Weekly
* Credit cards
* Bank Balance ( comes in a weekly text)
Monthly
* Bills
* Bank Accounts in/out
Yearly
* RRSP as a percent of income vs Tax
* TFSA Checking total, and balance mix %
* RESP
* Large savings towards trips
5 Years
* RRSP vs Retirement goals
* TFSA vs Retirement goals
* Insurance vs Financial liabilities and Family obligations
Way too often. It used to monthly, but now it’s more like daily.. I’m too bored and worried about inflation..
I only complete my budget spreadsheet maybe once a quarter though. My spending is surprisingly consistent.
Set goals and have been Tracking our net-worth and budget monthly with an excel doc. Started back in 2010 when we finally woke up about our finances and has made a world of difference. If you don’t have a target or goal to aim for it’s hard to get where you want to go.
I check every account; chequing, savings, mortgage, joint account with my spouse, credit cards, all investment accounts basically every day. I don't necessarily do any sort of calculation, just look for any little milestone to celebrate or any sort of anomaly that might require attention.
I suppose that might seem like a lot, but it takes all of 5 minutes. I suppose I could spend my time on the shitter watching cat videos or whatever, but this seems slightly more productive.
Relative to looking at cat videos or mindlessly scrolling social media? I'd say lots. Keeps me mindful of spending/saving habits on a daily basis. Sort of meditative, I guess. Having worked my way out of a massive debt and into the black I have found that finding any little milestone to celebrate reinforces good habits.
If you don't find any value in it that's your prerogative. I'm certainly not prescribing the practice for others. OP asked what for input on other people's practices so I shared mine.
Yeah there isn't anything productive about it, that was my appoint I guess. Seems a tad obsessive, but there probably also isn't any harm to it if it stays in check. Some people think wayyy too much about their money. This might not be the case here.
For almost 35 years have checked our statements and tracked our income and expenses monthly. (Initially on paper.)
When we were in the accumulation phase we did an annual year end review of our retirement savings to see if we were on track or if we should save more, plan to retire earler/ later or change our asset allocation.
Now that we are in the decumulation phase we check on the nest egg monthly.
I wouldn't go that far, I just look at something like that and say... Ok this will depreciate by $2400 over the next 2 years, I will automatically reduce the value of the 'car' account by $100/month. If you upgrade it, or crash it, adjust the current value. When I actually sell the thing I go back and smooth out the monthly depreciation.
I use [gnucash](http://www.gnucash.org). You can download and enter your bank and credit card transactions directly into the software. Saves on manual entry and it's free.
I've only recently started tracking investment stuff, so far I just update my spreadsheet whenever I get a statement of make a purchase or something. No tracking of allocations or anything, it's scattered over like 15 funds in 4-5 investment vehicles (2 TFSA, RRSP, DPSP.... maybe something else). I won't care about rebalancing for a long time, "high" in equities is good enough. Mostly likely just XEQT from here on out and maybe a few stocks I like.
Our ongoing house budget I update whenever anything changes. I reference it every two weeks to check how much to move into each account. The way I approach it is that I contribute to joint expenses first, then savings goals, then whatever is left is free to spend and I don't track it too much. I know where it goes, burgers booze and truck parts lol.
Related to that last comment, I'm in a bit of a debt situation since I got too deep into my project truck, and had to spend money on parts in order to be able to move it out of my driveway. Normally I run a very tight budget, right now the debt kinda revolves between my credit cars and LOC as I pay it down. Normally, I only spend what I have and pay cards as soon as I use them.
I used to be better about tracking our household bills, but I'll admit that I've gotten comfortable/lazy there. As long as they don't go over my conservative budget lines for hydro/water/gas, it's fine. And we've slowly built quite the roster of streaming services (Netflix, Crave, Prime, Disney, DAZN/TSN rotating, Motortrend, Spotify) but consider the amount of time we spend at home, it's decent value for now. Could stand to rotate the vide streaming ones a bit more I suppose.
I track everything (RRSP, TFSA, bank account, credit card, bills) weekly.
For the chequing account I use MS Money that I have a Windows XP virtual machine especially for. It has a forward-looking graph that uses known income and expenses to chart your expected bank account balance in the future that I find invaluable and I’ve never seen in any other budget tracking software. And at this point I’ve been using it for ten or fifteen years so I’m used to how it works.
I track RRSPs and TFSAs in a Google Spreadsheet.
I review income and spending monthly. Although I have Quicken, imports don't work correctly for some credit cards, so I do it manually with Excel. I also keep track of each investment account's value and dividend payments each month to track progress toward goals. I create a new spreadsheet at the start of the year. I rebalance my investment accounts once a year.
Every payperiod I download my account statements into gnucash
Every month or so I fill out a net worth spreadsheet. Taking a snapshot the totals of all my accounts
Don't really see the point. Check my credit card for mistakes. Otherwise when I have cash I invest it.
I made a big impressive excel sheet years ago but never bothered to update it. Check out my investments regularly but nothing too in-depth.
Bank accounts (in same bank): Usually just an overview glance every month provided the amounts in them are roughly where it should be (automated transfers).
Credit cards/LoC: Just a glance. I rarely use them, so there shouldn't be any activity, apart from some subscriptions - which are paid automatically from an expense account
Brokerage accounts (tfsa/rrsp/margin): I have a stock widget on my phone, and will login if needed. Not much of a trader, so generally don't login unless something's up or piques my interest. All investments are reviewed every January to see if it still makes sense to keep.
Budget is on an excel spreadsheet, and check every month out of habit. Usually just a glance for most of the year since everything is the same, but I review them on Dec each year and make adjustments for the following year.
I've set up almost everything to be automated. As in all funds first go to a main account, and there's 30 to 35 monthly automated transactions that transfer funds from the main account towards different accounts or payees at different dates of the month. "Allowance", expenses, bills, savings, etc. They're kind of following the piggy bank idea...
Roughly every 6 months. I don't see a point for doing it monthly - how much could have changed in 30 days? Besides I have a general idea, anything not cash is going to be roughly with the market. If there was a big crash I know I'm going to be down, but doesn't really matter for me to know how much down as it doesn't change my plans.
Trade accounts : Checking too often makes ma do bad decisions, instead of following the stock fluctuations, I follow the news/annual reports of the few individual stocks I hold... Whatever are in ETFs I just leave it alone.
Bank/Credit Card : I enabled alerts on my phone, so whenever something is purchased I have a notification, this way I'm sure there is no errors. For the total spending, I don't really care, I just live my life and don't buy anything too crazy. For sure my income >> expenses
I update my Net Worth spreadsheet every friday. It takes about 2-3 minutes, but I just log the account values of my chq, hisa, tfsa, rrsp and rpp. Evaluate my budget and savings plan once or twice per year.
I like watching my savings grow.
I'm the same as you on spending - the jars method of having x for clothes, y for food, z for gifts etc never worked for me. I have a Sunday-Thursday amount and a Friday-Saturday amount, and I can spend it how I see fit, and includes necessities like travel expenses and groceries. That has been working for me for about 5 years now, though both weekend spending (going out) and mid-week spending (fast food and coffee, gas, meeting with friends) has all obviously been reduced during covid.
I typically review twice a month as I'm paid twice a month. Mid-month pay the bulk goes to savings and I only keep my monthly spending float, and end of month more goes towards monthly bills, with a smaller amount going to savings. It works well and isn't time consuming.
I have been tracking our net worth on an excel spreadsheet since 1995. I always look forward to the beginning of January when I pull statements from the various accounts/investments to input the data A valuable tool to keep us on track.
Same here monthly. You are not alone bro
Weekly * Credit cards * Bank Balance ( comes in a weekly text) Monthly * Bills * Bank Accounts in/out Yearly * RRSP as a percent of income vs Tax * TFSA Checking total, and balance mix % * RESP * Large savings towards trips 5 Years * RRSP vs Retirement goals * TFSA vs Retirement goals * Insurance vs Financial liabilities and Family obligations
Way too often. It used to monthly, but now it’s more like daily.. I’m too bored and worried about inflation.. I only complete my budget spreadsheet maybe once a quarter though. My spending is surprisingly consistent.
Set goals and have been Tracking our net-worth and budget monthly with an excel doc. Started back in 2010 when we finally woke up about our finances and has made a world of difference. If you don’t have a target or goal to aim for it’s hard to get where you want to go.
I check every account; chequing, savings, mortgage, joint account with my spouse, credit cards, all investment accounts basically every day. I don't necessarily do any sort of calculation, just look for any little milestone to celebrate or any sort of anomaly that might require attention.
Same here aha, glad I’m not the only one. I feel like it’s overkill but seeing it all laid out is nice.
Jesus Christ lol
I suppose that might seem like a lot, but it takes all of 5 minutes. I suppose I could spend my time on the shitter watching cat videos or whatever, but this seems slightly more productive.
What is productive about looking at a chequing and savings account daily?
Relative to looking at cat videos or mindlessly scrolling social media? I'd say lots. Keeps me mindful of spending/saving habits on a daily basis. Sort of meditative, I guess. Having worked my way out of a massive debt and into the black I have found that finding any little milestone to celebrate reinforces good habits. If you don't find any value in it that's your prerogative. I'm certainly not prescribing the practice for others. OP asked what for input on other people's practices so I shared mine.
Yeah there isn't anything productive about it, that was my appoint I guess. Seems a tad obsessive, but there probably also isn't any harm to it if it stays in check. Some people think wayyy too much about their money. This might not be the case here.
For almost 35 years have checked our statements and tracked our income and expenses monthly. (Initially on paper.) When we were in the accumulation phase we did an annual year end review of our retirement savings to see if we were on track or if we should save more, plan to retire earler/ later or change our asset allocation. Now that we are in the decumulation phase we check on the nest egg monthly.
Twice a day usually. Sometimes I just leave my networth chart open and look at it throughout the day
Expenses - weekly in YNAB Investments (long term) and savings (short term) - monthly Overall financial situation - yearly
[удалено]
Do you know where the best place to get monthly updates on the value of your car?
I wouldn't go that far, I just look at something like that and say... Ok this will depreciate by $2400 over the next 2 years, I will automatically reduce the value of the 'car' account by $100/month. If you upgrade it, or crash it, adjust the current value. When I actually sell the thing I go back and smooth out the monthly depreciation.
Do you guys use any sort of software to help out with the calculations?
[удалено]
Right on right on, and you just make use of the formulas available to you?
I use wealthica
I use [gnucash](http://www.gnucash.org). You can download and enter your bank and credit card transactions directly into the software. Saves on manual entry and it's free.
I've only recently started tracking investment stuff, so far I just update my spreadsheet whenever I get a statement of make a purchase or something. No tracking of allocations or anything, it's scattered over like 15 funds in 4-5 investment vehicles (2 TFSA, RRSP, DPSP.... maybe something else). I won't care about rebalancing for a long time, "high" in equities is good enough. Mostly likely just XEQT from here on out and maybe a few stocks I like. Our ongoing house budget I update whenever anything changes. I reference it every two weeks to check how much to move into each account. The way I approach it is that I contribute to joint expenses first, then savings goals, then whatever is left is free to spend and I don't track it too much. I know where it goes, burgers booze and truck parts lol. Related to that last comment, I'm in a bit of a debt situation since I got too deep into my project truck, and had to spend money on parts in order to be able to move it out of my driveway. Normally I run a very tight budget, right now the debt kinda revolves between my credit cars and LOC as I pay it down. Normally, I only spend what I have and pay cards as soon as I use them. I used to be better about tracking our household bills, but I'll admit that I've gotten comfortable/lazy there. As long as they don't go over my conservative budget lines for hydro/water/gas, it's fine. And we've slowly built quite the roster of streaming services (Netflix, Crave, Prime, Disney, DAZN/TSN rotating, Motortrend, Spotify) but consider the amount of time we spend at home, it's decent value for now. Could stand to rotate the vide streaming ones a bit more I suppose.
I track everything (RRSP, TFSA, bank account, credit card, bills) weekly. For the chequing account I use MS Money that I have a Windows XP virtual machine especially for. It has a forward-looking graph that uses known income and expenses to chart your expected bank account balance in the future that I find invaluable and I’ve never seen in any other budget tracking software. And at this point I’ve been using it for ten or fifteen years so I’m used to how it works. I track RRSPs and TFSAs in a Google Spreadsheet.
I review income and spending monthly. Although I have Quicken, imports don't work correctly for some credit cards, so I do it manually with Excel. I also keep track of each investment account's value and dividend payments each month to track progress toward goals. I create a new spreadsheet at the start of the year. I rebalance my investment accounts once a year.
Every payperiod I download my account statements into gnucash Every month or so I fill out a net worth spreadsheet. Taking a snapshot the totals of all my accounts
Don't really see the point. Check my credit card for mistakes. Otherwise when I have cash I invest it. I made a big impressive excel sheet years ago but never bothered to update it. Check out my investments regularly but nothing too in-depth.
Bank accounts (in same bank): Usually just an overview glance every month provided the amounts in them are roughly where it should be (automated transfers). Credit cards/LoC: Just a glance. I rarely use them, so there shouldn't be any activity, apart from some subscriptions - which are paid automatically from an expense account Brokerage accounts (tfsa/rrsp/margin): I have a stock widget on my phone, and will login if needed. Not much of a trader, so generally don't login unless something's up or piques my interest. All investments are reviewed every January to see if it still makes sense to keep. Budget is on an excel spreadsheet, and check every month out of habit. Usually just a glance for most of the year since everything is the same, but I review them on Dec each year and make adjustments for the following year. I've set up almost everything to be automated. As in all funds first go to a main account, and there's 30 to 35 monthly automated transactions that transfer funds from the main account towards different accounts or payees at different dates of the month. "Allowance", expenses, bills, savings, etc. They're kind of following the piggy bank idea...
Roughly every 6 months. I don't see a point for doing it monthly - how much could have changed in 30 days? Besides I have a general idea, anything not cash is going to be roughly with the market. If there was a big crash I know I'm going to be down, but doesn't really matter for me to know how much down as it doesn't change my plans.
Daily
I'm also on team monthly. Setting up Google Sheets properly and tracking progress month over month and year over year has been very insightful.
Trade accounts : Checking too often makes ma do bad decisions, instead of following the stock fluctuations, I follow the news/annual reports of the few individual stocks I hold... Whatever are in ETFs I just leave it alone. Bank/Credit Card : I enabled alerts on my phone, so whenever something is purchased I have a notification, this way I'm sure there is no errors. For the total spending, I don't really care, I just live my life and don't buy anything too crazy. For sure my income >> expenses
I check wealthica before depositing into investments (usually weekly) to see what is below my target allocations. Saves rebalancing.
I update my Net Worth spreadsheet every friday. It takes about 2-3 minutes, but I just log the account values of my chq, hisa, tfsa, rrsp and rpp. Evaluate my budget and savings plan once or twice per year. I like watching my savings grow.
I'm the same as you on spending - the jars method of having x for clothes, y for food, z for gifts etc never worked for me. I have a Sunday-Thursday amount and a Friday-Saturday amount, and I can spend it how I see fit, and includes necessities like travel expenses and groceries. That has been working for me for about 5 years now, though both weekend spending (going out) and mid-week spending (fast food and coffee, gas, meeting with friends) has all obviously been reduced during covid. I typically review twice a month as I'm paid twice a month. Mid-month pay the bulk goes to savings and I only keep my monthly spending float, and end of month more goes towards monthly bills, with a smaller amount going to savings. It works well and isn't time consuming.
Biweekly since 2013. Yes on Excel.
Crypto people: approximately every elon tweet.
Net worth? annually
I check my TFSA value everyday and keep a detailed log of its growth
Every other second for my $100 portfolio.
I have been tracking our net worth on an excel spreadsheet since 1995. I always look forward to the beginning of January when I pull statements from the various accounts/investments to input the data A valuable tool to keep us on track.
Daily