SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I'm interested in your stories if you want to share...
I just realized that my latest FIRE spreadsheet double-counts my expenses. I figure up a "FIRE net worth" and a "spending number" and take the ratio, and then project forward based on inflation, my contributions, my expected returns, etc., when that ratio will hit 4%.
One of the things I subtract from my "FIRE net worth" is the NPV of my future significant liabilities, one of which is the child support I must pay for the next ~13.5 years.
One of the things I include in my "spending number" is that same child support.
Whoopsies, I think I double-counted, yes?
Since CS is my single largest monthly expense and perhaps 25% of my total spending, this is a significant issue for me to correct.
The last time I made a mistake of this magnitude was when I was in college and I had all this extra money in my checking account and was getting pretty excited. Then I got curious as to why this month was different. Turns out I had forgotten to pay my rent.
2Cor521
A soon-to-be MBA who probably shouldn't claim any special abilities in accounting....
I just realized that my latest FIRE spreadsheet double-counts my expenses. I figure up a "FIRE net worth" and a "spending number" and take the ratio, and then project forward based on inflation, my contributions, my expected returns, etc., when that ratio will hit 4%.
One of the things I subtract from my "FIRE net worth" is the NPV of my future significant liabilities, one of which is the child support I must pay for the next ~13.5 years.
One of the things I include in my "spending number" is that same child support.
Whoopsies, I think I double-counted, yes?
Since CS is my single largest monthly expense and perhaps 25% of my total spending, this is a significant issue for me to correct.
The last time I made a mistake of this magnitude was when I was in college and I had all this extra money in my checking account and was getting pretty excited. Then I got curious as to why this month was different. Turns out I had forgotten to pay my rent.
2Cor521
A soon-to-be MBA who probably shouldn't claim any special abilities in accounting....