Banner 2017 Spending Review

June 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! June turned out to be a better month than I was expecting. We exceeded our daily spend rate goal last month, and I knew we had a big bill coming up this month. In the absence … Show Me More!

Banner 2017 Spending Review

May 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! Daily Spending Rate May was a return to normal after our holiday in New Zealand. And when I say normal, I actually mean expensive. We had two big bills, and two unexpected expenses. Our daily … Show Me More!

Banner 2017 Spending Review

March 2017 Spending and New Habits Update

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! Last month I got the feeling that March would be spendy… and it has been. We paid our health insurance to put off the price rise for 12 months (but they always get you in … Show Me More!

Banner 2017 Spending Review

January 2017 Spending and New Habits Update

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! via GIPHY How did we do for January? Our daily spending rate goal was $194.34. We only spent $131.40. One month down, but I’m not becoming too cocky – February only has 28 days, and we … Show Me More!

Food Banner

ETT Budget Breakdown with YNAB – Food

I love seeing how other people budget, getting down to the nitty-gritty of their categories and numbers, but I don’t feel it is fair to gain value out of what others are contributing without contributing something ourselves. As promised, here is the sixth Budget Breakdown for the Enough Time Machine. This represents how much we budget per month, not necessarily how much we spend. This week we are looking at Food.   The food category in our budget is our Achilles heel. We spend totally ridiculous amounts on food; I feel so ashamed, I don’t really want to put this post on the Internet. It’s like losing weight – we know exactly what we should do to reduce … Show Me More!