Monthly Archives: January 2016

Family-friendly Budget Template

Try our Family Budget Template

Just as my twin sister, Miel, disentangles her finances from her recent divorce, I feel like I’m starting from scratch again with our budget.

After my family bought our dream house and Hubby got his dream job, now it’s my job to create a new budget. In hindsight I know that I should have done this months ago, but I was too busy unpacking, settling in, paying contractors, and celebrating the holidays. Now nearly six months after our move, I am finally ready to create our new family budget.

The good news is that I have an awesome budget template to start from…it’s actually one that Miel helped me create for this blog five years ago. We made the budget template specifically for families and all the expenses that come with them. It’s also easy to personalize our budget template.┬áIt’s nice to see that it’s still as valid and important of a tool.

I know that my family will benefit from the time and energy that I put into creating and consistently updating our budget. When I’ve been really “good” at updating it, we’ve been able to save more quickly than I ever imagined.

Truthfully, it’s been a source of tension lately, since we don’t have a current calculation of our exact monthly bills, which changed a fair amount when we moved. We also spent a toooon of money on home repairs when we first moved in, which I’ll save for another post soon.

Yet, I know that I also have mixed feelings, not wanting to focus on our lack of money and to plan for things that our current budget doesn’t actually allow for. That’s where I think gratitude comes in, and by acknowledging how you are currently providing for your family makes a difference. To put things in perspective, I was in the grocery store when I overheard a Dad saying to his son how he had to work for an hour to earn $10, enough to buy a gallon of milk and a loaf of bread. Even when money might seem tight, I know that practicing gratitude helps me feel abundant.

Have you used our budget template? Do you update it daily, weekly or monthly?

Happy budgeting!

Darcy

PS I’m going to post a Google Doc version for everyone else who has moved their finances to the cloud, like me.

Disentangled after Divorce

entagledIt takes some effort to disentangle your finances from another person. If you’ve done this before, then you are probably nodding your head.

The process of delving into couple’s finances typically takes it’s course of time, depending on how your relationship develops. I tend to take the dive right in approach in love, though I suppose it actually took seven years of marriage to actually have a functioning joint household account (though we opened savings accounts for goals before we were ever married). It can take a much greater effort to disentangle your assets after a marriage has ended.

My divorce finalized in August, but that is really just the beginning of the disentanglement that comes after divorce. This is exacerbated if you shared businesses and the like with your ex.

The task is one of those that has loomed over me and felt like a weight this entire fall. Luckily when I finally set myself to it, it was less of an effort that I feared it might be. It was more of a mental block. I did have to change numerous automated transactions for various mortgages, condo fees, and utilities. Now I’m down to closing a final account to call it done.

My lesson here is that the barriers we face in finances are most often in our head and are not financial at all. We make things more difficult than they have to be.

What is on your list of financial tasks that you are making harder than they are?

Cheers,

Miel