Getting Your Personal Finances in Order.

Do you have your personal finances in order, or could you use some help? If your personal finances are not completely in order, then you are not alone. Twenty percent of the Dutch have financial problems. That while the Netherlands is one of the most prosperous countries in the world. So prosperous, in fact, that we are one of the 20 richest countries in the world. A lot of financial problems could be avoided. But even people without financial problems often do not have their personal finances in order!

What are your personal finances?

Getting your personal finances in order goes much further than just making a list of income and expenditure. And the benefits of getting your personal financial situation in order are endless. There is so much more possible as soon as you gain insight into your personal financial situation. But what are your personal finances? Your personal finances are everything that has to do with your financial matters, such as:

  • income and expenses
  • savings plan
  • retirement plan
  • mortgage
  • monthly budget
  • investments
  • Insurances

Getting your personal finances in order in 10 steps.

These steps can help you get your personal finances in order. By planning your financial future you can enjoy more now and later. Whether you want to get rid of your debts, take a trip around the world. Or just want to know where the hell all your pennies are going to. Start with this step-by-step plan to get your finances in order.

The budget of your personal finances

The budget is where everything starts. With a budget, you list all income and expenditure. So you really have to sit down for this.this is often probably not the foremost fun step. But one of the most important. Fortunately, we now have internet banking. That makes everything just a bit easier. Log in and write down all income and expenses. Write everything down on any allowances, holiday pay, bonus, mortgage interest refund. Also impulse purchases and unnecessary expenses. Don’t forget the non-monthly recurring bills!


If you have completed the first step, you now know exactly what your income and expenditure are. You may even be shocked by a certain release! By saving, you will no longer be shocked by your (online) bank statements in the future. Start with regular expenses such as subscriptions, raffles and charities. Do you no longer use it or cancel it too little! Then take a closer look at your insurance and energy supplier. You may also be able to save money on this by switching.

Debt repayment plan

More than a million Dutch people are in arrears and loans. Debts often feel like a burden. Usually, debts also cost extra money. After all, you pay interest. It is therefore wise to deal with your debts as soon as possible. If it is not yet completely clear how much debt you have, now is the time to find out. Make an inventory of debts to pay off. Start with the arrears such as rent and electricity. Then move on to loans. Put everything neatly on paper so that it is clear to yourself what you still have to pay.

Pay yourself first pay yourself first

I started it myself about two years ago. And I’m sorry…. That I didn’t start it 15 years earlier. Since using the “Pay yourself first” system, my personal finances are in better shape than ever before. And everyone can use the pay yourself first system. You pay neatly all your bills, but there is often nothing left for yourself. Usually, people try to save some money to deposit it in their savings account at the end of the month. This often results in an amount of exactly 0 euros. So also start paying yourself first. In fact, the rule has become so important to me that I have devoted an entire blog to it.

Budgeting your personal finances

You have made a budget. Your possible debts have been identified. And you have decided whether you want to pay yourself first. It is also clear what your fixed expenses are. Now is the time to budget for your necessary variable expenses, such as groceries, fuel and clothing. If you want to save, the time has now come. Be realistic with your budget, because a family cannot live on $100 worth of groceries a month.

All your necessary fixed costs have now been mapped out. Subtract these costs from your income and it is clear what you are left with. Now you can make a budget to pay off any debts. And a small budget for entertainment. If you have no debts, you can start with “Pay yourself first”. And make a budget for your monthly entertainment.

Emergency fund

You have a grip on your personal finances again. You should now know exactly what you have left at the end of the month. It is time to create an “Emergency fund” for yourself. A jar for emergencies. With an “emergency fund” you will never get into financial problems again. Take care of yourself and start building your own “emergency fund”. Most financial experts recommend an “emergency fund” of 3 to 6 months net income.

Savings plan

You may already be using the “pay yourself first” system and you may not need it. Or have you become so enthusiastic that you want to save even more? Make a savings plan with a nice goal, for example, a trip around the world or the car you’ve always wanted. Start saving and don’t stop until your dream comes true!


After going through all these steps. Is it now time to take a look at your pension? For most Dutch people their pension is something for “later”. But one day the time has come. After all, you want to be able to enjoy your old age, and money is part of that too. If your pension is disappointing, you can often do something about it. By yourself or, for example, in collaboration with your employer.


You work hard for your money, do you want your money to work just as hard for you? Then it is time to place your money to figure. There are different ways to take a position money. The most common way is to invest in stocks. You can already start investing from $50 per month! First, find out whether investing is something for you. Because investing in shares is by no means for everyone.


This is the last step in getting your personal finances in order. Your mortgage is probably what you spend the most money on. Fortunately, a lot is possible in the field of mortgages. It may therefore be a good idea to have a no-obligation conversation with your mortgage adviser. For example, you can choose to make additional repayments on your mortgage. But this is not recommended for every type of mortgage. Therefore, discuss this first with your adviser.

These steps can help you get your personal finances in order. Of course, one of the steps may not apply to you. If you prefer to start in a different order, feel free to do so. Or if you don’t see anything in the step, feel free to skip it. Even if you only use one of the 10 steps, my mission has already been accomplished!

Felix Tammi

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