Living within your means can denote a lot of different things to various people. It depends not only on who you ask but how you ask! Some folks may see that their total monthly cash outflow is less than their cash inflow and feel okay with that. Some savvier individuals know they need to limit … Continue reading Study Up On: Living Within Your Means
Welcome back for Part Two! Last post, we discussed how Food, Transportation and Shelter make up 47% of median income in Canada. This week, the focus will be on Transportation which is a whopping 14.7% or $11,909. TRANSPORTATION In the FN household, we have one car for the two of us. And it's a real … Continue reading The Big Three – Part Two: Transportation
Hey Everyone! Not sure about all of you, but I have become infatuated with Zero Dollar Days. This is where I try to make a point of spending no money on workdays. As we're talking about 5 out of every 7 days in a week, over time, the effects of this can really snowball. Personally, this … Continue reading Zero Dollar Days
Hey Everyone, So far, we've touched on some key concepts if you want to FIRE (financial independence, retire early). Things like... Defining Frugality; Basic Concepts of Capital (financial and human); The Wonder of Compound Interest; And what many people fall victim to, which is Lifestyle Inflation as your earnings grow; This is all great information … Continue reading Find Your Ethos
What's up everybody! For those who do not know me - I am Mr.FN. I am new to the blogging game and enjoying it immensely. For me, it's a new creative outlet (guitar, singing, and bass being my others). It's something I've thought about for a little while now, and am extremely glad I took the … Continue reading DANGER! Lifestyle Inflation!
When we talk about FIRE (financial independence, retiring early) one of the most crucial things to understand aside from saving is compound interest. As Einstein once famously said: "Compound interest is the eighth wonder of the world. He who understands it, earns it...he who doesn't...pays it." - Albert Einstein Well said (Pretty smart guy!). Let's … Continue reading Compound Interest – It’s A Choice
Frugal may mean a lot of different things to a variety of people. For those living the "average" life, you might think... "Frugal? Isn't that just another word for poor? Why would I live like that if I'm making all this money!" Let's start with a basic definition, courtesy of http://www.dictionary.com: Sparing or economical with … Continue reading What Does Frugal Mean?