Understanding and Tracking Your Finances with a Spreadsheet

Let’s say you want to start investing, creating an emergency fund, making provisions for current and future expenses, saving towards a goal, understanding your current financial position, and planning for the future. How do you keep track of your finances? How do you identify your expense pain points? While there are applications that can help with this, it’s important to have a thorough understanding of your financial standing through a spreadsheet that you create yourself. Everyone’s situation is different, but there is a foundation that we can all start from.

Cryptoassets as National Currency? A Step Too Far

New digital forms of money have the potential to provide cheaper and faster payments, enhance financial inclusion, improve resilience and competition among payment providers, and facilitate cross-border transfers.

But doing so is not straightforward. It requires significant investment as well as difficult policy choices, such as clarifying the role of the public and private sectors in providing and regulating digital forms of money.

Some countries may be tempted by a shortcut: adopting cryptoassets as national currencies. Many are indeed secure, easy to access, and cheap to transact. We believe, however, that in most cases risks and costs outweigh potential benefits.

Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction

Prices for stocks, corporate bonds, and other risk assets have risen higher on the news of vaccine rollouts. Financial markets have shrugged off rising COVID-19 cases, betting that continued policy support will offset any bad economic news in the short term and provide a bridge to the future. As the apparent disconnect between exuberant financial markets and the still-lagging economic recovery persists, it raises the specter of a possible market correction should investors reassess the economic outlook or the extent and duration of policy backstop.

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