Budgeting Archives

My remarkable budgeting ways to reach the illusive Financial Independence

Last Updated on September 28, 2021 by Mr. FightToFIRE

Before you can invest and build up your portfolio you have to start with the basics: budgeting. It’s safe to say managing your budget is a key point to reach Financial Independence.

Banknotes and coins on a table with an hourglass

The Most Important FIRE Ratio: FIRE Savings Rate

Last Updated on July 28, 2020 by Daniel Woerle

The FIRE Savings Rate (SR), is probably one, if not the most important concept you must understand when you try to reach Financial Independence and Retire Early. It’s also the perfect place to start if you are wondering how to get into FIRE. So, let us see what this FIRE savings rate or simply “FIRE ratio” actually is.

the key to wealth and financial independence

How I achieve a +80% Savings Rate and is it the Key to Financial Independence?

Last Updated on September 28, 2021 by Mr. FightToFIRE

Updated content: 09/01/2019

Added my target net worth
Improved writing

In an earlier post, I showed how I calculate my savings rate and how you can find out your own.
I explained the savings rate and used myself as an example for September.
In this post, I’m going into more detail on how I got such a high ratio for September and the two months before.

Women choosing from a cafeteria menu. An indicative image to clarify where the employee benefits plan got it's name from.

Cafeteria plan: improving wants & needs for your convencience

Last Updated on September 26, 2020 by Mr. FightToFIRE

A cafeteria plan is an excellent way to streamline fringe benefits, also called employee benefits. An employee uses a part of his pre-tax income to choose from a predefined list of benefits. For an employer, it’s an excellent way to improve the take-home salary of its (potential) employees and keep them happy by letting them chose their own benefits.

The bitterness of poor quality remains long after the sweetness of low price is forgotten

Frugal with a twist

Last Updated on June 17, 2019 by Mr. FightToFIRE

Just like most people trying to achieve FIRE, I encounter the occasional jab regarding my way of living or at least how “I’m being cheap”.
I just don’t like throwing my money through the window every day and if I can save money by being more mindful I will do, i.e., being frugal.

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