We’re increasing our 2022 budget! Although inflation is playing a part in this decision, the majority of the increase is for discretionary spending. When drafting our 2022 budget, we’d already added some extra “fun money.” However, after reading Die with Zero and reflecting on our life situation, we’ve recently decided it wasn’t enough. All this…
It’s a good practice to have a budget. How detailed and how strict you are with it is a personal decision which should be based on your financial situation and goals. We treat our budget the way we treat most of plans in life… as a “loose plan.” Our 2022 budget will serve as a…
Once you reach adulthood, you begin to hear about how expensive children are. Better start saving up! But how much do kids really cost? Our daughter recently turned five. Everyone who says that they days are long, but the years fly by is absolutely correct. After being inspired by a post on the Modern FImily’s…
The U.S. Bureau of Labor Statistics (BLS) just released their latest Consumer Expenditure Survey which showed how the average American household racked up expenses of $61,334 in 2020. That’s roughly $5,111 per month. How does your household spending compare? Comparing your expenses to that of the average American household can help you determine if you are spending too…