Banner 2017 Spending Review

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 ... Show Me More!

Banner 2017 Spending Review

November 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! 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!

Banner 2017 Spending Review

October 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! 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!

Banner 2017 Spending Review

September 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! Urgh, this was a month of excess and things breaking down. Also, there was a mix-up with my pay at work, so it arrived over a week late. While this has no practical implications for ... Show Me More!

Banner 2017 Spending Review

August 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! August turned out to have some unexpected expenses. We paid to replace our clothesline, along with our microwave. We also had a medical bill not covered by Medicare. Daily Spending Rate I thought that by ... Show Me More!