Friday, December 20, 2013

Budget Statement

2:40 PM


When I have $0 in expenses for Spouse 1 and 2 in the pre-retirement budget, the report takes the Net Income amount and puts it in the Total Expense amount.


In cases where you  and your spouse are not yet retired, if there is no budget, the program tries to create a budget based on net income, assuming all funds are spent or saved.

In other words, the "budget" for someone without a budget is:
expenses = gross income - taxes - annual savings.


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