Made with SankeyMatic using own data collated in Excel from CBA banking app (rounded).
I’ve seen a handful of personal budgets shared on personal data Mondays, and yet to see any with a significant proportion for charity. Evidence suggests that knowing others give is helpful to get people past the barrier, so I’ll take the accusations of tall poppy if it saves (or improves) lives.
My family of four practices a flavour of the Effective Altruism principle of earning-to-give. This has a bit in common with the habits of the FIRE trend, though with less focus on retirement and more on living more now.
And yes, for those with a keen eye, this is hosted on my blog, but before you raise the charge of self-promotion you might note there is no advertising and nothing for sale, and I’m not asking for anyone’s money. Just putting ideas out there in the hope of inspiring others. Take a look if inspired (link in my profile) or google The Life You Can Save, Giving What We Can or any of the individual charities mentioned in the Sankey diagram.
Posted by LivingMoreWithLess
15 Comments
While I appreciate the goal here, how the heck are your costs so low? 3.5k on housing?
Only 14% taxes on 191,000 AUD income? Much lower than I would’ve expected.
how are you guys spending only 3500 on housing a year
This is very generous, well done! :O
damn even with all that your savings are than twice what i earn in a year. crazy world
10k a year on groceries and food seems low? How many of you in the family?
Love this
Thank you for doing and for sharing
Is a lot of the tax reduction due to the charities?
I’m paying double to rate of tax, just income taxes.
Nice work on giving what and where you can.
Can you share this in Ausfinance by chance?
I’m very jealous! What you’re doing is amazing and I’d love to have as much impact as you guys one day.
I hope you’re proud
This is great. Do you have a blog or something? I have wanted to see someone do a good job at fleshing out the intersection of FIRE and EA for ages, as that’s the life my wife and I are trying to build.
How do you donate to those charities in Australia while claiming a deduction?
How are you paying 3500 per year for housing when even tiny apartments cost 700 per week?
What do you use to make these?
May be a silly question, but what is a casual engineer?
What would your tax burden be if you donated 0?