ERE Experiment - Vagabonding On A Shoestring Budget

Where are you and where are you going?
2Birds1Stone
Posts: 823
Joined: Thu Nov 19, 2015 11:20 am
Location: Earth

Re: Semi-ERE Experiment - Month 6 - Downsizing From 400 sqft to 50L Backpack

Post by 2Birds1Stone » Sat Nov 30, 2019 6:48 am

November Financial Update

Combined Assets
$695,600 (+$20,600)

Combined Spending
October - $2,430
Trailing Twelve Months - $33,820

Combined Income
$3,000 Net

Savings Rate
19%

Current Withdrawal Rate
4.9% (Portfolio = 20.5X annual expenses)

Activity
10.2 Miles Ran (34 miles last month)
213 miles biked - MTB (250 last month, mixed road/MTB)
91 miles walked (76 miles last month)
12 weigh-lifting sessions (11 last month)
1 lb gained (205.6 on 7 day average)

Musings

Individually @ $18,646 - TTM Spending, 30.2X annual expenses, and a 3.3% WR

A lot of BIG changes in November re: finances. It's my first month in 19 years without a steady paycheck. As such, our savings rate has plummeted from 70-80% down to a combined 19%. Small part of this was SO getting paid for a partial pay period till her workers comp stuff gets sorted out. My individual TTM spending flew up due to the car sale and realized depreciation of the vehicle. Luckily markets had a good month, which alleviated the mental aspects of no/lower income.

Individually, my spending was the lowest month since January, coming in at $1,233. Individual income was $1,500 broken down as such;

$600 SoFi Money referral bonuses
$300 Chase Checking bonus
$600 Interest/Dividends

Since only $900 was "earned" income, my savings rate was negative =D

With our combined finances, spending was pretty low for this month, but next month will be higher with elopement costs. TTM <$34k is pretty kick ass, and will likely drift up significantly with our upcoming travels.

Outside of financials it was a mixed bag.

Activity level stayed fairly flat overall, with MTB taking a priority over running, which showed in the mileage. Second month in a row with weight creeping up. Looking back at my spreadsheet, looks like I'm still 5.7 lbs lighter than I was this exact time last year. I'm planning on picking up the running and weight training in December.

Elopement stuff is all set for this Friday. Largest cost will be a dinner for ~10 people at a nice restaurant, which between food and booze we expect to spend ~$75 PP. Should still get everything in for under $1,000 for the big day! I'll do a cost breakdown after it's all said and done.

classical_Liberal
Posts: 1073
Joined: Sun Mar 20, 2016 6:05 am

Re: ERE Experiment - Vagabonding On A Shoestring Budget

Post by classical_Liberal » Sat Nov 30, 2019 5:26 pm

Congrats!

Jin+Guice
Posts: 485
Joined: Sat Jun 30, 2018 8:15 am

Re: ERE Experiment - Vagabonding On A Shoestring Budget

Post by Jin+Guice » Sun Dec 01, 2019 11:22 am

How'd that first week without a paycheck feel? Have you had to draw down any accounts yet?

2Birds1Stone
Posts: 823
Joined: Thu Nov 19, 2015 11:20 am
Location: Earth

Re: ERE Experiment - Vagabonding On A Shoestring Budget

Post by 2Birds1Stone » Sun Dec 01, 2019 1:11 pm

Thanks, c_L!

@J+G, it felt like freedom! Technically yes. My "spending" for November was $1,233, but $164 of that was the last month of car depreciation I had amortized, so actual cash outlay was $1,069. "Income" from SoFi referrals and Chase checking signup bonus was $900, which means that $269 was what I had to draw from the portfolio in the first month of true jobless ERE.

I have $0 in "side hustle" income coming in December, so this will be a truer test of how it feels to spend down assets, everything I spend this month is coming out of savings/investments.

Jin+Guice
Posts: 485
Joined: Sat Jun 30, 2018 8:15 am

Re: ERE Experiment - Vagabonding On A Shoestring Budget

Post by Jin+Guice » Sun Dec 01, 2019 2:00 pm

I'm very interested to know how this feels. I'm also interested to know if your expenses fall/ rise or stay the same post-retirement. IIRC you assumed they would stay the same.

ajcoleman22
Posts: 34
Joined: Mon Apr 16, 2018 8:45 am

Re: ERE Experiment - Vagabonding On A Shoestring Budget

Post by ajcoleman22 » Tue Dec 03, 2019 12:24 pm

Congratulations!

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Stahlmann
Posts: 620
Joined: Fri Sep 02, 2016 6:05 pm

Re: ERE Experiment - Vagabonding On A Shoestring Budget

Post by Stahlmann » Sat Dec 07, 2019 1:00 pm

so why u was fat guy in high school?
what would be top5 (subjective) things why ur "transformation" (in terms) of personality is/was longterm?

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