19. 12. 2012

An update on how we manage our budget in preparation for the New Year.


Managing our budget and learning to live on less helped us to pay off a considerable amount of (my) consumer debt…..and now that it’s gone, we’re attacking the mortgage – it’s not due to end until 2031, but we would love to have it paid off by the end of 2015, sixteen years early!

To help us do that, we keep a tight control over our budget.

Every month I start with our basic budget (below), and then add in any other expected costs – after that everything else goes to the mortgage.


2013 basic budget

2013 Budget


Personal checking | Joint checking | Personal checking
Personal E-saver| Travel Fund | Personal E-saver
Gift and Mini E-Fund
Freedom Fund
Emergency Fund



If you have any questions please let me know?

PS. I LOVE budgets and this post is just an excuse to talk about them!


4 Responses to “Managing Our Budget in 2013”

  1. savingfortravel says:

    Hi Laura,

    I think personal checking is a great idea. I do that monthly, although not on my blog.

    I love your money saving goals on your other blog-couldn’t see a place to leave my comment there.

    Sft x

  2. Louise says:

    hi Laura, It’s great comparing costs between countries, I’d love to have your gas and electric bill! :)

    do you have the internet on at home? couldn’t see it in the budget

    • Laura says:

      ..I think it’s high lol!

      Re the Internet: Yes we do but (very lucky for us) it’s a claimable work expense for hubby as he works from home a lot.