Create Your Own Financial Plan with Financial Fate:
Get a View of Your Financial Future:
Required Financial Documentation:
Getting Started with Financial Fate:
Financial Fate is easy to use with tool tip question marks next to data entry fields. Use your mouse to hover your cursor over a tool tip to get further explanation of what information you will need to enter into the software.
Getting Around Your Financial Plan:
Understand Numbers Behind the Data:
You can also click on Assumptions at the bottom of many personal finance topics to view the percentages Financial Fate used for calculations and you can change the percentages if you need to.
What-If Scenarios for Your Financial Plan:
Financial Planning Reports:
- To-Do List: Suggested financial activities implemented in the first year of financial planning.
- Cash Flow Plan: Year-by-year cash flow reporting.
- Investment Plan: Investments details, shows the effect of liquidating assets.
- Asset Allocation: Year-to-year recommendations for for retirement funds, educational funds, and regular taxable funds and stocks.
- Balance Sheet: Personal balance sheet lists year-by-year assets, liabilities and net worth.
- Estimated Income Taxes: Personal taxes each year into the future.
Financial Fate Financial Planning Software Review:
Simplified Financial Planning
Personal finance topics in Financial Fate are well-organized with tabbed sub-topics, and tool tips offer enough assistance with determining what to financial data should be entered. The amount of time required to complete a financial plan depends on how extensive your personal financial situation is. A recent college grad will typically have less information to enter than a married couple with three children and a vacation home.
Your Financial Planning Results
Results from Financial Fate are a very close approximation and forecast of the results of your financial decisions. Because Financial Fate is not designed to give you exact results, tax code updates will only be available in the event significant changes are made to tax laws. You can change your personal income tax rates and other assumptions in the software to fit your situation.
Backing Up Your Financial Plan
Be sure to always back up data in any financial software you use. To back up a data file in Financial Fate, click on Import & Export on the upper left and follow the directions given.
Financial Fate is Recommended
I am very impressed with the level of detail Financial Fate offers in the financial plans it produces. I recommend you enter all the personal finance information you have to get the most accurate forecast.
Financial Fate is intended for use as an informational tool and does not provide any specific legal, investment or tax advice. While no crystal ball exists to tell you exactly how financial decisions will play out in the future, Financial Fate produces a realistic financial planning forecast that can be reliably used for short-term and long-term financial planning.
Financial Fate is now a free download. Visit the Financial Fate Web Site for more information and to download the software.