How To: Evaluate Your Spending!

My husband, Pierre, and I are expecting our first child in mid-February. In addition to nesting, I decided to dig with a fine-tooth comb into all our past purchases and expected future purchases. I wanted to start off 2018 right - so now we have our budget! A budget is only successful when you really think about your spending and where you can make changes. As such, I’ve decided to use the Rochard's budget and thoughts about our spending as a tool to help you think about yours.

The above sums up how I’m thinking about our discretionary spending. Then, there are the essentials – insurance, home expenses, transportation, career and personal development costs. And finally, there is all the other expenses we can’t seem to live without. On a whole, we spend 57% of our after-tax income. The rest of our money goes to savings and taxes. I always think we could do better and save more. But sometimes it is extremely hard to cut things!


This bulletin expresses the views of the author as the date indicated and such views are subject to change without notice. It is important to understand investing in general involves risk of loss that you should be prepared to bear. Please refer to our Firm’s Form ADV Part 2 Disclosure Brochure for more information regarding the risks of the investments held in your account. Our calculated perceived value is an opinion based on the information we have at the time of our forecast.  The risk assumed is that the market will fail to reach expectations of perceived value. Our opinions, forecasts or predictions of future events, returns or results are subject to change and are not guarantees of future events, returns or results. This communication is intended to be distributed to current clients and certain interested parties only. This communication should not be construed as an advertisement offering our firm's investment advisory services.