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What Is the True Cost of Owning a Car in 2019?
Next to housing, one of our biggest annual expenses is transportation. This includes car payments, insurance, maintenance, and even the price of gas to fill up our vehicles. Overall, our annual transportation costs comes in as our 3rd highest expense category … well behind housing (#1) and close to food (#2). Unlike with our housing […]
Continue ReadingHow Much Does It Really Cost to Own a Home in 2019?
For the past 3 years, I have made it a tradition to publish a post detailing our annual housing expenses. I have found that these summary posts have several benefits. For example, I like to know how much our family is actually spending each year to live in our home. I have a general idea […]
Continue ReadingWe Paid Off Our Van – And it Feels Awesome!
For anyone who has been keeping up with our net worth reports, you may have noticed we are working towards paying off our debt. The good news is that we don’t have a lot of consumer debt from credit cards, even though the majority of our spending is done on credit. We manage to pay […]
Continue ReadingHow to Increase Your Savings Rate When You Get a Raise
One of the easiest ways to increase your household savings rate is to take advantage of raises at your job. Actually any type of raise or increase to your income can be used to quickly accelerate your savings rate. For example, I was recently notified that I was getting a market increase at my job. […]
Continue ReadingHow to Calculate Your Household Savings Rate
If you follow any financial independence blogs or podcasts … a resounding theme is to save a lot more than you spend. Some bloggers call it “growing the gap” … which basically means increasing your income while lowering your expenses. Everything leftover would be considered savings. In order to reach financial independence one day in […]
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