Budget spreadsheet is a basic practical tool to manage budget and thereby investments. This can be used to manage money for any required purpose. Whether it is personal budget, family budget, household budget or home budget one can learn and manage to maintain budget using a budget spreadsheet. A budget spreadsheet makes it easy to manage income and expenses. It helps one reduce the cost and gain benefits from ones investments.

Although many people find it difficult to understand budget spreadsheet, yet it is better to understand what a budget spreadsheet is in order to avoid future debts or losses. It is better to do some maths instead of loosing valuable money. A basic simple spreadsheet enables you to keep track of your budget. It enables you to know exactly how much you are spending off your budget and where all the expenses are made. It helps you to manage time as well. You end up paying your bills on time, your debt payments are ensured to be paid and you can track on your savings and investments as well.

A budget spreadsheet enables you to manage your investments in an efficient way with a steady cash flow coming in every month. The key is how closely do you stick to your budget. If you work according to your budget spreadsheet then there are minimal chances that you end up in investments havoc. A budget spreadsheet makes you the master of managing your finances in an efficient way.

There are a wide variety of budget spreadsheets available, online and others as well. While choosing a budget spreadsheet you must consider many aspects so that you are able to maintain a steady check on the financial situation of your investments.

• Look out for a budget spreadsheet that enables you to calculate your expenses against your income.
• Either choose between different budget spreadsheets like; personal budget spreadsheet or monthly budget spreadsheet or choose that would accommodate more things in a single spreadsheet.
• Choose a spreadsheet that enables you to keep track of your spending, income, investments and savings as well.

After analysing what you require from your budget spreadsheet then it becomes much more easier for you to choose the right one. Budget spreadsheet is regarded as the main tool for financial planning and tracking income and expenses. The increased importance of budget spreadsheet has lead to an increased amount and types of budget spreadsheets that are available nowadays in the markets and online. Each one of them is unique in its own way as every one of them has its own way to present the same information. Information regarding, your financial situation, your savings, your income, expenses and investments.

If you want to manage your money the proper way and if you want to know whether what your spending is worth enough or not. Whether you are spending within your income or incurring debts because of your spending habits. You can manage all of your debt problems and other financial issue while using a budget spreadsheet. It is a very basic tool used by every household nowadays to keep track of their budgets.

Most people talk about Witan investment trust, but what is it?

Witan investment trust is an investments trust company from Britain who is mainly dedicated to equity investments. Witan investment trust also looks at offering some marketing services to companies, executive managements as well as gives out marketing services for third party investments kind of trust clients. Private investors are offered global equities to be added into their investments portfolio. On the whole, Witan investment trust invests in prudently diversified range of trust investing for large multinational companies as well as companies that are well managed; sometimes they even look at a few small companies if they are looking at investments for long term prospects. However, it is not all of the small companies that Witan investment trust invests in, only those who have the potential to do well.

If you look at their investments chart, you will know that Witan investment trust is a suitable company that will help you invest your money. They have an impressive portfolio where in the UK itself Witan investment trust has a key net asset of 35.00%, and its share price recently was at 480.40 pounds.

Apart from a good share price holding some of the reasons why analysts say that Witan investment trust is a good buy is because its sales/business activities is depended on understanding the customers investments priorities as best as they can. You even get a good detailed report of the companies that work in a similar industry as yours as well as information on the financial analysis. It also works at comparing your financial trends and investments decisions with competitors as well as peers.

The trust also has an impressive history and is considered to be the largest investments trust that is on the London Stock Exchange. In today’s time, it is also considered to be the largest multi-managed retail fund that has an impressive asset portfolio that is worth 1.1bn Pounds. In 2004, Witan investment trust also became a self-managed company and had its first CEO appointed. The dividend on the shares at Witan investment trust however have shown a massive leap from the downfall of £5.90 in 2009 first quarter and £4.30 in the last quarter of 2009, in the first quarter of the year 2010 its amount dividend that was payable per share stood at £6.20 which is a good start for the years trade.

At present, Witan investment trust has introduced ISA or the individual savings account investment that would need you to do a lump sum investments and this had to be made before the 30^th April 2010 and investors would receive the minimum investments levels with it. There are tax benefits as well that are associated with it, for e.g the high tax payers are not subject to paying the 18% extra because ISA’s need not be declared to the Inland revenue. You can also make use of the share plan builder that is a saving scheme which allows its investors to invest money in Witan Pacific and Witan investment trust.

Let’s first understand what personal financial planning theory and practice is all about. Personal financial planning theory and practice is nothing but a process that is considered to be scientific as well as artistic for implementing, formulating as well as monitoring decisions that are malfunctioning and allow the individual investors or the family to achieve financial goals. Financial planning theory and practice is like a test of the financial investor’s acumen in gathering rewarding investments.

With the planning process for financial planning theory and practice you can see that there is appropriate promotion as well as allocation of the client’s resources and investments. Financial planning in theory for an individual investor is usually when the planner is given a framework of the objective investments alternatives that identify the opportunity cost that is associated so that the individual investor who is looking at personal financial planning can make a few rationale choices among the various alternatives of investments that are available to them. This is a major advantage of personal financing theory and practice.

The financial investor gains a lot of advantages with personal financial planning in theory that they can implement in practice. Firstly, with the right financial planning they will be able to prioritize, as well as identify investment plans that will prove to be beneficial to them. Once they plan on how to invest their finances, the investor will be able to gain profits when planning or theory is put into practice. Thus, the personal finance theory planning and practice continuum is maintained. More practice will create more demand, so more financial planning will be needed.

Planning and theory in financial planning involves a lot of understanding on how the market performs. With reading theory material and planning you will be able to control, evaluate investments that will be highly profitable to you. Financial planning is both subjective as well as objective. The individual or family in this case effectively manages their finances since the investors recognize their individual goals. The basic goal of financial planning theory and practice is to get some income and some of the amount that is got is used to meet the expenses. There is a lot of work done to create a few cash reserves as well as other assets so that they can be used for the future.  Many of such resources are infact used to help in personal finance planning theory and practice.

In this system of personal financial planning theory and practice, you need to understand how to handle your own finances and investments. For this you will also need to learn about the different types of expenses and that are fixed and variable expenses. Fixed expenses would include car payments, rent, outstanding loans, mortgage payments etc. Variable expenses would include food and bank service charges, utility bills etc. you therefore need to make a budget depending on what your expenses are against your income. Once you understand these factors you will be also to meet your expenses that are much unexpected. You could also choose to use the excess of the money for investment purposes or in a hike to find your destiny in life.

Personal financial planning theory and practice is nothing but the management of liabilities as well as assets which is effective as well as efficient investments.

Pay off mortgage or invest? If this is a question that’s on your mind then most analysts and financial wizards will say that you are in a good financial position. This also means that most or all of your debts like the auto loan, mortgage etc is paid off or you would be in a debt free situation in a few months time. A debt free situation should be considered the best time for investments.

When you think of pay off mortgage or invest, the first thing that creeps into any investors mindset is that whatever pays off well in terms of money is a better decision.

Let’s look at why you should pay off for your mortgage early. Before that it is relevant to assume that most people are in the ‘pay off mortgage and invest’ category rather than the ‘pay off mortgage or invest category’. What that means is, you either want to proceed step by step (first the mortgage then the investment) or you want to pay off mortgage and investment simultaneously.

What most people who own mortgages and would want to invest as well feel that they don’t want to lose any percent of money so that you could get a x% + gain. Let’s see how that would look mathematically. Considering that you have a 6% home loan you are sure that investments in stock funds would allow you to earn around 8% and that is after you clear off your mortgage that include fees as well as taxes. On a personal front you would like not to own a lender or bank $150 interest every month even if you feel that you would miss out a nice fat chance to earn $170 for a month. So pay off mortgage automatically gets an advantage in the mortgage or invest debate.

Most people believe that paying off their mortgage first is a big step that would give them a huge emotional satisfaction. Let’s take for e.g. considering that your mortgage rate is fixed at 6%. With every $100 of taxable income investments after you pay your 20% of takes you get to keep 80% as your income. If you happened to invest you would get an earning of 4% which would be a rough $40. And after you pay of your taxes on this return on investments you would get $32 with you.

Just in case you had a $1000 to pay of your mortgage and you used it to pay part of it you would get a good saving on your 6% or $60 as in inters cost however you would not have the $60 with is the extra income to deduct from your tax returns, ultimately you would be saving around $48.

Taking this same factor if you manage to save about $16 in a  by only paying off a part of your mortgage instead of thinking of investing your extra income that was made which is a clear calculation of $48 (net saving on mortgage interest) – $32 (net interest that was earned on investment) = $16 .

Therefore the conclusion is that according to most analysts, the decision to pay off your mortgage early so that you invest and maintain an investment portfolio is more profitable in the pay off mortgage or invest confusion. Once you pay off your mortgage early you can invest in risk free investments which are treasury securities, bank insure certificate of deposits, however if you want to earn more interest that what you would have to pay off as mortgage interest then its best that you invest in long term investments like stock and index funds. This will be definite big earnings than what you would be paying off as interest on your mortgage.

If you are really keen on learning about how to learn to invest your money then you need first agree with the fact that investing your hard earned money that is now in surplus is a smart idea.

If you are on the lines that to invest money is one of the reasons why you want to increase your wealth then you are in the right direction to learn to invest money. Your basic want is on the right focus. You will also need to analyze why you want to invest your money. Is it that you want to pass on your excess money to your family, or you simply want to live a luxurious retirement life? Whatever the reasons are if you have just caught on to the idea of investing your money then you need to learn to invest money effectively.

Before you start how to learn to invest money in stock, mutual funds, playing in the forex market, or invest the same in property you first need to be clear what your goals are. As mentioned earlier you could want to pass on your wealth or you want to lead a good retirement life. Most investors and financial people advise people to start to invest whatever money they can as early as they can as a first lesson to learn to invest money.

For e.g if you are 20 years old and you don’t have much money to invest (it is understandable that you need to enjoy your present as well) even if you can invest $4 per day for the next 250 days in a year. Although it is not a big sum of money, it will be once you get old, provide you learn to invest money in the first days of your career. If you manage to save even $1000 per year and learn to invest money in bonds or stocks that give you 10% as your annual returns, by the time you grow old which will be 46 years later you could have earned $1 million in investment along. You could even learn to invest money some more as you grow older and you begin to earn much more.

It is not a big deal to learn to invest money. If you want to learn the nuances you need to understand a few important things about how to invest. The rest is all up to your need and requirement and how you plan to go about it, another important factor is that you need to have the driving force when you learn to invest your money so that you can reap its benefits at a later stage.

If you’ve watch some of the late night learn to invest money programs you would have known by now that an investor can invest money in many directions for a profitable future. There are several ways and several methods to learn to invest money that will help take you to your goal. The important part is that you need to recognize the one that works best for you. After all the time you spend working and trying to learn to invest money you don’t want to burn your fingers in investments that have poor or no yields or you understand nothing about.