A financial plan is a roadmap for your money. It helps you see whether you're on track to afford the things you want in life - whether that’s buying a home, taking a career break, having kids, or retiring comfortably.

Your financial plan is built on projections - estimates of how your income, expenses, and savings will look over time based on; the choices you make and inflation impacts.

Canwi helps you answer questions like:

You can access and build your financial plan from the Plan screen

When you first access this screen you won't have any events so you'll be seeing what your projected future finances looks like if you:

The default view of the planning screen is the "Board" view, this view shows a year by year simulation of your future finances and allows you to "Add New Events" to simulate future decisions.

By default you'll have a projected Cashflow line chart shown as well. Here you can see the Projected Income (Post-Tax) in blue and projected Expenses in orange.

You may notice that your projected cashflow has some fluctations in future years even without events.

For example - if you have a Help Debt which will be paid off in future you'll notice that your Post-Tax income will rise in a future year (in the screenshot below you can see the increase in the blue line in 2029 caused by a Help debt being paid off.

As another example - in this scenario the Annual Expenses is reduced from 2028 as a Car Loan finishes being paid off.

You might also notice that there's a subtle increase in the blue Income line but not in the orange Expenses line. This is showing the impact of Wage Growth and Consumer Price Inflation whilst the projection is shown in Today's dollars. For more information read the articles below on how Financial Projections work and Actual Currency vs Today's dollars.

📌 How Financial Projections work

📌 Actual Currency vs Today's Dollars

📌 Seeing the Bigger Picture: Trade-Offs & Decision making