A Dynamic System for Making Financial Decisions

The Forecast is the Personal Financial Plan!

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Getting Employees Started

We send an introductory e-mail to the employees you specify, inviting them to use the service. This grants them immediate access. Employees begin in the Resource Center, where they will find:

  • The FinanSavvy Personal Financial Planning Process.
  • Concise instructions for getting started.
  • Quickstart guides for each section of the service.
  • A brief tutorial video.
  • More in-depth help.

Every new account also has a sample Forecast that employees can review.

What FinanSavvy Does

FinanSavvy, used with the FinanSavvy Personal Financial Planning Process, is a whole new kind of software service. It is not for employees to track what they have spent or for selecting investments. It is about delivering the peace of mind that comes from enabling people to confidently make forward looking decisions of all kinds about money.

  • Focus spending, get more bang for the buck.
  • Connect short term decisions to long term financial accomplishments.
  • Plan for financial security and long term goals in the face of uncertainty.

Ultimately FinanSavvy helps employees find their personal best path forward and make and maintain the connection between what they do right now and future outcomes by explicitly illustrating how those things are connected. This clarity, and the knowledge that they have a viable plan supported by their current financial circumstances, eliminates the stress and anxiety that comes from ambiguity about their long term ability to be successful as they define it.

Unlike the traditional 'Black Box' approach to planning where a person sits down, answers a bunch of questions and gets a set of recommendations, FinanSavvy provides an analytical system where anyone can enter and vary information about their financial circumstances, expectations and goals and decide on a validated way of balancing these things for themselves.

As they do this, recommendations are provided in real-time on topics ranging from the sensibility of inputs to best practices. Auto-generated recommendations address things like the validity of forecast assumptions (e.g. expected investment returns, assumed tax rates), to best practice based guidance assessing things such as if savings reflect a sufficient emergency reserve across the forecasted timeframe, if planned retirement withdrawals appear to meet IRS minimums later in life, or if their plan accounts for a long enough lifespan.

Bridge the Financial Services Gap

FinanSavvy provides the critical context for spending and investing decisions. Common Personal Finance technologies like spend tracking and automated investing can only help people execute their plans for living well today and achieving long term goals once they have made them.

Employees gain a sound understanding of how much they should spend. This make spend tracking a useful practice. Employees map out a path to achieve personal goals. This sets the context for investment portfolio planning.

The FinanSavvy Personal Financial Planning Process

The FinanSavvy Personal Financial Planning Process provides a systematic method for using FinanSavvy to gain the foundation required for answering important financial questions.

The Process guides employees through the specific steps of creating a budget, describing investments (if any) and building a forecast that includes achieving long term financial goals. The combined result is a strategic personal financial model. Once established, this continuously updated model serves as a basis for confidently deciding how to spend, save and invest in a manner that balances a best achievable lifestyle today with financial security and accomplishment of those goals.

Employees do not have to follow the process to use FinanSavvy. We believe that it represents the fastest, easiest way to start using the service to formulate a sound strategic plan. When a FinanSavvy account is created, employees will start out in and gain access to the Resource Center where along with other helpful materials, the process is described in detail.

A Hyper-Personal Forecast

A Life Long Plan To Achieve Goals and Stay Financially Viable.

What do I need to earn, save and gain from investing to achieve my long term goals? Am I on track?

Employees provide expectations and assumptions, then FinanSavvy presents a detailed lifelong forecast of what their available financial assets would be to validate their plans. Employees can:

  • Control all of the assumptions in their Forecasts.
  • Chart a completely personalized journey using Life Events.
  • Account for everything that will impact outcomes including taxes and inflation.
  • Use calculators to help set assumptions like tax rates or investment allocations.
  • Use Wizards to create Life Events to reflect plans like major purchases or retirement.
  • Graph forecasted assets, investments, income, spending and more.
  • View a detailed, written, printable summary of their Financial Plan.
  • View auto-generated recommendations for improving the quality of their plan.
household budgets, retirement and financial planning software

More Than Budgets - Strategic Spending Plans

Decision Support For Spending.

Can I improve my lifestyle without spending more? How much can I spend?

Smarter spending and planning for the the future is what FinanSavvy is all about. Employees can:

  • Start with an Instant Budget that uses their income and US Bureau of Labor Statistics spending data to create a personalized Budget that they can edit.
  • Organize spending into standard and custom categories.
  • Record spending as weekly, monthly or annual.
  • Graphically analyze spending by category.
  • Benchmark spending vs. national averages.
  • Easily make 'what-if' comparisons, enabling and disabling line-items on the fly.
  • Apply budgets to long term forecasts.
household budgets, retirement and financial planning software

Create multiple budgets, then use them in forecasts.

Visualize the outcome of long term plans.

FinanSavvy and FinanSavvy.com are Trademarks of Sightful Software, Inc. Copyright 2017
Sightful Software, Inc. is neither a registered investment advisor nor a broker dealer. The Service is provided for educational purposes.

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