Welcome into my financial world. I am going to share my conscious spending plan with you. Firstly, you need to understand a little about my priorities. Outside paying my bills, I want to pay off my mortgage and travel.

My Conscious Spending Plan

5 Star Vietnam Luxury Birthday in Na Trang

 

This is why most things on my bucket list are travel related. I have a few things that I want, but they are well behind these two priorities.

My Conscious Spending Plan in Action

Pre-tax

9% Investing for your Future (this is retirement savings)

From post tax income

41% Bills and Fixed Costs

48% Extra Mortgage Payment

3% Weekly Dinner Out/Entertainment

8% Conscious Spending (Travel)

On top of that, any extra income on top of that such as overtime gets split the following ways

30% Bills Account for an emergency buffer

30% Savings for a specific want

40% Conscious Spending (Travel)

This means that any extra work we do gets us much closer to our personal goals much faster, with a little bit of common sense thrown in to give us a bit of a financial buffer.

So what are your financial priorities and how do you fit your Dreamlines in with your day to day finances?