When I first looked at how to reduce our spending, I started with food. Unlike council rates, I could control how much we spent and it provided an easy win. But did you know that focusing on reducing food waste can provide wider economic, environmental and social benefits too? “It is estimated that Australian households throw away almost $4,000 worth of unused food each year.” – Hon Michaelia Cash and Hon Zed Seselja Why Fight Food Waste? Social Benefits “Eat your dinner. There’s starving children in Africa.” Anyone remember this oft-repeated phrase from my childhood? Although trite, food insecurity occurs in all countries, including Australia. Our food industry produces enough to feed ... Show Me More!
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! Yet another huge surprise this month because we stayed below our target. “Big deal, Mrs. ETT,” I hear you say. “Why wouldn’t you?” Because our food spending was “YUUUUUGE”. It was beyond yuge, it was stratospheric. ... Show Me More!
Have you ever tried selling your unused clutter? I finally joined the modern age and tried to sell on Facebook. Our house is full of clutter. There, I’ve said it. We’ve been here nearly 20 years, and I obviously have problems throwing things away. Since discovering FIRE, I have taken the first step. I stopped bringing things into the house. I’ve said no to freebies. I place items that I’ve felt obligated to accept, straight into a box to give to charity. Before buying items, I consider how useful they will be. I think carefully how often we would realistically use them. It’s not fun to take a long hard ... Show Me More!
Food. For many Australians it accounts for the second or third biggest chunk out of their budget, after housing and/or transport. Poor food choices are also leading to an increase of “lifestyle” diseases, such as Type II diabetes and heart disease. Four Australian personal finance bloggers (Adventures with Poopsie, All About Balance, FIRE By Thirty-Five and yours truly) decided to get together and offer an in-depth look at how we all “do” food in our households. It doesn’t matter whether you like to plan or just wing it, whether you have gourmet tastes or enjoy simple food, or whether you love or hate cooking; we’re sure you’ll find some tips ... Show Me More!