I’m baccccccckkkkkkkkkk!!!!!
I know I’ve been mostly MIA lately, and I’ll be explaining that in a post I’m releasing soon. But for now, I’m back on schedule. Expect at least three posts this week, maybe more. And the return of my newsletter!
In the meantime, here is today’s Summary Sunday.
What A Teacher Budget Looks Like
Monkey Free Me – April 8, 2018
Let’s be a bit voyeuristic for a moment…for educational purposes, of course.
There is always a lot of talk about what is a “lot” of spending vs what is a “little.” We talk about it amongst personal finance bloggers, but it’s also a common topic elsewhere. It came up recently in some of the military groups on Facebook under the guise of “why do military members think they don’t make enough?” And you’ve probably sat at the Thanksgiving table with the adults when somebody started griping about how expensive everything is these days, right?
Monkey Free Me happened to have a detailed budget published this week, so I chose his as the example. He and his family spend about $42,000 (doesn’t include income tax) living outside Dallas.
What do you think? Reasonable? A little? Too much? What is missing from the budget (I noticed nothing for clothes and entertainment)?
More importantly – what lessons can you learn from looking at someone else’s budget?
Your Money Or Your Life website
I am so excited about this!
Vicki Robin, one half of the couple that wrote Your Money or Your Life (YMOYL) that was originally published in 1992, has paired up with Grant Sabatier from Millennial Money to create a new online community centered around the concepts taught in YMOYL. I’ve already joined – you should too!
This book was life changing for me. I wrote last year about what was happening in my life when I read the book. I’ve also written about my FIRE Tracker, which was inspired by the book. Hmmm…time to update the FIRE Tracker!
Vicki has just published a new version of YMOYL that I look forward to getting my hands on. It’s been updated for 2018, so it should have brushed off some of the technical aspects that were true in 1992 but no longer are applicable while retaining all of the mindset shifts that made the book so powerful in the first place.
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