“Everybody needs a budget!”, “build up an emergency fund of 3 to 6 months of expenses”, “renting is better than buying a house” – these are just some of the opinions and advice you can read on personal finance blogs. But is the (finance) world all black and white, or are there shades of grey, exceptions to the rules or cases where it depends? The blog article that received the most interest last month here on FIREhub tries to debunk…
How much of your income should be spent on housing? What about the cost and time spent commuting to work? Compound Your Freedom shares his insights with us.
{ in·deed·a·bly } shares an early experience he had that was instrumental in him making sure he always had an emergency fund to fall back on.
Sam gives a real-world example of how having cash reserves can save you a lot of stress and hassle.
The Cashflow Cop takes us on crime scenes and presents us compelling exhibits. Find out if you are guilty of a financial ‘crime’ by reading his excellent article.
Podcast: The benefits of a frugal lifestyle | Oliver from frugalisten.de| by FI Europe Podcast | Oliver lives with his girlfriend and baby daughter in Germany. He leads a frugal lifestyle and wants to retire at 40. In the podcast, he shares some life hacks and his story. You can read the transcript and show notes here. Podcast created by financial-independence.eu
The CashflowCop has put together an extensive and well-structured beginner’s guide to Financial Independence. It includes a calculator and also some thoughts that are interesting not only for newbies.
Mr Frugal Fox points out the problems with allocating specific amounts of money to specific funds and advocates taking a simpler approach.
Many tips and links for newbies and if you are already into frugalism you can check if you can still optimize or find new ideas over at TuppennysFIREplace.
Did you think about the budget you will need per year from the day you retire until… well, you pass away? This is indeed a key question that every one of you should really think about! @thepoorswiss published this nice article about the topic. Enjoy
