job-free at 37

Month: June 2019

How frugality gives you the income of a richer person

Last week I wrote about how moving to a place with a cheaper cost of living (specifically accommodation costs) such as a smaller city or town, can give you similar disposable income to a richer person in a big city. This week I want to show you how simple being more frugal can achieve the same thing (of course for maximum effect, do both!)

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How geoarbitrage gives you the income of a richer person

There are lots of ways to measure wealth. Net worth is a very common one. Income is another. But it could be argued that disposable income is an accurate measure of how wealthy someone feels in their day-to-day life.

Disposable income is basically the money you have left each pay check after you’ve covered off all your essentials. How much of it you have can make a huge difference to how stressed or relaxed you feel about your financial situation. And where you live can have a huge impact on how much disposable income you have.

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How We Budget – Part II

I previously discussed how we budget. I was going to include as part of that a description of what kinds of expenses we include in different categories, but that part of the post ended up being so long it made more sense to put it into a separate post. So below is that information. I highly recommend reading Part I for context.

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How We Budget – Part I

First up, just a bit of a notice. I’ve been trying to write a fortnightly post plus a monthly net worth update. So far I’ve been succeeding! I’m going to attempt to up this to weekly seeing as I seem to be able to stay disciplined, but let’s call it a trial and see how it goes 🙂

There’s plenty of opinions out there regarding budgets and whether they should be called budgets and whether you need a budget. Some people probably don’t. They’re just good at not spending. I’m not one of those people. I thought I was, but then I started tracking how much I was spending and realised I was spending hundreds of dollars every month on all sorts of crap. So unless you know that you know that you know that you are one of the most frugal people on this earth, it probably wouldn’t hurt to review your spending and consider whether you might need a budget.

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Net Worth – June 2019

June is an important month in NZ as it marks the end of the KiwiSaver year. It’s important to have contributed $1043 to your KiwiSaver by the end of June so you can get the maximum Government Contribution for the year. We achieved this for Mrs. R2A by the end of May. So despite hardly working in the past 12 months due to maternity leave, she is sorted for KiwiSaver. Unfortunately we did still miss out on employer contributions for that time.

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