Category: Reader Case Studies

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Reader Case Study: Young Professionals Plan for a Wedding, Gender Confirmation Surgery and Financial Independence

June and Daniel are young professionals living the DINK (dual income; no kids) life in Chicago. While they’re grateful for the higher salaries the city offers, they’re not loving the urban hustle. They have a number of near-terms goals, including celebrating their wedding, gender confirmation surgery for Daniel, buying their own home and eventually, achieving financial independence. But given the pandemic and their uncertainty about staying in Chicago, they’re not sure when any of these...

112

Reader Case Study: Mustang-Driving Journalist Looks to the Future

Nici lives on the West Coast with her cat and works as a journalist. She loves her job–and her 20-year-old Mustang–but doesn’t make a lot of money. She prefers renting an apartment over owning a house, but is concerned about future rent increases and what they might do to her retirement plans. She’d like our help today assessing her financial position as well as our advice on whether or not it’s time to put her...

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Reader Case Study: Furloughed Behavioral Therapists Wait Out The Pandemic

Anne and her husband Michael live in rural Colorado where, until the pandemic, they worked as behavioral therapists for children with Autism Spectrum Disorder (ASD). Now, they’re on voluntary unpaid furlough and requesting our help deciding what to do next. They recently sold their behavioral therapy practice, have a five-acre homestead with dogs and farm animals and are wondering if now’s the time to transition to full-time homesteading. What’s a Reader Case Study? Case Studies...

124

Reader Case Study: Facing A Potential Lay-Off At Age 68

Lily and her husband Robert are in their late 60s, have been married for 40 years, and planned to retire to a life of travel in 2022. Lily and Robert paid off nearly half a million dollars of debt in their late 50s and since then, have put themselves in a fabulous financial position. However, the pandemic has them questioning their readiness for this move. They’d like our help today determining what to do if Lily...

139

Reader Case Study: Making Full-Time Farming a Reality in Arkansas

Sara Beth and Colt operate an 80-acre livestock farm in the Arkansas delta with their three dogs. They raise cows and goats, have chickens and ride horses. Running the farm is their dream. The only problem is that it isn’t profitable (yet) and so they’re both working full-time jobs in addition. They’ve asked for our help in figuring out how to make it work financially for Colt to quit his day job and manage the...

202

Reader Case Study: Making It Work on a Small Salary in a High Cost of Living City

Zaria lives in Seattle, WA where she advises students and leads a graduate program at a local university. She’s done tremendous work over the years to pay off her debt, build up her savings and retirement investments, and create a frugal, sustainable, outdoorsy lifestyle. Now, at 52, she’s looking to the future and would like our help crafting long-term plans as well as assistance navigating our increasingly tech-dependent world (computer nerds, your help is needed...

211

Reader Case Study: Operation Financial and Location Independence!

Tara and Squash live on the West Coast and are about five years away from reaching financial independence. They would like our help crafting a contingency plan in case one (or both) of them loses their job in light of the pandemic and recession. What’s a Reader Case Study? Case Studies address financial and life dilemmas that readers of Frugalwoods send to me requesting advice. Then, we (that’d be me and YOU, dear reader) read...

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Reader Case Study: Canadian Family Plans For The Future (and yes, hockey is involved)

Beth and Brad live north of Toronto, Ontario with their young daughter and old cat. With retirement 15 years away for Brad, the family wants to better prepare and get a handle on their approach to money. Brad and Beth were a money mismatch from the start, but after 14 years of marriage, they’ve been able to find a path forward together. Unrelated Update: I’m doing a Facebook Live thing tomorrow with Brad from ChooseFI....

130

Reader Case Study: From South Africa to Tennessee, Now Planning a Move to Europe!

Brenda, who works at a non-profit, and her husband Kyle, a firefighter and nurse, live in Tennessee with their two daughters and one dog. Brenda is from South Africa and their dream is to move abroad after Kyle’s retirement (in six years) from the fire department. Today, they’d like our help figuring out the financial and social/educational aspects of such a move. What’s a Reader Case Study? Case Studies address financial and life dilemmas that...

130

Reader Case Study: Single Mom By Choice Charts Her Future In Iowa

Em is a single mother by choice living in Iowa with her two-year-old daughter and 14-year-old basset hound. Em has crafted her ideal lifestyle and made excellent financial decisions to get to this point. Now, at age 38, she wants our help mapping out the next 40+ years to ensure she makes the best choices for her future and her daughter’s future. What’s a Reader Case Study? Case Studies address financial and life dilemmas that...