As you have come to see from us Diplomats – each month we share our savings from the income and expense we have endured during the previous month. Our goal is to achieve 60% savings rate in an ever inflationary lifestyle from advertisers, television, peers and co workers. Though it is difficult, we know the combination of being frugal, saving and investing allows us to achieve our financial freedom goals faster, by still enjoying the benefits of life itself. Was I able to hit 60% this month? Let’s check out my income and expense summary from March!
Category Archives: Frugal Living
Lanny’s February Income and Expense Summary
As you have come to see from us Diplomats – each month we share our savings from the income and expense we have endured during the previous month. Our goal is to achieve 60% savings rate in an ever inflationary lifestyle from advertisers, television, peers and co workers. Though it is difficult, we know the combination of being frugal, saving and investing allows us to achieve our financial freedom goals faster, by still enjoying the benefits of life itself. Was I able to hit 60% this month? Let’s check out my income and expense summary from February!
Endless Liabilities Owning a Car Part Deux
Well… my car was back at it again this month, as more repairs and maintenance were absolutely necessary given the winter and our CPA season of “busy season” coming on deck. I wanted to make sure a specific repair was taken care of before trenching through snow, ice and hundreds/thousands of miles of driving over the next 90 days. It’s an easy repair actually, but one that I have a tale of two cities, for lack of better words, to describe – Brakes and Rotors.
Frugal Living Tip: Asking for a Discount
I am relatively new to the frugal living lifestyle, as I didn’t even begin tracking my savings rate and monitoring my expenses with a fine tooth comb until a few months ago! But now, since I have accepted the Dividend Diplomats’ 60% Savings Challenge where I aim to save 60% of my income each month, I have been trying to find new, innovative ways to save. Recently, I have found success saving using one new method: Asking for a Discount (If the title didn’t give it away)! Let me explain.
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5 Ways to Save on Energy this Winter!
Time to bring the Frugal life out of me this season! As the cold weather approaches, our bills tend to go a little higher, more specifically our gas and electric bills. Living up in the mid-western part of the country, as well as any northern state, we tend to crank the heat to hide away from the winter temperatures that consume us. Even with the cold temperatures and the temptations to crank the heat to above 70 degrees – lets ask ourselves if that is we truly need or if it the sense of being uncomfortable or the fact that the Jones’s next door have their temperature set to Southern Florida during the months of November through March. There is a balance between a scolding 75 degrees with walking around in a t shirt and shorts and a point where you are wearing an Eskimo jacket lined with bear skin or something that sounds like the breaking post of frost bite. Let’s see how we can keep more of the frugal balance this winter.
Bert’s Savings Rate Summary: November
My third month of taking the Dividend Diplomats 60% Savings Challenge is officially over. I am coming off quite the high note in October as I was able to successfully save 63% of my income! Could I keep the momentum going and achieve the coveted 60% savings ratio once again this month?
Lanny’s November Income & Expense Summary
Another month has passed, another month where I ask myself… Did I hit the 60% savings goal with my income and expense tracker? Did I hit the big mark that I set for myself back in August when I was discussing why I am aiming to save 60% of my income? I know Bert did extremely well again I am betting – I hope he cruised past 60%! Let’s dive into the income and expense analysis. Continue reading