When it comes to spending our money, there are really only 2 things my wife and I tend to splurge on: restaurants and travel. Both of us really enjoy seeing new places and sampling the local food scene. That being said, those two things can get really expensive, really quick. Last year, we spent about … Continue reading The Travel Hacking Experiment – Part 1
For the first quarter century of my life, no one except for my parents seemed to care about my financial well being. When I went to the bank to set up my first bank account, we simply filled out the forms and that was it. No advice on how to use the account, whether or … Continue reading That Time I Sucked at Money
While fixed costs are easy to budget, life’s other expenses can present special challenges. Things such as groceries, clothes, and gas can have variable expenses from month to month and unexpected expenses, should be, well, expected. Fortunately, you can still plan ahead for these types of costs and work them into your infiBudget. First, in … Continue reading Planning Your Slush Fund
One of the most important questions to ask when starting something new should be, “What can I expect?” If the new thing is a medication, you ask about any changes you may notice, side effects, drug interactions, etc. If it’s a new service, you’ll want to know how much it will cost and what type … Continue reading The infiBudget in Action!
Recently, I sold my car and bought an older, much more generic car. While not an incredible life decision in and of itself, it represented a lot more to me than one might think. The car represented the carrot (somewhat literally when you look at it) at the end of the stick that drove me … Continue reading Switching Gears – The Start of My FI Journey
Now, it's time to make your own infiBudget! What You'll Need: The infiBudget spreadsheet for your current situation (Single or Couple) Your recurring bills Your paycheck 2-3 bank accounts (at least 2 of which are checking accounts) Estimated living expenses for necessities outside recurring expenses (food, clothes, gas, etc.) Optional: Financial tracking software such as … Continue reading Making Your Own infiBudget
What do budgets and diets have in common? If you adhere to a diet, in general you'll become healthier physically and if you adhere to a budget, you'll become healthier financially. However, if a diet is too intrusive, most people will give it up after a short while. Likewise, if making budgets becomes too much … Continue reading Building a Better Budget