Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did.
This week’s favorites include how to scale back work hours, chase adventure and not security, the skinny on I-bonds, frugal travel tips, and planning for irregular expenses in retirement.
When we feel overworked, we need to cut back a little to recover. But how do we do that? Stacy Ennis shares with us how she transformed her working life with How I’m Scaling Back Work – and Scaling My Business at the Same Time. One important factor for her was to set boundaries between work and home. Especially important was to get some time off to recharge her batteries. How is your work load doing? Are your batteries getting recharged?
Everyone want to have security, but at what cost. Is there a cost to chasing security? J L Collins would argue there is a risk. His article The Price of Security gives some good examples. Security and adventure live at the opposite ends of the pendulum. Here is the story of a couple who left security to go after adventure and fill themselves with memories. Have you given up adventure for the sake of security?
When your savings account is paying 0.01% interest, but an I-bond is paying 9.62% it can get your attention. But not so fast. It is not all rosy as there are a few restrictions and down sides to that high interest. Her Money spells out some of the details in What are I-Bonds and Who are they Right For? For high income savers, I-bonds might not be worth the trouble. What do you think?
Even high earners like to save money when they can. I look for bargains all the time, especially when travelling. That is why I look to my timeshares first as they save me the most money. How Much is that in Tacos share some of their Frugal Family Travel Tips to Have More Fun for Less. I really love #2 on their list. Do you have a favorite tips to save money on vacation?
What happens if we retire and have our budget all planned but then want to buy a $200,000 motorhome? Where does the extra $200,000 come from? Pathway to FI address this issue with How to Plan for Irregular Spending in Retirement. In my case, with real estate cash flow meeting all my needs, I can use the money in my retirement plans for some periodic large wants. How will you handle the large irregular expenses?
I hope you enjoy these articles as much as I did. I look forward to updating you again next week with a few more articles I find especially interesting. If you read an especially good article, send me the link so I can share it with others.