Here in Canada, you can deposit money into your retirement account before March of 2020. You can then deduct the amount on your taxes. If you’re a Canadian reading this, you are likely aware. Continue reading “I’m getting a bit of extra taxes back for 2019…for the first time ever.”
In October 2018, we installed 2 heat pumps. Coincidentally, this coincides with my first month on the journey to FIRE.
In some ways it was not a FIRE-y thing to do – spend thousands of dollars we didn’t have. In other ways, it could be considered FIRE-y if the ROI is good enough to justify the purchase. Today, I’d like to dive into some numbers to determine our estimated ROI and if it was all worth it. Continue reading “Heat Pumps – were they worth it?”
This past week has been very slow for the $500 challenge. To read more about the $500 challenge, go here. I made $22. Not great. My eBay item did not sell this week, so this was a sale of 3 items on Facebook Marketplace. I’m debating if I should start including CC cash back rewards and Savings interest, but I kinda feel like that’s cheating. Sooo I’m just going to focus on bonus cash above and beyond those things. Continue reading “$500 Challenge – Progress Report 3”
It’s been 6 months of attempting to achieve FIRE as of March 2019. I’d like to say I’ve saved thousands of dollars, and made thousands more than pre-FIRE times. But I’m not there yet. Continue reading “Month 6 FIRE Report – Delayed, but not Forgotten”
I thought it would help me with accountability if I posted weekly Fire activities. Here’s the details for last week! It will be a short post, but I’m going to try to do SOMETHING every week, so this is a great way to motivate myself (even something small that I do Sunday night at 11pm because I know I need to blog about it!) Continue reading “Fire activities – Week of Jan 21 2019”
After listening to tons of podcasts and reading tons of blogs about FI/RE, investing is something I need to learn about. Things like, what is an index fund? What’s an ETF? What the f&*k is everyone talking about? Continue reading “Learning about Investing – Diary of a person who knows zero things”
Since joining Instagram (@_tonfire), I’ve found a huge community of individuals attempting to achieve FI and/or FIRE. It’s very reassuring to see that so many people think this is a good idea! Also it’s very interesting to see the different methods and approaches that people are using to reduce monthly expenses. Continue reading “Pre-FIRE Monthly Expenses Unleashed!”
The first 10 days of November have been a bit of a struggle in terms of sticking to my budget. As you may know if you’ve been reading my blog, I use YNAB for budgeting. YNAB forces you to only budget money you have. Which is great when you are trying to reduce spending beyond your means. However, I have never tried to only budget for money I have. It’s so common sense but also so revolutionary…which makes no sense I realize. Continue reading “Sticking to a Budget”
Although I was really “gung-ho” last month, focusing a large amount of effort on achieving financial independence is well…exhausting. I am finding it difficult to keep up with:
- tracking and lowering our monthly spending
- paying off debt at an accelerated pace
- attempting to increase income via side hustles (and tracking that too!)
Guys. I was listening to the ChooseFI podcast last night.
A recurring theme is “How much you need to save monthly or annually to achieve financial independence”. The amount that is continually thrown around is 50% of your income. Which, unless we sell our house, cars, and start riding bicycles to work, isn’t going to happen. Continue reading “Financial Independence – Is it doable for me?”