Financial Landscape

Mar’s Musing on Financial Landscape

Inspired by the Lunar New Year celebrations yesterday and the theme of money, I want to take a couple of weeks to dive a little deeper into our financial landscape.

 Yesterday for Chinese New Year we met with some Asian friends for a wonderful home cooked meal with handmade dumplings made for prosperity and good lucky – what a treat 

 As part of the tradition we exchanged “Hong Pao’s”  red envelopes filled with money that are given to the children, younger-unmarried. This was one of the first years that I’ve been handing them out and my son knowingly receiving it!

 He took them home (we usually don’t unpack them in front of others) and he opened them with great excitement, he put the money (50€) in total he received in one and kept it in his bedside drawer. I was explaining it to him and the idea of saving this for something special. 

 This morning he woke up and told us in his language“I want to buy surf shoes just like dads’s” – it was such a sweet moment to witness him making one of his first decisions about what he wanted to spend his money on!

Reflecting on this last week, I realised (and of course of the years of working with the topic of money) how little we know from a young age about it, even the basics 101!

So I wanted to share one of the simplest % rules as a rule of thumb for your monthly finances, 50 / 30 / 20%!

– 50% on needs & essentials such as rent/mortgage, bills and food

– 30% on wants & leisure

– 20% on savings

This is a way to start allocating your expenses and tracking where your money is going, whilst opening up a path to saving!

Money flows where energy goes… so when we start building our structures, systems and pathways for money to enter our lives it can flow 

Taking the 50/30/20% into account, does this line up with your finances? Or what does your landscape look like?

Love Mar Michelle