Posts Tagged ‘saving money’

My CostCo Investment: 6 months later

January 16, 2013 10 comments

We hear so many iterations of “Savings, Savings, Savings!” from various retailers trying to convince consumers to spend more and more.  But aren’t there some deals that actually make sense?

For a long time I’ve wondered about a membershipa at CostCo, so I decided to prove it.  As you probably know, I love spreadsheets so I documented my purchases vs the equivalent price at a few local grocery stores.  Here’s how it all worked out!

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Driving my gas costs into the ground!

January 9, 2013 2 comments
Gas Costs
The IRS recently increased the business mileage reimbursement rate to 56.5 cents/mile.  A few months back, I showed that the marginal cost for driving my vehicle is more like 30.88 cents/mile.  Although this is cheaper than the IRS average, it’s still not great.
It got me thinking about my cost of driving, and how much I’m still spending on my car.  As you can see by my fuel costs over the past few years, I’ve made some progress but I’ve got a long way to go.

What’s your Expense Freedom Day?

December 13, 2012 Leave a comment

Boiler Blast

Tax Freedom Day is a concept used to compare how much of your earnings go to taxes.  Basically, it assumes that everything you earn goes towards taxes 24/7 until you pay your share of taxes, to give you a feeling for how much of your income is used to run the government before you get to spend anything.

For example, if your effective tax rate were 25%, your tax freedom day would be April 1st (exactly 25% of the way through the year).  So then I wondered, how many days are you working just to cover your expenses?  For many people, it may be until December 31st, but it’s a useful exercise to understand the magnitude of each of our expenses. Read more…

What to do with an extra $4,000?

December 12, 2012 Leave a comment


So last week the lottery gave out a bunch of money ($500 million maybe?) and everyone was talking about what they’d do if they won.  Given that I’m much more likely to get hit by lighting, twice, I started thinking about events that are a little more certain… like my 2012 tax refund!

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I still don’t understand dry cleaning?

November 14, 2012 1 comment

Have you ever felt our of place among a group of your peers who all seem to have an incredibly bizarre habit that you don’t share?  I see people walking around with dry-cleaned clothes all the time, but I’m still a little confused on the concept.  I’ve honestly never paid to have my business casual style clothes dry-cleaned and I don’t plan on it (exception: Suits and Tuxes).

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Categories: Cutting Spending Tags: ,

Financial Update – Q3 2012

November 12, 2012 3 comments

I know this is about a month late, but better late than never.

I like to take a look at my spending, saving, and net worth every quarter to see how I’m performing year over year.  My goal is to hit a 50% after tax savings rate for 2012.  In 2011 it was 20% so this is a fairly aggressive goal.  Go big or go home!

So let’s compare YTD 2011 to YTD 2012

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Airports need Psychiatrists

October 18, 2012 Leave a comment

Tremendous Travel

I LOVE airports!  I enjoy airports almost as much as I enjoy visiting new cities and exploring.  Every time I fly for business or pleasure, I’m reminded how spectacular my life is.

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Categories: Cutting Spending Tags:

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