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Re: cmonkey's journal
Posted: Thu Feb 16, 2017 7:19 pm
by George the original one
I thought ducks & geese are supposed to be more enamored of slugs than chickens?
My favorite use of birds for garden pest control, however, was a bird run made of poultry fencing around the garden perimeter. Took care of the problem that the birds tend to abuse the vegetation too much if left on their own. Basically a chicken moat for the garden!
Re: cmonkey's journal
Posted: Thu Feb 16, 2017 7:51 pm
by halfmoon
George the original one wrote:My favorite use of birds for garden pest control, however, was a bird run made of poultry fencing around the garden perimeter. Took care of the problem that the birds tend to abuse the vegetation too much if left on their own. Basically a chicken moat for the garden!
This is brilliant, for all sorts of buggy pests.
I feel that chickens are (again) in our future!
I also have heard that ducks are better at eating slugs; not sure about geese, because the ones we had only ate grass. I've seen ducks lunge out of our pond, run across the grass and sieze a slug, then carry it back to eat in the water. I'm guessing that the water is to wash the gluelike slime out of their mouths. I would need kerosene.
This is all species-dependent, of course. Ducks are just as picky as humans: some only dive for food, some never dive, some are vegans, some are pescatarians, some follow the @brute keto diet.
Re: cmonkey's journal
Posted: Fri Feb 17, 2017 6:24 pm
by cmonkey
Hoophouse Update
One month ago tomorrow I planted my seed. I think I'm going to have to do some thinning.
We'll probably have a lot of arugula and lettuce in mid-March which is very early for our climate.
Re: cmonkey's journal
Posted: Thu Mar 02, 2017 10:57 am
by cmonkey
February 2017
Another great month - in fact this was a record low for expenses for us. We saved 90% of our income.
Life is just chugging along right now with nothing spectacular going on. Work has been exceptionally busy, but it makes the days go fast. I'm working from home 2 time weekly now.
We spent only 73 on food this month. We have been concentrating on eating what's in our freezer/cubboards that we stored from the garden. So we bought very little. We also haven't eaten out in a long time.
We're starting seeds now - onions, peppers and celery. We're also thinking of starting some peas and spinach in the garden because its been so warm. I'd say about half of the garden is covered in woodchips at this point. We are also finally getting lots of eggs again after getting nothing for 3 months.
I also changed my 401k deposits to 23% so I'll max it out for the year. In December I'll need to change the % so I don't go over.
I've also finally started working on re-finishing the floor in our bedroom, so we had some small renovation expenses.
Expenses/Savings
Total Spend - $585.05
Renovation Spend - $66.35
Normal Spend - $518.70
Total Savings - $5,501.20 ; 90%
Total FAI - $4,028.83 (+255.37)
Time to Bills Only - 6 Months (-1)
Time to Bills & Food - 20 Months (-1)
Time to TTM Expenses - 42 Months (-4)
TTM Expenses - $13882.23(-729.41)
Our TTM dropped sharply this month and contributed to a 4 month gain in our time to having our expenses covered by investments.
We are up to just over 8 years of expenses saved at this point and a SWR of 12.36%
Re: cmonkey's journal
Posted: Thu Mar 02, 2017 11:14 am
by wolf
Hello cmonkey. Congratulations for your good numbers in february. It's quite impressing. Am I assuming correctly that you are aiming for 2020? That's the point when your passive income rises above your ttm expenses, isn't it?
Re: cmonkey's journal
Posted: Thu Mar 02, 2017 11:30 am
by cmonkey
@MDFIRE, August 2020 is the current 'crossover' date, but if our expenses fall as I anticipate them falling, our date will come back to late summer of 2019. I likely won't quit working at that point, because I won't be at 3% yet, more like 3.5%-3.75%, but I might explore other employment options once we cross over. 'More comfortable with more risk' sort of thing.
So it'll be the first step of FI. We'll be FI, but why not try for super-FI?
As I get closer to 2019, I'm planning to add another goal on my FAI chart. It would likely be another year of work.
Re: cmonkey's journal
Posted: Thu Mar 02, 2017 11:49 am
by C40
90%!? Holy moly!
And spring is such a great time for a gardener. Life is full of possibilities
Re: cmonkey's journal
Posted: Thu Mar 02, 2017 2:57 pm
by cmonkey
C40 wrote:90%!? Holy moly!
And spring is such a great time for a gardener. Life is full of possibilities
Holy moly indeed.
Spring is definitely here where I am. We have tons of crocus blooming in our orchard, they spread from last year. Daffodils are poking through, day lilies have 6 inches of growth on them. My plum tree's buds are swelling. I just hope the trees don't bloom for a while yet, they will certainly get knocked off by a cold night.
Re: cmonkey's journal
Posted: Thu Mar 02, 2017 3:09 pm
by Gilberto de Piento
You are a savings machine! Great job! I'm very impressed.
Also, I like the "Savings & Expenses" and FAI charts. You are good at capturing more than one piece of information in a chart.
Re: cmonkey's journal
Posted: Thu Mar 02, 2017 3:21 pm
by cmonkey
@Gilberto, Thanks! I do enjoy a good chart. It has taken a lot of playing around to get where I am. Then I moved to Google docs and had to do it all over again.
Excel is much easier to make charts! But it's not nearly as portable.
Re: cmonkey's journal
Posted: Mon Mar 06, 2017 6:02 pm
by cmonkey
Re: cmonkey's journal
Posted: Sun Apr 02, 2017 6:56 pm
by cmonkey
March 2017
We had another great month and topped off a great first quarter of the year. We had normal expenses of 1468.72, and a savings rate of 79%. Of that, $671 was home insurance which comes each March. So $797.72 for everything else. This falls in line with January and February. Last year we had expenses of over $2200 for March so this year was much better.
January - $804.08
February - $518.70
March - $797.72 (+ 671 home insurance)
Our savings rate for the first quarter was 86%. April and May are 'non-home-expense' months so we should stick under 1K for each.
Interesting things for the month -
We ate out for the first time all year on March 24.
We achieved our highest investment income level so far - $275.12
March was an exceptionally busy and stressful time for me at work. Taking on more leadership/leading meetings is not what I enjoy doing, but it had to happen. We had big changes going into production this past weekend and no one else could have organized it. The past 7 days have been particularly horrid, with full weekends worked as well. Now that we're done, life will get much better at work!
Expenses/Savings
Total Spend - $1556.69
Renovation Spend - $87.97
Normal Spend - $1468.72
Total Savings - $5892.88 ; 79%
Lending Club turned positive this month. The higher interest rates have boosted income a bit, but charge offs are still pretty high so income was pretty low.
Highest dividends ever!
Total FAI - $4,255.63 (+225.96)
Time to Bills Only - 5 Months (-1)
Time to Bills & Food - 19 Months (-1)
Time to TTM Expenses - 38 Months (-4)
TTM Expenses - $13112.10(-770.13)
Our TTM Expenses took another great plunge this month. We have one more plunge to make in May and then we will be around where I expect our goal will be - somewhere in the 11K-12K range.
SWR decreased from 12.36% to 11.17% and years saved increased from 8.09 years to 8.95 years. We'll just call it 9!
Hedonic Adaptation to Savings Rate
So I've noticed that saving 5K dollars/month isn't as exciting as it was just a few months ago. I think I'm past the point where I get happiness from huge savings deposits and it's really just a waiting game now to get to where I want. The same with our low level of expenses. It's a feeling of "well this must be what everyone else is doing, so what's the big deal". I guess it was bound to happen, but I didn't expect it so soon into this.
Gardens
We have been really busy cleaning up our gardens from last fall when we had no time. We've also been busy starting a lot of seed and have begun hardening off some spring crops like peas, brassicas, celery, onions, etc.... This is also partly due to not having room in our grow setup.
Can you see why I'm building a greenhouse.
We always plant way too much.
Re: cmonkey's journal
Posted: Sun Apr 09, 2017 3:48 pm
by cmonkey
Cookin' Like Cowboys
Last night we had our first cookout of what will hopefully be a lot this year. We love cooking/eating outside, DW because it's fun and myself for the energy savings (and fun too!). It's pretty easy to cook with fire, but you need cast iron if you want to cook something that needs a stovetop (i.e. rice). We are on the lookout for an old set. In the meantime, pre-cooked meats on skewers, pizza and anything that can cook in aluminum foil (most veggies) will be on the menu. Oh and marshmallows of course. The great thing about cooking over fire is that everything just tastes 100% better.
Late last week we went and picked up 2 truckloads of free firewood from a guy 7 miles south of us. Craigslist is great, and free fuel for cooking is even better. We already had a bunch of old walnut from when we chopped down some trees a few years ago. Now we have enough wood for a couple seasons.
Our eventual plan is to build a sort of outdoor kitchen area with a waterproof cabinet for some utensils/cookware and some nice seating. For now we just haul what we need from the house. It'll be really awesome when we are eating our meals that are growing 20 feet away.
Re: cmonkey's journal
Posted: Sun Apr 09, 2017 4:46 pm
by jacob
In the 16th century, aluminum was as pricey as silver is today. We get to enjoy it as disposable rolled foil as long as we got very cheap electricity.
Lodge Iron pans are just fine if you season the hell out of them and not let ignorant household members abuse them. There's a 10 minute lecture about cast iron that must be thoroughly understood by all users.
Re: cmonkey's journal
Posted: Sun Apr 09, 2017 11:30 pm
by C40
Yeah, I think I heard that in some period aluminum was MUCH more expensive than silver (or gold or basically any other metal). There was a time when at a big dinner event, the highest royalty would get to use aluminum, uhh, utensils ("Silverware"), and the second and third rate folks got to use gold, silver, and other precious metals.
Re: cmonkey's journal
Posted: Mon Apr 10, 2017 7:55 am
by cmonkey
jacob wrote: ↑Sun Apr 09, 2017 4:46 pm
Lodge Iron pans are just fine
Is this what you cook with?
Yea I forgot to mention I don't really enjoy the aluminum foil method of cooking due to the waste, but it works. We've only cooked once with it this year. I'm not aware of any alternative other than a cast iron pan with a cover.
Our local antique store had an old cast iron set that was in great condition for SUPER cheap about 3 years ago, but we were stupid and didn't get it. Still waiting for another deal like that.
Re: cmonkey's journal
Posted: Mon Apr 10, 2017 8:53 am
by jacob
Yes
Re: cmonkey's journal
Posted: Mon Apr 10, 2017 10:41 am
by jennypenny
If you spray the side of the foil touching the food with non-stick cooking spray, it's easy to clean and reuse it a few times. You can also ball it up and use it instead of steel wool to scour the grill clean. Heavy duty foil works better if you want to use it a few times.
Another option is to buy an inexpensive
cast iron griddle and use it like a burner. Put it on the fire and then sit a regular pot on top of it to cook your food. It takes longer but eventually gets the job done.
Re: cmonkey's journal
Posted: Mon Apr 10, 2017 11:48 am
by George the original one
cmonkey wrote: ↑Mon Apr 10, 2017 7:55 am
Our local antique store had an old cast iron set that was in great condition for SUPER cheap about 3 years ago, but we were stupid and didn't get it. Still waiting for another deal like that.
I'm all for pre-owned cast iron cookware as someone else has gone to the trouble of seasoning it and smoothing out the rough edges!
Re: cmonkey's journal
Posted: Mon Apr 10, 2017 11:57 am
by Fish
+1 to Lodge. It was rough beginnings even with a lot of seasoning but after regular daily use, it slowly broke in and has become my favorite piece of cookware.