We kicked off this year with a goal to buy nothing new. Time flies when you’re having fun - January is already over so it’s time to give our first monthly update on how we’re doing in our Nothing New Year Challenge for 2017.
One of the biggest challenges for people working toward financial freedom is patience. You’ve got all the right systems set up to get you there but there aren’t many victories to celebrate along the way. With that in mind, I’m going to give you one to add to the list.
A few months ago, my wife and I took a trip to Portland, Oregon. To keep costs down, we took the light rail from the airport all the way out to our hotel in Orenco Station. At $2.50 each for a 2.5-hour ticket, it seemed like an awesome deal. When we arrived at our hotel, the receptionist asked how our trip had gone. When we told her we took the light rail, she had an unexpected response.
One year ago we sold our Toyota Prius and officially became a one-car family. Many families in the city make due with one car or even go car-free. What about us in the suburbs though? It seems like a tall order for a family of five.
You can hardly open your eyes these days without being bombarded by advertisements. By some estimates, we are exposed to around 3500 advertisements every day. In a world that’s constantly telling you that you need to spend more, the best defense is to understand the tactics marketers use and immunize yourself against them.
I'm on a mission to get our family debt-free (including our mortgage) by 2020.
We're getting there through frugality, minimalism, and a whole bunch of awesome spreadsheets.