How to plan your annual expenses & savings - goals for 2022

[@m30arianne]

I just changed my budget due to your video. I didn’t budget for birthdays, nor for replacement of the boiler. Now I do. Thank you for making me think more about spending and budgeting wisely. I am a single mother who adopted 3 kids (now 8, 13, 14) and I am paying my mortgage off per 1 Augustus 2022.

[@FrugalQueeninFrance]

Thanks for sharing that, budgets get adjusted over time. Thanks for watching

[@patmartin9727]

I too thought I was a good budgeter until if found Jane and Mike’s channel. Thought the year I have kept tweeting my budget to include extra sinking funds and increase my emergency fund, and how I manage my savings.

[@carlasilva9405]

I was really needing to see a video like this. Down to earth and true to the days we are living. Here in Portugal we have an expression: money does not belong to the ones who earn it, it belongs to the ones who save it, and I earn a good amount but somehow I dont have the financial intelligence that we all need to be comfortable and ahead of something that comes up. Thank you for the public service you are giving us all. Merry Christmas everyone☃️☃️

[@FrugalQueeninFrance]

Great expression, keep money and don’t spend it is great advice.

[@ellie2434]

Ok first ever budget done…..This sinking fund thing is genius! Thank you. 🙂

[@FrugalQueeninFrance]

So happy to hear that.

[@rosaestrada41]

Hi Jane I’m a big spender and after watching your videos I’ve been more frugal. Thank you for all your wise words.

[@FrugalQueeninFrance]

I’m happy to help.

[@tanjatolar6510]

One of the best things I did years ago was to get on the Boots eyecare scheme and pay monthly £12 to get all lenses shipped to me and all eye checks for free. I pay for the glasses but again with a big discount. I just add this to my monthly expenses and have my eyes totally covered through the year, incl. any repairs, lost lenses and adjustments to my prescription. I also use monthly envelopes for yearly projects so I budget for trips, electronics, birthdays, spa treatments. Every month there's some money allocated to these envelopes - sometimes not exactly the same amounts because of higher expenses on other things but any extra money I get will be allocated to these envelopes. Through the year it really adds up.

[@FrugalQueeninFrance]

You’ve really got things sorted, thanks for watching and sharing

[@phylissbrassey8431]

Wishing Mike and you a glorious holiday and thank you for all the informative videos. You are a great mentor for someone older who lives alone Thank you!

[@mak2867]

Congrats on an informative video. I do my budget at the end of the year, adjustments are made at the end of each month. We spend $101 per day on everything. 1/3 of our budget is Medical. We are a family of 3. We purchased a Lowe's building supplies card & a Dominos gift card, 20% off each. If something goes wrong with home appliances or repairs, we have $100 gift card in place. If we want sub sandwiches or pizza. We have Dominoes $100 gift card. $200 in gift cards, cost us $160.

[@mak2867]

@@debbieframpton3857 Awesome.

[@irishcladdagh3]

I have recycled my glasses for the past 9 yrs.... I have 2 pairs and I just change the lense as my vision changes ☺️

[@helenhartley6904]

I set up a fortnightly autopay for property taxes/rates in advance, and monthly autopay for house and car insurances, Netflix, our internet and mobile phones. Our solar covers our power usage. Even so we sometimes dip into cash reserves for maintenance on our boat, yard, van, house..

[@FrugalQueeninFrance]

boats and van (as in a van you sleep in or a car?) are expensive

[@Sweetie8387]

I always thought I had a pretty good handle on budgeting but there are some things here I hadn’t thought of. Kids clothes usually catches me out. The majority of stuff in life you can plan for, something I know even in your old blog you used to say. Great vlog as always thanks

[@FrugalQueeninFrance]

It’s helpful/important to set a budget for the year that you can work with and stick to that. It might mean some hand me downs, charity shop bits and a few clothes for best.

[@TheLongRunwithJoelandChristy]

Great tips, Jayne! Merry Christmas to you and Michael. 🎁🎄🤶🎅

[@FrugalQueeninFrance]

Thanks for watching

[@jonnaborosky8836]

I so love listening to you! We share most points on money, finance and savings. Things are just a bit different in America b but basics are the same. Thanks so much for sharing!

[@FrugalQueeninFrance]

You’re welcome and thanks for taking the time to leave a comment.

[@elizabethhelen3326]

Plenty of food for thought, thank you! 😊🇫🇷

[@FrugalQueeninFrance]

Thanks for watching

[@janeheath2798]

Brilliant video as usual. I am so grateful for all your tips and advice since joining you as Froogs. Both you and Mike have worked so hard on your lovely house and garden, and it has been wonderful to share your journey. Here’s to a successfully frugal 2022 🤩💖x

[@FrugalQueeninFrance]

Thanks Jane for your support and encouragement.

[@courtneyhenderson16]

Thank you. This video was probably the most helpful information on budgeting I have ever seen. I've been good at tracking our spending, but that has not translated into a successful budget. I'm excited to try this.

[@FrugalQueeninFrance]

Happy to help Courtney, Merry Christmas

[@bex438]

Thanks for sharing Jane, this was really helpful 👍😀

[@FrugalQueeninFrance]

You’re welcome and thanks for watching

[@lynnoorman2144]

Your video has given me pause for thought. I really don't save enough towards birthdays etc. Off to the calculator function on my phone now....

[@FrugalQueeninFrance]

Good luck with your plans for your savings.

[@chicagogran1164]

Jane, this a brilliant bit of information! Thank you for your hard work putting together a very entertaining and useful program. Happy New Year!

[@FrugalQueeninFrance]

Thanks for the feedback

[@annblack8981]

Another really useful video Jane. Happy new year.

[@FrugalQueeninFrance]

You’re welcome

[@tuttsclumpcottage7911]

Thank you for this video and all the others. They are very useful tools to have in the budgeting tool box. I am a widowed pensioner and with your help realized I am going to have to go back to at least some part time work for the unexpected surprises to plan for. I have put this off because of Grandma duties during Covid but am now planning in the new year to find suitable employment. ie Grandma for rent, pet or housesitting or tutuoring The list could be endless. Thanks again!

[@FrugalQueeninFrance]

Good for you. It’s totally understandable in the current economy.

[@CharlesAvilaMeasInst]

Great tips as always. Thanks!

[@FrugalQueeninFrance]

Thanks very much

[@lindajacquot5391]

Very helpful information as usual. I can see I need to go back and adjust my budget for next year a bit. Thank you for sharing with us, Jane and Michael!

[@FrugalQueeninFrance]

Happy to help.

[@rachelwalsh4378]

Great video👍Merry Christmas Jane & Mike🎄

[@FrugalQueeninFrance]

Thank you, you’re welcome

[@judymcpheron5955]

Thank you! Tweaking and tweaking again, saving for the unexpected. At my age i'm more into experiences than material things, so I have saving funds for travel, special family and friend occasions and community events and entertainment. 📷✈🎭🎥🍿

[@janpainter8974]

Wishing you both a very Happy Christmas x

[@FrugalQueeninFrance]

Thanks very much and you too

[@lisam.8971]

Wise words. Thank you!

[@FrugalQueeninFrance]

Glad you enjoyed it!

[@2oldcrowscleaning538]

Seasons greetings to you and Mike! Thanks for an informative video 💕

[@FrugalQueeninFrance]

Thanks for watching and commenting

[@mkhuntstreasure3192]

Always enjoy your information. Thanks for sharing.

[@FrugalQueeninFrance]

Thanks for watching and commenting

[@moreynolds9870]

Hi Jane, hope you enjoyed your Christmas. What a great video. I do budget, but I will certainly be doing it more in depth for the next year. You make it so much easier breaking it down into categories, Thank you so much for sharing this with us. So happy I found your channel! Wishing you both a very happy band prosperous new year. Sending love, stsy safe and well. “See” you soon! Xxx 💖💖💐💐

[@FrugalQueeninFrance]

See you soon too. Thanks for watching.

[@cyclingonplants7444]

Thanks Jane and Mike - some great information here as usual. I think the yearly review is super important. We are gearing up for retirement in a couple of years so we have decided to have quarterly reviews. You are most certainly right about something will break! Our boiler kicked the bucket last Spring. We have appliances here that are 21 years old - even our kettle and toaster are the same age but we have the money ready for when the time comes to buy the new ones. Happy Christmas to you and your family :)

[@FrugalQueeninFrance]

It is something we have to factor in. It isn’t something we should drain our emergency fund for either. It will break one day and savings need to be set aside.

[@ReinaAGrace]

Great video 👍

[@FrugalQueeninFrance]

You’re welcome and thanks for watching

[@jomcd2073]

I budget weekly and that is how l divide things l'm saving for. A large amount doesn't look so big when split into weekly/fortnightly/monthly amounts. Merry Christmas to you Jane and Mike:)

[@FrugalQueeninFrance]

You’re right

[@angelahazel3966]

Merry Christmas Jane and Micheal hope you have a lovly time thank you for the meatball recipe was delicious having it again today with our Xmas dinner so a very merry Christmas to you both much love❤️

[@FrugalQueeninFrance]

I’m glad you enjoyed it and you’re welcome

[@angelaaustin6410]

Jane and Mike, thank you so much for your wonderful videos. This one was excellent and I’m now sitting here listing out all the things I need to add into my annual budget that I’ve maybe not really thought about adding before, such as dental and boiler replacement. Have a wonderful Christmas and New Year and I hope 2022 is a prosperous year for you x

[@FrugalQueeninFrance]

Happy to help Angela. I’m sure there’s things I’ve missed too. Merry Christmas.

[@joani2675]

Thank you Jane and Mike for making this video wishing you both a happy Xmas and happy new year 🙏🙏🙏

[@FrugalQueeninFrance]

Thank you for watching

[@suzangage3483]

Thanks for the great information. You've given the viewer many items to consider. Cheers from Florida. Happy 2022!

[@FrugalQueeninFrance]

Thanks for watching Susan

[@FrugalQueeninFrance]

Have a great new year too.

[@sowenchantedirishkitchenga8282]

Really enjoyed this thanks and merry Christmas 🎄

[@FrugalQueeninFrance]

Thanks very much

[@senoritajha1468]

And merry Christmas from India

[@michellebird3120]

Thankyou Jane and Mike merry Christmas 🎄

[@mariannewesten3638]

Thank you for you're Tips 👍 Jane Wishing you and Michael,a merry Christmas🎄,and a healthy and Happy 2022🥳

[@FrugalQueeninFrance]

Thanks very much

[@ShoestringJane]

Such a detailed and organised budget! I need to get on with mine for 2022. Thanks, and have a great Christmas, Jane and Mike ❤️🎅

[@FrugalQueeninFrance]

Merry Christmas to you too

[@simonedutch1264]

Brilliant and detailed annual expense plan Jane, it's a credit to you and Mike how organised you are and thank you for sharing. Happy New Year to you both for a safe and prosperous 2022.

[@FrugalQueeninFrance]

Thanks for watching Simone

[@sharonmcgee8178]

Very good idea to put aside a bit of money to replace appliances or repairs.

[@FrugalQueeninFrance]

Thanks very much

[@raychlc5959]

Merry Christmas to you both. Thanks for another great video.

[@FrugalQueeninFrance]

And to you, thanks very much

[@glow15]

Merry Christmas to you and your family! 🎄 Thank you for this, as a student who's learning how to budget better, your advice has been super helpful!

[@FrugalQueeninFrance]

Happy to help

[@chasingsimpledreams]

As an American, the idea of six weeks of vacation time, wow! Europeans are doing something right is all I can say.

[@FrugalQueeninFrance]

Six weeks Is the basic right. Most have much more.

[@candaces3959]

Thanks again for your insights into budgeting! It does seem that there is a transition period to get on track. If there was no budget or an incomplete budget then there are things that may be coming due in January for which there is no pot of money. So then it's a matter of treating it like a debt and saving in the budget for next time. I see a year of no spend in my coming year! :)

[@FrugalQueeninFrance]

My sinking funds payment is 750 a month, and that’s ongoing year after year, it means there’s a residual amount of money each month.

[@candaces3959]

@@FrugalQueeninFrance Yes, I understand that but if there was no sinking fund for an item that comes due now, before I have set up the sinking fund, then there is no residual. But I will manage it and move forward! Thanks!

[@FrugalQueeninFrance]

@@candaces3959 I have seven sinking funds plus long term savings. Plus, an emergency fund. If you don’t have an emergency fund, you do that first. The hardest part is getting an EF together first, my advice is to sell everything but your soul and your children to do that. Here’s my figures. My 7 sinking funds, total 852€ a month, if something is needed to be done in that month, from any of the sinking funds, then it comes out of that month’s payment into the funds, so the funds are down, but next month, 852€ will go in again. Plus, if you have some no spend months where you buy nothing but food, fuel for the car and pay bills, you have a little financial extra to add to the EF or sinking funds. I’ll do a mid week money chat on this including a visual display.

[@candaces3959]

@@FrugalQueeninFrance Thanks! That would be helpful.

[@FrugalQueeninFrance]

@@candaces3959 have you worked out everything you have to pay each year for bills, expenses that you don’t have on direct debit/autopay? Have you worked out what sinking funds you need to have?

[@belindacopson2390]

Great advice as always. Thank you for all your excellent videos this year, a very happy Christmas season to you and Mike. x

[@FrugalQueeninFrance]

You’re welcome and more to come next year.

[@lindaripp5902]

Thanks

[@diegeferenbach8065]

Great advice! We added "passports" as a sinking fund a few years ago. Portuguese Id. card and passport have to be renewed every 5 years (also my closest consulate is in Manchester, and we live in Dundee Scotland, so train and food costs also have to be included in the renewal of the documents) my kids are blessed with double nationality, so extra documents to be renewed. Having the money set aside is something else off my mind 😜

[@FrugalQueeninFrance]

It certainly is the sensible thing to do.

[@senoritajha1468]

I really like your smile

[@sophiawolthof1238]

👍👍👍

[@CentsibleLivingWithMoneyMom]

You reminded me that I really need to go to the eye doctor

[@FrugalQueeninFrance]

Happy to help.

[@virginiacervantes7988]

👍🌹

[@GrandmaSandy]

I am a New Subscribe

[@FrugalQueeninFrance]

Thank you Grandma Sandy, you’re most welcome and enjoy our videos.

[@naomibarton6139]

Merry Christmas to you both. Thank you for another very helpful video. How do you use the money in your sinking funds to pay exactly? Do you check as each month happens and work out how much of it you need and then transfer across to your main account that amount? I wonder how you keep track as there will be lots of different payments to consider.

[@FrugalQueeninFrance]

I put 450€ away each month, not everything goes out at the same month so a fund builds up. I move money to the accounts that require it when the time happens, hence having a good diary or calendar, we keep a budget book, check our accounts and record all out goings.