Our Finances

Then they’ll snap up 20 or more acres of land in southern rural Vermont — paying in full with cash — and decamp to the homestead. For instance, the couple toured more than 270 open houses over the years, enjoying the opportunity to take leisurely strolls through different neighborhoods and snoop through other people’s homes. They also learned real estate lingo and what they frugalwoods were looking for in a home, which was helpful when they were ready to buy.

Meet Liz

“She could very well write the next great American novel,” says Mr. Frugalwoods. “But she won’t need to worry about if the book is going to sell or not, she can just write for the enjoyment.” “Our plan does not demand us making any more money after 33,” says Mr. Frugalwoods. By sweating the small stuff, they have peace of mind when it https://forexarena.net/ comes to the big things. They could both be laid off tomorrow or lose their house in a fire and be totally fine, they calmly inform me. “Both of us are very serious planners. We don’t go into anything without considering how it’s going to work in reality,” says Mr. Frugalwoods.

1. “Most things people would pay someone else to do, we do ourselves,” says Mrs. Frugalwoods.
2. “Both of us are very serious planners. We don’t go into anything without considering how it’s going to work in reality,” says Mr. Frugalwoods.
3. By sweating the small stuff, they have peace of mind when it comes to the big things.
4. If you’ve never hiked before, give it a try – even a short jaunt through nature has the ability to recalibrate your senses and eliminate stress.
5. This transition to the new site is also why I didn’t post much in the last month.

Walkie Talkies And Other December 2022 Expenses

I want to conclude this list with the ultimate frugal recreation activity. Hiking is what sparked our dream of living on a homestead in the woods and it’s one of the things that brought us closer in our marriage. There’s something liberating and soothing about walking in the woods and climbing mountains. If you’ve never hiked before, give it a try – even a short jaunt through nature has the ability to recalibrate your senses and eliminate stress. Previously, we used janky plastic plates and bowls, bought for—you guessed it—cheap while we were in college. Upgrading our dishes was a big decision for us frugal weirdos and we knew we wanted a product that would stand the test of time.

Start The New Year In Control Of Your Money

They anticipate paying for Obamacare, since they won’t get health insurance through their employer anymore. They also know starting a family will increase their expenses but by being stay-at-home parents, they hope to save on certain costs, like childcare. The couple met their freshman year at the University of Kansas, which they graduated from in 2006 with zero student loan debt, something they noted wouldn’t have been possible at a pricier, out-of-state school. Their parents helped them pay for school, they had scholarships and they both worked campus jobs to help cover living expenses.

I’ll help you understand your entire financial situation, set goals, and provide practical solutions to manage your money. I’m a financial consultant who helps people figure out their money. I believe that managing your money opens up a world of options for how to live your life.

Their “cosmetically challenged” Honda Odyssey minivan is 19 years old. Mrs. Frugalwoods hasn’t bought clothes for 17 months, even though she’s five months pregnant. (She’s gotten hand-me-downs from her sister and a few other women.) The baby’s nursery is being set up on the cheap, too. “We’ve really created substitutions for anything we used to pay for,” says Mrs. Frugalwoods. Afterwards, they might opt for watching PBS or a movie from the library, since they don’t have Netflix and haven’t been to a movie theater in six years.

“We didn’t go out to dinner that night. Or the night after that. Or for the next year, really.” If you’re this young Boston couple, you decide to save more than two thirds of your income so you can retire to a homestead in the woods of Vermont before your 35th birthdays. An international organization with hyper-local branches that facilitate giving away things for free to one’s neighbors.

It also covers the challenge of welcoming a baby to the mix, an addition the Frugalwoods claim has only cost them $75 each month (they recently had a second). It’s true, we have amazing frugal undergarments (his and hers). For more than seven years, our sets of Ex-Officio undies have ably covered our frugal behinds. Since underwear is basically the only clothes item we don’t buy used, finding a deal on this most intimate of gear was key. Cheap cotton undies decompose, wear out, and otherwise die after a few years, if not months, of use. Despite weekly washing and wearing, they show virtually no sign of wear and the elastic is as robust as ever.

Mr. Frugalwoods worked at the school art museum as a photographer and Mrs. Frugalwoods was a tutor at the campus writing center. Lowry covers everything from debt repayment to retirement investments in an approachable and humorous manner. A wonderful read for high school grads, college grads, and anyone else trying to iron out their adulting financial life.

That will allow their retirement accounts to continue growing, untouched, for years to come. In 2012, the couple finally bought a house in Cambridge, taking advantage of low interest rates to nab a 3.85%, 30-year mortgage. At that point, the real estate market had taken a breather and since there were no other bidders they were able to negotiate under list price for the property. They put $60,000 down (or 13%) on the $466,000 house. The book is a memoir of how I became Mrs. Frugalwoods and how I reached financial independence.