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

Thanks for visiting.”

 

– Owen

Attention Financial Voyeurs! See Our 2018 Family Budget

Attention Financial Voyeurs! See Our 2018 Family Budget

I’m not sure what it is, but I love reading about other peoples’ personal finances.

Maybe it’s because talking about our personal finances is somewhat taboo.

Or maybe it’s because I’m a personal finance geek and I love to see how other people organize their financial life.

Whatever the reason, I love learning about another person’s finances.

Because I know there are other personal finance “voyeurs” our there I thought it would be fun to share a bit myself. In this blog post I’m going to give you a glimpse at my own personal finances and share my family’s budget for 2018.

Three times a year my wife and I sit down and review our financial plan. We go over our investments, our asset allocation, our income and our expenses. We make small changes and tweaks to ensure we stay on track with our overall financial plan. Having a solid budget is an important tool for achieving your financial goals.

So, without further delay, here is my family budget for 2018.

read more
Creating A Budget? Focus On The Big Stuff

Creating A Budget? Focus On The Big Stuff

When creating a budget, it can be very tempting to get into the nitty gritty right off the bat. Don’t fall into this trap!

The majority of our spending is driven by just a couple of things, accidentally focusing on the small stuff can be a real time waster. Even worse, spending too much time on the small stuff can be very frustrating, it could cause you to abandon your budget all together.

When you look at average household spending are certain patterns that emerge. Some budget categories are very small and some are very large. This obviously varies from person to person but in on average the trend is very clear. There are just three budget categories that make up almost 70% of annual spending.

Those three categories are housing, transportation and food.

When you’re trying to balance your budget, it helps to focus on these three categories first.

Why?

Improvements in these three categories will give you the biggest savings for your effort.

These three categories represent the “big stuff”. They make up the majority of your spending. Even a small improvement here can make a big difference to your overall budget.

As a bonus, improvements made in these three categories are easier to maintain. After making a change its typically easier to sustain spending reductions when it’s in housing, transportation and food.

read more
How To Make A Budget

How To Make A Budget

Let’s admit it, budgeting is a skill. Some of us were born budgeters. The rest of us need to work at it. For some of us it’s something we need to work hard at.

Natural budgeters can control their spending without needing a budget at all. For the rest of us, we need to have a budget to keep our spending in check.

Having a budget keeps your spending under control. Controlling your spending will let you save a bit of money each month and saving money on a regular basis is the cornerstone of a healthy financial life.

Budgeting can seem difficult (or even impossible) if you don’t follow the right steps.

If you make a budget the wrong way, you’ll find yourself always overspending each month. By making a budget the right way, you’ll have a better chance of hitting your budget each month.

How to make a budget the right way involves a bit of prep work. That prep work is essential if you want to build a good budget.

read more
Page 9 of 22...7891011...

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.

C

Attention Financial Voyeurs! See Our 2018 Family Budget

Attention Financial Voyeurs! See Our 2018 Family Budget

I’m not sure what it is, but I love reading about other peoples’ personal finances.

Maybe it’s because talking about our personal finances is somewhat taboo.

Or maybe it’s because I’m a personal finance geek and I love to see how other people organize their financial life.

Whatever the reason, I love learning about another person’s finances.

Because I know there are other personal finance “voyeurs” our there I thought it would be fun to share a bit myself. In this blog post I’m going to give you a glimpse at my own personal finances and share my family’s budget for 2018.

Three times a year my wife and I sit down and review our financial plan. We go over our investments, our asset allocation, our income and our expenses. We make small changes and tweaks to ensure we stay on track with our overall financial plan. Having a solid budget is an important tool for achieving your financial goals.

So, without further delay, here is my family budget for 2018.

read more
Creating A Budget? Focus On The Big Stuff

Creating A Budget? Focus On The Big Stuff

When creating a budget, it can be very tempting to get into the nitty gritty right off the bat. Don’t fall into this trap!

The majority of our spending is driven by just a couple of things, accidentally focusing on the small stuff can be a real time waster. Even worse, spending too much time on the small stuff can be very frustrating, it could cause you to abandon your budget all together.

When you look at average household spending are certain patterns that emerge. Some budget categories are very small and some are very large. This obviously varies from person to person but in on average the trend is very clear. There are just three budget categories that make up almost 70% of annual spending.

Those three categories are housing, transportation and food.

When you’re trying to balance your budget, it helps to focus on these three categories first.

Why?

Improvements in these three categories will give you the biggest savings for your effort.

These three categories represent the “big stuff”. They make up the majority of your spending. Even a small improvement here can make a big difference to your overall budget.

As a bonus, improvements made in these three categories are easier to maintain. After making a change its typically easier to sustain spending reductions when it’s in housing, transportation and food.

read more
How To Make A Budget

How To Make A Budget

Let’s admit it, budgeting is a skill. Some of us were born budgeters. The rest of us need to work at it. For some of us it’s something we need to work hard at.

Natural budgeters can control their spending without needing a budget at all. For the rest of us, we need to have a budget to keep our spending in check.

Having a budget keeps your spending under control. Controlling your spending will let you save a bit of money each month and saving money on a regular basis is the cornerstone of a healthy financial life.

Budgeting can seem difficult (or even impossible) if you don’t follow the right steps.

If you make a budget the wrong way, you’ll find yourself always overspending each month. By making a budget the right way, you’ll have a better chance of hitting your budget each month.

How to make a budget the right way involves a bit of prep work. That prep work is essential if you want to build a good budget.

read more
Page 9 of 22...7891011...

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