You Need a Budget – YNAB (part 3)

Let’s do a little thought experiment here. I want you to think of a budget. Was the first thing in your mind a feeling of restriction, of some plan set in stone, never to be changed? That’s the classic idea people have when hearing the word budget. To opposite is true! If you budget that inflexible you will have a hard time. You budgeted 200 euros for groceries, and now you’ve spend 210. Oh my, that’s a disaster! What do I do? My budgeting life is over. Or is it? Budgeting is about staying the course by being flexible. Like…

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Volatility in the Stock Markets is Back

The last few weeks we’ve seen some more volatility in the stock markets. Is this time to worry? What should you do when stocks are bouncing up and down? In essence, you should probably do nothing. Just stick to the plan. If you don’t have a plan, make one then stick to it. Even in though times. Markets go through cycles. Though times are always coming, and since we can’t predict when they’ll come it’s better to just don’t worry about it. If the recent volatility has you worried, you might have to switch to a slightly less aggressive investment…

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bunq-gastblog

Is samenwonen fiscaal voordeliger?

Vriendin en ik wonen inmiddels zo’n anderhalf jaar samen. We hebben toen bewust gekozen om geen fiscaal partners te worden. In onze situatie was dat niet bepaald voordelig, en dat heeft te maken met het flinke inkomensverschil dat wij hebben. In sommige gevallen is fiscaal partnerschap echter wel voordeliger. Hoe dat zit lees je in dit blog van onze partner bunq.

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You Need a Budget – YNAB (part 2)

When you start budgeting, you should embrace your true expenses. In this article I show how you can budget for irregular or large infrequent expenses using YNAB. Often these expenses are what make people stop budgeting altogether, complaining “it doesn’t work”. There is however a very easy way to budget for these expenses. Just click the link and read the article. It will be of help. Read the full article here. Best, B

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You Can’t Predict But You Can Prepare

You can’t predict the future. Not in life, not in finance. If you could, you would be a multimillionaire and probably not reading this blog. But what you can do is prepare. Preparation for multiple likely scenarios will set you up for succes. For example, in personal finance, you will never know what the stock market will do. But you do know that when you save 40% of your income, and invest that money, you will likely come out way ahead of your peers. Luck is when preparation meets opportunity. All of us get opportunities. So be lucky by preparing…

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You Need a Budget – YNAB (part 1)

You need a budget, yes you do! Read my new article on how I use YNAB to budget without feeling restrained. You can find the article here.

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September 2018 financial overview

We’re well into October 2018 already, so here’s my financial and personal overview of September! Finances Financially speaking, September was not a really good month. My savings rate was quite low, since I replaced my laptop. As an almost religious YNAB follower I saved up for the replacement, but still it’s quite a bit of money out of pocket. My year to date savings rate is still 41.2%, so slightly above my 40% target. The outlook for next month’s savings rate is also not really good, as HR messed up my pay check for September by not withholding enough taxes….

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How My Colleague Lost 400,000 With This Financial Decision

Good morning! Not all good decisions are the best decisions. Paying down loans is generally considered a good thing, and I agree. However, my colleague chose to pay off his house early, and that will cost him 400,000 in the next 30 years. Ouch! This case study will investigate whether he could have better invested this extra money instead of throwing it at his mortgage. It will look at the financial pros and cons and then conclude not only with the financial results, but also qualitative arguments like peace of mind. Read the full article here on Fire The Boss….

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Why I Wake Up Early, and 5 Reasons You Should Too

Some people like to sleep in all day, others like to wake up early and get things done. I’m in the latter category. Waking up early give you tons of opportunities. You can study, workout, meditate, work on your side hustle, you name it. Do you wake up super early? Read the full article here.

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Debt Strategy: Debt Snowball vs Debt Avalanche

When you decided that you want to get out of debt, you have to decide on a debt strategy. Two options are the debt snowball and the debt avalanche. In this post, I dive deep into both strategies, exposing the pros and cons. I do so with the help of Jeff, a guy in a lot of debt. Read the full post here. Best, B

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