I named this blog “Diary of a reformed spendthrift” after I had the epiphany that I had been living a life of financial irresponsibility. It’s past tense and alludes to the fact that I’m a finished product, that knowledge of my previous state of mind would automatically propel me to the destination that I seek – one of luxurious thrift. My previous posts on failing my ‘£1 a day on food’ challenge and my extremely spendy February share my frustration at my seeming inability to spend in line with my aspirational budget. Continue reading
It’s two thirds of the way through March and I’ve failed [yet again] another challenge of mine. I went 18 days before I capitulated and spent £15.75 on a Sunday roast after a hard game of football. This roast dinner came right after a work trip to Milan where I was able to indulge (courtesy of my company) on some rather splendid meals with my colleagues. I had no will when hunger struck to wait till I could go home and cook something. These aren’t excuses, just facts.
How many times have you thought about doing something, or read about someone else’s achievement, and thought “I want to do that, but I’ll do it one day”? I bet it happens a lot. I’d even bet that it’s happened once this week. With the number of things and people and skills I admire, I’d argue I experience this at least once a week. It’s otherwise known as the bucket list but I haven’t used that term because apparently that’s a millennial thing and apparently I’m not a millennial. Continue reading
I’m over halfway through the month and so far March is looking a lot better than February was. It’s super challenging trying to spend £1 a day given the haphazard nature of my days, splitting my life between my place and my girlfriend’s on different sides of the river, tons of socialising and a massive appetite. It’s also challenging trying to do loads of exercise and sport and get out of bed early when I feel so exhausted a lot of the time.
I’ve had a rather interesting first full week of giving up lazy. For those of you who are new to this blog, I wrote about my outrageous February spending. I had a lot of takeaways. I got Ubers a few times. I didn’t cycle in spite of the fact I got my new bike nearly a month ago. It was outrageous, shameful and unsustainable. I decided on Shrove Tuesday that I was going to give up [being] lazy for Lent. Continue reading
I went for a quick drink with a mate of mine that I haven’t hung out with for ages. She wanted to know about love, and work and life in general. Somehow we got onto the topic of aiming for early retirement. Her response was a sigh and “you bloody millennials and believing that you can retire early! The only way you can retire, is to keep working till you’re 65.” She’s worked in finance her entire career and has no faith in bonds, stocks or property as a vehicle for long term passive income. She might be right but the only way we can find out is if I keep aiming for FIRE so I’m not giving up yet.