Comments on: How Angelina Jolie Budgets (It’s Good!)

By: Aparna @ Elementum Money

Aparna @ Elementum Money — Wed, 29 Nov 2017 11:07:51 +0000

Hey J, You have some knack to have hunted out even Angelina Jolie’s budgeting strategy. Guess now it’s clear how she is one of the celebrities who really is synonymous with charity.
Some people might think it’s easy to have this kind of a budget allocation at that income level, but the more you earn, higher the temptation to slip into extrinsically motivated materialistic tendencies of keeping up appearances. It takes an effort to stick to a budget, irrespective of your income level.

By: J. Money

J. Money — Sun, 15 Jan 2017 20:56:30 +0000

In reply to Stuart @ Epic Quiver. Beautiful! That's a 50% savings rate right there!

By: Stuart @ Epic Quiver

Stuart @ Epic Quiver — Mon, 09 Jan 2017 20:07:42 +0000

In reply to Jules. I prefer to go off of my after tax income. For 2017 I'm looking at 45% retirement/after-tax investing, 22% housing, 6% travel, 6% transportation (vehicle loan, insurance & gas), 6% food, 4% pet expenses, 3% Emergency Medical savings, 4% utilities (cellphone, gas, electricity), 1% entertainment (Hulu, Netflix, etc.). That leaves 3% left over for whatever

By: J. Money

J. Money — Tue, 14 Jun 2016 17:26:46 +0000

In reply to Jules. I think everyone does it differently :) Some merge it when it comes to saving/investing (for exactly the reasons you mention above), while others do after-tax. Like when saying they put X% of their paycheck towards their house or car or groceries, etc. No real hard answers out there so really just a matter of picking a style to track yourself and then keeping it consistent from there. That way you can track progress using a baseline!

By: Jules

Jules — Tue, 14 Jun 2016 15:59:27 +0000

Are people using gross income or net income when using these %-based strategies? I always wonder how that works since since a big chunk of ours comes out pre-tax for 401k, HSA and giving.

By: Millennial Boss

Millennial Boss — Fri, 29 Apr 2016 06:23:31 +0000

For someone who was portrayed in the media early in her career as being crazy, Angelina Jolie sure is one badass woman. I am trying this year to start investing beyond just my retirement accounts. That will be the next step I think for me.

By: FinanceSuperhero

FinanceSuperhero — Tue, 12 Apr 2016 13:57:07 +0000

In reply to J. Money. I am certainly not going to try to disagree with Warren Buffett, because he has obviously done extremely well for himself. My personal approach is to give 10% all throughout my journey toward financial independence. When I reach FI, I will up my giving as much as my situation allows. Personally, I cannot think of anything that matches the thrill of helping others who are in need, especially when it is done in secret.

By: J. Money

J. Money — Fri, 08 Apr 2016 17:05:54 +0000

In reply to Daniel. Haha... haven't heard that spin on taxes before

By: J. Money

J. Money — Fri, 08 Apr 2016 17:04:45 +0000

In reply to NDQ. Hell yeah man, 40-50% is killer! Be proud of that!

By: Daniel

Daniel — Fri, 08 Apr 2016 14:13:35 +0000

If I were going to compare myself with Ms. Jolie currently, I would use gross pay and considered my taxes as giving, since they go fund Government services, albeit a large portion to military spending (still creates jobs/demand for goods and services). For me it would be 50% savings, 25% taxes/giving, and 25% living.