Re:Mr. Money Mustache’s retirement (sort of) plan
by JoshTriplett on Monday February 22, 2016 @04:28AM
(#11149608)
> I don't spend on any such thing, track all my expenses, make a good high-tech income, and still spend most of my earnings.
If you track all your expenses, you should have a pretty good idea of where your spending is going. The question then becomes how you could reduce that.
Many people spend a majority of their income on housing alone; that's can be one of the harder items to fix, but one of the most critical. A long commute creates a pile of expenses, above and beyond an expensive or inefficient vehicle. An expensive area can worsen both of those problems; it's reasonable to evaluate whether you get a high enough salary differential to compensate for the area you're in.
Past big items like those, the details tend to vary greatly between people. There are a pile of case studies posted on the MMM site, analyzing specific budgets.
If you track all your expenses, you should have a pretty good idea of where your spending is going. The question then becomes how you could reduce that.
Many people spend a majority of their income on housing alone; that's can be one of the harder items to fix, but one of the most critical. A long commute creates a pile of expenses, above and beyond an expensive or inefficient vehicle. An expensive area can worsen both of those problems; it's reasonable to evaluate whether you get a high enough salary differential to compensate for the area you're in.
Past big items like those, the details tend to vary greatly between people. There are a pile of case studies posted on the MMM site, analyzing specific budgets.