Why My Savings Rate is So High…

This post was featured by Rockstar Finance. If you clicked over from there, THANK YOU, and I hope you enjoy the read. If you just happened to wander over here and are interested in all things Personal Finance or FIRE (Financial Independence/Early Retirement), I highly recommend you hop over to Rockstar Finance to check out their site and all the awesome bloggers they host weekly.  Oh, and don’t forget to check out the Rockstar Finance Forum where you can chat PF to your hearts content. Thanks for stopping by and I hope you will follow along on my long and winding road to FI!  Now, on to the post…

In recent posts, people have commented and some have been amazed by my above average savings rate…I would like to take this opportunity to confront the elephant in the room…

In case you haven’t read this post or this one, I’ll save you the suspense by saying that this year my monthly savings rate has fluctuated between a low of 57% in September to a high of 94% in June, currently averaging 75% for the year.  I’m pretty sure when people read that they think one of three things:

  1. My income is REALLY high,
  2. I have a sugar daddy or someone else footing the bill, OR
  3. I must be holed up in my house between long stints at work trying my damnedest to not spend a cent.

Image result for sugar daddy

Pretty far from the truth…unless I am reading a book in which case you can find me curled up on the couch.  The truth is, 75% is a high savings rate – but it is also completely relative to MY lifestyle…

It is important for me to point out, I don’t put my numbers out there to brag or to compete.  If you knew me in person, you would know that is so far from the person that I am.  I write what I write in an effort to motivate others.  It took me reading other FI bloggers to get my ass in gear.  Hopefully this can help someone do the same.

If you are new to the concept, in order to calculate a savings rate you have to look at two factors – your INCOME and your SPENDING.  So let’s dive into the juicy bits first – HOW MUCH MONEY DO I MAKE?

First off, unlike many retired (or soon-to-be) finance bloggers, I am not an engineer.  🙂  I am also not a lawyer, doctor, investment guru who bought Apple at $1, or a professional basketball player (though I probably could be if I tried really really hard…not).  I am a Flight Attendant.  I am a peanut slingin’, coke yielding, sometime nurse in the sky.  Also known as a Stewardess (only if you are over the age of 80), Sky Barbie (minus the plastic and fake boobs), or a Cart Tart (though me airline doesn’t use carts).

Because my job is extremely flexible, I am able to work as much or as little as I want.  In past years I’ve been guilty of taking advantage of that flexibility by skipping weeks of work in favor of hiking, staying home with Bubs, and doing home improvements which often lead to staring at the wall wondering what color to paint…seriously, that could sometimes last hours!

I was living within my means, but not up to my potential.

Last year, when I stumbled upon the FI community, a fire lit inside me.  Not only did I make a goal to cut my frivolous spending of MONEY,  I also made a goal to cut my frivolous spending of TIME.  Cutting the financial spending meant nothing if I didn’t put my big girl panties on and force myself out of my semi-retired lifestyle and back into the full-time work force…or close to it, I mean, let’s not get crazy!

Image result for flight attendant meme
So true – not sure why she’s smiling about it!

This year I set a goal to work 100 flying hours a month instead of the 40-80 (ok, 60) average hours I was working.  I won’t get into the logistics of Flight Attendant schedules and how we are paid by flight hour and not ground (see above pic)…it’s a tedious and boring conversation to have and to hear.  But based on my hourly pay as a topped out FA averaging 100 trips a month + per diem and vacation days, I will be making around 75K this year (I actually hit 80!!)…not bad for a girl without a college degree.  😉  That number also happens to be the happiness tipping point as stated by many studies including THIS one from The Wall Street Journal…I gotta hand it to them, they may be right!  After this past year upping my game, I feel better and more motivated than ever before.

But back to the moola – so far this year, I’ve grossed 66K with 2 paychecks to go.  To be fair to these calculations, I also have to add the money from my side gig (trading trips for flight attendants) which fluctuates but so far has net me 8k this year, plus random Craigslist sales, income tax returns, interest on savings accounts, selling my wedding dress on Ebay, and birthday gifts…these are all the ways I’ve made money in the past 9.5 months.  That total amounts to about 60K after taxes (including pre tax 401K).  No big secrets and, unfortunately, no hidden sugar daddy.  😉

But that doesn’t help to explain the savings rate.  For that, we need to look at my extremely frugal and boring spending patterns.  How does someone who has taken home 60k so far this year, manage to save 45k of it??

The real secrets are below…

  • First and foremost – I own my home.  I didn’t go crazy and buy above my means (this time).  I couldn’t – I was unable to secure a loan due to the 3 short sales I suffered during the housing crash (still working on that painful post).  Two years ago I saw an opportunity to get back into the market.  I immediately liquidated my ESPP, a flailing retirement account, and all my savings in order to buy my studio.  These were not easy decisions but the outcome has helped me to lower my monthly living expenses and feel the pride I once had before my world came tumbling down.  Plus, this unit will become a rental unit in a few months to come.
  • Nobody calls me Mom (though I think Bubs has tried).  I live with my dog – no other humans call my place home…except my BF when I can convince him to leave the cushy park-anywhere burbs for the no-parking-to-be-found-anywhere city.  I have no children to cloth, feed, or bathe.  I have no college funds to fill or nannies to employ.  I am my only dependent (but I really think I should be allowed to claim Bubba on my taxes).
  • My car is old…really old.  No car payments for me…but I have had some costly repairs in the past few months that make me wonder how long I will keep the old girl around.  She’s still pulling her weight so I imagine she will be just fine for a while longer.
  • I work for a major airline which makes my health insurance dirt cheap.
  • I eat twigs and berries…occasionally fish.  After learning to track my spending last year I was amazed to see how much money I was frivolously spending at Whole Foods.  Eating good is important to me, but my future financial independence is just as important.  I cut Whole Foods off at the teat and now frequent Aldi’s for my dining delights.  Costco is my other grocery source – Walnuts, tuna, organic olive oil, eggs…all main stays in my kitchen.
  • I no longer buy wine!  OK, that’s not true…I’ve switched to boxed wine, baby.  Not only is my new beverage of choice better for the environment (hello recycled boxes and bags!) but it is still a lovely evening (sometimes daytime) beverage at a more palatable price.  🙂
  • Travel – my greatest love.  When I fly, I fly for free…or close to it.  I take full advantage of the perks that come with my job.  I also prefer low-cost activities such as hiking and volunteer work as my go to vacation agendas.  Ever walk 500 miles in 22 days?  Have you spent a week feeding and bathing elephants with daily one hour massages sprinkled in?  I have.  And it rocked!

I don’t actually budget.  After tracking my expenses last year, I took those numbers and aimed to cut them where I could including my energy use, groceries, and expensive lunches/dinners with friends.  I set a loose goal of $1500/month spending including all expenses and travel.  As of the end of September my average is about $1525.  Pretty close…perhaps I should have skipped a few of those $6 massages in Thailand.  🙂

washing
Me washing the big elephant in the room…

So there it is – I not only increased my earnings by nearly 50%, I lowered my spending and didn’t get sucked in to lifestyle inflation…even though I was making waaaay more than previous years.  A frugal lifestyle plus a bit of hard work truly DOES pay off!  There’s no secret at all!  Admit it, I totally tricked you.  🙂

Truth is, I have always been a saver but, until this year, I was not a great earner.  As I said before, I was living within my means but not up to my potential.

Even if your life doesn’t look exactly like mine – you have kids, you make 50k instead of 75k, you pay for your own insurance, or you prefer nice spa vacations instead of 500 mile hikes through Spain – you can still find ways to spread the gap between what you earn and what you spend.  You can still make lifestyle changes that will work in your favor.  You can still make choices about your financial future going forward.  I did and I am so much happier for it.

If this post helps you in any way, I am glad.  If you need a bit of guidance or I can help you in any way, please don’t hesitate to reach out.  Again, the purpose of this blog is to motivate others and keep my self doing the same.  Thanks for reading! 🙂

Until next time…

Advertisements

50 thoughts on “Why My Savings Rate is So High…

  1. I can totally see how you save that much. We’ve been at around the 50% rate and our expenses for two (and Groovy Cat) average under $3K a month. No kids or other dependents.
    We also own our house outright. And my employer covered health insurance was no cost to me at all. I shop mostly at Aldi and occasionally Walmart for groceries. Although now that we’re job-free I’m going to start shopping at Harris Teeter for fresh fish during the week.

    Totally different subject but you’ve heard the Betty in the Sky with a Suitcase podcast haven’t you? Mr Groovy loves it.

    Like

    1. Yeah – glad to hear we are simpatico on those point and I love that you’re upping your game at Harris Teeter…which I’ve never heard of but sounds like a poor buck toothed kids nickname. 🙂 Aldi really doesn’t have a lot of fresh foods so I also supplement with various markets when I want fresh fish or something special.

      I’ve never heard of that podcast but I will definitely look into it. All of the podcasts I subscribe to are FI related – I could use a little humor! 😉

      Like

  2. It is impressive that you own your home outright. Even though a lot of that high savings rate comes from reduced home expenses.. it’s still definitely the great choices that you’re making with that extra money! Too many people get caught up in lifestyle inflation. Bravo to you not to get caught in that trap.

    Jasmin

    Like

    1. Yeah, girl! I felt I had to explain a little more on the ins and outs after my last post. 🙂 Working 40% more than in past years and banking that extra income is what got me here…and even with the hours I am working I could work more but I am so happy I have a choice not to. I would miss my Bubs too much!! I’ve done 9-5 work and it never suited me. I am definitely spoiled with this job in terms of flexibility but the job comes with its downsides too. Being gone is one and it takes a toll on many relationships with family, friends, and partners. Thankfully, after 15 years, I’ve figured out ways to balance most of it. 🙂

      Like

  3. This is awesome! My mom is a flight attendant and my husband is a pilot! I know 100 hours a month is A LOT, so good for you for working like a maniac.Good luck with everything, I hope it all works out for you! I’m just getting started, so thanks for the inspiration!

    Like

    1. Hey Marissa! I always wondered what its like to be the kid of a flying household. I know what its like for my friends to fly having kids but not to have my parents fly. Either way, we are a part of the same big circus!! 🙂

      I popped over to your blog – looks like you’re off to a great start! Let me know if you need any help with anything. 🙂

      Like

  4. This is awesome! I think both principles (cutting lifestyle inflation AND increasing income) are so important to saving! (or paying off debt). Shopping at Aldi has literally cut our grocery budget in HALF which has been important to us– paying off more than $600k of debt!

    Ps you are living my dream of working for an airline so you can fly for free/cheap.

    Like

    1. Amber – you are so right. I know many people try to focus on one or the other but having a hybrid approach will for sure get you there faster. Good for you paying down that debt -that’s huge!! I would love to hear more about your story. 🙂

      Aldi is the bomb. I can’t tell you how often I bring it up in conversation and people are shocked that I shop there!! Mind you, I am a Whole Foods/TJ’s convert , but when I try to explain that Aldi’s owns Trader Joes (indirectly through a trust) my words fall on deaf ears. Whatevs…

      PS – the dream has it’s realities. Eating lunch over a garbage can directly next to the bathroom door that 75% of people don’t know how to close or flush the toilet is just one. 😉 But in all, the benefits outweigh the negatives…particularly if you love to travel like I do!

      Like

  5. I have a couple friends who are flight attendants and the stories they tell me… It always keeps me in line to be a “good passenger.” Anyway, I think it’s great your place is paid for!! I’m reading a retirement book and one factor they seem to be completely leaving out is if you rent. It’s incredibly improbable to buy something in LA, and I have little desire right now to own rental property (it would more than likely be out of state), so the odds are I’ll be still renting in retirement. Something many retirees won’t have to think about. I actually want to call the guy who wrote the book and ask him about that. 🙂 In any case, if I had that off my plate I’d be saving an extra $1450 per month!!

    Like

    1. $1450? That’s for sure a tough pill to swallow. There are whispers of a flight attendant base opening there but I weigh the numbers and think I would be working twice as much to live there. I can’t justify that. Then again, we have a ton of commuters in Chicago who can’t believe we live here when they live in Birmingham, St Louis, Detroit, and Nashville. I must look nuts to them particularly because were all paid the same!

      Mind you, renting isn’t the worst thing in the world. Just ask J Money! He’s a huge proponent as are several others who have already “retired”. I come from a real estate background so I am a bit more skewed towards owning. I know a lot of FI peeps talk about owning investment properties in cities they don’t live in but I am way too much of a control freak for such a thing! 😉

      I think you should totally send a shout out to the writer – maybe a tweet? That is a huge piece of the puzzle. What is the books name?

      And thank you for being a good passenger!! 🙂

      Like

  6. Accommodation is usually one of the biggest culprits in terms of expenses. Seems you have done the “buy modest and pay off quickly” – huge congrats!
    Curious to know which you found easier – increasing your income or reducing your expenses?

    Like

    1. Hey, Stealthy Wealth!

      I definitely bought modest. I live in a good sized studio in an awesome location (minus the influx of criminal activity the past month or so. I hate to say it but that’s Chicago and it usually goes in waves. 😕). I live a block to LSD which means super close to the beach, bike path, and a 1 mile walk to the dog beach. It may be small but the walkability factor is awesome!

      In regards to your question – after buying my place, lowering my costs was simple because I made a game out of it. Since I had tracked all my expenses from 2015, each month I compared those to last years. If it was lower I celebrated, if not I cried. Just kidding. 😉 But I definitely tried harder the next month. I’m pretty much bare bones now unless I give up cable/internet all together. So, yes, working more was harder. But even that wasn’t sooo difficult. It meant flying smarter – harder trips but more hours and a couple more nights away from my pup. But compared to last year I haven’t seen a huge difference in my lifestyle. If I bump my hours up more for next year I would probably feel differently. For now, I think I found the sweet spot.

      Thanks for stopping by!!

      Like

  7. Great article! I appreciate your openness about your pay and expenses. Additionally, I enjoy your ability to point out all of the elephants in the room – including how many PF bloggers seem to make six figures from 22 on. While their story is impressive, it’s great to learn that you can still save and invest if you haven’t been that successful (or disciplined in my case) from day one.

    Also, I like how you transition the conversation from saving/frugality to potential. Focusing on the big picture (saving/income/lifestyle) certainly takes you a lot further than exclusively trying to reduce your spending.

    Inspiring articles and I look forward to seeing more!

    Like

    1. Hi Rob!

      Yes, I also should point out then when I began working for my airline we were the LOWEST paid in the industry. Granted, that was 15 years ago, but I believe I started at $16 per flight hour. One month work at my current 100 hours would be appx 1600. I had to work a lot more then and it was difficult…but I still saved! Enough so that I eventually bought 3 rental properties! But you won’t see those here…I lost them all in the housing crash and basically started from nothing again (minus my 401k) in 2012 (post to follow).

      Since I have so much off time at home, I have always tried to supplement my income with other jobs. In the past 15 years I have been a nanny, realtor, banker (for a week), and a waitress. This is the first time in my life I am only doing one job (plus day trading flight attendant trips but that goes with my job)! When you only have one income you need to be a scrapper if you want to get ahead. My belief is that anybody can do it – you just have to want it.

      Thank you for reading!!

      Like

  8. danaharg

    Great job! Inspiring. I am a first time visitor. I get paid about the same, which is nice to compare to you, instead of all the engineers i usually compare to on the MMM forum 🙂 I have yet to calculate my savings rate, seems complicated to work it out, even though i do mint- because i have a 403 b coming straight out. I should ask the hubsters he is good with the numbers 🙂 Keep at it!!

    Like

    1. Thanks! Happy to have you here and honored I could inspire. 🙂

      I am definitely not great with math (worst subject in school!) but I also think it’s worth taking the time to figure out. My basic formula is how much I saved divided by how much I made. If you need any help just email me and I can help you break it down further.

      Thanks again for reading. 🙂

      Like

  9. Congratulation for your very high saving rate 🙂 According to the shockingly-simple-math-behind-early-retirement you may reach FI in… what? 7-8 years? What are you going to do then? Keep working at the same pace? Work less? Retire?

    Like

    1. Thanks! I am hoping to financially “retire” in 2022 which coincides with my work retirement date. I’m only 38 but as a flight attendant I can retire whenever my age + years of service = 65 years old. All this means, really, is I will have flight benefits for life. We dont have pensions, just the 401k which they match handsomely. I have no intentions to quit….I’ll just be happy to know I can!

      My plan is to work less, travel more, and work on a volunteer program. Other than that, just see where the day takes me. 🙂

      Thanks for taking the time to stop by.

      Liked by 1 person

  10. Tim

    I have a few flight attendant friends but I associate more pilots and at the stick flight crew… Never realized FAs were paid per the flight hour as well. BTW… FAs are awesome!!!

    What Airport is your homebase??

    Great work on your savings rate and other awesome things!!

    cheers!

    Like

    1. Hi Tim

      Yup, paid per flight hour. All those weather and mechanical delays are just as upsetting to us. If we aren’t in the air we aren’t making money. 😉

      I work out of Midway in Chicago. Everyone thinks it’s the lesser of the two airports but they are crazy! Easier/faster access to the city and less flights delays.

      Thanks for stopping by. Maybe see you on a flight sometime soon! 😀

      Like

      1. Tim

        My flights pass thru ORD… I work in commercial Aviation design Engineering. You can blame those mechanical delays on me since My job function ties to Reliability and Availability… but I can’t do anything about the weather.

        Like

  11. So glad that Rockstar Finance led me here! 🙂

    I’ve been on a Youtube binge watching videos about “day in the life of a flight attendant” all week hahaha (I found one video and then couldn’t stop watching, lol) so it was so cool to read about your life as a flight attendant! Congrats on the great savings rate, that’s seriously amazing 🙂 I live on about $1500/month too but in San Diego, CA. I make it work cause I have a lot of BIG goals and expenses coming up within the next 1-2 years that I’m saving for, but it’s tight sometimes and I don’t own a car. But omg, if I could get rid of my $800/month rent, I would legit die of happiness. *sigh* I also earn less than $50k so it averages out to about a 50% savings rate for me, so I can definitely understand how your rate is so high with the increased income!! CONGRATS! 🙂

    Like

    1. Hi Taylor!

      Once you start watching those it is definitely hard to stop. I could write a book of my experiences!

      You are doing awesome! I’ve been reading and watching you on twitter for awhile (not in a creepy way). We run with the same crowd. 🙂 I would definitely choose to spend more if it meant I could live in San Diego! My cousins are from there and I love to visit. In fact, I’ll be there next week for a few days and we plan to hike Potato Chip Rock. Have you done it??

      Like

        1. YES!! I am dying to do this hike!! I’m actually in Oceanside for the next two days. My BF and I planned to hike it yesterday but time got away from us when I HAD to go to Ocean Beach for tacos yesterday. 😉 I get out here at least once a month for work. If you’re serious I will let you know the next time and we can make a plan!

          Like

          1. Totally serious! Can’t speak for Taylor, but I know she and I would prefer to hang out before I go on the road trip. She told me about the place with best tacos and tortilla chips in San Diego too. I always have a food excuse to burn gas….

            Like

    1. Thanks! 50% is a huge amount – 2 people in a household helps with income but not always with spending. Different finance ideas + more food and utility costs. If my home wasn’t paid off I would probably be around 50% rate as well. I am hoping to save enough to maybe buy my next place and rent the current one out but as of now I am stuck on the waiting list to rent my place. #4 and still waiting…

      Thanks for popping in!

      Like

  12. A week of bathing and feeding elephants would be a dream for me! I love giraffes too, but for some reason, bathing a giraffe doesn’t have the same appeal. Saving more doesn’t have to be complicated, you’ve shown that here. Congrats on the awesome savings rate 🙂

    Like

    1. Hey Sarah!

      That is a dream that can certainly come true. The ENP (post in the making) in Chiang Mai is always taking volunteers and the cost is minimal to most week long stays anywhere! It took me 10 years to visit since I first learned about the park…who knows, by the time you go perhaps they will have a giraffe or two. 😉

      Thanks for stopping by!
      MM

      Like

  13. Wow! You are killing it! Great job on getting your income up.

    That’s something I need to work on as well. It’s hard to find the motivation though! It’s also hard to know what path to choose. Do I look for something else at the company I work for now, or look elsewhere? Or do I try and grow a side hustle? So many possibilities!

    Like

    1. Right?! I have a ton of free time when I’m home and have been wanting to start a side hustle but I am paralyzed by the options! I used to make jewelry so perhaps I’ll get back in that game. 🙂 Let me know what you figure out!

      Like

  14. I didn’t know you were a flight attendant, that is so cool. Especially since you can pull in that income with out incurring the cost of a degree. I always thought that would be a fun job, but I imagine it can also feel like a thankless job.

    Like

  15. Pingback: 5 Easy Ways To Price and Sell Used Clothing: The Saturday Weekend Review #198 - Canadian Budget Binder

  16. BOOM! Loved reading every second of this article. Being busy and traveling for work as you do is a great way to increase your savings rate. You can’t spend if you don’t have the opportunity to, right? My savings rate definitely benefits during the months I am on the road travelling where meals and travel are covered. But I wouldn’t be doing you or this article justice if I were to say that the only reason your savings rate is high is because you are busy with work. Your habits have allowed you to turn into a savings machine!

    Thanks for the read/inspiration.

    Bert, One of the Dividend Diplomats

    Like

    1. Hey Bert – Long tome fan of you guys! 🙂

      Yes, travelling certainly helps – hotels are paid for but meals are paid with a per diem that doesn’t cover the true cost of hotel meals (even with our discount) so I tend to pack a cooler for the days Im on the road. That being said, being away from home I definitely save money!! I have always been a big saver so that does have a lot to do with it. I also suffered a huge financial loss when the housing crashed (see The Rise and Fall of My Empire posts) which led me to work much harder to dig my way out. Either way, the result is a super savings rate! 🙂

      Thanks for stopping in and taking the time to comment. 🙂

      Like

  17. Jaymee

    This is a great post. I absolutely love that there’s no “big secrets” to how you’re able to save so much… just the basics 🙂 It’s encouraging too because I always thought I should be making reasonable money on the side (like a side business or steady hustle) in order to create that kind of financial lifestyle.

    Will be reviewing my finances again this month and taking some of your pointers 🙂

    Like

    1. Hi Jaymee!

      I’m glad you liked the post. 🙂 Increasing my hours was a big factor in this equation but, for those who aren’t able to do that, a side hustle would be another great avenue to explore. I found that tracking my expenses was key to my success but, as I’m sure you know, there is only so low you can go in the monthly budget. I say do whatever works to increase the earnings and spread the gap. 🙂

      Thanks so much for stopping by and taking the time to comment!

      Like

  18. Taemoo

    Kudos to $1500/mo budget in chicago…with a car! I thought about buying a studio in edgewater to keep costs down but I too have a short sell under my belt and vowed to never buy again. Big thumbs up for Aldis, shopping there for the first time this year and it is making a big difference in the food budget:) El Camino is on my bucket list so hopefully you have written more about it. In 22 days, wowzer

    Like

    1. Yeah – another Chicagoan!! Aldi is THE BEST!!! It definitely helped to keep my costs down this year. I also am out of town for work a lot (and more so this year) so my energy costs are way down. Last month I cut cable/internet all together. Big step but had to be done. I was paying $80 a month for basic and internet. Internet alone was more! Forget you, Comcast!!

      I don’t think buying again is a horrible thing if you are well prepared. Like, not stretched as thinly as I was! Then again, I realized my comfort factor was non existent back then. Now I am way more aware and would only be comfortable with a small 15 year loan (under 100k). For now, I’ll just save up until the right one comes along.

      The Camino…where do I start! You will absolutely LOVE that trip! In fact, I started the Chicago Chapter of American Pilgrims on the Camino. http://www.americanpilgrims.org/chicago-illinois-chapter I’m no longer a co chair but they do monthly hikes (second Saturday) and random get togethers. You can get tons more info from them or email me anytime with questions. I love to talk Camino!! 🙂

      Thanks for stopping by and taking the time to comment. 🙂

      Like

  19. This is an amazing story. I love that you are doing “all the smart things” and writing about them to help other people! I would definitely say this is an inspirational story. I had no idea there are flight and ground wages for flight attendants. It’s amazing how little we know about so many things!

    Mrs. Mad Money Monster

    Like

    1. Haha – Right?! We get paid well so I have no excuse not to save as I do. The end goal is to get others on board. Start small and watch it grow. It is nice to see your hard work pay off!

      I am working on a post for Think Save Retire with a more in depth look at my job and the benefits of it. I think it will post sometime next week so if you want more information than you ever thought you wanted stop by then! 😉

      Thanks for stopping by!

      Liked by 1 person

      1. I can’t wait to read your post! I’ll definitely be on the look out for it! I love learning about how other people live and make their money. I’ve been working in the pharma world for so long that it’s hard for me to comprehend people actually do other things to earn a living. 🙂

        Liked by 1 person

  20. Pingback: Friday Favorites – Mad Money Monster

  21. eric

    I knew I never should have had kids. Not only are they incredible time sucks, but they really eat into my savings rate! LOL

    Just kidding of course. They do have some positive points I guess!

    I am in awe of your ability to save the way you do and it reminds me than any stretch goal is a good one. Thanks for sharing with us!

    Like

    1. Haha! Exactly what I was going for. 😉 Just kidding. But these are all the trade offs in life, aren’t they? Your kids are well worth the financial sacrifice. My lifestyle is worth the sacrifice of not having kids. I definitely didn’t see my life going this way but I will sure make the best of the outcome! Bring me another Mai Tai!! 😉

      Like

  22. Cash Flows Wealth Grows

    Awesome post here and great job on the high savings rate! Thanks for sharing this! It’s really motivating to see other people thriving to achieve FI as much as I do. It’s amazing how much people can accomplish when they don’t get so caught up on the lifestyle inflation and focus on the bigger picture, which is FI. 🙂

    Like

    1. Thank you! It’s so true – lifestyle inflation is a major budget buster. I just don’t want “things” anymore. My focus is on experiencing life instead of collecting crap. I’ve been that way for the past 5 years but only this past year started working towards FI. I have no doubt my frugal lifestyle will certainly help things along. Nice to know there are a bunch of our tribe out there!

      Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s