Finance, Saving Money

Those Weren’t Mistakes!

[ Day 67 of 2000 ]

Confession time! Every time I see a blog post or an article about someone who is in their 30s and already retired, I feel a pang of jealousy. I know, our case is not so bad. We will be done by 42. However, I still feel like we should have done better. We have always lived our life fairly frugally – Not as frugally as we could, but compared to our income. We have always been paid very well. Why did we have to work for so long? We should have retired already.

Finance, Saving Money

Shave A Year Off Your Mortgage – Just $3,600 Could Save You $8,000!

[ Day 63 of 2000 ]

We made the decision of paying off our mortgage before we retire. We make extra payments towards our mortgage to achieve this. But is this a good move?

Strictly speaking, you are better off not paying anything more than you have to, towards your mortgage (or any other low interest loan). If you have the discipline to invest that money, that is!

Buy Nothing Challenge 2018, Frugal Living, Saving Money

Buy Nothing in 2018 Challenge

[ Day 60 of 2000 ]

I am scared of no challenge! So when the Happy Philosopher asked if anyone wanted to participate in the buy-nothing-for-a-year challenge, I decided to accept it. Without considering my current wardrobe situation. Wise decision? Not so sure. Hard-to-follow decision? For sure!

Finance, Saving Money

The One Thing We Do To Avoid LifeStyle Inflation

[ Day 39 of 2000 ]

Our salaries have been going up every year. I even changed my job in between – that resulted me in getting an increase in salary, and some joining bonus. They spread it out over a few years, which means I keep getting it in chunks. BusyDad’s employer pays them bonuses four times a year. Altogether, in 2017, we have had at least 8 paychecks which was more than the routine, and two salary increases (one for each of us). That is just 2017. If you look at the last four years that we have been saving, I am sure our pays varied a lot.

Through all of this, our spending has remained the same. I am not saying that it doesn’t vary from month to month – Some months are really expensive. Like summer for instance. I was looking at the child care expenses to claim what is tied up in our FSA, and realized that we spent close to 2700 dollars on summer camps. And this is after we took a two week break to travel cross country. In my defense, both of us work full time, we need the child care.

Finance, Saving Money

How Losing Weight and Saving Money Are Similar; And How They Are Not

[ Day 35 of 2000 ]

I know a lot about trying to lose weight. I should know, I have been trying for a while now.

I have good discipline when it comes to saving money, but not so much when it comes to avoiding yummy food. Going through a lot of finance related blogs recently, I noticed that financial issues people face are different. There are some like me who want to retire as soon as possible, and at the other spectrum are those who deal with getting out from debt.

I have never been in debt (other than our mortgage, and car loans that was paid off quickly), so you would think that it is hard for me to understand that part. However, having been overweight for the last 10 years of my life, I understand people who have little to no control over their spending. Because that is how I am with food.