As some of you might have noticed recently, I have thrown around the number 2025 around on various social media outlets.
That’s because I am doing something scary. Something I am not very good at doing – namely trying to set a goal and a date for when I want us to have bought and moved into our dream home in the woods/by the sea. Psychologically, this has two effects. One is that I have a specific motivation to work towards. And the other is that the goal is far enough, yet close enough, that I need not be impatient right this very second. It is no lie that I have been pestering Mr. Frugasaurus and my good friend M with any and all cute small farms listed, even if they are completely unrealistic.
I’ve been a bit of a pain, and setting a date as far away as 2025 helps me calm down in the moment. Enjoy life a bit right now, moving to our new house and take a breath. There is a target date and we are saving towards it. We might find a great place which ticks all the boxes before that, but we’ll take one year at a time. Plus, 2025 is a nice, round and symmetrical number that appeals to me.
You might wonder why the featured image for this post is displaying a bathroom.
Surely, any post dealing with disability would more naturally display a picture of a wheelchair, or crutches?
Well, disability is different for everyone. And in our case, it is closely related to that tiled, warm room in the house we all love. For Mr. Frugasaurus this is often where he spends a large part of his day, and on that porcelain throne in particular.
When we go out, there has to be a plan for bathroom access.
Some days we don’t make it out the door at all, well-meaning intentions non-withstanding.
Mr. Frugasaurus has IBS, and that plays a large part in our quest for financial independence and employer independence.
Please, please plant a tree?
It’s related to personal finance, I promise. Well, sort of. It’s related to how we interact with the world and how we take care of it.
This post is going to have math. Not a lot of it, but still some pretty large math. Large numbers that is, and hope. And a little bit of defiance against the technocracy which inflicts so many people, making them unable or unwilling to take simple steps to affect change. Because technology will save us.
Maybe it will, maybe it won’t. But much like an emergency fund and the imfamous , let’s save some money in the bank before we need it, shall we?
And it begins by planting trees. A native tree or a fruit tree or just a pretty tree in your eyes. But do it, plant one as soon as you can and then another next year.
Today, 8th of November, is the international day for banking on values.
Did you know that there is a whole alliance dedicated to transparent and ethical banks? It’s called the Global Alliance for Banking on Values, and it has 55 banks as members all over the world at the time of writing this. I have been trying to bank with the Norwegian member, Cultura Bank, for years. I will write a little bit about my experience with this, and hope you might consider moving your money to an ethical bank too, if it is feasible to you.
Happy November once again! I don’t know where you’re from, but around here a lot of people have some beef with the month of November. It’s neither cozy autumn, nor solstice-December. But I object! November is more than rain, wind and increasingly below-freezing temperatures! It’s also a time for tea, blankets, candles, staying inside, all things cozy and… accountability for all the things we spent on in October.
Will they come and demand I give my frugal card back soon? Because I keep spending money on stuff that is not technically essential, and yet I don’t even have the audacity to regret it.
Happy first of November! We are now, without a doubt, in the candlelit, couch-snuggling, crafts-enjoying, darning part of the year. The weather is turning darker and colder outside, and few things are as nice as coming home and cradling a warm cup.
It is also the part of the year where I start working on my basket of projects and repairs. Summer is just not the right time for it. We’re far too busy enjoying the warm outdoors, visiting friends, foraging and watching sunsets. But when autumn and winter sets in? I know few things more iconic than snuggling up in an armchair, project in hand, maybe a blanket, a cup of tea, preferably a lit fireplace someplace within my line of sight.
I love mending, darning and repairing my old things. It is like an act of love towards an item which has served you well. And added bonus is that I don’t have to buy new things, which is a hassle I just don’t enjoy.
So when I was actually asked to illustrate how I repaired hankies… how could this crafty granny (in a young person’s body) resist??
I think there is this general attitude amongst us people in this capitalistic world – that if you can afford it, you are entitled to it. It doesn’t matter if that something has caused pain in the making (ivory, for example). The people with the most money wins the game of life. Especially if we look at how insanely much of the world wealth is in their possession.
I think we need a paradigm shift. Where the pain inflicted on other beings made something less desirable or even ugly.
But these things relate to more non-tangible things as well. Why should you, generic rich-mc-rich person be entitled to fly everywhere in your private jet daily, when we know emissions from planes are a serious problem for climate change? Why should you be entitled to waste oodles and oodles of land and resources, just so you can build a sprawling mansion with a huge park around it to keep the common folk at bay?
And why should we, in the so-called “developed world” be entitled to use much more than our fair share of the planet’s resources? I have heard people express how awful it would be for the planet if everyone developed the habits of the West. But do they try to reduce their consumption? Strangely enough – no. Even more abhorrently – I’ve heard distant family members express that the developing world can’t expect to enjoy the same levels of comfort we are enjoying.
You know, because it would trash the planet
Investing will allow you to reach financial independence. You must Invest your savings or you’ll miss out. Invest your savings or the big, bad inflation monster will gobble them up!!! Invest, invest, invest. That seems to be all we ever read in certain parts of the personal finance blogosphere.
And it is true, investing is one of the chief ways of growing your wealth long term. But I will let you in on a secret: Mr. Frugasaurus and myself do not have most of our savings invested in the market. In fact, our savings to investing ratio plummeted this past month, as our sudden house purchase was not entirely planned, and I had to take out some money during the recent dip in the market to cover the rest of the closing costs.
But the simple truth of it is, we don’t have the majority of our savings in the market because we don’t have a terrible lot of savings to begin with. When we came from London, I had $5000 to my name in a mortgage savings account, and Mr. Frugasaurus had even less.
I have talked about the Norwegian mortgage savings accounts before. Tax beneficial, at a decent 3.2% interest, with an upper limit of 300k NOK or about $37k. On top of that, you can have a non-tax advantageous mortgage savings account for another $37k. Multiply that by two because Mr. Frugasaurus can have two accounts as well, and you’ll reach the healthy sum of 1,200k NOK or $148k.
Since we consider a paid off house a large source of wealth and security, filling those accounts take priority. In just the last year and a half, my accounts have grown from those measly $5000 to a rather more healthy $22k. And a new boon of the year is that banks may take security in your mortgage savings account, without you emptying it.
That means we can continue saving in it (up to 34 years old) at the healthy 3.2% savings rate plus tax benefits, while our mortgage is currently set at a rate of 2.2% interest. You don’t have to be a math whiz to see why we didn’t cash out the accounts to get a smaller loan in the current market, scary though it may be.
When all our accounts are full however, and our mortgage is ticking down at a healthy rate, there is no doubt we will put much more of our surplus income towards investing.
We just aren’t there yet.
Focus where you are
There is so many great blogs out there these days, it can be easy to get overwhelmed by all the advice back and forth. My point with this post is not “Save in a mortgage savings account!” (especially since I don’t know if they are available anywhere except Norway).
My point is that people are different, and needs vary. My income is currently locked at a medium for area at about $50k per year before taxes for the next few years. It is the most I have earned any time in the past, to be sure. But it is not the amazing six figure income some people make. Mr. Frugasaurus is making less than half of that because his freelance business is just starting out.
So while we are not struggling to make ends meet, we can’t put 90% of our income towards savings or investments either. We just don’t have that kind of disposable income to throw around.
If you want a $10k emergency fund before you invest a penny, do that if it gives you peace of mind. Prefer paying off your mortgage to safeguard against a downfall or job loss? Rock on! I know how it feels to want to optimize every penny. In 2.5 years I might find myself without a job again. The clock is ticking in every sense of the word.
But if you make decisions you’re not comfortable with, even if it looks good on paper, you might find yourself feeling miserable all the same.
At the end of last year, I sat down and wrote down my seven financial goals for 2018, in order of priority. Those were:
Save an additional 25k NOK ($3000) in the mortgage savings account 10k NOK ($1200) in the emergency fund 20k NOK ($2400) in the emergency fund 150k NOK ($18.3k) in total in the mortgage saving account
- 50k in NOK ($6000) in the emergency fund
- Increase monthly investing sum
- Get student loan under 200k NOK ($25k)
I have got through goals 1-4 already, and was sooo close to crossing out 5 when the unplanned house purchase caught us a tad unawares, and I had to empty it again for closing costs.
As you can see, I put investing way down there after my “peace of mind” goals. My student loan is even further down, as it only accrues interest at 2.0%. Way below anything the mortgage savings account or potentially the market could give me in returns.
I still like seeing the student loan principal decrease, don’t get me wrong. But that is exactly where this list of goals comes in real handy. I can look at the list and know that getting the student loan under 200k NOK is a priority, but only after I’ve seen to these other money goals. Lists makes it easy to see exactly how and where your priorities lie, making it easier to follow through on them. Same with investing. I can increase how much I put towards index funds, only after I set the rest of my financial house in order. Right now, I invest as much as I pay towards my student loans. That seems like a healthy balance.
Your financial house
I love reading personal finance blogs online. They were a large part of the reason we are now financially able to get a mortgage on a great house (for us) in the first place! Without the PF blogosphere I never would have saved quite so aggressively, or worked quite so hard at trying to find a sidehustle which fits my personality. I probably would have gone to work and called it a day, happy with my effort and happy to spend money on fabrics and crating supplies, maybe even *gasp* lunch at work because I’d earned it.
So I am not at all hating on bloggers who tell you investing is the holy grail. It probably is. For them. At this stage in their life.
But some of us are not quite so far ahead yet. Some of us are still trying to find our feet financially and try to create a safe platform from which we can make decisions based on strength, not desperation.
And that is perfectly ok.
This is going to be a very difficult post to write. Even typing the title made my fingers resist the keyboard. This topic is still too raw and too close, but I will try to write it anyway, because I think it is important to capture the thoughts behind why we did this. We bought half a lamb, and intend to try to keep it as our only source of meat for a whole year. Time will tell if our experiment will be a success.
Together with my best friend M, we went ahead and bought a lamb carcass from a local, organic farmer, half a lamb each. We did this to buy locally and to reduce our food miles, but also to remind ourselves where our food comes from. For M the latter was not necessary, as she grew up on a farm. To her, buying clingfilm-wrapped packages in the supermarket is something she was only exposed to as an adult, but I digress.
I dipped my toes into it by posting on twitter. Having been known as a mainly plant-based household by other bloggers, it was a difficult thing to admit to. But response was largely positive, so I will try to describe what we did and why. It has been less than a week since we picked it up, and here are my thoughts on the process so far.
Having been on a plant-based diet for three years, with animal products slowly sneaking their way back into our kitchen the past year after we moved back to Norway, I can only say writing this post feels difficult. Mr. Frugasaurus was never plant-based, yet he still went with me when I asked if we could have a plant-based only kitchen in London.
But Mr. Frugasaurus loves his cheese and especially his stick meat, which is one of the main Christmas dishes in Norway (we have several based on region/family history), which he gets at his grandmother’s house every year. Every so often the rest of the year, he would get meat cravings. But because he is an economical fellow, he bought the cheapest meat in the grocery store.
This made me concerned. How could I know this animal had led anything close to a decent life with sunlight, outdoor spaces and little stress?
Of course, I couldn’t.
So I went online to the local organic food guide and checked whether there was any local sheep farmers in our district, so that I might accommodate the desire in the best way I could think of. I wanted the whole animal, because there are only so many pieces of filet/leg/etc. I wanted to be conscious about the whole process. But because a whole lamb was too much for the two of us, I roped in my experienced friend M, who has butchered several animals in her childhood, to share the animal with us.
I figured, if we are going to bring meat back into the house, it will be with the full consciousness of the violence of it all, and with the mentality that it should be the only meat we purchase all year. No more occasional purchase of simple packages in the store, far removed from the real animal.
The meat of the problem
We eat too much meat and animal products.
From this site I found that the average member of an OECD country in 2017 (Norway is one) ate 30.2 kg of poultry, 23.6 kg of pork, 14.5 kg of beef and veal, and 1.4 kg of sheep meat per person. By comparison, an average citizen of the US consumed 48.8 kg of poultry, 25.8 kg of beef and veal, 23.6 kg of pork and 0.2 kg of sheep.
This is absolute madness. Especially considering that 1 kg of meat takes on average around 10 kg of feed plus copious amounts of water to produce. That is food and water that could be used to feed our growing population. Or even better, surplus land from eating less meat could be turned back to wildlife habitats.
Our one lamb was 14 kg. Divided by two households that is 7 kg of meat and bone. Divided by the 365 days in a year, that is comes out at about 20 grams per day for our household. If my experiment goes according to plan, this will be paced out over the year. With a new influx only if we decide to do this again next October. No grocery store meat.
That would sound like very little to any meat eater, but that is the level of meat consumption per year it is realistic to aim for if we want to continue to consume meat. Especially if we want to live sustainably and add a bit of dairy and eggs on top. That is a couple of slices of ham or cheese for your breakfast or lunch bagel. Or it could be 3-5 thin slices of wok meat in your stir fry. It is not a lot. And remember that any dairy, cheese, eggs or fish is added to the total as well.
If you want to live sustainably, yet eat a little meat at the same time, you could either eat a tiny, tiny bit every day and probably feel deprived. OR, you could eat plant-based dishes during the week and serve yourself a meat-based treat for supper on Sundays. If you want the flavour to linger, make broth from the bones and add to vegetable soups and stews. There are many ways to make the flavour go further.
In the words of Graham Hill, be a weekday vegetarian. I think this idea is much easier for people to swallow, because it means not giving up anything permanently. You can still visit grandma and eat her famous roast. You can still have a burger once in a while if that is what you are truly craving. Although I would add to his statement – be a weekday vegan (as best you can).
Just because we can afford to trash the planet, does not mean we are entitled to. Meat free Mondays are just not going to cut it. It needs to be the other way around.
- Eating less meat essential to curb climate change, says report – The Guardian
- Huge reduction in meat eating ‘essential’ to avoid climate breakdown – The Guardian
- People Still Don’t Get the Link between Meat Consumption and Climate Change – Scientific American
Half a lamb
Here is what I learned from the process itself.
As I mentioned, M grew up on a farm and has both slaughtered and butchered animals before. For that reason, we opted for “whole lamb” as opposed to roughly butchered in large pieces. We wanted the whole process, and M could teach me a new skill.
The only caveat is that we did not get the offal, only the muscle. We asked if offal was possible, but the slaughterhouse could not guarantee it would be from the same animal. Getting offal from any and all lambs from that slaughterhouse was not a risk we were willing to take. The whole point was keeping things local and organic.
So we had only the carcass, bled and hung for a week. M, ever the experienced one, served vegetable burgers for dinner before we got to work, sharp knives and whetstone ready at hand.
I will not detail the process, and I did not take any pictures. The violence of cutting a creature apart was such that there was only room for a mind that was focused on the task. We finished dinner at six pm and worked well into the night.
An ironic and perhaps uncomfortable truth
I quickly understood why M did not want to eat meat on a butchering day. Never have I ever, even in the midst of my purely plant-based years, felt so fed up by meat. It was everywhere. It got into my nails, I had stains up to my elbows, and the smell lingered on my fingers as a constant reminder. We are always keen on traditional preservation techniques, so much of it is now lying in brine or covered in salt to cure. The job is not done yet.
At the time of writing this post, it has been four days since we butchered the lamb, and I still cannot even stomach the idea of consuming it. M boiled a broth on the bones the next day, and used some of it to flavour a vegetable stew. We picked the scraps of meat off the bones and served it as a side. Mr. Frugasaurus and M’s partner who had not partaken in the work happily added it to their bowls, M and I abstained.
Personally, I think M’s reaction is more telling than mine. I have been plant-based for three years and have only deviated for the past year. I have never killed anything larger than a small fish, and I have never butchered a whole animal except store-bought chicken. But M grew up with this, and she tells me this is normal. Another goat dairy farmer I’ve talked to spoke of the same thing. When she has to club the baby male goats to death because they are useless in a dairy herd, she doesn’t want anyone to talk to her, let alone crack jokes.
It is a serious business, slaughtering and eating other animals, and it should be treated as such.
Here are more bloggers tackling the issue, and one news article about the recent UN IPCC report: