September 2018 Money Diary: Adjusting to Life on the Road (and Ch-Ch-Ch-Changes!)
Changes to The Origami Life Monthly Money Diary
1. We’re no longer disclosing our monthly income
In keeping with our views in “Stop Counting Other Peoples Money”, we’re curbing some of the financial voyeurism on this blog. In our opinion, knowing someone’s net worth is neither useful nor relevant. Comparing your financial situation to others, whether positively or negatively, is ultimately counterproductive.
Also, keeping it real: now that Jennie’s salary is no longer mixed in with our remote income, it’s no longer in our best interest to publish our profit/loss statement on a public forum. From here on out, we’ll just make a note of whether our household had positive or negative operating margins.
For September, the Jennie/Ivan household was profitable.
2. About 3% of our monthly spend will now be donated to charity
We’re both firm believers in setting the right incentives. Instead of the quarterly $250 donation we used to make, we will now be donating 3% of what we spend each month to charit(ies) of our choice. The more we spend, the more we donate. Consider it a 3% charitable tax on consumption. Another benefit of donating monthly is that we can now sign up for recurring subscriptions to organizations we support.
3. We’ve introduced new budget categories for monthly budget and spending
1. Rent and Bills ($1,199)
This category includes cost of hotels/accommodations plus our recurring phone bill ($60 per month), life insurance ($18 per month) and health insurance premiums ($142 per month).
Our major expense in this category was two weeks in a Kauai Airbnb ($975, $75 per night), partly offset by free accommodations in San Francisco (we have amazing friends) and Taipei (stayed with family). In terms of accommodation, Hawaii is likely the costliest place Jennie and I will be visiting this year, so we expect lower rent & bills over the coming months.
2. Eating Out & Entertainment ($481)
Too much good food was had to do it justice here. We try to eat local wherever we go. In Kauai, this means sticking to the cheap staples like taro, fruit, fish and chicken and avoiding fast food chains and anything that’s imported from the U.S. mainland.
3. Flights & Transportation ($734)
Most of this was the two week Kauai rental car ($465 - ~$33 per day) and gas ($60), plus a few Lyft and shuttle rides in San Francisco. Our flight from San Francisco to Kauai to Taipei (with a 12 hour layover in Honolulu) was paid for entirely with airline points ($34 total in taxes and fees).
4. Fees & Visas ($0):
Miscellaneous fees and visas as we cross borders. In September, we were mostly in the U.S., so this wasn’t a factor.
5. Relationships ($63)
This is our way of quantifying our investments in people. It doesn’t have to cost very much. Something as small as sending postcards to friends and family to let them know we’re thinking of them ($8), taking friends/strangers out to coffees and meals etc. Generally, just trying to be more open-minded and considerate of others. One of our goals for the RTW trip is to move as much of our budget from Eating Out & Entertainment (i.e. disposable pleasures) to the Relationship category (i.e. quality time with people).
6. Charitable Donations ($86)
Our donations this month went to a $15 a month subscription to ProPublica, with the remainder going to GiveDirectly. Our position on direct cash transfers (while cutting out the charitable middlemen) has been well documented on this blog. I think one of the problems with the rich is that they tend to act like they know the poor better than the poor know themselves. As an authority on myself, I have to disagree.
We’ve subscribed to ProPublica because it’s the only online media outlet that has consistently added value to our lives. Their coverage and local reporting network has exposed conflicts of interest, stomped on bigots, and brought powerful people to their knees. And don’t forget the ProPublica audio tape of children who’d been separated from parents at the border. It’s a sad state of affairs in the media space, when “differentiating yourself” means to have an attention span that lasts longer than five seconds.
Now it’s the consumer’s job to reward ProPublica for it.
September 2018 Favorites: Travels to San Francisco, Kauai, Honolulu, Taipei
1. Waimea Canyon hiking and sunset drive
Waimea Canyon lookout points and intensive hiking trails really made my trip in Hawaii. During the full day that we went out to Waimea Canyon (which was too short), I had never hiked harder for a more gorgeous view. For anyone thinking of visiting Kauai, come out to Waimea Canyon and spend a few days hiking. It’s a nice reprieve from fast-paced, everyday life.
2. Helena’s Hawaiian Foods shortribs in Honolulu
(Jennie) Best. Shortribs. Ever. Ivan thinks I’m trolling because he can’t eat beef and the rest of the menu items were mediocre, but I’m not exaggerating! It was one of the best grilled/smoked short ribs I’ve ever had. If you’re ever in Honolulu, you have to make a trip to Helena’s Hawaiian Foods. Skip the Kailua pork (and everything else on the menu) and just get two large orders of short ribs, a few scoops of rice/macaroni salad and the haupia for dessert.
Muir Woods National Monument in San Francisco
I really enjoyed our trip to Muir Woods National Monument in San Francisco. The entire day was just so wholesome and family-friendly it almost made me sick.
Kauai jungle cottage (Airbnb)
Check out our Week in the Life post for more context. After some reflection, I’ve concluded that booking this Airbnb was totally worth the arguments, mini-tantrums, and mosquito bites.
The way I think about it: Jennie has the memory of a goldfish. So what’s more likely to leave an impression on her thirty years from now? Two weeks spent at some copy-and-paste-job Hawaiian resort or the jungle cottage with a gigantic spider on our window and the outdoor bathroom and shower? Exactly. You’re welcome. Jennie can thank me later.
The Origami Life - Our Goals for Next Month
Continue scaling up our business as expenses decline
Based on the countries we’re planning on visiting the rest of this year, I expect our costs to come down drastically. This is a golden opportunity to step up our billings and ramp up our profit margins to prepare for the more expensive countries in 2019.
Allocate more of next month’s budget to ‘Relationship’ spend over ‘Eating Out & Entertainment’
As mentioned previously, it’s not really about the dollar amount. This is just our way of quantifying our time spent with people.
Do a better job planning for RTW excursions. Jennie and I are big proponents of slow travel. We thought Kauai was the perfect balance of travel, work and creative projects. Our time in Taipei on the other hand, was not. As we adjust ourselves to a new way of life, I’m sure we’ll arrive at a more consistent pace and schedule.
Readers of this blog or followers on our Instagram would also benefit from more regular posts!