GPT based financial reporting

need a copy paste board why not use word press and share the process.

Every version is mentioned with v1,v2...etx

Here is the output

Sure, here's a draft for a blog post regarding your financial overview for July 2024:

v1 ( created from screenshots and basic prompt > Create a google sheet table for the financial status for this month. Include 1.5 k rent home 1k studio 1.5 k nursery 1k corp tax 1.5k self assesment tax. Hsbc 28k debt paid 800 pounds monthly. Calculate when it would be paid off. 500 for utilities 500 for food as cost.35 k debt coming in january 2025 )

Financial Overview: July 2024

Managing personal and business finances can be challenging, especially when dealing with multiple accounts and various expenses. Here’s a detailed look at my financial status for July 2024, providing insights into account balances, monthly expenses, and debt repayment plans.

Account Balances

As of July 2024, here’s a summary of my account balances:

• Personal Account: £5,522.12

• Business Account: £0.00

• Main Account: £179.19

• Euro Account: €0.00

• US Dollar Account: $0.00

• Bank Account: £8,446.87

• GIC GIA Uninvested Cash Account: £0.00

• Personal Loan: -£28,025.90

• INVDIRECT: £0.00

• GIC Investments: £0.00

• Business C/A: £894.50

• Commercial Card: £0.00

Monthly Expenses

Monthly expenses are crucial to track to ensure financial stability. Here are my major monthly expenses:

• Rent (Home): £1,500

• Studio: £1,000

• Nursery: £1,500

• Corporate Tax: £1,000

• Self Assessment Tax: £1,500

• HSBC Debt Payment: £800

• Utilities: £500

• Food: £500

Financial Summary

Combining the account balances and monthly expenses gives a comprehensive picture of my financial health:

• Total Balance (GBP): -£12,983.22

• Total Balance (EUR): €0.00

• Total Balance (USD): $0.00

• Total Monthly Expenses (GBP): £8,300

• Remaining Balance After Expenses (GBP): -£21,283.22

Debt Repayment Plan

One of the significant financial commitments is the HSBC debt:

• HSBC Debt: £28,025.90

• Monthly Payment: £800

• Months to Pay off HSBC Debt: Approximately 35 months

Upcoming Financial Obligations

In addition to the current expenses and debts, I have a significant financial obligation coming up:

• £35,000 debt due in January 2025

Conclusion

Managing finances requires careful planning and regular monitoring. By keeping track of account balances, monthly expenses, and debt repayments, it is possible to maintain financial stability and plan for future obligations effectively.

Do you have any tips for managing finances or insights on dealing with debt? Share your thoughts in the comments below!

v2

I hope this blog post draft meets your requirements. Feel free to adjust any part of it or add more details as needed!

>> MASTER PROMPT >>>

[Task: Create an spread sheet from the data, generate the numbers and financial status in next 12 months ]

[Context: Preparing financial analysis]

[Format: Spread Sheet]

[Persona: Financial asistant]

[Tone: Engaging and persuasive]

[Exemplar: 1- Account Balances 2-Monthly Expenses 3-Income 4-Debt Repayment 5-Milestones 6-Emergency Funds 7-Obligations]

[Data: ]

[ask me 5 questions that improve the responses that you are going to give me]

>> UPDATES >>> INPUT STARTS GPT

Financial Overview: July 2024

insights into account balances, monthly expenses, and debt repayment plans.

Account Balances

As of July 2024, here’s a summary of my account balances:

• Personal Starling Account: £5,522.12

• Business ** Starling Account**: £0.00

• Main Starling Account: £179.19

• Euro Starling Account: €0.00

• US Dollar StarlingAccount: $0.00

• HSBC Personal Bank Account: £8,446.87

• HSBC Personal GIC GIA Uninvested Cash Account: £0.00

• HSBC Personal Loan: -£28,025.90

• HSBC ** Personal INVDIRECT**: £0.00

• HSBC Personal GIC Investments: £0.00

• HSBC Business C/A: £894.50

• HSBC Commercial Card: £0.00

Monthly Expenses

Monthly expenses are crucial to track to ensure financial stability. Here are my major monthly expenses:

• Business

Studio: £1,000

• Corporate Tax: £1,000

• Mashups :£500

• Personal

Nursery: £1,500

• Rent (Home): £1,500

• Self Assessment Tax: £1,500 ( Ends in August , Restarts in January)

• HSBC Debt Payment: £800

• Utilities: £500

• Food: £500

Income

• Week days work £6.000 ** (GBP) ( taxed in to personal account )**

• Weekends work £1.000 (GBP) ( not taxed in to business account )

• Weekdays work £500 ** (GBP) ( taxed in to personal account )**[partner]

Financial Summary

Combining the account balances and monthly expenses gives a comprehensive picture of my financial health:

• Total Balance (GBP): -£12,983.22

• Total Balance (EUR): €0.00

• Total Balance (USD): $0.00

• Total Monthly Expenses (GBP): £8,300

• Remaining Balance After Expenses (GBP): -£21,283.22

Debt Repayment Plan

One of the significant financial commitments is the HSBC debt:

• HSBC Debt: £28,025.90 34 more months to go

• Monthly Payment: £800

• Months to Pay off HSBC Debt: Approximately 35 months

Milestones

• 8.2024 Mira Citizenship Result

• 9.2024 Ece ILR Application

• 10.2024 Erdem Citizenship Result

• 12.2024 Ece ILR Result

Emergency Funds

• 1000 business level 1

• 1000 personal level 1

• 48k needed for level 3 business ( 6 months combined expenses )

Upcoming Financial Obligations

In addition to the current expenses and debts, I have a significant financial obligation coming up:

• £35,000 debt due in January 2025 (2023-2024 Taxes)

Conclusion

Managing finances requires careful planning and regular monitoring. By keeping track of account balances, monthly expenses, and debt repayments, it is possible to maintain financial stability and plan for future obligations effectively.

**>> ** INPUT ENDS GPT >>>

Questions at start >

To generate a detailed and accurate financial analysis for the next 12 months, I'll need some additional information. Here are five questions to improve the response:

• Income Variability: Are there any expected changes in your income over the next 12 months? For example, do you anticipate any salary increases, bonuses, or changes in working hours for either you or your partner?

• Additional Expenses: Do you expect any new or additional expenses in the upcoming year that are not currently listed? This could include new subscriptions, memberships, planned purchases, or unexpected costs.

• Debt Repayment Strategy: Beyond the HSBC debt, do you have a specific strategy or priority for paying off other debts, including the upcoming £35,000 obligation in January 2025? Will you be making extra payments towards any debts?

• Savings Goals: Are there any specific savings goals or investment plans you have for the next year? For example, are you planning to save for a vacation, a large purchase, or to increase your emergency fund?

• Milestones Impact: How do you anticipate the milestones listed (e.g., citizenship results, ILR application) will impact your financial situation? Will any of these milestones result in additional costs or changes in income?

Please provide answers to these questions, and I will incorporate them into the financial analysis and spreadsheet.

v3

>> MASTER PROMPT >>>

[Task: Create detailed analysis an spread sheet from the data, generate the numbers and financial status in next 12 months ]

[Context: Preparing financial analysis mention]

[Format: Spread Sheet]

[Persona: Financial asistant]

[Tone: Engaging and persuasive]

[Exemplar: 1- Account Balances 2-Monthly Expenses 3-Income 4-Debt Repayment 5-Milestones 6-Emergency Funds 7-Obligations]

[Data: ]

>> UPDATES >>> INPUT STARTS GPT

Financial Overview: July 2024

insights into account balances, monthly expenses, and debt repayment plans.

Account Balances

As of July 2024, here’s a summary of my account balances:

• Personal Starling Account: £5,522.12

• Business ** Starling Account**: £0.00

• Main Starling Account: £179.19

• Euro Starling Account: €0.00

• US Dollar StarlingAccount: $0.00

• HSBC Personal Bank Account: £8,446.87

• HSBC Personal GIC GIA Uninvested Cash Account: £0.00

• HSBC Personal Loan: -£28,025.90

• HSBC ** Personal INVDIRECT**: £0.00

• HSBC Personal GIC Investments: £0.00

• HSBC Business C/A: £894.50

• HSBC Commercial Card: £0.00

Monthly Expenses

Monthly expenses are crucial to track to ensure financial stability. Here are my major monthly expenses:

• Business

Studio: £1,000

• Corporate Tax: £1,000( Ends 12 months , a new term Restarts in January)

• Mashups :£500

• Personal

Nursery: £1,500

• Rent (Home): £1,500

• Self Tax: £1,500 ( Ends in August , Restarts in January)

• HSBC Debt Payment: £800

• Utilities: £500

• Food: £500

Income

• Week days work £6.000 ** (GBP) ( taxed in to personal account )**

• Weekends work £1.000 (GBP) ( not taxed in to business account )

• Weekdays work £500 ** (GBP) ( taxed in to personal account )**[partner]

Financial Summary

Combining the account balances and monthly expenses gives a comprehensive picture of my financial health:

• Total Balance (GBP): [calculate]

• Total Balance (EUR): [calculate]

• Total Balance (USD): [calculate]

• Total Monthly Expenses (GBP): [calculate]

• Remaining Balance After Expenses (GBP): [calculate]

Debt Repayment Plan

One of the significant financial commitments is the HSBC debt:

• HSBC Personal Loan Debt: £28,025.90 34 more months to go from July 2024

Monthly Payment: £800

• Months to Pay off HSBC Debt: Approximately 35 months

• Personal Tax

1 month to go to pay 1500

• Corporate Tax

10 month to go to pay 1000

Milestones

• 8.2024 Mira Citizenship Result

• 9.2024 Ece ILR Application

• 10.2024 Erdem Citizenship Result

• 12.2024 Ece ILR Result

Emergency Funds

• 1000 business level 1

• 1000 personal level 1

• 48k needed for level 3 business ( 6 months combined expenses )

Upcoming Financial Obligations

In addition to the current expenses and debts, I have a significant financial obligation coming up:

• £35,000 debt due in January 2025 (2023-2024 Taxes)

Conclusion

Managing finances requires careful planning and regular monitoring. By keeping track of account balances, monthly expenses, and debt repayments, it is possible to maintain financial stability and plan for future obligations effectively.

• Income Variability: New side contracts can add around 80k per year.

• Additional Expenses: Travel expenses around 250 pounds a month. Insurances 250 a month

• Debt Repayment Strategy: £35,000 obligation in January 2025 would be bundedles into monthly tax payments of 1000 from business 1500 from personal.

• Savings Goals: We would like to be able to implement Ramsey baby steps formula and build emergency funds after paying off debt

• Milestones Impact: citizenship of Erdem would result in more stable job offers. ILR results would lead into freedom of movement for the family.

**>> ** INPUT ENDS GPT >>>

v4

v4

The financial projections for the next 12 months are now available, showcasing the starting balance, income, expenses, debt repayment, and ending balance each month.

Key Highlights:

• Starting Balance: Begins at -£12,983.22 in August 2024.

• Monthly Income: £7,500.

• Monthly Expenses: £9,300.

• Monthly Debt Repayment: £3,300.

Detailed Monthly Projections:

• August 2024: Starting Balance: -£12,983.22, Ending Balance: -£18,083.22

• July 2025: Starting Balance: -£69,083.22, Ending Balance: -£74,183.22

Next Steps:

• Review and adjust income and expenses: Look for opportunities to increase income or reduce expenses to improve financial stability.

• Debt Repayment Plan: Focus on strategies to accelerate debt repayment.

By closely monitoring and managing your finances, you can work towards achieving better financial health and stability over the next year.

v5 fix input

[Task: Create detailed analysis an spread sheet from the data, generate the numbers and financial status in next 12 months ]

[Context: Preparing financial analysis mention]

[Format: Spread Sheet]

[Persona: Financial asistant]

[Tone: Engaging and persuasive]

[Exemplar: 1- Account Balances 2-Monthly Expenses 3-Income 4-Debt Repayment 5-Milestones 6-Emergency Funds 7-Obligations]

[Data: ]

>> UPDATES >>> INPUT STARTS GPT

Financial Overview: July 2024

insights into account balances, monthly expenses, and debt repayment plans.

Account Balances

As of July 2024, here’s a summary of my account balances:

• Personal Starling Account: £5,522.12

• Business ** Starling Account**: £0.00

• Main Starling Account: £179.19

• Euro Starling Account: €0.00

• US Dollar StarlingAccount: $0.00

• HSBC Personal Bank Account: £8,446.87

• HSBC Personal GIC GIA Uninvested Cash Account: £0.00

• HSBC Personal Loan: -£28,025.90

• HSBC ** Personal INVDIRECT**: £0.00

• HSBC Personal GIC Investments: £0.00

• HSBC Business C/A: £894.50

• HSBC Commercial Card: £0.00

Monthly Expenses

Monthly expenses are crucial to track to ensure financial stability. Here are my major monthly expenses:

• Business

Studio: £1,000

• Corporate Tax: £1,000( Ends 12 months , a new term Restarts in January)

• Mashups :£500

• Personal

Nursery: £1,500

• Rent (Home): £1,500

• Self Tax: £1,500 ( Ends in August , Restarts in January)

• HSBC Debt Payment: £800

• Utilities: £500

• Food: £500

• Additional Expenses: Travel expenses around 250 pounds a month. Insurances 250 a month

Income

Income Variability: New side contracts can add around 80k per year.

• Week days work £6.000 ** (GBP) ( taxed in to personal account )**

• Weekends work £1.000 (GBP) ( not taxed in to business account )

• Weekdays work £500 ** (GBP) ( taxed in to personal account )**[partner]

Financial Summary

Combining the account balances and monthly expenses gives a comprehensive picture of my financial health:

• Total Balance (GBP): [calculate]

• Total Balance (EUR): [calculate]

• Total Balance (USD): [calculate]

• Total Monthly Expenses (GBP): [calculate]

• Remaining Balance After Expenses (GBP): [calculate]

Debt Repayment Plan

One of the significant financial commitments is the HSBC debt:

• HSBC Personal Loan Debt: £28,025.90 34 more months to go from July 2024

Monthly Payment: £800

• Months to Pay off HSBC Debt: Approximately 35 months

• Personal Tax

1 month to go to pay 1500

• Corporate Tax

10 month to go to pay 1000

• Debt Repayment Strategy: £35,000 obligation in January 2025 would be bundedles into monthly tax payments of 1000 from business 1500 from personal.

Milestones

• 8.2024 Mira Citizenship Result

• 9.2024 Ece ILR Application

• 10.2024 Erdem Citizenship Result

• 12.2024 Ece ILR Result

Milestones Impact: citizenship of Erdem would result in more stable job offers in EU. ILR results would lead into freedom of movement for the family.

Emergency Funds

• 1000 business level 1

• 1000 personal level 1

• 48k needed for level 3 business ( 6 months combined expenses )

Savings Goals: We would like to be able to implement Ramsey baby steps formula and build emergency funds after paying off debt

Upcoming Financial Obligations

In addition to the current expenses and debts, I have a significant financial obligation coming up:

• £35,000 debt due in January 2025 (2023-2024 Taxes)

Conclusion

Managing finances requires careful planning and regular monitoring. By keeping track of account balances, monthly expenses, and debt repayments, it is possible to maintain financial stability and plan for future obligations effectively.

v6

Code output >

`import pandas as pd

Data based on the given details

data = {
'Category': ['Account Balances', 'Monthly Expenses', 'Income', 'Debt Repayment', 'Milestones', 'Emergency Funds', 'Obligations'],
'Details': [
# Account Balances
{
'Personal Starling Account': 5522.12,
'Business Starling Account': 0.00,
'Main Starling Account': 179.19,
'Euro Starling Account': 0.00,
'US Dollar Starling Account': 0.00,
'HSBC Personal Bank Account': 8446.87,
'HSBC Personal GIC GIA Uninvested Cash Account': 0.00,
'HSBC Personal Loan': -28025.90,
'HSBC Personal INVDIRECT': 0.00,
'HSBC Personal GIC Investments': 0.00,
'HSBC Business C/A': 894.50,
'HSBC Commercial Card': 0.00,
},
# Monthly Expenses
{
'Business - Studio': 1000,
'Business - Corporate Tax': 1000,
'Business - Mashups': 500,
'Personal - Nursery': 1500,
'Personal - Rent (Home)': 1500,
'Personal - Self Tax': 1500,
'Personal - HSBC Debt Payment': 800,
'Personal - Utilities': 500,
'Personal - Food': 500,
'Additional - Travel expenses': 250,
'Additional - Insurances': 250,
},
# Income
{
'Weekdays work': 6000,
'Weekends work': 1000,
'Partner weekdays work': 500,
'Side contracts': 80000 / 12, # Monthly side contracts income
},
# Debt Repayment
{
'HSBC Personal Loan': 28025.90,
'Monthly Payment': 800,
'Months to Pay off HSBC Debt': 34,
},
# Milestones
{
'8.2024': 'Mira Citizenship Result',
'9.2024': 'Ece ILR Application',
'10.2024': 'Erdem Citizenship Result',
'12.2024': 'Ece ILR Result',
},
# Emergency Funds
{
'Level 1 - Business': 1000,
'Level 1 - Personal': 1000,
'Level 3 - Business': 48000, # 6 months combined expenses
},
# Obligations
{
'January 2025 Debt': 35000,
}
]
}

Create the DataFrame

financial_df = pd.DataFrame(data)

Calculate total balances

total_gbp = 5522.12 + 0.00 + 179.19 + 8446.87 + 894.50 - 28025.90
total_eur = 0.00
total_usd = 0.00

Calculate total monthly expenses

total_monthly_expenses = 1000 + 1000 + 500 + 1500 + 1500 + 1500 + 800 + 500 + 500 + 250 + 250

Calculate remaining balance after expenses (assuming only GBP)

remaining_balance_after_expenses = total_gbp - total_monthly_expenses

Adding calculated values to the summary

summary_data = {
'Category': ['Financial Summary'],
'Details': [
{
'Total Balance (GBP)': total_gbp,
'Total Balance (EUR)': total_eur,
'Total Balance (USD)': total_usd,
'Total Monthly Expenses (GBP)': total_monthly_expenses,
'Remaining Balance After Expenses (GBP)': remaining_balance_after_expenses,
}
]
}

Append the summary to the DataFrame

summary_df = pd.DataFrame(summary_data)
financial_df = pd.concat([financial_df, summary_df], ignore_index=True)

import ace_tools as tools; tools.display_dataframe_to_user(name="Financial Overview", dataframe=financial_df)

financial_df
`

v7 instead of sheets move back to blog post

and add questions to answer

• Can you project next year's savings?

[Task: Create a blog post detailed analysis ]

[Task: Mention the the data]

[Task: Generate the numbers]

[Task : Forecast financial status in next 12 months ]

[Context: Preparing financial analysis mention]

[Format: Spread Sheet]

[Persona: Financial asistant]

[Tone: Engaging and persuasive]

[Exemplar: 1- Account Balances 2-Monthly Expenses 3-Income 4-Debt Repayment 5-Milestones 6-Emergency Funds 7-Obligations]

[Data: ]

>> UPDATES >>> INPUT STARTS GPT

Financial Overview: July 2024

insights into account balances, monthly expenses, and debt repayment plans.

Account Balances

As of July 2024, here’s a summary of my account balances:

• Personal Starling Account: £5,522.12

• Business ** Starling Account**: £0.00

• Main Starling Account: £179.19

• Euro Starling Account: €0.00

• US Dollar StarlingAccount: $0.00

• HSBC Personal Bank Account: £8,446.87

• HSBC Personal GIC GIA Uninvested Cash Account: £0.00

• HSBC Personal Loan: -£28,025.90

• HSBC ** Personal INVDIRECT**: £0.00

• HSBC Personal GIC Investments: £0.00

• HSBC Business C/A: £894.50

• HSBC Commercial Card: £0.00

Monthly Expenses

Monthly expenses are crucial to track to ensure financial stability. Here are my major monthly expenses:

• Business

Studio: £1,000

• Corporate Tax: £1,000( Ends 12 months , a new term Restarts in January)

• Mashups :£500

• Personal

Nursery: £1,500

• Rent (Home): £1,500

• Self Tax: £1,500 ( Ends in August , Restarts in January)

• HSBC Debt Payment: £800

• Utilities: £500

• Food: £500

• Additional Expenses: Travel expenses around 250 pounds a month. Insurances 250 a month

Income

Income Variability: New side contracts can add around 80k per year.

• Week days work £6.000 ** (GBP) ( taxed in to personal account )**

• Weekends work £1.000 (GBP) ( not taxed in to business account )

• Weekdays work £500 ** (GBP) ( taxed in to personal account )**[partner]

Financial Summary

Combining the account balances and monthly expenses gives a comprehensive picture of my financial health:

• Total Balance (GBP): [calculate]

• Total Balance (EUR): [calculate]

• Total Balance (USD): [calculate]

• Total Monthly Expenses (GBP): [calculate]

• Remaining Balance After Expenses (GBP): [calculate]

Debt Repayment Plan

One of the significant financial commitments is the HSBC debt:

• HSBC Personal Loan Debt: £28,025.90 34 more months to go from July 2024

Monthly Payment: £800

• Months to Pay off HSBC Debt: Approximately 35 months

• Personal Tax

1 month to go to pay 1500

• Corporate Tax

10 month to go to pay 1000

• Debt Repayment Strategy: £35,000 obligation in January 2025 would be bundedles into monthly tax payments of 1000 from business 1500 from personal.

Milestones

• 8.2024 Mira Citizenship Result

• 9.2024 Ece ILR Application

• 10.2024 Erdem Citizenship Result

• 12.2024 Ece ILR Result

Milestones Impact: citizenship of Erdem would result in more stable job offers in EU. ILR results would lead into freedom of movement for the family.

Emergency Funds

• 1000 business level 1

• 1000 personal level 1

• 48k needed for level 3 business ( 6 months combined expenses )

Savings Goals: We would like to be able to implement Ramsey baby steps formula and build emergency funds after paying off debt

Upcoming Financial Obligations

In addition to the current expenses and debts, I have a significant financial obligation coming up:

• £35,000 debt due in January 2025 (2023-2024 Taxes)

Conclusion

Managing finances requires careful planning and regular monitoring. By keeping track of account balances, monthly expenses, and debt repayments, it is possible to maintain financial stability and plan for future obligations effectively.

v8 > directly update newt to it

Financial Overview: July 2024

This financial analysis offers a detailed insight into account balances, monthly expenses, income, and debt repayment plans, projecting the financial status for the next 12 months.

Account Balances

As of July 2024, here’s a summary of the account balances:

• Personal Starling Account: £5,522.12

• Business Starling Account: £0.00

• Main Starling Account: £179.19

• Euro Starling Account: €0.00

• US Dollar Starling Account: $0.00

• HSBC Personal Bank Account: £8,446.87

• HSBC Personal GIC GIA Uninvested Cash Account: £0.00

• HSBC Personal Loan: -£28,025.90

• HSBC Personal INVDIRECT: £0.00

• HSBC Personal GIC Investments: £0.00

• HSBC Business C/A: £894.50

• HSBC Commercial Card: £0.00

Monthly Expenses

Tracking monthly expenses is crucial to ensure financial stability. Here are the major monthly expenses:

Business

• Studio: £1,000

• Corporate Tax: £1,000 (Ends in 12 months, new term restarts in January)

• Mashups: £500

Personal

• Nursery: £1,500

• Rent (Home): £1,500

• Self Tax: £1,500 (Ends in August, restarts in January)

• HSBC Debt Payment: £800

• Utilities: £500

• Food: £500

• Additional Expenses: £250 (Travel) + £250 (Insurance)

Income

Income sources vary, and new side contracts can add around £80,000 per year.

• Weekdays Work: £6,000 (taxed into personal account)

• Weekends Work: £1,000 (not taxed into business account)

• Partner's Weekdays Work: £500 (taxed into personal account)

Financial Summary

Combining account balances and monthly expenses provides a comprehensive picture of financial health:

• Total Balance (GBP): £14,867.68

• Total Balance (EUR): €0.00

• Total Balance (USD): $0.00

• Total Monthly Expenses (GBP): £9,300

• Remaining Balance After Expenses (GBP): £5,567.68

Debt Repayment Plan

A significant financial commitment is the HSBC debt:

• HSBC Personal Loan Debt: £28,025.90 (34 more months from July 2024)

• Monthly Payment: £800

• Months to Pay off HSBC Debt: Approximately 35 months

Debt Repayment Strategy

A £35,000 obligation in January 2025 will be bundled into monthly tax payments of £1,000 from business and £1,500 from personal.

Milestones

Key upcoming milestones include:

• 8.2024: Mira Citizenship Result

• 9.2024: Ece ILR Application

• 10.2024: Erdem Citizenship Result

• 12.2024: Ece ILR Result

These milestones are expected to positively impact job stability and freedom of movement for the family.

Emergency Funds

Dave Ramsey baby step plan modified for business

• Business Level 1: £1,000

• Personal Level 1: £1,000

• Level 3 Business (6 months combined expenses): £48,000

Savings Goals

Implementing Ramsey's baby steps formula and building emergency funds after paying off debt is a primary goal.

Upcoming Financial Obligations

An upcoming significant financial obligation is the £35,000 debt due in January 2025 for the 2023-2024 taxes.

Forecast for the Next 12 Months

Income Projections

Assuming the income from new contracts and existing work remains stable, the projected annual income is around £80,000 + £78,000 (current income) = £158,000.

Expense Projections

Monthly expenses remain constant at £9,300, leading to an annual expense of £111,600.

Debt Reduction

With consistent payments of £800 monthly, the HSBC debt will reduce by £9,600 over the next 12 months.

Account Balances

With a monthly saving of remaining balance after expenses (£5,567.68), the projected total savings for the next 12 months would be £66,812.16, excluding income growth and additional expenses.

Conclusion

Managing finances with a strategic approach towards income, expenses, and debt repayments will help in achieving financial stability. Regular monitoring and adjustments based on actual financial performance are essential for future financial health.

• it is not possible to survive in the west as a single bread winner even at good rates

• As an immigrant there is zero sum game

Spreadsheet Summary

CategoryAmountTotal Balance (GBP)£14,867.68Total Balance (EUR)€0.00Total Balance (USD)$0.00Total Monthly Expenses (GBP)£9,300Remaining Balance After Expenses (GBP)£5,567.68Projected Annual Income£158,000Projected Annual Expense£111,600HSBC Debt Reduction (12 months)£9,600Projected Total Savings (12 months)£66,812.16

By maintaining this financial overview, setting realistic goals, and making informed decisions, the financial outlook for the next year appears promising.

v9 > Convert to webpage and test

easier to convert to pdf and save it for future input

july reportDownload

prompt >>> convert to a web page use #0086D4 #F89D21 >

v9Download

v10 add rationale >

Financial Overview: July 2024

This financial analysis offers a detailed insight into account balances, monthly expenses, income, and debt repayment plans, projecting the financial status for the next 12 months.

Account Balances

As of July 2024, here’s a summary of the account balances:

• Personal Starling Account: £5,522.12

• Business Starling Account: £0.00

• Main Starling Account: £179.19

• Euro Starling Account: €0.00

• US Dollar Starling Account: $0.00

• HSBC Personal Bank Account: £8,446.87

• HSBC Personal GIC GIA Uninvested Cash Account: £0.00

• HSBC Personal Loan: -£28,025.90

• HSBC Personal INVDIRECT: £0.00

• HSBC Personal GIC Investments: £0.00

• HSBC Business C/A: £894.50

• HSBC Commercial Card: £0.00

Monthly Expenses

Tracking monthly expenses is crucial to ensure financial stability. Here are the major monthly expenses:

Business

• Studio: £1,000 ( recording space / could be merged to a garage and save on internet and electric )

• Corporate Tax: £1,000 (Ends in 12 months, new term restarts in January) ( could declare everything in the videos as expenses )

• Mashups: £500 ( work on AI and stay marketable )

Personal

• Nursery: £1,500 ( ends in12 months this is after goverment support )

• Rent (Home): £1,500 ( did not increase it can increase at any time )

• Self Tax: £1,500 (Ends in August, restarts in January)

• HSBC Debt Payment: £800 ( blocks future loans )

• Utilities: £500 ( electric,internet )

• Food: £500 (eating at home, and meal deals)

• Additional Expenses: £250 (Travel) + £250 (Insurance)

Income

Income sources vary, and new side contracts can add around £80,000 per year.

• Weekdays Work: £6,000 (taxed into personal account)

• Weekends Work: £1,000 (not taxed into business account)

• Partner's Weekdays Work: £500 (taxed into personal account)

Financial Summary

Combining account balances and monthly expenses provides a comprehensive picture of financial health:

• Total Balance (GBP): £14,867.68

• Total Balance (EUR): €0.00

• Total Balance (USD): $0.00

• Total Monthly Expenses (GBP): £9,300

• Remaining Balance After Expenses (GBP): £5,567.68

Debt Repayment Plan

A significant financial commitment is the HSBC debt:

• HSBC Personal Loan Debt: £28,025.90 (34 more months from July 2024)

• Monthly Payment: £800

• Months to Pay off HSBC Debt: Approximately 35 months

Debt Repayment Strategy

A £35,000 obligation in January 2025 will be bundled into monthly tax payments of £1,000 from business and £1,500 from personal.

Milestones

Key upcoming milestones include:

• 8.2024: Mira Citizenship Result

• 9.2024: Ece ILR Application

• 10.2024: Erdem Citizenship Result

• 12.2024: Ece ILR Result

These milestones are expected to positively impact job stability and freedom of movement for the family.

Emergency Funds

Dave Ramsey baby step plan modified for business

• Business Level 1: £1,000

• Personal Level 1: £1,000

• Level 3 Business (6 months combined expenses): £48,000

Savings Goals

Implementing Ramsey's baby steps formula and building emergency funds after paying off debt is a primary goal.

Upcoming Financial Obligations

An upcoming significant financial obligation is the £35,000 debt due in January 2025 for the 2023-2024 taxes.

Forecast for the Next 12 Months

Income Projections

Assuming the income from new contracts and existing work remains stable, the projected annual income is around £80,000 + £78,000 (current income) = £158,000.

Expense Projections

Monthly expenses remain constant at £9,300, leading to an annual expense of £111,600.

Debt Reduction

With consistent payments of £800 monthly, the HSBC debt will reduce by £9,600 over the next 12 months.

Account Balances

With a monthly saving of remaining balance after expenses (£5,567.68), the projected total savings for the next 12 months would be £66,812.16, excluding income growth and additional expenses.

Conclusion

Managing finances with a strategic approach towards income, expenses, and debt repayments will help in achieving financial stability. Regular monitoring and adjustments based on actual financial performance are essential for future financial health.

• it is not possible to survive in the west as a single bread winner even at good rates

• As an immigrant there is zero sum game

Spreadsheet Summary

CategoryAmountTotal Balance (GBP)£14,867.68Total Balance (EUR)€0.00Total Balance (USD)$0.00Total Monthly Expenses (GBP)£9,300Remaining Balance After Expenses (GBP)£5,567.68Projected Annual Income£158,000Projected Annual Expense£111,600HSBC Debt Reduction (12 months)£9,600Projected Total Savings (12 months)£66,812.16

By maintaining this financial overview, setting realistic goals, and making informed decisions, the financial outlook for the next year appears promising.

[Task: Create a blog post detailed analysis ]

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[Task : Forecast financial status in next 12 months ]

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[Exemplar: 1- Account Balances 2-Monthly Expenses 3-Income 4-Debt Repayment 5-Milestones 6-Emergency Funds 7-Obligations]

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v10Download

with pdf upload there are the images that are coming up

https://chatgpt.com/c/c7297fe5-8fd9-4b77-9811-6ce61ecc6d59

I understand why video production and horizontal view is important to convey a story line.!

Imported from rifaterdemsahin.com · 2024