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Luxury Financial Manager Guide

This guide provides step-by-step instructions for setting up a financial tracker in Excel, including sections for monthly tracking of income, expenses, and savings, as well as net worth overview and recurring expenses. It emphasizes the use of formulas for calculations, currency conversion, and the creation of visual graphs. The final steps involve reviewing the setup and tracking progress monthly.

Uploaded by

sushant pandey
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17 views3 pages

Luxury Financial Manager Guide

This guide provides step-by-step instructions for setting up a financial tracker in Excel, including sections for monthly tracking of income, expenses, and savings, as well as net worth overview and recurring expenses. It emphasizes the use of formulas for calculations, currency conversion, and the creation of visual graphs. The final steps involve reviewing the setup and tracking progress monthly.

Uploaded by

sushant pandey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Luxury Financial Manager - Excel Setup Guide

1. Introduction:

This guide will walk you through the steps to recreate the financial tracker I prepared for you.

You will copy and paste the details into your Excel sheet.

The tracker includes:

- Monthly Tracker (Income, Expenses, Savings)

- Net Worth Overview

- Recurring Expenses Section

- Automatic Yearly Report

- Pie and Bar Graphs

- Currency Conversion (INR to USD)

- Black + Gold color theme

Please follow these steps carefully to set up your Excel.

2. Create the Financial Tracker in Excel

- Open a new Excel sheet.

- Set up the first tab for the Dashboard: Net Worth, Income, Expenses, Bank Balance.

- Use cell formatting (font, color) for the black + gold theme.

- Next, set up a tab for monthly expenses tracking: Date, Category, Amount, and Notes.

- Use SUMIF or SUM functions for monthly total calculations.

To track Net Worth:

- In your dashboard, enter the bank balance, loans, and investments.


- Use formulas like =SUM(A1:A5) to add up the totals for each section.

Graphs:

- Insert a Pie chart to track the proportions of your savings vs. debt.

- Insert a Bar chart to track your monthly expenses.

3. Currency Conversion (INR to USD)

- Use a dedicated cell for INR to USD conversion (e.g., cell C1).

- Example formula: =A1 * C1 where A1 is the amount in INR.

- Update this conversion rate regularly based on current exchange rate.

4. Recurring Expenses Tracker

- Create categories such as Rent, Utilities, Subscriptions, etc.

- Track your monthly payments for each category.

- Use the formula =SUM(B2:B10) to calculate total recurring expenses.

5. Charts and Graphs Setup

- Select the data range for income, expenses, savings, and create pie or bar charts.

- Insert the charts in the Dashboard sheet to show a visual summary.

- You can adjust chart styles and colors to match the theme.

6. Monthly Tracker Overview

- Create a sheet for each month (January, February, etc.).

- Include columns for Salary, Expenses, Savings, and Loan payments.

- Calculate totals at the end of each month and update the Dashboard.

7. Final Review
- Once you've set up everything, review all formulas and charts.

- Make sure the exchange rate cell is easily accessible for quick updates.

- Track your progress monthly to see how your savings and debts change.

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