There’s A Fly In My Ointment – 2018 Spending Goals

This time last year, I’d recorded our first yearly spending, and the shock of the number drove me to set a goal of reducing our spending by 10% in 2017. I was fired up and ready to commit, to both financial and personal goals. After achieving our 2017 spending goals, I find myself at a bit of a loss. There isn’t this big, horrible thing driving me, although we know we still spend a good $20,000–$30,000 more than most other Financial Independence bloggers. I’ve been collecting possible ideas in my brain, reading what others are doing, and letting it all swish around. I’m finally ready to put something together. First, the

I Got A New (Temporary) Job!

Regular readers may remember way back in February, I mentioned that the opportunity to take a temporary job as a Business Analyst seemed to have arisen — as long as I was willing to do it for no extra pay. For those that don’t remember…  An Exciting Opportunity From initiation, the project I am working for identified the need, and budgeted, for a business analyst (BA). Our business has a department of business analysts, so it was expected one of them would be brought into the project. At the time, they were all tied up, the business advertised the role externally as a contract. For reasons that are absolutely beyond

How We Reduced Our Spending By 10% in 2017

This time last year, I was writing about the shock of calculating our 2016 spending total. We had spent nearly $80,000, which didn’t even include housing costs. Having no idea what was possible, I set us the goal of reducing our spending by 10%, excluding a planned holiday. Our stretch goal was to reduce our spending by 10% overall. We achieved our stretch goal, with a total reduction in spending of 10.75%. Here I will compare each of our spending categories to determine where the savings came from, starting with a cool Sankey Diagram. I recently learned of this from J.D. Roth at Get Rich Slowly, so of course I

December 2017 Spending and New Habits

After our expensive year in 2016, we set ourselves a goal to reduce our spending by 10% in 2017. We want to do this because it has a double effect. Firstly, it frees up more money to invest for our future. Secondly, if we can live on less, then it brings that future much closer. In 2016, we spent $80,000. To generate that using passive income and the 4% rule, we would need $2,000,000 invested! Happy New Year! December is the party month and the holiday month and the spending-on-gifts month. Surprisingly, this didn’t lead to as big a blow-out as I was expecting. This is partially because we managed