Comments on: The Cone of Uncertainty and How it Impacts Your Personal Spending Plan http://www.onemoneydesign.com/the-cone-of-uncertainty-and-how-it-impacts-your-personal-spending-plan/ Christian Stewardship and Personal Finance Blog Mon, 21 May 2012 15:30:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Jason Price http://www.onemoneydesign.com/the-cone-of-uncertainty-and-how-it-impacts-your-personal-spending-plan/comment-page-1/#comment-256 Jason Price Sat, 12 Sep 2009 04:02:02 +0000 http://onemoneydesign.com/blog/?p=2602#comment-256 Threadbndr, Thanks for sharing. I applaud your discipline in avoiding spending the excess and that you are concious about the purpose for this surplus, when it occurs. Keep up the good work! Threadbndr,
Thanks for sharing. I applaud your discipline in avoiding spending the excess and that you are concious about the purpose for this surplus, when it occurs. Keep up the good work!

]]> By: Week Round Up: Watch Out For These Financial Counselors Edition | One Money Design http://www.onemoneydesign.com/the-cone-of-uncertainty-and-how-it-impacts-your-personal-spending-plan/comment-page-1/#comment-252 Week Round Up: Watch Out For These Financial Counselors Edition | One Money Design Fri, 11 Sep 2009 21:06:15 +0000 http://onemoneydesign.com/blog/?p=2602#comment-252 [...] pleased to announce my article, The Cone of Uncertainty and How it Impacts Your Personal Spending Plan, was included in The Carnival of Personal Finance #221 – Labour Day Edition this week hosted [...] [...] pleased to announce my article, The Cone of Uncertainty and How it Impacts Your Personal Spending Plan, was included in The Carnival of Personal Finance #221 – Labour Day Edition this week hosted [...]

]]> By: threadbndr http://www.onemoneydesign.com/the-cone-of-uncertainty-and-how-it-impacts-your-personal-spending-plan/comment-page-1/#comment-250 threadbndr Fri, 11 Sep 2009 20:50:11 +0000 http://onemoneydesign.com/blog/?p=2602#comment-250 Interesting - I'd never heard of the "cone of uncertainty" before. I treat each month's budget as it's own "project". Any excess is handled by using a 'sweep' account. For my household budget, this is the utilities account, for personal spending budget, it's gasoline. These are my most variable accounts, so any excess in other categories dumps into them. Last month's ending balance becomes this month's beginning balance. So by midway though the year, the sweep account has a fairly large 'cushion'. That made last year's high energy prices frustrating, but not devestating. I do have a max limit on the sweep accounts. If I hit that, some of the excess is siphoned off to investments. Interesting – I’d never heard of the “cone of uncertainty” before.

I treat each month’s budget as it’s own “project”. Any excess is handled by using a ‘sweep’ account. For my household budget, this is the utilities account, for personal spending budget, it’s gasoline. These are my most variable accounts, so any excess in other categories dumps into them. Last month’s ending balance becomes this month’s beginning balance.

So by midway though the year, the sweep account has a fairly large ‘cushion’. That made last year’s high energy prices frustrating, but not devestating. I do have a max limit on the sweep accounts. If I hit that, some of the excess is siphoned off to investments.

]]> By: Carnival of Personal Finance 221- Labour Day Edition | Financial Highway http://www.onemoneydesign.com/the-cone-of-uncertainty-and-how-it-impacts-your-personal-spending-plan/comment-page-1/#comment-234 Carnival of Personal Finance 221- Labour Day Edition | Financial Highway Tue, 08 Sep 2009 06:07:03 +0000 http://onemoneydesign.com/blog/?p=2602#comment-234 [...] @ One Money Design from One Money Design presents The Cone of Uncertainty and How it Impacts Your Personal Spending Plan, and says, “Your personal spending plan can be viewed as a project geared towards reaching [...] [...] @ One Money Design from One Money Design presents The Cone of Uncertainty and How it Impacts Your Personal Spending Plan, and says, “Your personal spending plan can be viewed as a project geared towards reaching [...]

]]> By: One Money Design Weekly Round Up: Four Day Weekend Edition | One Money Design http://www.onemoneydesign.com/the-cone-of-uncertainty-and-how-it-impacts-your-personal-spending-plan/comment-page-1/#comment-213 One Money Design Weekly Round Up: Four Day Weekend Edition | One Money Design Fri, 04 Sep 2009 21:48:55 +0000 http://onemoneydesign.com/blog/?p=2602#comment-213 [...] Managing the cone of uncertainty when it comes to estimating expenses can help create a more accurate personal budget or spending plan as I discuss in The Cone of Uncertainty and How it Impacts Your Personal Spending Plan.  [...] [...] Managing the cone of uncertainty when it comes to estimating expenses can help create a more accurate personal budget or spending plan as I discuss in The Cone of Uncertainty and How it Impacts Your Personal Spending Plan.  [...]

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