How Our Home Expenses Changed A Year After Moving Closer to Work

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. LM says:

    Interesting analysis! I like the way the difference in cost more than justifies with the quality of living. Nothing in life is free my friend 🙂 but feels like you are gaining more than what you are spending. Excellent decision!

  2. Des @ Half Banked says:

    I love how detailed you got with this analysis! In the past year, I made the switch from living and working downtown, to living in the suburbs and working downtown, to finally getting a job in the suburbs, so I feel like I’ve lived every extreme – and by far the most expensive one was the one with the big commute! Not only was I paying for a car (because The Suburbs) but I was paying for a monthly bus pass as well, which ran me a cool $125 a month. It was still cheaper than driving for 30 minutes one way and paying downtown parking rates, but wow – saving that has made a huge difference! And the time I save every day with my new 5-minute commute is still a luxury I don’t take for granted.

    Awesome post – I’m glad I found your blog!

    • Hi Des,
      Thanks! I’m glad you love the details. It’s great to be able to make the switch and find a job within such a short distance. The big commute cost does add up, especially when you have tolls and lots of highway miles to drive. That $125 monthly bus pass is a cool $1,500 addition to your savings. Awesome!
      Cheers to you getting all that time back. Thanks for dropping by! We’re so happy that you and others are finding our blog.

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