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!



In 2014 my husband & I downsized our home to speed up our quest for Financial Freedom. We swapped our large three bed house, for a small two bed apartment to clear our mortgage and give us enough budget freedom to travel and still save for the future. Our dream, after achieving Financial Freedom, is to spend part of every year living abroad.

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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.