So, you’re cruising down the path to financial independence and saving as much money as you can for early retirement. Congrats! Like most people, you may have a large portion of these savings in retirement accounts, such as an IRA or 401k. These plans have great tax benefits, but they also have age restrictions and penalties…
Say you’ve got an extra $30,000 lying around that you want to invest. What do you do? Would you invest it all at once (lump sum investing) or spread that investment out over a period of time (dollar cost averaging)? This is the decision we found ourselves facing about six-months ago. After making a major…
Spring is here! The weather has been incredible in AZ (and air quality as well, which is rare), so we’ve been spending a lot of time outdoors. This month marked the end of my first year of early retirement and being happily unemployed. Mr. RFL and I were also able to get our first dose…
Has it really already been a year since I quit my corporate accounting job?! The first year of early retirement was definitely not what I expected. How could I expect that a global pandemic would coincide with my retirement and immediately quash my new-found freedom?! Nonetheless, I feel blessed to spend this time at home…
We reduced our food spending by 25% last year! And this was despite switching to a healthier diet full of organic produce, pastured and grass-fed meats and dairy, and containing fewer grains and processed foods. We’re sharing 19 strategies we used (and will continue to use) to eat healthier and save money on groceries. Many…
Want to save money and eat healthier? You probably already know that eating out less is one of the easiest ways. But it can be overwhelming, and sometimes you’re just craving comfort food to take home and eat in front of the TV. Learning to master the art of the “takeout fake out” can help…
Is it already March?! February certainly flew by. I can’t say that we accomplished too much since January, other than spending way too much on groceries. “A year’s worth of groceries” may be a stretch… but we’ve got enough to eat for several months. Mr. RFL’s approval to work remotely finally ended, so he had…
So, you’ve paid down all your “bad debt” … high interest loans, credit cards, etc. Congrats! Now that you have fewer payments to make each month, you may be debating if you should use that extra cash to pay down the mortgage or invest? You’re not alone. This question is one of the most frequently…
Well, that wasn’t the start to the new year that I had expected. January flew by with little accomplished as I’ve been dealing with some unexpected medical bills and undiagnosed health issues. I had such high hopes for this year that it’s hard not to feel disappointed, but we’ll try to make February a better…
We review our investment portfolio allocation and investment strategy annually, as a part of our year-end financial and tax checkup. In this post, we’re sharing our current portfolio allocation and investment strategy for the first time. Disclaimer: This post contains our personal opinions and portfolio and does not represent investment advice. Why you need a…
Hi! I'm Mrs. RFL. We're a family of 3 trying to live a rich frugal life on our way to financial independence and early retirement ("FIRE"). I retired in early 2020, at age 38, to help our family achieve the balance we desperately needed. Even though we hadn't reached our end goal, making this change allowed us to take advantage of the financial freedom we'd already earned to begin building a happier, healthier and more meaningful life. This decision didn't slow down our journey as much as expected. We reached financial independence in January 2022! Rich Frugal Life follows our FIRE journey and shares everything we learn (or screw up) along the way.
April 19, 2024
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