I have been tracking our monthly bills and expenses since 2008, but it wasn’t until just a few years ago that I really took a hard look at our finances. We had debit like the majority of people do. There was a mortgage ($1800), car payment ($315), truck payment ($450), undergraduate loan ($220), and a graduate loan ($270). This was over $3,000 a month is debt alone. If you add on top the monthly bills of cable, electric, cell phones, daycare, trash pickup, water, and insurances and so on you get another $1,400-$1,700 a month in bills. We still have to account for food, gas, beer, eating out and misc spending, yet another $1,400 a month. A total of $5,800+ a month!!! Wow! And I thought we were doing well. I was paying the credit cards monthly, was saving (401K), I was living the dream, just like everyone else. I was doing exactly what the world was telling us to do.
I forgot to mention in my about me page that we have chickens. We have had them for about 6 years now and currently have 5 Rhode Island reds. We lost one last fall from a predator attack. This is actually our 3rd set of chickens over the years. All of them have been lost to predator attacks, but lessons have been learned from each loss. The chicken coop has been modified over the years to help eliminate the chance of any additional attacks on the chickens. I will write more about the coop setup in the future, but today I wanted to discuss the cost of store bought eggs verse our fresh eggs. If we eliminate the “startup” cost of the chickens, which would include purchasing them and building the coop, and focus on the straight cost of buying and feeding the chickens. Our “ladies”, as we like to call them, are giving us ~4 eggs a day, 28/week, 112/month or roughly 9 dozen a month. The cost to feed the ladies on a monthly basis in $12.50, which would equate to $.11/egg. Store bought eggs cost $1.69/dozen which comes out to $.14/egg. If you want to buy cage free eggs the price jumps up to $2.99/dozen or $.25/egg. Doing some quick math this comes out to a $40/year savings over store bought or $188/year savings verse buying cage free eggs. Not a huge savings, but there is nothing like fresh eggs. Plus, we have 5 beautiful chickens that give us some entertainment as well. Feel free to pass along any egg related recipes, we are always looking for new ways to cook eggs.
Yup, it’s happening. I’m entering the world of blogging about the trending topic of financial independence. Before I dive into all the details, let me tell you I have zero experience in the web, web page development or the blogging world. That said, I apologize now for the mistakes that I will be making along the way and thank you for the understanding and support as well. I also look forward to your help and suggestions.
I have been reading about FI and early retirement for years now. Having followed many of the sites listed in the Blogs I read page for years, I wanted to start sharing my experience and possibly help others along the way. We are not just beginning our journey; we are underway, but still have a way to go. That is where this site will come in to play. I will soon be posting where we are today, our plans moving forward and the path to get there. Thanks again for stopping by, welcoming us, and I look forward to sharing the journey.