Tracking My Monthly Expenses Over 4 Years: Am I Ready for Barista FIRE?
I have been tracking my income and expenses all the way since 2008. However, all these while I have only been recording, but did not evaluate and analyse my expenses all these years. Since I have the intention to begin my first phase of Barista FIRE next year, I think it is time for me to analyse my expenses, so I can estimate the minimum amount of part-time active income I will need to achieve next year in order for my cashflow to be healthy. Looking back at my expenses from 2022 to 2025, I am quite surprised at how my spending pattern evolved over these few years (and probably I have underestimated my expenses all these years). I have always believed that being mindful about expenses is the foundation of financial independence and not just earning more, but also learning to live well within my means. However, reality may be a little different from expectations. Probably it is time for me to be more mindful of my spending. Four Years Of Data: The Story Be...