Our strategy around budgeting is focused on making ourselves accountable by understanding four aspects of our lives including our lifestyle, debt, expenses and savings goals. By improving our awareness of these aspects we have been able to set and achieve our goals. Our budgeting system is simple, we:
Step 1: Enter our income, debts, savings goals and expenses into our Annual Budget spreadsheet which then determines a ‘luxuries figure’ we can comfortably spend.
Step 2: Enter our luxury purchases into our Monthly Budget to ensure we’re not compromising our savings goals and are able to meet our debt and expense repayments.
By spending less than 10 hours a year we have been able to achieve our goals and most importantly we don’t let money worries consume our lives (making it easier to keep a house clean and organised because we have eliminated a common life stress).
What you will receive:
- Our formulated and automated “Annual” spreadsheet which will help you determine your very own ‘luxuries’ figure.
- Our formulated and automated “Monthly” spreadsheet which will allow you to track your expenses and provide a visual of where your money is going.
- Detailed instructions, live examples and figures on how to use both tools provided.
- Everything we’ve learnt about finances along the way, tips and tricks we use to save, an explanation on how we manage our money, set up our bank accounts and budget for the future.