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.”
Well well, 7 months along. Welcome to the monthly report! Considering it takes most people YEARS to reach FIRE, I’m doing okay I guess. I realize that I need to set some serious FIRE goals to allow myself to better measure success. I’d appreciate knowing what kind of goals you set for yourself financially? I do have a goal to pay all debt except Mortgage by June of 2020 (Which I’m secretly planning to beat). However I’m toying with the idea of setting specific goals for monthly expenses, income increases, savings rate, etc. Continue reading “Month 7 FIRE Report – April 2019”
Hello 2 blog readers!
Sorry for the very long delay between blog posts. The holiday season has really taken over all of my free time…funny enough many of my free blocks of time are disappearing without things being crossed off the list. Not SURE what’s going on there. Anyhoo, I want to continue with FIRE status reports, since that is the reason I’m doing this blog…to keep myself in check! Continue reading “2 Months of FIRE – Status Report”
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”
I’ve been attempting to achieve FIRE (or even just FI) for just over a month. I wanted to do a summary post of what we have achieved so far. Also, what is measured is improved, so I’m helping myself by telling you all about it!
There have been 3 main ways I’ve attempted to improve our financial situation: Continue reading “1 month of FIRE – Status Report”
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?”
If you’ve been following along in my FIRE journey, you know that I’ve started the ball rolling by reducing our family expenses. I’ve invested $84 USD to access the budgeting tool at youneedabudget.com (YNAB), since I’ve had a great experience so far with the 34 day trial (currently on day 33). This post is NOT sponsored by YNAB!
The tool itself doesn’t “save you money”. However what it does do is change your mindset. Continue reading “The Power of YNAB – A Newbie Review”