2019 has been a surprising year for me. While I failed miserably in some of my goals, I did more than awesome with my FIRE targets for this year. BaristaFI Funds required for BaristaFI as of December 2019: June 2018: 17LAugust 2018: 15.5LSeptember 2018: 15.4LJanuary 2019: 15LMarch 2019: 14.8LAugust 2019: 9.5LDecember 2019: 5.1L This was a good year as I […]
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The Upcoming Recession
It’s beyond argument that recession is looming globally. India specifically has seen the worst year so far. Auto Industry woes continue. Livemint recently reported that “passenger vehicle industry suffered its worst sales performance in nearly 19 years in July as a slowing economy, higher ownership costs and floods in some states deterred buyers”. Auto companies are also stopping productions as […]
read moreSavings Update – August 2019
This is my least favorite blog post to write about — even though I love tracking my savings and expenses. True to my promise, I’ve cut down on savings update. This month is special. I’m quickly going to jump on to the good news. After years of struggle and penny-pinching and what not (just kidding), my required number for BaristaFI […]
read moreSavings Update – March 2019
I’ve decided to cut down on the frequency of Savings update from here, possibly every quarter instead of every month. I wouldn’t call it a tough decision. It’s quite boring to write about how much I am saving and my expenses. However, I don’t want to stop writing about it for two reasons — one is to keep myself accountable […]
read moreSavings Update – Jan 2019
The last saving update I made was in September 2018. Yikes! I need to be more consistent in my writings as I am with my savings. Not complaining though 😋 Expenses Rent & Bill 4,000 Dining Out 2,000 Entertainment 1,500 Transport 2,300 Clothes 0 Sports Activities 4000 EMI 54,000 Total 67,800 I’ve added a new category “Sport Activities” as I’ve […]
read more2018 Year End Review
I started on the Financial Independence journey two years ago when I had a colleague tell me how much he’s been saving up for his retirement. That was an eye opener. Although I couldn’t save much in 2017 for varied personal reasons, I had decided that 2018 is the year when I had to start saving. And what a year […]
read moreSavings Update – September 2018
It’s again that time of the month for monthly budgets, updating spreadsheets and making investments. Expenses Rent & Bill 4,000 Dining Out 2,000 Entertainment 1,500 Transport 2,600 Clothes 2,000 Gifts 2,500 EMI 54,000 Total 68,600 Barista FI Funds required as of: June 2018: 17LAugust 2018: 15.5LSeptember: 15.4L As suspected in my previous August update, I couldn’t save much this month […]
read moreSavings Update – August 2018
It’s mid August when I first started drafting this post and it’s still raining heavily here. August has been turbulent and even that would be an understatement. Expenses Rent & Bill 16,000 Groceries 3,800 Dining out 1,000 Entertainment 0 Transport 2,000 Phone 40,000 Total 62,000 My phone stopped working and I had to purchase a new device. Over the last […]
read moreWhat Is Financial Independence For Me?
I first came across financial freedom, retire early or FIRE last year in November. And it changed my life would have been an understatement. I never looked at money this way before. When I was freelancing, I would earn quite a good amount but I would save it enough just for long travels. As a result of which I never […]
read moreWhy Consistency In Savings Matter More?
We have been discussing about where to invest and how you can go about with your salary allocation for savings. I want to talk about consistency in investing today. It’s extremely important and it’s boring. When I first started investing for my retirement back when I was 24, I hated seeing a so much of my salary which I could […]
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