SRS: How do you manage your finances...
01-12-2012, 03:37 PM
#81
I don't use any tool.
Auto max out my fed 401K
Auto pay all monthly bills
Auto pay mortgage
Bi monthly deposit to 529 and mutual fund.
Keep X amount of emergency money in checking account
1 reward card that's paid of monthly, but we buy what we want. Neither my wife or I are big shoppers but we have some nice stuff.
Then as the savings amount grows I move some to my brokerage accounts to buy or trade.
I keep the max per year to contribute in Jan to my wife and my Roths.
Auto max out my fed 401K
Auto pay all monthly bills
Auto pay mortgage
Bi monthly deposit to 529 and mutual fund.
Keep X amount of emergency money in checking account
1 reward card that's paid of monthly, but we buy what we want. Neither my wife or I are big shoppers but we have some nice stuff.
Then as the savings amount grows I move some to my brokerage accounts to buy or trade.
I keep the max per year to contribute in Jan to my wife and my Roths.
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01-12-2012, 03:57 PM
#82
I use mint to track everything. Have been for over 2yrs. Very key to go through and properly categorize everything when you first set it up. I love that it can give me a full picture of everything in one easy place. Checking, savings, student loans, brokerage, 401k, and ira all at once. Used to use a xls to track recurring expesnse, but now its just all on autopay and i never even look at it. It doesnt change so i dont worry about it. I know i dont over or under pay expenses because i have my monthly budget on mint setup to account for my reoccuring expenses within a few dollars. I see that right on the front page. Just have the budget setup to be a little more so i dont get annoying emails about going over budget...
Since we are comparing size... My savings rate is an obscenely high number. I'd venture at over 90%. I work in Iraq though, so i currently have very low living expenses.
Since we are comparing size... My savings rate is an obscenely high number. I'd venture at over 90%. I work in Iraq though, so i currently have very low living expenses.
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01-12-2012, 07:28 PM
#87
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In the year 2006 I went through all my expenditures and categorized them. I pay for almost everything with my credit card (Free money1!!!!) so categorizing is easy.
I saw that I spent $460,381 on eating out and about $100,000 more in cash on booze.
After that I stopped reviewing my expenditures to avoid the shock of seeing how I spend my money.
I saw that I spent $460,381 on eating out and about $100,000 more in cash on booze.
After that I stopped reviewing my expenditures to avoid the shock of seeing how I spend my money.
Last edited by Faeflora; 01-12-2012 at 08:53 PM. Reason: I left ouyt a zero
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02-01-2012, 02:38 PM
#91
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Join Date: Dec 2008
Location: Kingston, Ontario
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So I am bringing this back.
Show some screenshots of your Excel files for those of you that have them. I am trying to setup a very good excel file with ideas refrenced from others. I think i have a pretty good basic setup here but others may have a better system. All of my cells that refer to other cell in the workbook (in other worksheets too) are referenced so updating it will be cake when things change.
I hope to set this up to look alot like MINT once I am done as I have more freedom to analize my data my own way with my own excel file.
To get this started, here is my current setup.
As I have time from completing some papers that im required to have to become certified as a C.E.T i will start going back in my online history and backlogging my budget tracking even though I wasnt working on a budget at all... should show some of my spending habits beyond what i can see in the last month.
Cheers,
Matt
Show some screenshots of your Excel files for those of you that have them. I am trying to setup a very good excel file with ideas refrenced from others. I think i have a pretty good basic setup here but others may have a better system. All of my cells that refer to other cell in the workbook (in other worksheets too) are referenced so updating it will be cake when things change.
I hope to set this up to look alot like MINT once I am done as I have more freedom to analize my data my own way with my own excel file.
To get this started, here is my current setup.
As I have time from completing some papers that im required to have to become certified as a C.E.T i will start going back in my online history and backlogging my budget tracking even though I wasnt working on a budget at all... should show some of my spending habits beyond what i can see in the last month.
Cheers,
Matt
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