An introduction to using Progress Tracker to track annual income and spending.
The MaxiFi progress tracker is a tool that helps you track the current-year income, fixed spending, and discretionary spending recommended by your financial plan. For example, if your plan shows that you have $60,123 of spending available for the current year, the progress tracker will allow you to track this spending as it occurs on a monthly basis. It also provides a download option to export your current year income and spending budgets to a spreadsheet if you wish to use it to create a do-it-yourself budget tracker in Excel.
Color codes in the progress tracker:
For income: Green = expected progress or more, Yellow = less than expected progress, Red = less than 1/2 expected progress
For spending: Green = expected progress or less, Yellow = more than expected progress, Red = 30% more than expected progress