Category: Plan Updates (Page 1 of 4)

Daily Spending and Saving in 2016

Daily Spending and Saving in 2016

Several people have suggested putting a certain amount of money in savings every single day, aim to spend less than a certain amount of money on any given day, etc. On a day to day basis, I don’t do well with that. I save in monthly spurts. But I liked the idea of tracking how much I spent and saved on a daily basis. Here are our 2016 expenses broken down into daily spending amounts in each category:

Daily Spending and Savings 2016

My Thoughts on our Daily Spending and Savings Rates:

  • I like that our transportation costs are a nice even $5.00/day. It seems a bit high, but nice and even.
  • After calculating how much our breakfast costs on a daily basis, it was interesting to see that we spent less than $20/day for our family of 5 to eat (and for 2016, that includes Mr.T and I eating out in the UK for 3 weeks!).
  • $7.67 on household expenses and stuff is lame. This includes toilet paper, haircuts (for Mr.T… I make him cut my hair), gifts for family members, etc. I wish I could say it was mostly gifts, but it’s not. I would like to cut this down. This category brings me very little joy, but is a necessity (we’re not going to go without toilet paper thankyouverymuch!).
  • $4.30/day on utilities is awesome. Our energy updates have really paid off! And it’s nice to see a daily total for this because in the summer, we pay hardly anything, and in the winter when it’s both dark and cold, our bills are way higher.
  • $7/day for internet/cell phones… blerg. I’ve cut our cell phone package down, so maybe we can get this around $6/day, but our internet is over $100/month and there’s nothing we can do about that if we want internet (which we do). Now, every time I sit down to work, I’ll think: “The first $7 I earn today will have to pay for the internet I use to work.”
  • Can you find a place to stay in Anchorage for less than $51/night? Not a chance! Makes me feel better about my mortgage when I think about it in those terms. Though I think it would be way more awesome to pay less than $25/day for housing. Add in our extra mortgage payments, and we paid over $100/day just to sleep here!
  • Travel – If someone said: “If you pay $20/day, you could take several vacations this year including a 3 week trip to the UK,” would you sign up? Yes. Yes, I would. Our vacations are definitely worth $20/day and we’re paying less than that!
  • $6.66 medical expenses – definitely evil!
  • $56.85 daily savings rate seems pretty good. More than our mortgage! Let’s see if we can get this up to at least $60/day in 2017!

Even though I don’t actually evenly spend or save these amounts on a daily basis, breaking spending and savings down into daily amounts really changes perspective. It takes the “latte effect” and turns it into things like “the daily internet cost effect.” It makes you value how much you would actually enjoy turning that amount over every single day to get the same results of your current spending. I’m mostly pretty happy with those amounts, though there’s definitely room for improvement.

Have you calculated your daily spending/savings rates? What surprises you the most?

February 2017 Plan Update

February 2017 Plan Update

February was a beautiful, snowy month here in Anchorage. On the home front, it was a crazy month, but good. I got some health answers and am working on finding a good management program (testing which foods impact me and which don’t).

It was also a good, but busy month at work. After quitting my job, things have improved greatly and at least I’m back to loving the work.

My totally awesome survey is up to 367 responses… not close to the 1000+ I’d like to see in order for this to turn in to an actual study… If you have any ideas on how to get more visibility/more responses, I’d love to hear them. (Non-spammy places to share it? A database of thousands of people waiting to take surveys perhaps?) Help a sister out!

We also had the awesome privilege of getting one of this month’s Rockstar Finance Giving Cards. Full story coming Monday!

The Numbers:

Want to know how easy it is for us to write these every month? I literally just log into my Personal Capital and revel in all the numbers being in one place. Do you like checking numbers? Do you like graphics? Do you like playing with calculators like retirement calculators and how much your fees are costing you? Then, you should obviously use my affiliate link to Sign up here to help yours truly speed toward financial independence! (I assumed bloggers pushed this because of the affiliate income until I started using it myself… worth the FREE pricetag! And Seriously Amazing.)

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How to Quit Your Job (to Make it Better!)

How to Quit Your Job (to Make it Better!)

Is your job terrible? Do you feel undervalued or stressed out or overworked? How much do you depend on that income? How badly do you want out? Here’s how to quit your job (and how that might actually make your job better).

Want to Quit Your Job?

BACKGROUND: I was hired nearly seven years ago by a behavioral economics company to be a contractor. I was hired to do research for the company and help write white papers when needed. Back in those days, the company had less than 30 employees. Today, the company is much larger. It has 3 offices and over 200 employees. My boss is awesome and has always been an advocate for my work and my flexibility (and gave me a 33% raise just over a year ago). The company, however, has had some growing pains. For the past 6 months, they’ve been adding hierarchy where there hasn’t been any.

Over the past six months, with the restructuring, several things have happened. Several people around the office have decided I’m under them in the hierarchy and have either decided to ignore my work or not consult with me in the first place. With changes in H.R., my paycheck was forgotten for three pay periods in a row! Then, in December, someone in the office accused me of dishonest business practices via email (and then failed to apologize or even respond when I responded with proof against the accusations). Needless to say, the past six months haven’t been great for work.

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January 2017 Plan Update

January 2017 Plan Update

I started January all ready to kick this year out of the park! One month in and I’m waning. January was a weird month and I can’t say February is shaping up to be any less weird. We’re watching the daily policy deluge coming out of Washington and bracing for Mr. T’s job to be impacted. Since I’m in research, it’s hard not feeling completely worthless in a climate that ignores research. Neil deGrasse Tyson said it best:

Despite the weirdness, we’ll try to pick ourselves up a bit in February and see how much we can accomplish. I made very little progress on any of my non-financial goals this month. Let’s see how I did on the financial ones…

The Numbers:

Want to know how easy it is for us to write these every month? I literally just log into my Personal Capital and revel in all the numbers being in one place. Do you like checking numbers? Do you like graphics? Do you like playing with calculators like retirement calculators and how much your fees are costing you? Then, you should obviously use my affiliate link to Sign up here to help yours truly speed toward financial independence! (I assumed bloggers pushed this because of the affiliate income until I started using it myself… worth the FREE pricetag! And Seriously Amazing.)

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how much we spend

How Much We Spent and Saved in 2016

The numbers are in!

Let’s start with how much we spent:

First off, if you want detailed breakdowns of previous years, check out our first “How Much We Spend” post. To summarize:

  • In 2013, we spent $53,218
  • In 2014, we spent $53,344
  • In 2015, we spent $55,810 ($63,581 before subtracting the Alaska State Energy Rebate)

In 2016 we spent…. drum roll please…. $59,392! 

Yes… more than last year, but still under $60k. So, how did this year break down? Here’s a lovely graph:

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2017 Non-Financial Life Goals

2017 Non-Financial Life Goals

Life isn’t all about money, and we have to make sure we’re moving forward in all aspects of our lives. (Have I mentioned I love a New Year, a fresh start, and making new goals?)

First a recap of 2016:

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2017 Financial Goals

2017 Financial Goals

As I’ve thought about how to direct our money in 2017, I’ve gotten so overwhelmed. I’m really horrible at multitasking when it comes to goals. I want to just get rid of my mortgage so that I can direct all money toward investments. But I also know if I just throw all money toward the mortgage, I’ll regret not adding more to investments along the way. The stock market seems really inflated to me right now, so I will continue to throw money at my mortgage for now, but if the market tanks later in the year, I will redirect more towards “on sale” investments.

I’m also terrible at hiding my own money before I see it. It was easy to up Mr. T’s 401k contributions, because they take that money out automatically. My paycheck is a physical check I get in the mail and it varies greatly. Last year, I ranged from $0 (vacation pay periods, I make no money… the plight of an hourly employee) to $1608 (if there is more work to do, I get more money… the awesomeness of being an hourly employee). So, it’s hard to plan monthly savings goals around my income. I haven’t figured out the best way to handle this yet. (Thoughts?)

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January 2017 Plan Update

December 2016 Plan Update

Welcome back, friends!

PLEASE – If you haven’t taken my SUPER IMPORTANT AND AWESOME SURVEY, please do it now. Share it with your family. Make your friends take it at your house. Post it on social media. Okay… you get it. Thanks. Seriously and honestly: Thank you.

Welcome to 2017 – the year where people stop dying and the world becomes a wonderful, hopeful, kind place. Too much hope? I love a new year. A clean slate. And while I can’t entirely control the world, I can move myself forward. So, the next few posts will be introducing the 2017 Stock household goals (yay goals!).

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What does your remarkable life look like?

What Does Your Remarkable Life Look Like?

Several years ago, I caught a glimpse at my doctor’s notes in my chart. Mine didn’t say “difficult patient” like Elaine in that one Seinfeld Episode, but I was equally confused and offended by a statement in mine:

Bones and joints unremarkable.

Um, excuse me?! I think my bones and joints are VERY remarkable! I jest about my offense, of course. As Mr. T pointed out, in the medical world, that is probably a compliment (and since Lui’s birth, my joints are probably now medically remarkable). But “unremarkable” feels offensive.

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November 2016 Plan Update

November 2016 Plan Update

What a roller coaster of a month! I’m happy to report that things are going great inside the Stock house. The kids are at great stages right now and our house feels very merry and bright! Outside our little house and in the big, big world, I can’t say I feel quite as safe and happy. The hate is coming out of the closets and seemingly taking over the world. It’s important to be kind and as Mr. Rogers said:

When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’

(Mister Rogers has always been my favorite!)

This Christmas season, we’re making an increased effort to be those helpers!

This month is BIG for the blog. Coming soon: we have a very exciting Christmas post that’s definitely out of the ordinary. (Mr. T and I spent hours putting it together and you’ll LOVE IT. I promise!) In two weeks, I’m introducing something BIG and I’m super excited about it… details coming Monday, December 19th! YAY YAY YAY YAY! Ahem. Okay… what you came here for…

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