Het (on)zin van een emergency fund

Common wisdom in the personal finance world is to have at least 3/4/5/6/9/12 months of expenses in an emergency fund. The money in this fund is used as a cash buffer, not to be invested but to be ready when something bad happens to you. In general, this is really good advice. But for the die-hard FIRE people, do you really need an emergency fund? Having a large sum of cash can certainly help you out when you’re in need. But it also has some negative implications. Cash drag is one example. In this post I dive deeper into the…

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How I Analyse: My Personal Finance Dashboards

To measure is to know, also in the personal finance world. Tracking your income and expenses, investments and net worth should become a standard for individuals striving to reach financial independence. I have a set of personal finance dashboards that I use to keep on top of my finances. Do you too? Measuring is the key to improving. Before you know what to improve on, you have to measure first. That’s what I do with my personal finance dashboards where I track every single transaction, and aggregate them to show numbers such as my savings rate, total net worth, and FI…

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I Cancelled My Luxury Credit Card

I’m not your regular die-hard travel hacker. Nor am I very proficient in credit card churning. But I did own an American Express Gold card for the last two years, via FlyingBlue, the airline miles program from KLM and partners. The FB Gold card is considered a luxury credit card, at least here in The Netherlands. Its price tag of 170 euros per year is pretty steep, considering that you can just get a credit card for free via most banks if you have a checking account with them. What makes the Amex FlyingBlue Gold card so special then? And why did…

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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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