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

Thanks for visiting.”

 

– Owen

Finding Financial Balance

Finding Financial Balance

Managing your finances is all about finding balance. There are obvious things you need to balance, like everyone needs to balance their budget, but finding financial balance goes way beyond that. You need to balance risk vs reward, you need to balance debt vs income, you also need to balance between spending and saving.

Finding the right balance between spending and saving can be tough. The national household savings rate was just 4.3% in the last quarter. That’s quite a bit below the recommended 20% savings rate. Of course, the right balance for you will depend on your unique situation and your unique goals.

It can be very easy to tip to one side or the other. Tipping too far to one side can lead to trouble.

Spending too much is fun today but it jeopardizes your future.

Saving too much might be great for your future but it can make you miserable today.

Finding the right financial balance will ensure that you’re happy today AND in the future. Finding the right spending vs saving balance can be difficult, but there are ways to find the right balance.

read more
4 Investment Planning ‘Must Haves’ For Every Investor

4 Investment Planning ‘Must Haves’ For Every Investor

Do you have an investment plan? Do you know what an investment plan is? Did you know that an investment plan can save you $1,000’s and keep you sane during a downturn?

Why do you need an investment plan?

Having an investment plan is critical for every investor because we’re not always the rational, logical, disciplined investors we’d like to be. We’re emotional. We fear loss. We suffer from behavioural traps.

The performance of individual investors has been repeatedly shown to lag the index they invest in.

read more
Living Small and Saving Big

Living Small and Saving Big

Living small is a great way to save money. Today we’ve got a guest post on 1500 Days To Freedom about how our family of four lives in just 1,000 square feet.

1500 Days To Freedom is a blog written by Mr.1500 (he blogs anonymously). The blog is about his family’s goal to achieve financial independence by amassing $1,000,000 of investments in just 1500 days. Check out our guest post about living small and please make sure to check out the rest of the site too!

In the guest post you’ll find a detailed layout of our house. We live in a three bedroom bungalow that measures just 40ft by 25ft. We have a full size kitchen, living room and dining room but our bedrooms range from just ~80 square feet to ~120 square feet.

We chose to live small for many reasons, all of which are covered in the post, but one important reason was that it lets us save big. Our annual housing costs are approximately $15,000 lower than other family homes in our area.

Living small also allowed us to buy a house in a great location. This helps us save big on transportation every year.
In total, for both housing and transportation, our annual budget is only $13,220 per year.

read more
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Owen Winkelmolen

Financial planner, personal finance geek and founder of PlanEasy.

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

Thanks for visiting.”

 

– Owen

Join our online community!

Community members get (free!) access to our budgeting spreadsheet.

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Finding Financial Balance

Finding Financial Balance

Managing your finances is all about finding balance. There are obvious things you need to balance, like everyone needs to balance their budget, but finding financial balance goes way beyond that. You need to balance risk vs reward, you need to balance debt vs income, you also need to balance between spending and saving.

Finding the right balance between spending and saving can be tough. The national household savings rate was just 4.3% in the last quarter. That’s quite a bit below the recommended 20% savings rate. Of course, the right balance for you will depend on your unique situation and your unique goals.

It can be very easy to tip to one side or the other. Tipping too far to one side can lead to trouble.

Spending too much is fun today but it jeopardizes your future.

Saving too much might be great for your future but it can make you miserable today.

Finding the right financial balance will ensure that you’re happy today AND in the future. Finding the right spending vs saving balance can be difficult, but there are ways to find the right balance.

read more
4 Investment Planning ‘Must Haves’ For Every Investor

4 Investment Planning ‘Must Haves’ For Every Investor

Do you have an investment plan? Do you know what an investment plan is? Did you know that an investment plan can save you $1,000’s and keep you sane during a downturn?

Why do you need an investment plan?

Having an investment plan is critical for every investor because we’re not always the rational, logical, disciplined investors we’d like to be. We’re emotional. We fear loss. We suffer from behavioural traps.

The performance of individual investors has been repeatedly shown to lag the index they invest in.

read more
Living Small and Saving Big

Living Small and Saving Big

Living small is a great way to save money. Today we’ve got a guest post on 1500 Days To Freedom about how our family of four lives in just 1,000 square feet.

1500 Days To Freedom is a blog written by Mr.1500 (he blogs anonymously). The blog is about his family’s goal to achieve financial independence by amassing $1,000,000 of investments in just 1500 days. Check out our guest post about living small and please make sure to check out the rest of the site too!

In the guest post you’ll find a detailed layout of our house. We live in a three bedroom bungalow that measures just 40ft by 25ft. We have a full size kitchen, living room and dining room but our bedrooms range from just ~80 square feet to ~120 square feet.

We chose to live small for many reasons, all of which are covered in the post, but one important reason was that it lets us save big. Our annual housing costs are approximately $15,000 lower than other family homes in our area.

Living small also allowed us to buy a house in a great location. This helps us save big on transportation every year.
In total, for both housing and transportation, our annual budget is only $13,220 per year.

read more
Page 5 of 12...34567...

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