Standing by for Baby MilitaryFIRE & updates

Hello all, Mrs. MF's and my baby will be making a sooner-than-expected entrance this week. Wish us luck! I'll get to posting about how we handled our baby-finances here soon! Some updates: Mrs. MF has cut my hair to perfection in under 20 minutes twice this month. That's a massive improvement, and all the more reason to keep doing it. Read…

Financial Independence and the Military Spouse: Mrs. MilitaryFIRE’s take.

This post is by my lovely wife, Mrs. MilitaryFIRE. As we approach 3 important milestones (First baby, first military move, and second anniversary) she has this advice to offer as a military spouse on a FIRE path: I wouldn’t call myself frugal but by definition, I guess I am. Since my husband has started on this journey to financial independence…

Optimizing Advance Pay during Military Transfer Season

Advance Pay is one of the awesome things about moving every 2-4 years in the military. The government will give you an interest-free advance on your pay with 12 months to pay it back! It’s a huge opportunity to take advantage of. In this post, we will talk about what to use Advance Pay for, how to optimize it for…

February Update: We’re Broke

Since the beginning of 2017, we have been living paycheck to paycheck. The other night, Mrs. MilitaryFIRE asked how much we were making after each paycheck. “Zero,” I said, “we’re essentially broke.” We started the year with our checking account below its normal level due to some 2016 year-end IRA contributions and we haven’t been able to bring it up…

Learnin’ and Planin’

One of the disadvantages to the military lifestyle is the inability to iet up a forever home until later in life. While the moving and travel may be a bonus for some, I’d be happy to set up shop in one place for the rest of my career. Our family is all located in New England, and we want to…

How do we track our spending? January Expenses Revealed!

If you want to make it to Early Retirement or Financial Independence, you absolutely must know what your spending is. Tracking your expenses is the only way to gain a holistic view of your spending habits. I I have said before, tracking is not budgeting. We are "toughening up, cupcake", avoiding the excuse to spend and not using mental crutches to…

Guest Post on The Military Guide: Blended Retirement System

Hello everyone, I'm proud to announce the publication of my guest post over at The Military Guide. Doug Nordman was kind enough to feature my thoughts on the new military Blended Retirement System. In my guest post I also provide a spreadsheet which you can use to calculate what you stand to gain - or lose - if you chose…


Financial Independence, Retire Early (FIRE) As part of our pre-marriage financial summit, my wife and I took a long look at our retirement goals. At the time I hadn’t discovered Mr. Money Mustache or any of the FIRE crowd. What we found was pretty dismal. I had graduated from a top university with no debt, had worked with a generous salary for…

Financial Independence with the TSP and IRAs

In a previous post we discussed how the actual annual TSP (Military 401K) contribution limit is $18,000. Most military folks, and indeed the general public, don’t know you can max out your contributions at work and continue to save for retirement by using IRA’s, with all the tax benefits that come with these methods. This got even more confusing when…
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