Do you like the idea of financial independence? Do you live in Europe? If so, then take a look at FIREhub.eu. This is a new online community for exchanging ideas and support for financial independence that’s all European. Otherwise, read on for some more details…
A large amount of my finances are based on yearly living expenses. Each year I increase my yearly expenses by about 2% and I review again at the six-month mark. Here’s my new Budget 18.0 total and initial allocation for 2018.
I finally had a light bulb moment after more than four years of learning about personal finance. I’ve been making a fair amount of changes to my portfolio during my blogging absence. And while I’ve yet to post my new asset allocation, here’s one change I’m making which is long overdue. Drum roll, please…
Continue reading “It finally clicked – my light bulb moment”
It’s time to look at updating my budget. I like to review and update my budget twice a year. I last updated it for the start of 2017. Let’s see if any changes are needed for the last half of 2017.
Apparently nobody told my insurance company that inflation was under 2% a year. The auto insurance renewal quote I received in July included a 14% hike in the premium. My policy was already expensive to start with (thanks Michigan), so saving money on insurance became high priority. It’s time to go shopping …
Back in the dim and distant past, a windfall referred to wood or fruit which was blown down by the wind and so became free to anyone. It was later in the 16th century that the term was used for any unexpected acquisition of wealth. Here are some thoughts on how to deal with unexpected sums of money.
Time for some therapy. “Hello, I’m DividendLife and I have irrational financial behaviors.” It’s true! I sometimes make less than optimum financial choices and I know it. Yet I’m somehow okay with that. Here are three irrational things that I know I do and why I choose to accept them.
Alright so it’s not really up there with one of Lord Blackadder’s dastardly schemes. But my plan is to renumber my future budgets so that I can easily tell which year each one is for. For 2017 I’m going to call it version 17.0 which shares the same number as the year. Cunning or what? I may need to modify it in six months, in which case it’ll be revised to 17.5.
The word budget typically has a negative connotation to it. After all, it’s a restriction to a limited resource (money). A budget is really just one tool in the personal finance toolbox for following a plan. But if money is limited, how can you budget for happiness?