I’ve been tracking since September 2017. On a paper. Being aware how many times I go to grocery store and how much I spend on crap I don’t need. This allowed me to put money into things I have to pay, or want to pay. Leading to all my debts being paid off. PF has been a strong force for me, just reading of stories and getting to realize that at the age of 27 I need to plan for my future.
Then in October I started using YNAB which is great too.
Here’s how my budget looks like. To me it’s pretty neat, but I could use some ideas where to adjust.
Emergency fund 344,205
New laptop 344,205
Total Income 1700€.
My strategy for now is four-piece. First 10% into emergency fund, then 10% into savings. After that what ever I want to do or buy that month. In December that’s one gig and an hour in a sensory deprivation tank. Lastly I pay all the bills and budget for food and else. If there’s something left, I go back to beginning and put 10% into savings etc. Budgeting for a laptop is quite aggressive since I don’t have one and I need it for school. Around here we don’t have 401k’s and whatnot. I’ll look more deeply into retirement savings, and investing, after establishing emergency fund.
This plan follows mostly my spending habits past year, except the savings category.
What have I missed and where could I adjust? My goal is financial independency.