corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
I have so many spreadsheets, numbers, variables, calculators, tools etc... that sometimes I find it hard to see the big picture. I think I finally found something that can help guide me and my wife towards a happy FIRE.
I have a base budget well established that we are currently using for spending. I added funding for cars, taxes and added a reasonable cushion. Added it all up ($117k / year) and calculated our 99% success number. This does not include any money for travel or blow that dough kind of stuff, so I decided to track that against our planned savings and this popped out:
Now we can easily tell how we are doing. We don't quite have the base budget covered yet, so I will keep working. We are targeting $25k/year for blow that dough stuff, so it looks like Mar 2022 is our target date (was hoping for Mar 2021, but not to be). And we can easily tell what OMY will get us. I gotta say that Mar 2023 @ $46k / year looks sweet!
I have a base budget well established that we are currently using for spending. I added funding for cars, taxes and added a reasonable cushion. Added it all up ($117k / year) and calculated our 99% success number. This does not include any money for travel or blow that dough kind of stuff, so I decided to track that against our planned savings and this popped out:
Now we can easily tell how we are doing. We don't quite have the base budget covered yet, so I will keep working. We are targeting $25k/year for blow that dough stuff, so it looks like Mar 2022 is our target date (was hoping for Mar 2021, but not to be). And we can easily tell what OMY will get us. I gotta say that Mar 2023 @ $46k / year looks sweet!