Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

Category: Budgeting

Live with less

We live a conscious life.

We consciously choose our purchases, our investments, and our lifestyle.

 

When we face a choice, we try to think of alternatives and try to pick the optimal option that will maximize our happiness while minimizing costs. Using the utilitarianism ethical theory, for example, “Happiness” here is defined as the maximization of pleasure and the minimization of pain.
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We Only Spent $2,359 on our Honeymoon

Last September, we got married and waited until the winter to go off on our honeymoon. After much consideration, we decided to escape the snow in Mexico. All through our trip, we have kept a tab and tracked our expenses to share with you guys. To make it easier for everyone, prices have been roughly converted CAD to USD at 1.3, CAD to MXN at 15, and USD to MXN at 20.
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Open Book – How Much Are You Spending?

This is part of our Open Book series, you can start here if you did not read our first post.

 

With today’s online tools like Mint or Personal Capital, it is super simple to track a budget and hopefully, to follow it. We have been tracking our finances for a few years now and our most recent focus is our savings rate.
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Open Book – Married Life and Investments

This is part of our Open Book series, you can start here if you did not read our first post.

 

A few things changed since we got married last month. I will now be including my lovely wife on the journey and we will start writing some posts together. Mrs. Xyz was always on board with financial freedom but she will now start to contribute to the blog.
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Travelling to Guatemala

Back in 2014, I went on a 1 month-long trip to Guatemala with my family. This trip really changed my views on life and on the meaning of happiness in general. To relate to my financial path, seeing and learning this culture helped me realize how it is possible to live on a lower budget while living a fulfilling, happy, life.
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I Run On Auto-Pilot

A key part of your financial success is automation. By having your finances on auto-pilot, it will take out the emotional, irrational, decisions one could make while investing. In addition, it will take the stress and time commitment out of your personal finances. This will allow you to stay on course regardless of your motivation and bring a lot of convenience to your everyday life.
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Boss Around your Finances

Living below your means is the key to financial independence. Whether you have debts you are trying to pay off or you are in the accumulation phase of great wealth, you always need to earn more than what you spend. If you earn less than you spend, you will fall into an ever increasing amount of debt. With a good budget and proper planning, anyone can succeed.
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Finding your Perfect Budget

For most people, starting a budget can be hard and even harder to follow through. I think that a simple personal budget is always better than no planning at all and can drastically help your savings in the long term. Finding your own way is the first step to a clear and sound financial path.

 

 

Keep it simple

Most budgets include too many things to follow or are simply too tedious to maintain.
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My First Step to Financial Freedom

If you are like me and you want to achieve financial independence, you need to know where your money is going and you need to know how you are investing your hard earned dollars. I suggest you use the best online tool available today and sign-up for free with Personal Capital. Their free tools aggregate all your accounts in one spot and will help you optimize your spending and investing.
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