Blog Posts

sporadic expenses

Budgeting For Sporadic Stuff

If you are trudging along determinedly towards financial independence, and possible early retirement, it is safe to say that you have a target number in mind. It is also a pretty safe bet that you came up with that target number by calculating your annual expenses and then multiplying that […]

Befriend An Immigrant; Your Wallet will Thank You

I am a first generation immigrant to the U.S. I moved here from India when I was closing in on my 30th birthday. Immigration, even the cushy kind that I was lucky enough to experience, is hard. More than once in those early days I was overwhelmed with homesickness. I […]

An Update On Our Churning Portfolio

Churn (verb): agitate or turn (milk or cream) in a machine in order to produce butter. procure credit cards and bank accounts for the express purpose of acquiring points and miles.   In August of 2016 I started down the rabbit hole of credit card churning. As we round the […]

Calculating our Expenses in Retirement

To declare yourself financially independent and go running jubilantly through the streets, you have to hit your target number in investments. How do you come up with your target number? You figure out your annual expenses and You pick a safe withdrawal rate (SWR) that gives you the warm fuzzies […]

BITA family new home

Whither Shall We Wander?

When the BITA family first meandered down the path to financial independence, we came up with a timeline and a rough plan. I’ve reproduced below an excerpt from our plan: “2022: We sell our house, add a nice chunk of change to the stash and move to some yet to […]

experiences versus stuff

Are Experiences the New Avocado Toast?

If you choose to blow your hard earned cash on avocado toasts, soy lattes or monster trucks Australian billionaires will mock you and men with large mustaches are likely to offer to punch you in the face. On the other hand, should you claim to be spending on “experiences”, you […]

shopping list

It’s Time To Make A Shopping List

When you first run into the concept of financial independence, and realization dawns that it is not a pipe dream reserved for trust fund babies, you feel exhilarated. You plan, you dream, you do back-of-the-napkin math or, depending on your proclivities, whip up a fancy spreadsheet or two. Slowly though […]

financial independence progress july 2017

On the path to financial independence: July 2017

The BITA household perspired its way through a really warm July. Though sweat trickled down our backs on more than one occasion, our iron resolve did not waver and our thermostat stayed put at a robust 84. I have alluded to our uncomfortable thermostat setting in past posts, but I’ve […]

Why I’m Not In The Poor House

Any long time reader of this blog will know that I came to the Church of Financial Literacy late in life. I was 37 when I finally decided that being a financial idiot was just, well, idiotic. I was a little less than two months shy of my 38th birthday […]

Free is Fabulous (and where to find it)

Last week Toddler BITA’s school had a superhero day. Toddler BITA owns no superhero costumes, but she went dressed as super(wo)man. How? She wore a cape borrowed from someone in our neighborhood. When Toddler BITA turned 3 in April, we gave her a little piano and a ride-on dump truck. […]