Let's go Back Home - Frugal chicos journal

Where are you and where are you going?
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Frugalchicos
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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Tue Aug 15, 2017 3:25 pm

@ Jason

:lol: :lol: :lol: Thank you Jason!

You have to enjoy life, we only have one!

And yes, owning a restaurant (or other businesses I have in mind where I interact with people) is kind of a dream in life.
Last edited by Frugalchicos on Fri Aug 18, 2017 12:57 pm, edited 1 time in total.

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Tue Aug 15, 2017 4:08 pm

I think restaurant is best for you. A chef is simultaneous an artist and a promoter. You seem to have that aesthetic/personality. You should try out for a cooking show, like Chopped, you'd be great at that. I can sense it, and I usually don't sense anything. They'd eat up your story about wanting to win in order to get back to live with your family in the Bosque country. I know its real and important to you but people fall for that soft lit sentimental hogwash.

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bryan
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Re: Let's go Back Home - Frugal chicos journal

Post by bryan » Tue Aug 15, 2017 7:25 pm

If you open a cider house, let us know :D

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Wed Aug 16, 2017 8:30 am

@ Bryan

I will !!

I would like to share some recipes in the future, healthy, cheap and of course, yummy!!

Planning in having some people over this weekend and cooking some tuna empanada, paella and some turkey sausages.

Pic of the paella
http://s557.photobucket.com/user/frugal ... e.jpg.html

Upload it in photobucket because it is always challenging to do it through the forum
Last edited by Frugalchicos on Tue Aug 22, 2017 8:03 am, edited 1 time in total.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Thu Aug 17, 2017 8:55 am

Considering changing our investment allocation from 90%stock/10%bonds to 75/25 or 80/20.

Taking into consideration we are thinking in moving in 2.5 years and that we won't need the money until 10-15 years from now.

Thoughts? any input would be really appreciated.

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Re: Let's go Back Home - Frugal chicos journal

Post by bryan » Thu Aug 17, 2017 4:53 pm

If going into bonds, I generally feel better about corporate bonds than government securities. 10 years is still a pretty long timescale for stocks (to dip and recover, or keep going up, or something else), afaik.

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Frugalchicos
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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Fri Aug 18, 2017 8:33 am

@Bryan
bryan wrote:
Thu Aug 17, 2017 4:53 pm
10 years is still a pretty long timescale for stocks (to dip and recover, or keep going up, or something else), afaik.
I hear you, I am kind of driving myself nuts, I am definitely taking my time to make my mind and will decide in the next month or so.

Thanks for your support Bryan!

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Sun Aug 20, 2017 3:00 pm

Ok, time for some financial update.

JUlY INCOME - $8,890.32
Chico's Salary - $4,068.64
Chica's Salary - $3,539.68
Airbnb - $1,142
Chica's Babysitting - $140

JULY EXPENSES - $4,313.45
Mortgage: $1,978.5 (note: $1,130.35 went to principal, counting that as a savings)
HOA: $244.83
Car Insurance: $64.33 (Manage to get it down $5)
Gas (Car): $53.88
Groceries: $144.47
Cellphones: $21.74 (note: Chica's work pays her cellphone bill, this is just Chico's phone plan with Lycamobile)
Internet: $78.88 (Messed up the payment due to expired CC, talked to them and next month will be credited the extra $30)
Gas (House): $49.53
Electricity: $39.36
Chica's Gym: $39.99
Chico's Gym: $10
Misc./Entertainment: $1,447,47 (note: Includes vacation in Spain & Portugal, Airbnb room for upcoming trip to DC, camping booking for Septmber and furnace had to be fixed $140)

This month, we saved 64.2% of our take home salary. Note: this doesn't include any 401K contributions.

CURRENT ASSETS: $197,924.81 - Increase NW $10,095.58
Cash savings: $1,138.86 (Invested too much money by mistake, will get the savings up soon)
Investments: $61,014.98
Chico's Retirement: $6,584.16
Chica's 401K: $37,172.56
Home Equity: $92,014.25

Achievements/Goals for next month:
- We got the Southwest Companion Pass and already booked trips to KC and DC (for free, of course :roll: ).
- We got the Chase Saphire bonus of 50,000 points (already building up points for when we move to Spain we can fly back to the US to visit Chica's family for free)
- We got a roommate for the next 5-6 months, August rent will be $500 since he came in the middle of the month. Rest of the months $975. Everything under the table, fuck taxes.
- We had an amazing trip to Boston (Chica), Spain and Portugal. Recharged the energy for the next 6 months and came back even more focused with the goal. More details and pics on Chica's blog: http://frugalchicos.com/frugal-wins-on-summer-vacation/
- To control our miscellaneous expenses. However, we let it loose for a little bit and don't regret since we had plenty of fun and enjoyed our time. Sometimes, we just need to be ok spending money (not wasting, never :oops: ).
- To get back on track with fitness.
- Keep selling crap on Ebay. Already got rid of few books (some amazingly bad) and clothes.

Image
Last edited by Frugalchicos on Tue Sep 05, 2017 12:22 pm, edited 6 times in total.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Sun Aug 20, 2017 3:16 pm

Personal Note:

Feel great about Chico & Chica. Confident we will achieve whatever we dream of.

I feel relaxed and happy, letting a big beard grow. Is it my mid 30's crisis? who cares!

Also, we have been thinking in changing our investments allocation to a more conservative one. Hell no, we are here for the full ride!!

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Mon Aug 21, 2017 2:03 pm

Good luck with the beard. That's a big move. I'm assuming Chica is on board with it.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Mon Aug 21, 2017 9:56 pm

Chica is totally on board, not sure about my boss...but who cares.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Thu Aug 24, 2017 8:32 am

Screwed up the 1 year challenge without buying any clothes. Bought 2 pairs of sweatpants and a corduroy Sherpa jacket that I wanted to buy for a while.

If I would have set the challenge for 6 months, I would have succeed enormously....but that's not the case.

Anyways, I want to get rid of all the clothes I don't use. I also have a couple of pants and sweaters that I had for over 8 years and need to be replaced.

Considering in shaving the beard..

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Thu Aug 31, 2017 2:26 pm

Isn't it amazing when your co-workers spend $15 in shitty-for sure will give you a heart attack meals every day? and then they drive to the gas station to buy a Starbucks frapuccino (they can even stay awake after eating that shit) that could have enough calories to maintain somebody alive without eating for weeks? :roll:

Well, I thought it was a good time to share a good recipe that Chica prepares to perfection in the crock pot:

Asian Pork Shoulder with Mushrooms:

Note: You can use any meet. We prefer cheap, fatty and tough meats that will become tender in the crock pot. E.g chuck roast and pork shoulder.

2 lb of your preferred meat
kosher salt and fresh cracked pepper
2 cups of broth (chicken, veggie or beef, your choice)
1/2 cup reduced-sodium soy sauce
1/3 cup balsamic vinegar
1 tsp hot sesame oil
a dash of pepper flakes
1/2 tsp Chinese five spice
3 cloves crushed garlic
1 tbsp fresh grated ginger root
10 mushrooms. We use regular mushrooms or baby bella.
Spinach and cilantro (to use it fresh on top)

The cooking method is very quick and simple:

1- Season the meat and brown it in a pan until every side is golden.
2 - Put all the ingredients together in the crock pot. Chopped the mushrooms first.
3 - Cook it slow for 8 hours (or high for 4-5 hours).
4 - Remove the fat and pull the meat. Serve on top of your favorite noodles (ramen, udon, vermicelli, or angel hair).
5 - Put some spinach and cilantro and top.
6 - Enjoy!!

The price for this recipe is probably about $8 for 6-8 servings. However, it is hard to calculate if you factor the little quantities of condiments.

Hope you enjoy it!

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Thu Aug 31, 2017 2:42 pm

That sounds delicious.

I would suggest that you create a "Frugalchicos ERE Cookbook" but unfortunately your target audience is to fuckin cheap to buy it.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Fri Sep 01, 2017 9:25 am

@ Jason

That's a good idea. I intend to post more recipes and develop a section in Chica's blog http://frugalchicos.com/ with frugal and yummy recipes. Just need to get good and appealing pictures of the food I prepare (which it is a whole science)

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Fri Sep 01, 2017 9:38 am

I've got your back Frugalchicos.

Check this one out - when you get "home" you should open an ice cream store - Basque n' Robbins.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Fri Sep 01, 2017 11:09 am

@ Jason

That is a good one!! I am more into stews though... :lol: :lol:

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Fri Sep 01, 2017 12:06 pm

Stews are good.

Well this is what I think you should do. Fuck the pictures and just posting the recipes. Film yourself making the dishes. Like a show. Call it "Basque To Where You Belong" or some shit like that. You obviously got a great personality. Let the world see it. Maybe someone notices you and before you know it, you obtain a small following. I mean people are getting legions of fans for just filming themselves fingering their own assholes these days (my channel for some reason being the exception). I'm guessing Frugal Chicas is probably a nice looking lady, get her in there too for window dressing. You know how that shit works. IF anything it prepares you for your own restaurant.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Fri Sep 01, 2017 12:53 pm

@ Jason

I agree about the pics, it is just too much hassle and quite frustrating.

I do love the "Basque to Where You Belong". And don't get discouraged, I bet your channel will be a huge success one day. By the way, what's the name of it? just curiosity... :lol: :lol:

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Fri Sep 01, 2017 1:10 pm

I took it down due to lack of viewership. I did have one fan though. This guy from India. Called himself "Muhammedfingeringcow." He wanted to swap videos but I told him no, as I was only doing it for ERE purposes.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Tue Sep 05, 2017 11:57 am

Alright, it is time for a monthly update:

AUGUST INCOME – $9,278.14
Chico’s Salary – $4,000.36
Chica’s Salary – $3,509.78
Airbnb – $293
Roommate Rent – $1,475 ($500 for August + $975 for September)

AUGUST EXPENSES – $4,928.50!!! - too high!!
Mortgage: $1,944.89 (note: $1,130.35 went to principal, counting that as a savings)
HOA: $244.83
Car Insurance: $64.33
Gas (Car): $127.23
Groceries: $314.30
Cellphones: $21.74 (note: Chica’s work pays her cellphone bill, this is just Chico’s phone plan with Lycamobile)
Internet: $48.88
Gas (House): $49.53
Electricity: $31.02
Chica’s Gym: $39.99
Chico’s Gym: $10
Misc./Entertainment: $2,031.76 (note: Includes the second week of our vacation to Spain & Portugal, home insurance and my dental work)

This month, we saved 59% of our take home salary. Note: this doesn’t include any 401K contributions.

CURRENT ASSETS: $205,751.84 ($7,827.03 increase from last month)
Cash savings: $3,500.47
Investments: $64,438.75
Chico’s Retirement: $6,899.43
Chica’s 401K: $37,768.59
Home Equity: $93,144.60

Our Goal for September is definitely get our expenses down and think in different ways of making more money.

Some ideas I have in mind:
- Ubering early on Saturdays and Sundays morning ( I wake up at 6am by myself anyways...)
- Renting our parking spot when we are away and when there is games during the week before I get back from work.

I also meant to be more deep into our numbers and start calculating and knowing how we can improve and become more efficient. This is what we got to save so far in 2017:

- January: $6,202.58 - 47.5% Saving Rate
- February: $23,778.75 - 62% SR (got a bonus)
- March: $7,101.74 - 53% SR
- April: $5,453.05 - 62.8% SR
- May: $6,579.41 - 62.37% SR
- June: $7,526.35 - 67.51% SR
- July: $7,630.62 - 72.39% SR
- August: $10,095.58 - 64.2% SR
- September: $7,827.03 - 59% SR

I will work on a NW forecast to see if we are on track with our financial goals. So far, we feel very accomplished, we achieved the 200K one month earlier than expected!! and with $5,751 extra!

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Wed Sep 06, 2017 9:44 am

200k - nice milestone. How much do you need to head out?

I just had a root canal. I categorized That expense under "Fucking My Retirement In My Fucking Mouth/Torture" as opposed to misc/entertainment but that's just my spreadsheet.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Wed Sep 06, 2017 9:53 am

@Jason

Thanks Jason, we are heading out Spring 2020 anyways. So our game is more about how much we can accumulate by that time. Anyways, we calculate FI at 350K and ERE at 500K.

Yep, I categorized the dental work under the same line as you...mine was a crown.

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Re: Let's go Back Home - Frugal chicos journal

Post by Jason » Wed Sep 06, 2017 10:00 am

Gotcha.

Yeah the dentist said The tooth needs a crown and I'm thinking stop making it sound like you are coronating the king of my fuckin mouth and tell me how much more this bullshit is setting me back.

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Re: Let's go Back Home - Frugal chicos journal

Post by Frugalchicos » Thu Sep 07, 2017 3:50 pm

Is getting colder (at least in freakin Chi-beria), and I thought a good recipe might come handy:

Baked Peaches:
- Cut as many peaches as you want in half, remove the pit and place them upside down in a baking pan.
- Sprinkle some brown sugar and cinnamon on top.
- Dash of Grand Marnier
- a coffee spoon of butter
- You can use the juice of an orange, it will add up flavor and aroma.
- Cook in a preheated oven at 425F for 15mns or until soft.
Enjoy with a scoop of vanilla ice cream!


Alright, going back to numbers: I have been working on a pretty nifty NW Forecast Excel file. I think it is pretty accurate and will help us to be more realistic about where we are standing and how much we have left to reach our targets.

The NW forecast is calculated only based on our average monthly savings (Chica's complete salary, the remaining of my salary and principal payments) and counting with an 8% return of our investments. I didn't keep into account any extra income from side hustles (like babysitting, Airbnb and renting the second room since they can be volatile) or tax return, etc. It feels like a game when the more you save and make, the closer the FI date moves on the chart.

For the upcoming months, we will challenge ourselves in fitness, diet and finances (reducing our miscellaneous expenses).
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