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!
Tag Archives: frugal
Lanny’s December Income and Expense Summary
I know that this post is LOOOOONG over do… Busy Season for us CPAs has kicked into high gear and it has been tough buckling down writing articles, when you are working 70 hours+, as well as traveling. Regardless – time does come and go and 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? Let’s dive into the income and expense analysis. Continue reading
Bert’s Savings Rate Summary: December
I know I am a little late to the game with this article, but I wanted to take some time to assess my savings rate for December. Better late than never, right? The last month of the year is always tough to save in, considering all the holiday shopping, meals with out-of-town family members, re-uniting with friends that are around the holidays, etc. With all the headwinds I was facing during the month, was I able to weather this storm and still defeat the Dividend Diplomats’ 60% Savings Challenge?
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.
Bert’s Dividend Income Summary- December
Happy New Year everyone! 2014 is officially in the books and we turn the page to a new, exciting year. 2015 will be the year of major moves, as we all continue to build on our success and grow our passive income. You know that dividend income we all received this year, we will receive more this year just from the power of DRIP and increasing dividends (See the impact of dividend growth on your portfolio). Since the year is over, I wanted to take one final look at the dividend income I received in 2014 and review my December 2014 totals. I have a surprise in store for everyone, possibly a new dividend record for me! So let’s begin.
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.
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