Starting Self-Employment

-written by Cel

Last week, I resigned from my job. In a few weeks, I’ll be doing freelance editing/proofreading full-time (or less than full-time – it’s entirely up to me). A lot of people publish books on Amazon Kindle and such, not through traditional publishers. As such, they may not have editors or proofreaders, which leads to a lot of mistakes in their books. Typos, grammatical mistakes, missing words in a sentence, extra words, continuity errors, etc. I fix all of those.

How did this happen? Let’s go back a few months ago.

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2017 Financial Report

-Written by Steph and Cel

It’s our favourite time of the year – time for our annual financial report!

We finished the year in great shape, with a net worth of $317,972. That’s a $73,631 increase from last year! We also had a whopping 65% savings rate

A few notes before we get into the data. This year’s tallying feels somewhat strange, because we’re reporting as of December 26th due to leaving on vacation tomorrow. There have been a few slight adjustments to account for this – mainly, we added the year-end paychecks we haven’t received yet to our income and net worth.  Also, our First World Problem of the Day: How to properly handle year-end accounting with an international vacation that straddles two different fiscal years. We’ve paid for most of our vacation already – flights, accommodations, etc, are already included in our 2017 spending – but any incidental costs incurred in the last three days of 2017 will be pushed to 2018’s travel budget.

Now, on to the numbers. Continue reading

2017 Mid-Year Review

We are officially halfway through 2017, and doing great! Fresh home from an amazing trip to Portugal, Spain, and France, it’s time to have a look at our half-year progress for 2017.

Our net worth has increased from $244,341 to $272,751 – a $28,410 increase! That’s an average monthly increase of $4,735, which is very reasonable given our income. We are currently sitting at a 55% savings rate for the year, which is skewed low since we’ve already paid for most of our travel for the year (meaning it should boost above 60% by year end). Continue reading

How Fat is Your Budget?

Some people think our spending is insanely low and borderline mountain hermit. Frugal friends take one look at our annual travel spending and keel over and die. Today, we’re going to do a little bit of math and determine just how lean our budget is. We’re going to use 2016’s numbers for simplicity, though if I like the results, this may become an annual thing. I’m writing this as I run the numbers, and have no idea what the results will be. How fat is our budget? Continue reading