I’m not trying to come off as a hipster but I made this financial map for Apathy Ends long before it started rolling. When I first joined the personal finance community in late March, I connected with Mr. AE on Twitter. He was one of my first follow backs on my Twitter. “How Complex is your Financial Map?” was his most recent post at the time and I thought to myself, “what a neat idea from such a round and yellow-faced man! I’ll do it too!”
So I got on my computer immediately and made a quick map before tweeting it to him. I didn’t write a post about it because…well I was new. I didn’t know what I was doing – I just thought it looked cool. At the time I didn’t even know Rock Star Finance even had a forum!
Hubby and I opened up a few more accounts since March so I updated the map again.
I spent a little too long rainbowifying up the map…as you can see. I wanted my financial map to not only show our money prowess but also my design skills. Epileptic unicorn design skills.
UPDATE: I SEE THIS WAS FEATURED IN ROCKSTAR TODAY YESSSS SLAY!!!
So I made another one. Enjoy!!!! Check out others links below!!
I’ve got all the colors of the rainbow!
So yeah, I got a bit carried away with the colors and literally forgot I was supposed to color code them. I already saved it to my desktop by then. Well, at least they are somewhat grouped together
My other regret is the lack of emojis…I forgot to add them again. (There’s a 50% chance I’ll re-do this again.)
The best part about a money map is how simple it makes your finances look in comparison to reflecting them all over mentally. Hubby and I have so many brokerages and I have so many random, (unstable) side hustles that I thought it was going to come out looking like a total mess. It looks pretty neat actually. That was the biggest thing that surprised me.
Almost everyone on the chain did allude to that as well so I think this is in good practice for everyone. I used Draw.io to make it. It’s fun and free.
Let’s start it from the top…
We use our income sources up top to pay the expenses on the bottom. The reserves to the left and right sides of the map are our brokerage accounts. Not too shabby at all.
Hubby has his employer-sponsored 401K contributions and his HSA contributions that takes an immediate bite out of his pay. My meagerly (in comparison) side hustles goes through the cleaners (taxes) first and whatever remains goes directly from our credit union into mortgage #1 and #2 including MIT (mortgage interest tax) and WST (water sewage trash). Airbnb goes directly into our credit union account but we try to estimate the tax withholding first.
Related: Our glossary of income reports.
Occasionally PayPal is the middleman between side hustle to the credit union. I make a habit of never parking more than $30 in my PayPal account. We use credit cards for almost everything and we pay the full balance every month from either our credit union or Discover account.
Hubby and I have 9-10 active credit cards right now but I didn’t map them because it would just be a cluttered mess. #Churners
The Chase and Morgan Stanley accounts are inactive right now. We were using both to park additional funds. We will be closing our Chase account soon; they ticked off my husband with their lack of security, service, and ethics. We keep a few hundred dollar bills in our cash emergency fund at home in case there was a natural disaster. You can bet our plastic credit cards would do no good during an outage. On a brighter note – I find great deals on Craig’s List sometimes so I like to keep a chunk of cash around for that.
Our main brokerage is Vanguard which holds our retirement accounts. My husband was intrigued by Fidelity’s slightly lower expense ratio but we haven’t made the jump yet.
My Robinhood is down about 6% in 2 weeks. So much for doing research. Blah!
The Robinhood account is our “blow money” where I use for a platform to play various stocks. It’s fun – I did well last year. I was not close to beating the market and I didn’t outperform our funds in Vanguard but…hey, that’s my form of entertainment.
There is also contracted amount of restricted stock units (RSU) on the top left of the graph. Hubby received RSUs as part of his hiring package. Roughly 1/3 of the RSUs will be taken out for taxes before Hubby gets them so we don’t have to reserve any ourselves. The rest of the RSUs will go into our half-abandoned Charles Schwab account. Not totally sure what to do with Charles Schwab yet but we’re definitely closing Chase.
Mrs. Adventure Rich says
Woohoo, another colorful map! I’d say it’s a Ru Paul for sure 😉
I find it so interesting seeing everyone’s money management and money flow!
Hehe thank yous :3
Budget on a Stick says
So. Many, Colors!!!!
Love the map. but holy credit card madness batman! What’s the scoop on that?
There’s a lot going on. Probably helps to have it all mapped out!
I really need to write an updated post on our credit card adventures – I’ve been saying that for months. Maybe I’ll have it done by October!
Working Optional says
Love the colors! 🙂
This is so much fun! Love the rainbow chart you have (make sure you use every color out there!) I did not know Money Map existed prior to your post. Love making charts, so I made our own too here. I don’t have a mouse at home and powerpoint for Mac OS is so annoying. Btw, I posted my Hanfun pic in the about page. https://eccentricrichuncle.wordpress.com/2017/09/07/our-money-map/
OMG SO CUTE! Like a blue faerie! Lol nice blur on the face hahaha (unless it’s my internet fudging with me). Safety first!
Mr. Freaky Frugal says
Cool! I wonder if Mint has enough info to automatically generate a map?
I didn’t know Mint did that! I had a Mint account before I knew anything about finance and I freaked out at the amount of terms I didn’t understand. I should give it another shot 🙂
Omgsh I’m dizzy! It’s so funny because I have so many accounts but it seems so organized in my own head. I feel if I wrote it out it’d just look crazy! But it’s always fun seeing where everyone’s money is going and what their cash to account flow looks like 🙂
Dizzy from the awesome!! Oh yeah, everyone’s been making an e-map – it’s a good exercise to just hand doodle one out!
The Luxe Strategist says
“Epileptic unicorn design skills.” Hahahaha!
Wait, I want to know about the credit cards, and the kind of churning you’ve got going on!
Also, how is Robinhood different from other platforms? I guess I could use Google.com, but I’d rather you tell me instead.
Robinhood lets you buy & trade stocks for free! FREE!
I loove the colours, very soothing, reminds me of childhood for some reason, maybe because the colours are like “My Little Pony” colours 🙂
That’s great you have a Robinhood account, I too have a part of my portfolio that wasn’t just indexing along with the market, it satisfies the gambler and speculator in me lol. What kind of stocks did you have in your Robinhood account?
That’s what I thought when I noticed what I’ve done. Haha oh yes the gambler in me likes it a lot! I had um…wait lemme see…SAVE, BPT, ESRX, DHX, IDCC, VVUS and VIAB.
Cory @ Growing Dollars from Cents.com says
Aww so cute. Some financial maps I’ve seen are sooooo boring. Finally one that’s attractive to look at.
I love the concept Robinhood uses, allowing it’s users to trade for free! Anyone can invest in a few of their favorite stocks just for fun or seriously but there’s no cost!
Thanks Cory!!! Robinhood is such a game changer I thought everyone would know what it is already!
Lance @ My Strategic Dollar says
Lily this is amazing! I learn so much from you and your husband! Thanks for sharing!
This is pretty and madness. Well, bit of madness cos I find butterflies on my head trying to follow the map. But a lot of pretty, cos the more complicated is our finance, the more we are like big corporations running a no fail business? I shall try to draw one for myself!
Haha let your creative spark fly Lyn!!
Ms. Raggedly Rich says
Loveeeee this!!! If mine wasn’t just Income to Savings and Expenses, I’d totally be making one too 😛
I was wondering why you didn’t make one! There’s always someday
A. Congrats on getting featured!!! Well-deserved, if for no other reason than your stick person skewered by the unicorn ?
B. Airbnb – sweet! I need to explore this. Hoping my condo offer in Michigan comes through…
WELL THIS IS FLIPPING GORGEOUS HOLY COW
Maya M says
You had me at “epileptic unicorn”. I’ve never seen such a good-looking financial map before. Congrats on the feature by the way!
Thank you mi lady! 🙂