This year I
continue to analyse and publish our family budget. Over the period of 8 years this helped us to understand
better our expenses and more accurately plan our future.
Tracking daily
expenses takes no more than a few minutes a day. We are simply doing it in a
spreadsheet. More historical data helps to make sense of it, look at the inflation – actual and imaginary.
For example, we
have been renting out the same house for the last 5 years – home bills (energy,
property taxes) cumulatively went up by 12%. As an observation - it is much more beneficial to stay
in the same house when renting. Rent rate went by 4% over 5 years (once we
moved out the property owner pushed it up by 12%, admittedly the house is still on the market 3
months later).
Financial independence family budget 2016-2007: