Frugal chicos journal

Where are you and where are you going?
Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

@2B1S

Sounds like a plan man. Good luck to you!

Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

Time for an update:

Coronavirus Quarantine. 21 days of lockdown so far and 21 days more to go (at least)

MARCH INCOME –$11,921 - $2,375 Chica's taxes = $9,546
Chico’s Salary – $485
Chica’s Salary – $11,436

Chica also filed her quarterly taxes: $2,375 - Counting it as expenses. From now on, we will count her pay checks as net and discount the taxes every quarter from that month's salary

MARCH EXPENSES – $1,116
Rent: $0
Gas (Car): $52 - Filled up the tank right before the coronavirus lockdown started. Still have the full tank since we can't get out of the house
Groceries: $479 - A little higher but the freezer is packed. We have fish for the whole month.
Cellphones: $27.94 - Chica's international plan with Lebara
Internet & Chico's phone: $51
Misc./Entertainment: $338 It includes the following:
- $89 - Suit for new job
- $60 - shirts and shocks for new job
- $147 taxes filling

We saved 88.31% of our income.

CURRENT ASSETS: $383,052 ($59,105 decrease from last month)
Cash savings: $96,513
Investments: $286,539

ACHIEVEMENTS/HAPPENINGS THIS MONTH:
- We hit another month with low expenses and high SR.
- Coronavirus sell off/market correction. Our investments got hurt. However, we transferred $21K into our Betterment account and are planning in buying $50K in the next 2 years. Our goal is $1K every 2 weeks.
- I got a job and 2 days later we all were sent home because of coronavirus. They are planning for me to rejoin the team for when they reopen. I got the returned emigrant help again (I could get until mid 2021)
- Chica finally got her residency approved!! :D - She could apply for Spanish citizenship within a year.
- We filed our 2019 taxes. Expecting $6,200 back. We will use that money to buy the condo. We have about 40K saved in cash that is going to go towards that.
- Mini has developed a lot. She is able to crawl and move super crazy fast. She is also trying to stand up and mumbles stuff. She will be running after the quarantine!! :lol:
- These days I have been cooking a lot and I have been focused in improving my health. Not that it is bad at all, but I want to cook healthier with veggies and fish being my main diet.
- We have been doing some exercise at home and stretching. It is hard to be "active" when you can't get out of the house.
- Overall, very busy taking care of mini and playing with her.

OTHER STUFF I THOUGHT ABOUT:
- I want to go back to running when this lockdown is over. I have been picturing my life after retirement (shooting for 4-5 years if everything goes accordingly) and I see myself doing marathons, half marathons and surfing. Generally speaking, I picture myself in top shape and optimal health. So, I want to start becoming that person now and work on it in the next years.

I actually got very inspired by this guy: Lew Hollander. https://en.wikipedia.org/wiki/Lewis_E._Hollander_Jr.
85 yo and still doing Ironmans.

I think I am pretty much the person I want to be in the future (my future me when I retire) and our lifestyle is already pretty good (with the exception that we are still working and accumulating money). I always try to stay curious, active and with plenty of interests. Of course, plenty of room for improvement, I could do better at reading and I can always learn more about investing and economics. I also want to develop other habits like reading and learning about photography.

Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

Alright, time for our monthly update:

APRIL INCOME –$10,619 + 9,461 taxes = $20,080
Amazing month with good income coming in plus tax return.

APRIL EXPENSES – 836E / $914 USD - Some of the stuff below is in Euros, we do the conversion of the total into USD.
Rent: $0
Gas (Car): $0
Groceries: $456 - Similar to last month, we are probably buying a little bit more than usual, but we have to stack up since we only go to the supermarket once a week due to Covid19. We also account everything we but in the supermarket as groceris, like diapers, toiletries, cleaning supplies, etc.
Cellphones: $10 - Chica's international plan with Lebara
Internet & Chico's phone: $45,27
Misc./Entertainment: $238 It includes the following:
- $93 - Some stuff we bought in Amazon and Aliexpress
- $39 - Chica's mandatory insurance (we had to get insurance in order to be able to apply for the EU residency)
- $105 - Some clothes that chica bought for herself and mini.

We saved 95,45% of our income.

CURRENT ASSETS: $434,214 ($51,162 increase from last month)
Cash savings: $113,548
Investments: $320,666

ACHIEVEMENTS/HAPPENINGS THIS MONTH:
- We hit another month with low expenses and high SR.
- We have been in quarantine for 51 days already. We are starting the deescalation phase, we are able to go out for 1 hour a day.
- We are both technically unemployed at the moment. Chica's last day at work was on 5/1. Hopefully, everything is temporary and we both get our jobs back when this is over and can resume our plan for early retirement.
- We got our taxes back along with a stimulus check. It helped a lot to get our NW bumped up.
- The buy of the condo is still on course. We are just waiting for life to get back to normal and be able to do the paperwork.
- We found a cheaper parking spot that it is a little closer to our home. It is just 7E cheaper a month or 77E a year, which would be like paying a month less than what we were paying before.
- Mini is doing amazing. She got a little tooth right in the middle. She is also trying to stand up on her own, I can see her walking in a couple of months.
- These days, I spend my time reading a little bit (read one book, Sarah's key), doing some mods in the car (I spray painted the front grill (yes, I covered the radiator) and debadged the trunk) and plasti-dipping some headphones I was given by my father in law. I spent some time in the garage working on the car since it was a good escape of the routine of the lock down since we can't get out.
- Planning in going back to running at some point in the next couple of weeks. I just need to get in the mood, it is hard to feel excited about sports after 51 days without being able of to get out of the house.
- I also cooked a lot and spent a lot of time playing FIFA on PS4.
- I am not sure I mentioned it before, but I got a gig of like kind of an influencer for a famous local gourmet canning company. They sent me a box full of stuff in exchange of me cooking yummy stuff and posting it in instagram. I think it is pretty sweet, I get free quality food for free and they only thing I need to do is cooking it, which I do gladly.

Attached are some pics of the projects I did, some stuff I cooked and a cute pic of mini:
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2Birds1Stone
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Re: Frugal chicos journal

Post by 2Birds1Stone »

You should be very proud! 13%+ in total net worth in a single month is outstanding. I'm quickly realizing that here in Portugal we are pretty much able to live a very comfortable life on $<2,000 USD/month, with $1,500 being possible as long as good deal on housing is found. That means you would be teetering on the brink of FI if costs in Northern Spain are similar to Lisbon.

Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

@2B1S
Thanks!! the growth was basically because of the market being up these last days comparing to last month when we did our update.

Yes, life in Europe is superb. I am enjoying the weather, food (and its quality), social network (at least when we were able to hang out with people) and all the outdoor activities that I can pretty much do for free.

I believe Lisbon is about as affordable as Northern Spain. When I visited Lisbon, I thought it was pretty cheap to have lunch out, do groceries and such. Perhaps, real estate is getting expensive since it is becoming a hip place?

basuragomi
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Re: Frugal chicos journal

Post by basuragomi »

Great-looking food and great headphone recolouring! I've had the same pair for over a decade of daily use now, they are very repairable and perform great, except for the weird proprietary cable end.

Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

@Basuragomi

Thank you, I have been experimenting with plasti-dip lately. That product is incredible. I feel I gave a new life to the old headphones. The sound and quality is great, I hope they last another 10 years! :)

Nicolino
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Re: Frugal chicos journal

Post by Nicolino »

Following you now on instagram, ha! It is inspiring that you are doing well and setting out to do all the things you intended to do when this return home was an objective on an Excel spreadsheet. Hope you guys continue to make the most out of your new life!

Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

@Nicolino
Ha! just saw it. Thanks for your words, you are very kind. Hopefully, all of us can go back to "normal" soon and continue enjoying our lives to the fullest extent.

Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

Time for an update

MAY INCOME –$6,515.16

MAY EXPENSES – 1,636E / $1,728 USD - Some of the stuff below is in Euros, we do the conversion of the total into USD.
Rent: $0
Gas (Car): $0
Groceries: $546 - Similar to last month - Covid boredom and being in the house as one of the only options translated into a bigger grocery list.
Cellphones: $10 - Chica's international plan with Lebara
Internet & Chico's phone: $44,97
Misc./Entertainment: $850. It has been a special month in this department since we had a couple of one time expenses. It includes the following:
- $144 - City sticker to be able to drive the car around. It has to be paid every year
- $39 - Chica's mandatory insurance (we had to get insurance in order to be able to apply for the EU residency)
- $480 - Longboard, bag and leash
- $32 - Amazon - Bought a Casio w800h 1aves - Water resistant, needed it for surfing
- $29 Chica's cosmetics
- $102 Fun
Parking: $80

We saved 73.48% of our income.

CURRENT ASSETS: $484.461 ($50.247 increase from last month)
Cash savings: $117,402
Investments: $367,461

ACHIEVEMENTS/HAPPENINGS THIS MONTH:
- Stock market is recovering, our NW went up again like crazy
- We were in quarantine for over 70 days. Now we are able to walk around anytime, go to bars and restaurants and drive to different towns in our province. Most of the people wear a mask in public spaces and it is mandatory in public transportation and indoors like supermarkets, shops, etc.
There has been 27K deaths in Spain, about 1,800 happened in the Basque Country.
- It seems I will get my job back soon if everything continues the way things are going over here. Pretty excited about it but happy to still have some days to enjoy for myself.
- Mini chica has two teeth, crawls super fast and already stands up by herself for a few seconds.
- It seems that my parents divorce is happening anytime soon. It is kind of weird to navigate through those feelings now and it will definitely feel awkward seeing them living separated.
- I got an amazing longboard that I am enjoying a lot. The other day I had an amazing day at the beach. We were just 5 guys at the peak and I pretty much caught every wave. Quite an amazing feeling of freedom and excitement when you are riding a wave in a beautiful beach surrounded by mountains! I can even see banks of fishes swimming in the water when the wave is forming.
- Chica is making some new friends. She got to meet an American girl who happens to live right by us. She also hanged out with some of my sister's friends who are very nice.

GOAL FOR THE MONTH:
- Do a better planning with our grocery list.
- Continue improving surfing while having a great time doing it.
- Chill, relax and do some day trips around if weather permitting.

These are some pics of the highlights of the month. Day trip to a castle nearby. My new watch, the longboard and me paddling with the longboard :
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2Birds1Stone
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Re: Frugal chicos journal

Post by 2Birds1Stone »

You are living the dream my friend! Does chica surf too?

Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

@2B1S

Thanks man, can't complain to be honest. Just came back from a wonderful bbq in the mountains and tomorrow morning I am going surfing with my sister.

Chica is planning in taking some lessons next week or the next. It is good to have more surfing buddies.
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Frugalchicos
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Re: Frugal chicos journal

Post by Frugalchicos »

Today has been a year anniversary of funemployment/year gap/break/whatever you want to name it. Time flies!! Looking back I can name a few highlights, like becoming a father, running a half marathon, moving back to my home city, going through a pandemic and relearning how to surf.

As a brief summary of the month (I have limited access to the internet since we are spending a couple of weeks by the beach), but I believe our NW is about $482,000. It is a little less than last month because of the stock market slipping a little bit.

It has been a good month. Quite amazing to be able to walk to the beach barefoot with my wetsuit on.

theanimal
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Re: Frugal chicos journal

Post by theanimal »

Oh man! What a beautiful area! You've had a great year. I'm looking forward to reading about many more like it.

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