BeachOrCity
Full time employment: Posting here.
- Joined
- Jun 1, 2016
- Messages
- 889
Suggestion
Model three scenarios. Use a spreadsheet with three collums to the right of categories for your income and expense figures.
The middle collumn is most likely
The left collum is "worst" ( which fo4 income items is lowest, expense its are highest)
The right collumn is 'best' (opposite of above)
Then run firecalc on income expense for all three collumns.
Most likely 'worst' will be a far miss off what you need because if everythig goes wrong then for most of us we will miss. So dont too concerned about point of the exercise is to show you that you cant plan for everything bad happening at once. No one can. So if it were me i would base my decision off having a comfortable margin say 95 percent on mostlikely collumn.
....Then if life hands me lemons i would adjust.
Model three scenarios. Use a spreadsheet with three collums to the right of categories for your income and expense figures.
The middle collumn is most likely
The left collum is "worst" ( which fo4 income items is lowest, expense its are highest)
The right collumn is 'best' (opposite of above)
Then run firecalc on income expense for all three collumns.
Most likely 'worst' will be a far miss off what you need because if everythig goes wrong then for most of us we will miss. So dont too concerned about point of the exercise is to show you that you cant plan for everything bad happening at once. No one can. So if it were me i would base my decision off having a comfortable margin say 95 percent on mostlikely collumn.
....Then if life hands me lemons i would adjust.