As a part of our new and exciting beginnings on this new blog, I wanted to talk a little bit about a recent experience. While we were already fairly set on saving as much of my new stable (at least for the next couple of years) salary as possible, we were still in the very early phases or our financial independence quest. Life, on the other hand, had decided that were were going to start being frugal yesterday.
It all began when we moved back to Norway from overseas. We knew that a large portion of my salary would go towards general moving expenses. Such as advance payments on rent, getting furniture (we were super-lucky to have friends who let us borrow their car for driving around to pick up free furniture, but obviously we paid for the gas) and certain things we could not find used or free. We are still waiting until we find a cheap/free used vacuum cleaner, making do with a mop and dustpan for now.
I don’t think we did a half-bad job ourselves. Having furnished almost the entire flat with nary a penny spent except on gas for our friend’s car and two cute (still used) nightstands for 250 NOK (about $25). All our big furniture like shelves, tables, chairs, mattress and a pull-out sofa bed were all picked up over the course of a few months while I lived with a friend and then promptly deposited in the flat on moving-in day. Mr. E. arrived shortly thereafter and we felt certain that our plans of intense savings for future and happiness would soon commence.
I am sure we have all read the posts that advertise keeping hobbies that are cash positive. You know, the fun project or sidehustle that turns out bringing in a bit of money on the side and helps the quest towards general 9-5 independence?
I love those. And I particularly love the idea of them. Who wouldn’t like to make a living doing something they love?
But, and here is the teeny ‘but’ for me; most hobbies don’t start out that way. For most paying hobbies, you do have to work up some skills and proficiency before anyone will open their wallets for you.
That’s why I’d like to suggest cash-neutral hobbies as an absolutely acceptable starting point. Or a milestone if you will. But not all hobbies need to go beyond the point of breaking even, even if we might want them to.
Hi there, and welcome to Frugasaurus!
We are two weirdo Scandinavians in our (as per 2017) late twenties who discovered the fantastic blogosphere of financial independence a couple of months ago and realised it was the missing piece in our puzzle.
Prior to 2017, we spent 2 years in London. I had just graduated and Mr. E. had just begun his undergraduate degree. Prices were high, permanent jobs were nonexistent, and most of our wages/scholarship went straight to rent, utilities, food and public transportation. Yes, we could have saved while living there, but we were simply too miserable in the concrete jungle where the air was toxic and consumerism abundant.
But in May 2017, I started a new and exciting job back in Scandinavia (where we are both from). The fresh air, the smaller city, and the return to nature just outside our doorstep did wonders for our psyche. With a similarly higher (and stable!) income and a much nicer flat with big windows and almost twice the size of our London abode (and costing less), we are finally feeling like we are ready to get our lives started.
Herein lies the key. We had never really inflated our lifestyles much beyond the basics of rent, food, electricity, student loans (for me), public transportation, phones and the occasional dinner out. With my new fat paycheck (to me at least) on the horizon, I was starting to think about how to save it. I knew savings accounts we prone to devalue due to inflation. I had a vague idea that funds were good, and had been passively investing in a managed climate and environment fund, and I knew I was going to put down some serious dough towards a home down payment. Beyond that though? How could I invest my money in the wisest possible way for the maximum return of happiness and freedom?
For anyone familiar with the financial independence blogosphere, what I found next should be no surprise. Blogs like Mr. Money Mustache, Mad Fientist and Frugalwoods flooded my search engines and were read in quick succession. Thence I started discussing some of the things that had really struck a chord with my partner, Mr. E. and soon, he was getting in on the fun as well.
While the stock analysis and landlording went a little over our heads in the beginning, we are sorely intrigued by the financial independence side of it. We relish the thought of being able to do exactly what we want with our time, if we just buckle down and work hard for a decade or so (hopefully less).
This blog will be all about our journey, frugal tips and tricks, foodie noms, fails and successes and probably also a bit about our interests in side hustles. Mr. E. for one, is an avid reader and writer, and I am a scientist by trade who just rediscovered my love for home chemistry in the shape of cold process soap making.
Our mascot is the mighty Professor Roar Frugasaurus (Ph.D. in Frugality) who will either cheer us on or aim an exasperated sigh our way, depending on how we do.
Onwards to frugality, independence and greater happiness!