Every year, PNC Bank calculates the “true cost” of the Twelve Days of Christmas. I wrote about it 7 years ago, when the twelve gifts, bought individually, cost $39.1K. Link: FIRE Station Fun – What Do The 12 Days of Christmas Cost? Link: PNC Bank – Cost of Christmas I’m not sure where you would procure most of the gifts in the Victorian musical fantasy, … Continue reading 12 Days of Inflation
These two bags of groceries (plus a couple gallons of skim milk) were a whopping $107 at Target today. I’m old enough to remember when our grocery bags averaged $15 each. That rule of thumb was from 35 years ago (in 1990) when we first got married and watched every $ closely. Related: Cut Those Prices In Half! I know prices have been rising, but … Continue reading Sticker Shock
There was a recent article in the Wall Street Journal talking about how expensive it has gotten to go to Walt Disney World. Friends have been asking me about it since we live a few miles from the World Drive Main Gate and go over there quite a bit. There’s no doubt the price of a trip to Walt Disney World has gone up, but … Continue reading Disney Comparison
That’s our nice SUV – sitting in the garage of our recently-purchased condo in Florida. We drove it down to Florida a few weeks ago and left it there. Now we need to replace the hole it left in our Minnesota fleet – where we spend most of our time. The big challenge in replacing it is that the automobile industry is in a bit … Continue reading Hole In The Fleet
Wow. I cannot believe how high inflation has soared over the past few years. High inflation has been my biggest concern since we early retired. I’ve probably written 15 posts worrying about what may happen to our FIRE plans if high inflation came as a result of the economic Pol-idiots in Washington DC. A few favorites: Cut Those Prices In Half! IRS Changes Don’t Keep … Continue reading Who’s Afraid of Inflation?
This chart pops up on the internet now and then – and just got updated. It shows how much prices have changed since the ‘turn of the century’ for a number of categories. No surprise, Healthcare and College Tuition have grown much more expensive. They far out pace every other category on the chart, including wages, housing and food. Other things have dropped in price. … Continue reading Retiree Inflation Exposure
A few years ago, I wrote about my hobby of collecting antique Shiny Brite Christmas ornaments from the 1940s-1960s. Since I retired in 2016, I’ve probably collected upwards of 50 of them. Among all of the things you could collect, Shiny Brites were very affordable. I’d pick up a glass lantern, UFO, or a curvy tree for just $4-$6 on average. If I found a … Continue reading Inflationary Christmas Treasures
It’s the busy season for charitable organizations as the end of the year comes close. The end of the calendar year is also the end of the tax year, so 501c3 non-profits hope to close out 2023 strong. Unfortunately, giving trends haven’t been positive for a while. The chart below shows American giving over the last 40 years. While there is some bounce in the … Continue reading Ring Out The Year Charitably
The media keep telling me that inflation is moderating, yet the 4 bags of groceries we bought at SuperTarget today cost $189. What’s going on with inflation?? I’m not the world’s savviest investor, but I’ve done all right. I’ve always looked to the 10 Year Treasury Yield as a decent indicator of what is expected with inflation over the longer term. As you can see … Continue reading What’s Really Going On With Inflation?
When I was a kid in the 1970s our family – like many Americans – followed President Nixon’s ‘Project Independence’ national energy plan, which included lowering our thermostat to 68-degrees during the day. In 1977, new President Jimmy Carter went 3-degrees lower, asking Americans to cut the thermostat temperature down to 65-degrees. That was cold! We wore sweatshirts indoors, quilted “polar slippers” from the JCPenney … Continue reading Keeping Warm This Winter
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