Camp FIRE Finance
Arguably the foundation of all things personal finance is this very simple idea: save your money.
Nothing else is possible if you aren’t able to do this one thing. If you can’t save your money then you’ll have no money to invest or to pay down debt.
So if this idea is the foundation FIRE and it’s simple to understand, then why is it so difficult for so many to save your money?
Most people are unable to save because of two reasons:
Thankfully the solutions to both of these problems are also quite simple. If you don’t earn enough money to save, then you need to find a way to make more money.
If you are spending so much of your money that there isn’t enough left for you to save, then you need to cut back your spending and possibly deflate your lifestyle.
The answers are simple, but actually following through is much more complex. We get that and somewhere on this website is an article that most likely addresses the complex issues that you’re facing.
Browse around this site and find that article the get started strengthening your financial foundation.
Before I begin, let me apologize to my non-American readers. This Cyclelogical post uses statistics and numbers that are US-based. That said, don’t let that take away from the overall message of this post which is this: riding a bike is good for you in almost every conceivable way.
A few months ago my old van finally bit the dust. I’d paid cash for it several years earlier and the van had been a reliable and a fairly efficient form of transportation, as far as cars go. But as the miles added up, so did the maintenance and repairs till it go to the point where I couldn’t justify putting more money into keeping the van on the road. Losing my second car was the perfect excuse to give public transportation a try.