PromptBase
🤖 GPT
With this prompt you can create a monthly personal finance budget including all your essential and non-essential expenses, in addition to setting a personal savings goal and adjusting your budget to this goal, budget summarizes it in a table for easier visualization. It gives you a table with practical ideas to manage to stick to your budget to achieve your financial goals. Finally, it gives you a table with some ideas on how to invest your annual savings, investment amount and expected profit.
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Updated: Over 1 month ago
Prompt Details
Model
Chat - GPT-3.5 (gpt-3.5-turbo)
Token size
436 ($0.00090 / call)
Example input
With the provided information, I need you to help me create a monthly budget to reduce my expenses and achieve a monthly savings goal of 5 % of my income. Please give me information on how much I could save in a year
Example output
Based on the information you provided, your total fixed monthly expenses amount to 630 USD, and your non-essential monthly expenses add up to 460 USD. This means that your total monthly expenses come to 1090 USD, which is more than your tax-free income of 1000 USD.
To reduce your expenses and achieve a monthly savings goal of 5% of your income, you could start by reviewing your non-essential expenses and identifying areas where you could cut back. For example, you could consider reducing your expenses on cigarettes, alcohol, restaurants, online subscription services, and leisure activities.
Assuming you could reduce your non-essential expenses by 150 USD per month, your total monthly expenses would be 940 USD, leaving you with 60 USD in savings per month (5% of your income).
Over the course of a year, this would mean that you could save 720 USD (60 USD per month x 12 months). While this may not seem like a large amount, it can add up over time and help you build a financial cushion for unexpected expenses or long-term goals.
As you can see from the table, your current monthly expenses total 1,090 USD, which is more than your tax-free income of 1,000 USD. To achieve your savings goal of 5% of your income, you would need to reduce your total monthly expenses to 940 USD by cutting back on your non-essential expenses. This would leave you with a monthly savings of 50 USD, which can help you build your financial cushion over time.