Anyone else doing FIRE? Thought it might be good to hear top tips for frugal living /side hustles from the Cheapies group.
Our strategy is to maximize side hustles (you can't save what you don't have), and buy quality but less of it/less items. We don't have a TV or a microwave or some other items people might consider essential, but this just gives us extra to fork out on things that are meaningful to us - family holidays etc. Truth be told, we probably won't (and probably won't be able to) retire early completely on our income, but it just gives us options to spend more time with family and on things we want to be doing.
Please no hate - you don't have to be doing FIRE to benefit from frugal tips! It is Cheapies after all.
One of us could probably afford to retire early, but I think that is sending the wrong message to our children at the stage our family is at.
At the moment we are living by Work hard, Play hard with a good work/life balance. I work school hours so I still make it to all of the school and sporting events I am expected at but the kids can see us both going to work each day - they get a good sense of gender equality, that both women and men can contribute to the household, that if you study hard and work hard you benefit by overseas holidays and 'toys', and possibly later early retirement.
I don't want them growing up thinking life is easy, that 'my parents don't go to work and they did ok'.