forward with financial planning. Make sure at least one other family member knows where to locate all of your paperwork, in case you die or become disabled.

Financial Information Checklist >>>

Determine ownership of assets
Make a list of who pays your bills and whose name is on your credit cards and mortgages. Ownership issues can affect a married couple’s credit and complicate matters in the event of a spouse’s death.
 
Calculate your net worth
Find out how many assets and liabilities you have by completing our easy-to-use:

Net Worth Worksheet >>>

Examine your net cash flow
Find out where you spend your money on a regular basis with our:

Cash Flow Calculator >>>

What will it take?
Use these calculators to estimate what you need to do to reach the goals you have for your family.

How much will it cost to reach your goals?
Estimate the costs of reaching each of your goals with our:

Goal Definition Worksheet >>>

How much do you need to save?
Use this calculator to find out how much money you need to save every month to reach your goals on time.

Goal Savings Planner >>>

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