Something strange happens when I start considering investing, I start to fear loosing my assets, loosing my hard earned money but when I go shopping the contentment is here and now, I buy stuff, it makes me happy, it feels real and I don't feel ripped off at all. In fact the more I think … Continue reading Consumption vs Investment
10 months since I have taken the BSRI challenge, so where do I stand ? I have done OK I guess...
This blog just reached one year this month, but I am still waiting for the year 2017 to end crossing the #BSRI finish line hopefully beyond expectations. What is #BSRI ? it is all explained here. So far it's too early to really say how it all went but I already have reasonable expectations about … Continue reading One year into blogging
Here is a short summary of my saving rates over the course of the past 5 years; (I still have to work on the earlier years). Variations depending on real life events such as moving jobs... A saving rate above 100% means I sometimes get a deposit back or some taxes back which in some … Continue reading A history of saving
By Eric Perry, PhD-c
“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” ~Will Rogers
Whereever we look, we are constantly being fed the idea that we need more “stuff.” We have 24 hour television channels devoted entirely to enticing us to buy more and more items we don’t really need. Every commercial break is an opportunity to sell to a captive audience. For those who do not watch television; the internet is always open, perpetually stocked with anything a person can imagine. Magazines flaunt the latest gadgets, cars, clothes, makeup, and anything else they are paid to advertise. Within social media, so-called influencers aim to sway the way we live. We are constantly encouraged to be olympic level consumers. The average American household has $5,700 in credit card debt. If we exclude those who pay their credit card off in…
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how come some of the personal finance bloggers achieve 40 or 50% savings when most of us struggle to save 10% ? I barely hope for 30% myself this year and I feel committed to this. To go beyond that first 10% saving level you can start buying more clever, wait for promotions, buy in … Continue reading The ratchet effect
6 months since I have taken the BSRI challenge, so where do I stand ?
Two very minor changes recently occurred in my budget: I received a pay-hike of 40 EUR/month I cancelled a smartphone subscription of 20 EUR/month Well.. now you might be thinking it is not a tremendous change in lifestyle habit, not really close to a lottery winning ticket thing either... I am not really amazed by … Continue reading Budgeting adventure
I've talked earlier about different methods to do your own budget, clearly using a pencil and a sheet of paper and a calculator is the way to go if you are no too familiar with spreadsheets. Interestingly enough though, spreadsheets are not that new... Digging the past The first time ever you could use a … Continue reading Spreadsheets
How long before retiring, how much to save ? Two crucial questions that a bit of spreadsheet magic can help answering... Let say you start work at 25, with 35KE p/a, free of debt, and ten year later you manage to get paid 45KE p/a Your budget on average might look like this: Then we … Continue reading A few calculations