“Welcome to the PlanEasy blog! We make personal finance easy.

Thanks for visiting.”

– Owen

Why We Choose To Spend Our Money On Freedom

Why We Choose To Spend Our Money On Freedom

What do you prefer to spend your money on? Cars, houses, vacations? Everyone spends their money differently. Some people enjoy nice cars, large houses, the latest clothes or gadgets, luxurious vacations, food, wine, restaurants, the list is endless.

But for some of us, we like to spend our money a different way. Some of us like to slowly buy more and more freedom, flexibility, and time.

Like other ways to spend money, buying freedom is a personal choice, but it’s the right trade-off for us. We don’t value expensive cars, or large houses, or expensive clothes, but what we do value is freedom, flexibility, and time.

read more
Achievement Unlocked! 30 Personal Finance Achievements You Need To Unlock

Achievement Unlocked! 30 Personal Finance Achievements You Need To Unlock

When it comes to personal finance there are many different milestones, and each one is its own individual achievement. Personal finance is full of achievements you need to ‘unlock’ to be successful. The more achievements you unlock, the more success you’ll have at building wealth.

To ‘win’ the money game you need to hit certain milestones along the way. Some achievements are necessary before you can move forward in the game. Others enable you to accelerate your wealth even faster. And then there are some achievements that are just interesting check points along the way.

Here are 30 personal finance achievements you need to unlock!

How many have you unlocked already?

read more
How Much Does Your Vehicle Actually Cost Each Year?

How Much Does Your Vehicle Actually Cost Each Year?

How much does your vehicle actually cost each year? It’s likely more than you think. With insurance, gas/fuel, maintenance, licensing, future upgrades etc. the list of vehicle related expenses is quite long.

As a general rule of thumb, the average household spends about 15% of their net income on transportation. That’s a lot of money! That basically means 15% of our working lives is dedicated to spending on transportation.

If the average family with children has net income of around $105,000 per year in Canada, that means the average family is spending approximately $15,750 per year on transportation costs!

If that spending carries forward into retirement, that $15,750 per year in annual spending would require a nest egg of $393,750 just to support the same level of spending in retirement.

So, not only will this family spend $15,750 per year on transportation, but they’ll also need to save up $393,750 before retirement to support that spending in the future too!

Spending $15,750 per year on transportation might seem like a lot of money, but as we’ll see, it’s pretty easy to get there depending on the choices you make…

read more

Owen Winkelmolen

Fee-for-service financial planner and founder of PlanEasy.ca

“Welcome to the PlanEasy blog! We make personal finance easy.

Thanks for visiting.”

– Owen

New blog posts weekly!

Tax planning, benefit optimization, budgeting, family planning, retirement planning and more...

Why We Choose To Spend Our Money On Freedom

Why We Choose To Spend Our Money On Freedom

What do you prefer to spend your money on? Cars, houses, vacations? Everyone spends their money differently. Some people enjoy nice cars, large houses, the latest clothes or gadgets, luxurious vacations, food, wine, restaurants, the list is endless.

But for some of us, we like to spend our money a different way. Some of us like to slowly buy more and more freedom, flexibility, and time.

Like other ways to spend money, buying freedom is a personal choice, but it’s the right trade-off for us. We don’t value expensive cars, or large houses, or expensive clothes, but what we do value is freedom, flexibility, and time.

read more
Achievement Unlocked! 30 Personal Finance Achievements You Need To Unlock

Achievement Unlocked! 30 Personal Finance Achievements You Need To Unlock

When it comes to personal finance there are many different milestones, and each one is its own individual achievement. Personal finance is full of achievements you need to ‘unlock’ to be successful. The more achievements you unlock, the more success you’ll have at building wealth.

To ‘win’ the money game you need to hit certain milestones along the way. Some achievements are necessary before you can move forward in the game. Others enable you to accelerate your wealth even faster. And then there are some achievements that are just interesting check points along the way.

Here are 30 personal finance achievements you need to unlock!

How many have you unlocked already?

read more
How Much Does Your Vehicle Actually Cost Each Year?

How Much Does Your Vehicle Actually Cost Each Year?

How much does your vehicle actually cost each year? It’s likely more than you think. With insurance, gas/fuel, maintenance, licensing, future upgrades etc. the list of vehicle related expenses is quite long.

As a general rule of thumb, the average household spends about 15% of their net income on transportation. That’s a lot of money! That basically means 15% of our working lives is dedicated to spending on transportation.

If the average family with children has net income of around $105,000 per year in Canada, that means the average family is spending approximately $15,750 per year on transportation costs!

If that spending carries forward into retirement, that $15,750 per year in annual spending would require a nest egg of $393,750 just to support the same level of spending in retirement.

So, not only will this family spend $15,750 per year on transportation, but they’ll also need to save up $393,750 before retirement to support that spending in the future too!

Spending $15,750 per year on transportation might seem like a lot of money, but as we’ll see, it’s pretty easy to get there depending on the choices you make…

read more

New blog posts weekly!

Tax planning, benefit optimization, budgeting, family planning, retirement planning and more...

New blog posts weekly!

Tax planning, benefit optimization, budgeting, family planning, retirement planning and more...

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