Monthly Archives: December 2012

New Investment Account

We are about to embark on a new investing adventure here at EconoWiser headquarters. I have opened an investment account at Binck Bank where I can invest in Vanguard index funds. I read this post by Mr Money Mustache and I am going to invest in these American funds as soon as the stocks drop in price due to the upcoming recession caused by the fiscal cliff.

Do you think this is a good strategy?

Love,

Mrs EconoWiser

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Saving Money Costs Money (In The Netherlands)

The average interest rate on savings accounts in The Netherlands are currently around 2 per cent.  From that I have deducted that saving costs money here in The Netherlands. How’s that? Well, inflation is around 2 per cent as well. Plus, one has to pay 1.2% in taxes on savings which exceed about €22,000 per person. Hmpf…….good thing we have started throwing our savings into our mortgage! Also, I have come up with a solution which I’ll blog about tomorrow…

Love,

Mrs EconoWiser

Sorry For Not Blogging For A Whole Week, I Was Busy Making Money

Phew, what a week! It’s been crazy around here. I already told you I own a side business. I sell certain items online and these items make great gifts for the holidays. I have been very busy this week. It sure feels good being a part-time entrepreneur in December!

During the upcoming two weeks we’ll be working on the website together, my husband and I. We think it needs an update. We also have a couple of ideas for apps which we’ll be working on as well.  Even though this is our holiday, working on your own side business doesn’t really feel like working. We’re having fun and we’re a great team.

Happy holidays!

Love,

Mrs EconoWiser

P.s. I promise to blog a whole lot more during the upcoming weeks.

Cheapskate Winter Sport

We booked our winter sport holiday. My husband is really into snowboarding. This will be my second  holiday in the snow and I am going to stick with skiing. Our first winter sport was extremely expensive. We stayed in an all-inclusive hotel with friends. It was wonderful, but very costly. This year (well, actually next year…we’re going during the second week of January 2013) we I decided we’d handle things differently. It’s just the two of us this time, so we can do whatever we want.

We rented a studio apartment in Austria for only €450 for 7 nights. There’s a kitchen in the studio apartment as well which we will definitely be using. Think pasta and pizza! Breakfasts and dinners at cost price. Lunch we’ll obviously have somewhere on the mountains every day since it would be ridiculous to go back to your apartment just to save money. We would lose too much time skiing and snowboarding. So this makes sense right?

The cheapest way to go was to not book a holiday like this at all. But let’s face it…these kind of things is what makes life fun, right?

Love,

Mrs EconoWiser

Another Extra Mortgage Payment!

Yay, I convinced my husband to make another extra mortgage payment! We have wired money from our savings account into our bank account. This should arrive next week Monday. We’ll instantly transfer the money into the interest only mortgage part. The extra payment is worth 225% of our monthly expenses. So this is another big chunk indeed. We should really be able to pay off this part of our mortgage in full by the end of 2013. Fingers crossed!

The other big chunk that went into the savings part of our mortgage got there as well. Everything went smoothly and our mortgage is now lowered from 30 years to 26 years in total. We’re certainly going to get that number down as well, ha!

By the way, extra mortgage payments are all over the news now here in The Netherlands. It’s becoming a trend!

Love,

Mrs EconoWiser

Old New Boots

I decided I would like a pair of red boots because I like bright colours. However, I didn’t want to spend a fortune on them. I came across these old boots…
cowboylaarzen1

I know…what was I thinking? They’re about 8 years old.
cowboylaarzen2

I bought some leather cleaner and leather dye for €15 euros in total.
cowboylaarzen3

And tadaaaaaa, this is what they look like now.

I love my Christmas boots!

Love,

Mrs EconoWiser