What is unique about goalgami?


Financial planning is nothing new. So what's the big deal now?

goalgami is brutally honest about your financial health. Using a proprietary process, goalgami offers an accurate assessment of whether or not you're on track to meet your long-term financial goals. 

goalgami provides a lifetime view of your net worth on a Household Balance Sheet, which displays your Resources (income and assets) and Claims (debts, expenses and long-term goals). It serves as a starting point in helping you make the tough budgeting decisions to get you where you want to go. This could entail balancing near-term goals vs. long-term goals, spending vs. saving, or determining needs vs. wants.
Thanks to goalgami, financial planning doesn't have to be difficult, scary or expensive. It can be easy, empowering and - dare we say it? - fun. Best of all, it's FREE!


Planning vs. Budgeting

There's a big difference between making ends meet every month and achieving your most-important goals throughout your lifetime. The former requires budgeting, while the latter requires planning. Real life requires both. Using goalgami can help you stay on track to meet your long-term goals. How? By teaching you to account for these goals in your monthly household budget.

Balance Sheet Approach

goalgami is unique because it uses the Household Balance Sheet approach to help you manage your finances. It empowers you to make smarter money decisions, as well as better prioritize your spending and savings.

The Household Balance Sheet approach first gathers information on your income, assets, debts and long-term goals. Calculations** are then done to see if the net value of your Resources (income and assets) is enough to cover your Claims (debts, expenses and long-term goals) over your lifetime. By including future income and spending in the calculations, goalgami's Household Balance Sheet paints a much more accurate picture of your financial future than a traditional balance sheet.
The Household Balance Sheet serves as a visual reminder that making financial tradeoffs today will affect your lifestyle tomorrow. It also doesn’t hurt that goalgami uses fun, eye-catching graphics and charts to help you to assess your financial health.
** Further explanation of the calculations: The underlying math of the Household Balance Sheet Approach converts future cash flows (both income and spending) into a single number. Your data is organized to show whether future sources of cash to pay bills balance with the value of the bills themselves. The sooner any imbalances can be adjusted for, the better the household financial picture!

Robust Analysis Made Simple

Many people don't fully understand how significantly their day-to-day spending habits affect their lifestyle decades from now. Do you know how your present financial choices impact the ‘Big Picture’?
At goalgami, we use colorful, easy-to-read reports and charts to illustrate your projected long-term financial health. We think it’s simpler and more enjoyable than trying to sort out the figures on a traditional spreadsheet.

Seeing the Big Picture 

While nobody can predict the future, goalgami can help you plan for it. We made goalgami free, fun, interactive, and easy to use. Why? The more you use it, the more likely you’ll stay on track to attain your lifelong dreams and goals.
One thing to keep in mind while using your Household Balance Sheet is that early on in your Lifetime Goals Timeline, you are in essence, Human Capital. During your 30s and 40s, you are a person with great earning potential. The future you envision for yourself or your family in the following decades primarily hinges upon your income now. At this point in your life, you should really look into getting disability insurance and life insurance to cover your bets.
As you progress in your career and move along from left to right on your Lifetime Goals Timeline, more of your potential capital becomes realized in the form of real estate, investments, savings, retirement accounts, etc. At this point, your Human Capital becomes Financial Capital. You should seek the advice of a financial planner to reallocate and protect your assets as you near or begin retirement.
goalgami’s aim is to empower you to take control of your financial future.