How drawing out a 'savings roadmap' helps me budget my money - Business Insider

, you are in the best position to take advantage of a savings roadmap. You can use your roadmap to plot out an automated savings plan where your money works hard for you with very little maintenance required.When drawing out your roadmap, be sure to include all of your checking, savings, and investment accounts. It's also a good idea to consider all of your regular monthly expenses from your budget when drawing out your plan.

Everyone has different goals, so your savings plan probably won't look exactly like anyone else's. Like with most parts of personal finance, you shouldn't worry about where your friends or neighbors spend their money. Your budget and goals should be as unique as you!My financial goals these days are mostly

, retirement, and my kids. I'm also self-employed, so my irregular income takes a bit more work to keep up with my current financial setup than when I had a full-time job with a predictable biweekly paycheck.My income all comes in through my business. I get paid through a weekly direct deposit using a payroll provider and get additional payments as dividends. My business also funds a SEP IRA as an employer-sponsored retirement plan.

With so many goals, it would be hard to keep everything straight in my head. That's why using a personal finance app or drawing out a roadmap like this can be so useful in reaching your financial goals.I have made a roadmap like this to better chart out my money path about every three years. It takes less than 10 minutes to pull everything together and draw it out but can provide incredibly valuable insights that can help you upgrade your savings and investment strategy.

Remember, unlike my roadmap, yours is not going to be public. No one else will see it other than a partner or spouse, who should be on the same page as you when it comes to financial matters. It doesn't have to be beautiful or perfect, it just has to show you where your money goes.over time. Every few years, it's worth reassessing your goals to make sure you're funneling your money to the accounts that are most important to you.

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