Free: Financial Independence spreadsheet

Very few books have changed the way I think as much as “Your Money or Your Life”.

I have developed an Excel spreadsheet to help me and my friends stay on top of our personal finances following the steps outlined in the book “Your Money or Your Life”. You can download it here: Your money or your life spreadsheet.

This post will describe what the spreadsheet does.

Your money or your life steps

Home tab

Nothing much, just a splashscreen:

Become financially independent

Lifetime earnings

Lifetime earnings

This step consists of listing all the income you have generated throughout your life.

This step makes you realize that you can actually generate income but that if you mismanage it you don’t have much left.

Which brings us to the next tab.

Personal balance sheet

Personal balance sheet

This step asks you to list everything you currently own or owe. You may realize that you actually own more than you expected 🙂

True hourly wage

True hourly wage

This step looks at the time and money you spend for work related activities and how much you have at the end of the month.

You end up with a dollar per hour figure that can help you make buying decisions: “This restaurant will cost us $50, it represents 2 hours of work, is it worth it? Can we have a similar enjoyable experience somewhere cheaper?”.

Expense tracking

Expense tracking

This step is about tracking every cents you spend every day for 30 days. This will raise your awareness of where your money goes.

No judging just tracking.

Expense adjustments

After one month of diligent expense tracking, you can go to the next tab, Expense adjustments:

Expense adjustments

After your expenses have been grouped, you judge whether the money you spent in each category was well spent. This will guide you to find where you should spend more of your money and where you should spend less (coffees everyday?).

Time to financial independence

And finally, the last step of the spreadsheet is about tracking how far you are from the crossover point, the point where your capital interests are higher than your living expenses.

Financial independence

I found this spreadsheet very useful for my personal use and I hope someone else reading this blog will find it useful as well!



  • Joe

    Wow this is really amazing! How do I add new rows to the Personal Balance Sheet liabilities section though?

    • Aymeric

      You need to right click on the row number of the last liability and click insert.

  • Pingback: Getting to Financial Independence with Excel | Evan M Rose

  • Carla Frett

    Don’t you think that spreadsheets are gone older and some new techniques needs to be deployed in terms of the financial part which can be manageable from remote locations as well. The world has gone automated and hence with the same is the apps and tools.

    I am personally using the cloud based expense reporting software and apps from Replicon – that has ultimate feature for the better expense reporting and structuring. It comes with the hassle free experience and helps manage the expenses ongoing as well as the upcoming and past too with the automated form.

  • Steve Miller

    Why use spreadsheets when you can use a free app that does this: Personal Capital (

    And what’s saving for retirement without a little fun? You can use the Count Us Down app ( to countdown the days until you are financially independent!

  • Janine Ogg

    are these links still available? They don’t seem to be working is it just me? !!!

    • Aymeric

      Which link doesn’t work?

      • Vicki Robin

        none of the links to sheets on this page work, can you re-post so the links are refreshed

  • Vicki Robin

    Also, could this be done as an app?

    • Aymeric

      It would take me too long, but you can probably hire a software developer to do it for you.