Budget November 2015 ~ Too Many Gifts!

27 thoughts on “Budget November 2015 ~ Too Many Gifts!”

    1. And the sad part is I only found it because the company happened to send me a letter about it in the mail. Otherwise, it would still be “lost”!

      All I need to do is find another account with around $100k in it and we’ll be all set!

  1. Nice job on the income side of things, and 73% savings is no laughing matter either. Can you remind me of whether or not you include your home/rental in your net worth?

    1. Thanks Hannah! Yes, we do include both our primary residence as well as our rental property in our net worth. Hopefully, both will be sold by around summer of next year.

  2. Hey hey! That is still a great job. This was the most I was ever able to lower my expenses. For some reason I couldn’t seem to break 27% expenses. So instead of trying really hard to lower expenses, I reversed course and focused on producing more income. Cheers!

    1. Thanks Freedom40. Yeah, the Pie Party is an annual thing now, and basically means we have a house full of delicious pies for a nice (and we get a ton of leftovers for a week). May not be the healthiest thing in the world, but it sure is tasty! 🙂

    1. Ha! Yup, I always love finding “lost” money, though I’d much rather not lose it in the first place! Appreciate the kind words. Keep rocking over there, Dominic!

    1. Hi John – sorry, I guess I’m not exactly sure what you’re asking. Are you asking how much we hope to have in investments by the time that we retire? If so, it’s around $750k, but we’ll have more than that I believe once we finally call it quits at the end of 2016.

      1. Thanks Steve. I was not sure if $750K was for 1 person or $750K for 2 people. If it is for 2 people then I’m definitely curious on how much spending is planned on each category (even with RV lifestyle). Might be a blog post topic if you don’t have one already

        1. Hi John – the $750,000 mark is for two people, and we plan on living on around $30,000 a year with a conservative 5 to 6% estimated rate of return. Though we could live on quite a bit less, we feel that $30k is the right number for us going into this new lifestyle. But as always, we’re flexible and will adjust as conditions require.

          We don’t have a post specifically regarding our anticipated post-retirement budget, but we probably should. 🙂

  3. I’m so jealous of your grocery bill 😉 Great job on the savings rate – I love my savings rate when bonuses come in (cause they are yearly!) December is a tough present month for us – 3 birthdays and Christmas, but I got all that shopping done in November, and it wasn’t too horrid. I just love buying presents. I do make a few, but I know this is my weakness. I over bought for one friend, and instead of giving her extra gifts, I returned some! I am so proud of myself!

    1. So true, MrFireStation – I used to consider bonuses “free money” in the past, but not any more. We consider it part of our salaries and save that money like we would regular income. You’re right, the difference truly is huge.

  4. Awesome savings rate. I am a new follower and LOVE your blogs! I am adopting some of your tips on budgeting and tracking. I am curious, how did you come up with your FUN budget every month? I would like to adopt that as well 🙂

    1. Thanks Linda. Are you asking how we came up with the amount for our fun money every month? It was a lot of trial and error. We picked a small amount to begin with and made an honest determination whether or not that amount was doable. It was pretty low originally, but since we’ve now included alcohol, gifts and restaurants in with our fun money, we get to much more easily pick and choose how we spend that every month. Start small, then increase *if you must*. The key is being honest with yourself about how much you truly NEED.

      Thanks for reading!

  5. Nice job on moving everything forward Steve.

    It’s great to see the transparency on your budget and in particular, the balance you strike between living frugally and.. well.. living a little 😉

    We’re buckling down and getting our costs in order after a couple of years of being a bit (actually, very) slack. We have our fixed costs down to a total of £1,100. (~$1,662). Quite low, but then we don’t have a mortgage. It also includes a healthy grocery budget (we like to buy good quality food) and baby stuff (we have a 5 month old).

    Of course, we have our own spending on top of that, which we’re also getting tougher on, but it’ll take a bit of adjustment. My budget is £900 (~$1,360) (fun, running my car, phone etc.) and my partner probably £500 (~$750) (fun). So probably puts us at about £2,500 (~$3,780) overall.

    Writing it out for this reply has made me realise we can cut quicker. We’re nearly as high as your budget, and we don’t have a mortgage! We can cut on food and our own spending which we’ll do for dec.

    Hopefully we’ll be in good shape for Jan / Feb and it will feel normal!

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