How Renting on the Cheap and Eating Out Less Aligned Us to a World of Opportunities

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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4 Responses

  1. Louis Bautista says:

    My wife and I found a nice big apartment in Florida and convinced her sister and a close friend of mine to move in with us. The apartment is a 3 bedroom and 2 1/2 bathroom with a rent of 895 plus utilities and internet. We are each paying less than $300/month and cooking at home more has reduced our food expenses as well. Since we are young and don’t have huge commitments right now, it’s working out pretty well. It’s like being in college again :). The only challenge is finding the right people to live with which for us was an easy challenge to overcome. Loved this post!

    • That’s awesome! Living like a college student after graduation will help you reach your financial goals a lot faster than if you were to give in to lifestyle inflation.
      With your rent approach that means you’re saving about $600 a month in rent. Applause! You can pay off debt or invest it if you don’t have any and let that money compound. I’d do that for as long as possible. Nice rent hacking!

  2. That is one of our biggest sins! We eat out a lot. Less now with a baby, but still more than I would like. I need you to talk to my hubby and get him to cook for at least 1 day of the week and then we are in business.LOL! I did however watch our eating out budget and was flabbergasted. That’s why we only allow ourselves to eat out now during the weekend, but I still would like that number to be lower. Here’s to hoping for small changes and big outcomes…

    • Hi! Yes, gotta get him in the kitchen. I agree on trying to get him in there at least once a week to build the habit. 🙂 Thanks for stopping by. Your baby is growing handsomely!

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