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Last but not least…spend the rest! Having first paid yourself and next paid your living costs, the remaining cash each month is considered discretionary funds to use however you please. No lectures here…you have done everything right to this point so what’s left is yours to spend entirely. Discretionary spending is generally variable and optional. […]

After you Pay Yourself First, next pay your living costs. Which expenses are living costs? Living costs are the expenses in your life that are necessary or committed. These are recurring day-to-day or monthly expenses which are generally non-discretionary, so not easily reduced or avoided. They are mostly fixed in the short-term (such as rent, […]

What it means to pay yourself first. Saving is to pay yourself. Paying yourself builds wealth to fall back on if and when you need it. Building wealth is essential to living and affording the life you want both now and also later in life when you no longer want (or are able) to work […]

What is it to Buck the Budget?  As you might guess by the name alone, we are throwing conventional budgeting advice out the window. This may seem like an outrageous suggestion, after all, we have been told to use budgets to contain our spending so that we (ideally) have something leftover in the end to […]

How do you know if you need a financial plan? I have received a recent onslaught of financial planning questions from friends and clients. Perhaps it’s the logical next step after taxes are filed? Or maybe the economic upheaval resulting from the pandemic has people looking more closely at their financial position. For starters, let’s […]