Sudden Savings Surprise

Anyone that has tried to make a major purchase recently – a home, remodel, new vehicle, or electronic purchase – knows how tight supply is for everything after the pandemic. At the same time, investors are wringing their hands over rising inflation. With that in mind, I was surprised to see this JP Morgan chart on the US personal savings rate. People are doing a … Continue reading Sudden Savings Surprise

How Much Is That Doggy In The Window?

How much does it cost to add a pet to the family? Like most things, the answer is “it depends”. We looked at dogs that would be close to free and ones that cost more than $3K before inviting Riley into our house. Then there is the cost of vet visits, supplies, dog food, and grooming. I found this helpful survey online that surveyed 1,300 … Continue reading How Much Is That Doggy In The Window?

What Are You Wasting Money on?

We are blessed to be able to live a comfortable lifestyle in early retirement, by almost anyone’s standards. Our son thinks we are sometimes too frugal, but we’ve enjoyed many vacations, entertainment experiences, and everyday luxuries over the last 4 years. In general, our spending is still in line or even slightly below what we planned for our FIRE escape. Still, like most people, we … Continue reading What Are You Wasting Money on?

Stop Saving, Start Spending In Retirement?

More than 15 years ago, some colleagues and I were talking about how effective we were in building our savings.  We were all making a good living, but some were more successful in building their net worth than others. One colleague – a single guy with a snappy car – mentioned that he started out being a good saver, but had recently been spending too much … Continue reading Stop Saving, Start Spending In Retirement?

Unexpected Expenses In Early Retirement?

Having enough money to support the lifestyle you planned for early retirement is the key concern for many people on their path to financial independence and retiring early (FIRE).  The awesome website had an interesting discussion recently over how much people are spending in early retirement: more, less,or about what they expected to spend before they left their jobs. For us, our spending has … Continue reading Unexpected Expenses In Early Retirement?