Today, I’m sharing our family’s 2024 mid-year financial review. Here in the Rich Frugal Life household, we typically perform a deep dive into our finances at least twice a year. During this review, we compare our year-to-date spending to the budget, analyze our investment portfolio allocation and targets, and assess how we’re tracking towards our... The post Revealing Rich Frugal Life’s 2024 Mid-Year Financial Review appeared first on Rich Frugal Life ..read more

Welcome to Rich Frugal Life’s June 2024 financial results! Before we get into the numbers, here’s what we were up to last month.   Relaxation and escaping the Arizona heat Staying cool is the number one goal for summer around here, where temperatures tend to hover between 105 and 115 degrees from June through early... The post Getting out of Arizona and June 2024 Financial Results appeared first on Rich Frugal Life ..read more

Welcome to Rich Frugal Life’s May 2024 financial results! Before we get into the numbers, here’s what we were up to last month.   Let’s get healthy! Now that I’m in my 40’s (and suspect perimenopause), it’s time to finally commit more effort into improving my health. I’m not happy with where I’m currently at.... The post Let’s get Healthy and May 2024 Financial Results appeared first on Rich Frugal Life ..read more

Welcome to Rich Frugal Life’s April 2024 financial results! Before we get into the numbers, here’s what we were up to last month.   Giving back and smashing goals One of my personal goals for this year was to volunteer at least 200 hours in our local community. I completely smashed that goal last month... The post Giving Back in Early Retirement and April 2024 Financial Results appeared first on Rich Frugal Life ..read more

One of my most popular blog posts so far has been about how much money kids cost and whether raising kids is really as expensive as everyone says it is. My initial post back in October 2021 included a deep dive into the USDA’s report on the average costs of raising a kid, and shared how much... The post Year 7 Update: How Much Money do Kids Really Cost? appeared first on Rich Frugal Life ..read more

Welcome to Rich Frugal Life’s March 2024 financial results! Before we get into the numbers, here’s what we were up to last month.   We passed our “Fat FIRE” number! This month, we finally surpassed our “Fat FIRE” number of $2 million dollars in investments! According to the 4% rule, this amount could provide us... The post Fat FIRE and March 2024 Financial Results appeared first on Rich Frugal Life ..read more

Welcome to Rich Frugal Life’s February 2024 financial results! Before we get into the numbers, here’s what we were up to last month.   Happy Arizona Spring! February started off with unusually cold and rainy weather, causing us to hide out indoors and miss out on the Phoenix Open (because who wants to watch golf... The post Buying Back our Time and February 2024 Financial Results appeared first on Rich Frugal Life ..read more

We may already be well into the new year, but I’m finally ready to share Rich Frugal Life’s 2024 budget! Why the delay? Well, life for one reason. But also, because we’ve been tinkering with our annual budget more than usual this year. I’ve only recently finalized it. Spoiler alert: Despite coming in $10,000 under... The post Revealing Rich Frugal Life’s 2024 Budget and FIRE Number Update appeared first on Rich Frugal Life ..read more

Welcome to Rich Frugal Life’s January 2024 financial results! Before we get into the numbers, here’s what we were up to last month.   New Year, New Goals Happy new year! It’s March, but I’ve been spending less time in front of the computer and more time enjoying the “best time of year” here in... The post New Year’s Goals and January 2024 Financial Results appeared first on Rich Frugal Life ..read more

Welcome to Rich Frugal Life’s 2023 year-end investment portfolio update, including a discussion of the changes we’re making to our investing strategy in 2024. Last year was a great one for our investment portfolio! Mr. RFL and I were both surprised and thrilled to watch our investments increase by 53% during 2023. About half of... The post Rich Frugal Life’s 2023 Year-end Portfolio Update: Is it Time to Change our Investing Strategy from Growth to Income? appeared first on Rich Frugal Life ..read more