The word budget typically has a negative connotation to it. After all, it’s a restriction to a limited resource (money). A budget is really just one tool in the personal finance toolbox for following a plan. But if money is limited, how can you budget for happiness?
I decided to make some significant changes to my Emergency Fund this month. Here’s my reasoning and decision, plus an updated section to my Charter describing my new plan.
On the way home from the hospital last week, we stopped to have a celebratory brunch at the International House of Pancakes. This time we went a bit overboard! Here’s the story of my $1,227 pancake breakfast.
As a daily Quicken 2016 Premier user, I upgraded to Quicken 2017 this week. The changes aren’t very significant but I chose to upgrade anyway and take a look. So here’s my Quicken 2017 review with my thoughts about the latest version. I’ve also updated my Income Portfolio Morningstar X-Ray and Credit Score too.
Continue reading “Quicken 2017 review”
Financial independence can be a long, boring (ideally!) but also rewarding path. Here’s a look at some useful metrics to keep motivated along the way.
It’s past time for my bi-yearly budget review to accommodate any changes since I updated Budget 4.0 at the start of the year. The updated 2016 budget allows small course corrections to take account of changes to living expenses. Since it’s a mid-year adjustment, I’m not increasing the overall amount. But there are changes nonetheless and I’ve had to adjust my Savings philosophy to some extent.
I was reading my local newspaper this weekend and the headline was about a 10% hike in the water rates this year. Which made my brain cell stop and think, “Say what? Isn’t inflation under 2%“? In turn that made me question if the standard inflation numbers are even important to begin with. I decided that they aren’t – here’s why.
As part of the ongoing simplification & optimization of my personal finances, I’ve made some changes to how I route money between my various accounts. But I thought it’d be worth looking at how I arrived at my individual solution, starting at the beginning, some 16 years ago.
I’ve been procrastinating on updating my income target goals but I finally decided to get it done. What are the numbers? Read on to find out!
Continue reading “The long road ahead to my FI cross-over point”