Well, our travel spending was through the roof again. But we sure covered some ground in 2017! Here’s where we ended up, with our final bill of $9,588 (gasp). Continue reading
-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
Celebrating milestones is always more fun with Spongebob Squarepants. This is also our 100th blog post!
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
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
- Written by Steph
Wow, time flies – our fourth annual Grocery Tracking Challenge has finished. For anyone who’s not familiar with this project, every year we spend one month doing a very detailed analysis of our grocery spending, including everything we buy and cook. Our costs have stayed very consistent over the years, despite the constant barrage of “Food prices are skyrocketing!” hysteria we all hear about constantly. And this year’s results are in! Continue reading
-Written by Steph
It’s always nice to look back at the path that’s brought you to today. This post is a brief summary of the year by year process of the first half of our early retirement journey, detailing that slow, sucky process that everyone hates – the waiting time where your net worth increases are almost entirely from savings, and your investment returns are minimal. Luckily, it only lasts a few years! Here’s where we’ve come from so far… Continue reading