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 Nov 06, 2018 1:15 pm

Achievements:
- Hit the highest saving rate, 79.62%, I got paid 3 times and we made $747 selling crap on eBay and Craigslist.
- We decluttered like crazy, and continue doing it. Pretty much everything we own is on sale. We even sold Chica's wedding dress. :lol: - Our philosophy is that whatever we don't need/use and don't want to take with us to Spain, has to go.

Goals:
- Get Chica pregnant
- Keep miscellanious at less than $650.
- Spend less than $350 in groceries
- Enjoy our parents visits in town.
- I started to go for walks right after I get home from work. It helps to clear up the mind and I want to continue doing it.
- Gain some weight/strength. I noticed I have been pretty lean lately, lost some weight and I feel less strong and exhausted pretty quickly at the gym. I need to eat more and recover my strength.
- Continue selling stuff. All the good items have been sold already, but there is still 33 items active on eBay and 2 more things on Craigslist.
- At this point I feel a lot of things must happen for us to achieve the 350K by the end of the year. However, I feel we are working hard towards our goal and things will fall on place sooner or later.
Last edited by Frugalchicos on Tue Nov 06, 2018 2:06 pm, edited 1 time in total.

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

Post by prognastat » Tue Nov 06, 2018 1:28 pm

Good job on both the savings rate and making good progress to declutter. It'll make moving so much easier. Keep up the good work.

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

Post by jacob » Tue Nov 06, 2018 3:06 pm

It's quite a feat to juggle 33+ listing on eBay, so I'm impressed with your dealings. I try to aim for 10, so if something sells, it means I have to find something else to list. It's a given that you'll eventually end up with a bunch of dross that won't move even if the price drops to $0.01 (try auction style and be prepared to be disappointed first) because shipping exceeds the value of the stuff.

One way to speed things up or get rid of the dross is to assign a part of your home for "things to do" and lay them out in a presentable style. Then when someone from craigslist comes over, mention that you're moving and that you also have this other stuff you're selling. Some deals can be made right there. This works for household stuff, even dinner plates or bottles of dish-detergent---a half-empty tube of toothpaste might be stretching it though.

PS: To drop your grocery bill, just start shopping out here instead. Price differentials are high enough to experience some reverse sticker shock.

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

Post by Jason » Tue Nov 06, 2018 4:48 pm

Frugalchicos wrote:
Tue Nov 06, 2018 1:15 pm
- At this point I feel a lot of things must happen for us to achieve the 350K by the end of the year. However, I feel we are working hard towards our goal and things will fall on place sooner or later.
I feel you on the strictly quantitative goal shortfall. But you've obviously made tremendous progress and you and Chica seem like an unstoppable 53 foot trailer barreling down the ERE highway. I don't know what it was exactly for you. For me, like many, Mr. Market decided enough of this shit and took this year's gains and hit the fucking town hard.

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

Post by Frugalchicos » Tue Nov 06, 2018 5:14 pm

@prognastat

Thanks for the comment buddy

@Jacob
Yep, I can tell few of the items among those 33 (mostly books) wont sell. What it is fine, I would just donate them. However, we were able to sell 36 of the other items we posted :) - You are right about the Craigslist strategy. I always send pictures of other items to buyers who are coming to pick up stuff, and it always works.

In regards to groceries, I checked prices around where I work (Southside Chicago) and some things like veggies and fruit can be cheaper than Aldi. But for the average weekly grocery list, Aldi is the winner and more convenient (just about 1/2 mile from home).

@Jason

Yep, Mr. Market hit us and slowed our progress. However, we will keep doing what we are doing!

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

Post by Frugalchicos » Wed Dec 05, 2018 8:28 pm

Time for an update, and this time comes with big news....Chica is pregnant!!!

Excited to announce that mini Chico (or Chica!) is expected to arrive July 2019. Everything we’ve been working toward and planning for is finally falling into place. We haven’t had one ounce of worry or concern because we’ve set our life up in a way that we can be confident that our child is coming into a safe, secure home and family. Our current plan is to have the baby here in Chicago, enjoy Chica’s 3 month maternity leave and then move to The Basque Country in early November 2019. We feel happy and excited about it.

Back to numbers:

NOVEMBER INCOME – $9,830.97
Chico’s Salary – $4,315.14
Chica’s Salary – $5,225.16
eBay/Craigslist Sales – $120.25
Chica’s Dance Teacher Salary — $170.42

NOVEMBER EXPENSES – $4,464.35 ($3,294.52 if subtracting principal payment)
Mortgage: $2,152.86 (note: $1,169.83 went to principal, counting that as a savings)
HOA: $247.83
Car Insurance: $62.17
Gas (Car): $168.87
Groceries: $606.40
Cellphones: $21.74 (note: Chica’s work pays her cellphone bill, this is just Chico’s phone plan with Lycamobile)
Internet: $56.94
Gas (House): $62.12
Electricity: $33.67
Chica’s Gym: $39.99
Chico’s Gym: $29.99
Misc./Entertainment: $981.77 (includes Christmas gifts, Chica's $100 speeding ticket :roll: , a $165 hospital bill, etc.) Our misc was a little higher due to our family visits and some other purchases for Christmas.

We saved 66.5% of our take home salary. This doesn’t include any 401K contributions or retirement plans.

CURRENT ASSETS: $328,048.46 ($5,777.46 increase over last month)
Cash savings: $16,485.80
Investments: $139,862.32
Chico’s Retirement: $11,071.43
Chica’s 401K: $50,214.92
Home Equity: $110,413.99

It’s looking like we will definitely not be hitting our $350K goal for 2018 which is a bummer but it’s how it goes. I am confident we could have saved more money here and there, but we did try our best for the most part We’re still thrilled with our savings overall and feel good as we wrap up the year.
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Re: Let's go Back Home - Frugal chicos journal

Post by SavingWithBabies » Wed Dec 05, 2018 8:51 pm

Congratulations!

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

Post by prognastat » Wed Dec 05, 2018 9:07 pm

Congrats on the pregnancy.

The market downturn definitely isn't helping you reach your goal, but keep up the good work.

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

Post by wolf » Thu Dec 06, 2018 12:15 am

Congrats. Exciting times ahead of you!

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

Post by Jason » Thu Dec 06, 2018 5:37 am

Frugalchicos wrote:
Wed Dec 05, 2018 8:28 pm
Time for an update, and this time comes with big news....Chica is pregnant!!!...Chica's $100 speeding ticket :roll:
"Frugalpapa, why is my name Benjamin?"

Congrats.

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

Post by 2Birds1Stone » Thu Dec 06, 2018 7:13 am

Congrats! Loving your plan. Wonderful seeing these things unfold in real time =)

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

Post by Nicolino » Thu Dec 06, 2018 8:36 am

Congratulations!

Posting to follow since the Basque Country is a place where we think we would love to have an extended stay when we reach FI (hopefully within the next 10 years).

Last year we spent time in Bilbado and San Sebastian and absolutely loved it! The food, the nature and the culture are amazing.

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

Post by Nicolino » Thu Dec 06, 2018 8:37 am

BTW, IMHO having a child with a US passport is probably one of the best gifts you could ever give a son / daughter...

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

Post by Frugalchicos » Thu Dec 06, 2018 10:59 am

Thank you All!! :D

Definitely, very exciting times ahead. And the countdown starts...just 10 months! Hopefully, we achieve the goal of 450K by then (let''s see if the market helps).

Timeline will be as follows:

- December:
Enjoy the good times and Christmas with Chica's family.
- January:
Chica's 3 month pregnancy, hopefully everything goes well
- February:
Planned short trip back to the Basque Country. Moving as much as I can fit in the luggage (few thick sweaters, receiver and sound system. The sound system came with the house and it is worth $600. I would never buy anything that expensive, but I enjoy it, so it is moving with us)
House will be on sale after the Super Bowl.
- March:
I guess we will know if we are having a mini Chico or a mini Chica by the end of March.
- April:
We hope the house is sold by then and we are moving to a small 1bed apartment. Aiming for a $1,200 max around the area we currently live. We will reassess what to do with the moneys we get from the sale. It depends on the financial situation.
- May:
Terrible weather is over in Chicago and we can start wondering out of our caves.
- June:
Not much planned or expecting here other than being sunny and nice outside.
- July:
Baby is born at the end of the month. Chica will start her 3 month maternity leave.
- August:
Crazy and happy times with the new baby. My family will probably visit for a month or so.
- September:
Getting things ready to move. Start selling whatever furniture or stuff we don’t need at all.
- October:
I will probably give my 1.5 month notice early in October.
Put the car on sale.
- November:
We are moving.
Sale/donate whatever we have left.
Hopefully we have 450K
Peace and Love to everybody, bye bye 8-)

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

Post by jacob » Thu Dec 06, 2018 12:22 pm

Frugalchicos wrote:
Thu Dec 06, 2018 10:59 am
- February:
Planned short trip back to the Basque Country. Moving as much as I can fit in the luggage (few thick sweaters, receiver and sound system.
I have a giant suitcase you can borrow if you want. It's about as big as they come. It might even exceed transatlantic maximum these days (it was max regs in 1999 when I bought it). I'm not enough of a flying expert to figure it out anymore. You're welcome to try though.

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

Post by Frugalchicos » Thu Dec 06, 2018 12:43 pm

@Jacob

Thank you so much Jacob! But British Airways gave me a massive luggage last time they broke the wheels of my old luggage.

I appreciate the offer buddy :)

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