When it comes to budgeting, categorization is the name of the game. If you’re doing great with 95% of your spending but that other 5% is completely obliterating your savings rate, then a self-examination needs to occur. There’s obviously no better remedy for that than setting a monthly budget. But one particular line item in your budget can … More How to Budget For That Pesky Miscellaneous Category
Recently I had a conversation with my boss who mentioned his daughter was going to take a gap year and do some traveling after she graduated high school. I then facetiously quipped, “Yeah, maybe I’ll take a year long sabbatical and travel the world too.” My boss, taking my words earnestly, replied, “Hey, you’re single. … More Sabbaticals Vs. Early Retirement
Often I’ll read a blog or see a YouTube video preaching how extreme frugality is not just THE answer to early retirement, but will also somehow serve as some sort of spiritual awakening. While I don’t doubt their personal experiences, the result of this kind of message is a sugar high for mainstream society. And … More How I Achieve Over A 45% Savings Rate WITHOUT Minimalism
It was a couple of years ago. I had switched jobs to a competitor that forced my previous employer to let me go. Because I had to give four weeks’ notice, I had four weeks of time off between then and when I started my new job. After those four weeks passed, I had a … More The Revelation
