Family Spending Plan (Budget) and Net Worth Update: 2020 Q2

Family Spending Budget Q2 2020

High-level Summary We realized our Coronavirus savings by moving the money from our checking accounts into our savings vehicles Our net worth jumped a whopping 35% and we finally crossed over the 500K mark Last quarter we pulled our kids out of daycare and we were saving major bucks. However, we hadn’t actually put the … Read more Family Spending Plan (Budget) and Net Worth Update: 2020 Q2

Family Spending Plan (Budget) and Net Worth Update: 2020 Q1

2020 quater 1

High-level Summary We came in 26% under budget for the quarter, thanks due to the Coronavirus. Our net worth remained unchanged, despite lower stock market returns. My partner in crime (aka my wife) made a giant leap toward our progress to FIRE. At the time of this writing, we are approaching 5-6 weeks under quarantine. … Read more Family Spending Plan (Budget) and Net Worth Update: 2020 Q1

Is a two-income household still worth the effort: COVID-19 chronicles?

covid-19 chronicles

I am wrapping up my second week of working from home since the outbreak of the Coronavirus. We’ve been in quasi-quarantine for the last ~4 weeks. Needless to say, Im questioning everything I know about life. Working at home with 2 kids under 4, in a job driven by stock market activity is terrible. And … Read more Is a two-income household still worth the effort: COVID-19 chronicles?

Escaping The Rate Race: The Portfolio Income Strategy

Continuing to explore Uncommon Dream’s 7 strategies to escape the rat race. The portfolio income strategy is really the crux of the FIRE (Financial Independent Retire Early) movement. All you have to do is simply “accumulate an investment portfolio large enough to indefinitely cover your cost of living”. Sounds easy enough ehh! This is the … Read more Escaping The Rate Race: The Portfolio Income Strategy

Family Spending (Budget) Plan and Net Worth Update: December 2019

Budget Chart Dec 2019

Despite all the traveling we did, and taking into account the holidays, we escaped December relatively unscathed. Our spending was above average for sure, but it was not our highest spending month. Our net worth jumped another $60K during the quarter. This was mostly due to stock market highs. Ohh, and Zillow decided our house … Read more Family Spending (Budget) Plan and Net Worth Update: December 2019