pf Ratios for my Dashboard
I'm making progress on my Personal Finance dashboard, which was discussed in my June pf Goals post. This process has been an eye-opener and many ways and I encourage everyone to build something to track your financial results. I'm working on ratios now -- what can financial ratios tell me?
I have built the following into my personal finance dashboard (I'm going to call it PF-Dashboard).
- Categories for monthly tracking of Assets and Liabilities
- Separate tracking tool for retirment savings
- Monthly spend alalysis tool
- Home equity calculator
Now it's time to work on the ratios that I plan to use. Here are my ideas so far.
Debt to Assets Ratio --- D/A =Total Debt / Total Assets
Debt to Short-Term Assets Ratio --- D/STA = Total Debt / Short-Term Assets
Retirement to Assets Ratio --- R/A = Retirment Savings / Total Assets
Retirment to Net Worth --- R/NW = Retirment Savings / Net Worth
Months on Hand --- MOH = Short Term Assets / Average Monthly Spend
Thanks for reading! As always, comments are welcomed.
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