QUOTE(Takudan @ Jul 15 2021, 10:27 PM)
How do you plan your one-time expenses then? Say... if you think you'd like to buy a new furniture, or travel overseas. Curious to see how everyone else plans their budget.
I find it so hard to wrap my head around this method lol. First it's something that is supposed to track things down to cents, but at the same time you're not. I googled to catch a glimpse of it, I see it has budget by month, but without dates - how are you ensuring you have your money ready at the right times of the month? Say, it's all budgeted to 0, but next month/budget, you have a lot of expenses coming in early but inflow would be at the end of the month? Does your budget sheet tell you how much you need to ready for the next month?
one time big expenses? if i planned any, it'll be accumulated monthly into my saving-for-spending pile.
FYI - i dont travel physically (hermit) + i buy large furniture/appliances like once in 10 to 15 years, even car, once in 15-22 years XD
eg. i'm only on my third & first brand new car
i used to be using that t-harv ekar method of:
50% for necessities
10% for savings
10% for fun / feel good
10% for education
10% for long-term saving to spend (big ticket items)
10% for charity / do good
very useful for targeting, control & visualization
BUT
pain in the butt when accumulated the discipline to spend way lower than i earn (10+ years to do so),
thus
switched over to simplified save net salary of 20% for investing & buffering (80% if windfall), then spend the rest carefully + if any extras month end put into investing & buffering.
note - all passive income are reinvested or form part of my cache for investing. above is just for net salary & net bonus (i'm worker ant je)
now, close to retirement, already put in my papers - semi-FIRE at 49.
soon i'll be spending 80% of my dividends & reinvesting 20% of them.
hope the above helps - IMHO, we just gotta find something that works for our personal characteristics AND before even that, have a BURNING WHY to do so (budgeting/cash flow management +financial planning & execution). Without the WHYs, no point, no reason thus blah blah blah whatever (ie. wont be a priority thus keep failing it)
This post has been edited by wongmunkeong: Jul 16 2021, 11:16 AM 
Jul 15 2021, 08:46 AM
U very detailed & hard working 
- zero-based budgeting will kill me 
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just thinking, will any just in case black swan events,...mkts crashed n stayed bad for few years,...will the dividend be impacted as you need 80% from it for your retirement expenses?
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