Our new software Financial Mappers Free is now available for all to use.
Our company, Plencore Wealth Ltd, has always tried to make Financial Mappers accessible and affordable for all.
Unfortunately, those most likely to need our help don’t have the money to spare and they probably think they don’t have sufficient money to require a Financial Plan. But everyone needs to know how to manage their money. To resolve this problem, Financial Mappers will provide a limited version of Financial Mappers free of charge.
Financial Mappers Free has the following features:
- Plans limited to 5 years (Full version plans can be up to 50 years)
- Reports are limited to 5 Basic Reports
- Plan Outcomes (Shows Assets & Liabilities, Income & Expenses, Statistics, Investment Profile and Asset Allocation)
- Plan Map (Road map of your plan)
- Plan Map Illustrated (Road map of your plan, illustrated with graphs and tables of information)
- Plan Summary (Gives a snapshot of how your plan is tracking)
- 5 Year Loan Report (Gives a detailed summary of your loans)
- No Limit of Plans
- Financial Literacy Program is provided and is the same as in the Full Version.
- No Modelling Tools to consider “What If scenarios”
How to Get Started
On the home page of Financial Mappers, use the link Click Here to Join.
From here, you select Subscribe.
With your New Subscription, under Type, select “Free Version (limited features)”
Note that you do not need to register a credit card as no payment is required. You will have the option to Upgrade to the Full Version at anytime and at which time you will be required to pay a fee using a credit card. There is no limit on how long you can use Financial Mappers Free.
Financial Literacy
Research shows that Financial Literacy Skills in Australia can be limited. Financial Mappers has created a Financial Literacy Program that will build your financial skills step by step. It is recommended that you commence with Lessons 1 to 6. There are about 30 short videos, approximately three minutes in length. The Tutorials are longer in length and more detailed in their information.
Budgeting
A very important part of money management is the ability to Budget. In Financial Mappers Free, you can create a detailed Budget using the ten categories. Within each category, list your expenses. Note that Expenses can be Optional. This gives you the option to make some of these items “Inactive”, if your Budget Expenses exceed your Income. If you want, you can change the costs on a year-by-year basis or let the expenses autofill to the end of the 5 years.
Management of Loans
Loans may be Principal and Interest Loans, Interest Only Loans, or a combination of the two. Here you can experiment with making additional loan payments, deciding which loans should be paid down quickly.
If you have Credit Card Debt, it is easy to build a Payment Schedule so that the debt can be eliminated as quickly as possible. This debt usually has the highest interest rate and no tax advantage, so it is usual to pay down this debt first.
Investment Targets
Having Financial Targets may help you focus on achieving those Targets. Using Financial Mappers Free, you can create a plan to see if you can reach those Targets in the next 5 years. If not, you may need to either save more, spend less or adjust your expectations.
Financial Mappers does not offer financial advice. The software simply allows you to create a financial plan and see the results of that plan based on your inputs. Financial Mappers does not sell or recommend financial products.
Please enjoy the magic of Financial Mappers Free! Click here to join.
Glenis Phillips SF Fin – Developer of Financial Mappers and Advice Online
Disclaimer: Financial Mappers does not have an Australian Services License, does not offer financial planning advice, and does not recommend financial products.
