Financial Freedom

Random Thought Alert: Is being a houseperson ‘cheating’ at FIRE?

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I have had a few trying weeks at work (who doesn’t?) where I’ve gritted my teeth, put my head down and typed like my life depends on it whilst muttering under my breath about ineffective work ethics. On particularly stressful days I imagine just quitting and going home to my comfy bed.

I very much doubt it is a particularly unique dream.

But it is a dream that I could do tomorrow. I could hand in my notice and tell hubby that I’m going to become a housewife.

And it got me wondering….if FIRE (Financial inductance/Retire Early) is all about the freedom to choose whether you need to work or not, of having enough to live on then technically are not housewives/husbands/partners living the dream already?

You are effectively generating a passive income by supporting your partner.

But is it ‘cheating’ at FIRE?*

I feel like the answer is probably a personal one due to how you view money as聽mine and yours. You may think that I’m just splitting hairs – I am aware that I’m being pedantic – but is it not interesting to view this big scary idea of saving enough to stop working as something hundreds of thousands of people are already doing?

Do you have thoughts on my random thought of today?

 

 

 

 

*P.S. I don’t think being if I became a housewife I would consider myself as FIRE as I would want hubby to have the same options as me – we are a unit/financially tied together being married – but I figured my weird way of looking at the world might be interesting to you 馃檪

Financial Freedom · Organising

Financial Friday – Why I’m signing up with Money Dashboard

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This time of year most blogs are reviewing how they did the previous year and where they want to steer this year’s progress. I however, am not…

…cause my spreadsheet is incomplete for pretty much half of last year! I hang my head in shame!

See, my spreadsheets go back to 2010. I can tell you how much we spent on food, utilities, presents, holidays, you name it, in pretty much any month going back ten years. I’ve always been proud of that fact and normally I’d sit down with all the account records and update my finances for last year.

This year I find that I simply don’t have the inclination to be arsed, I’m shattered and part of me wonders – why should I?

  • In general our money habits are better than the majority.
  • We have a three month emergency fund set up.
  • Standing orders drip feed different accounts.
  • We have no debt apart from the mortgage.

Yet I can’t sleep. How can I possibly budget for the year ahead without knowing the averages for last year?!? How can we increase our savings/investments? How can I figure out where we are overspending on pointless, unworthy things? How much can we afford to redecorate the stairway? How, HOW, How?

Simply put – it would be bloody difficult.

So this weekend I’m going to put aside half an hour and get an account set up with Money Dashboard. The reviews looks decent and it’s time to jump in.