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 ... 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! 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 ... Show Me More!
Despite all of my bah-humbug, I’d like to wish everyone reading a Merry Christmas, Happy Holiday, and goodwill to all people. Special thoughts go out to those who are having a hard time right now, whether it be through illness, loss of a loved one, or loneliness. I also extend my appreciation to people whose jobs require them to work over Christmas. Thanks for keeping our essential services running. Mr. ETT and I are busy cleaning, preparing, arguing about the air conditioning… and loving having time to ourselves. See you all in 2018, when we’ll be another year closer to FIRE! ... 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! This was the month I had a meltdown, fell off the wagon and generally decided I didn’t want to adult any more. Thankfully it began to pass after a couple of weeks, but I’m still ... Show Me More!
My childhood memories of Christmas are wonderful. We were on holidays with no homework to complete for next term. We could do what we wanted with our days. We roamed the neighbourhood with kids from the street, riding our bikes and swimming in the pool next door. I could read all day if I liked. Christmas was a time of anticipation—decorating the Christmas tree, adding wrapped presents underneath, putting up tinsel and spray-on snow*, waking early on Christmas morning to race out and see what Santa had left for us, then playing with new toys all day. Of course there was some sort of Christmas meal, but they don’t feature ... Show Me More!