Made with SankeyMatic using own data collated in Excel from CBA banking app (rounded).
I’ve seen a handful of personal budgets shared on personal data Mondays, and yet to see any with a significant proportion for charity. Evidence suggests that knowing others give is helpful to get people past the barrier, so I’ll take the accusations of tall poppy if it saves (or improves) lives.
My family of four practices a flavour of the Effective Altruism principle of earning-to-give. This has a bit in common with the habits of the FIRE trend, though with less focus on retirement and more on living more now.
And yes, for those with a keen eye, this is hosted on my blog, but before you raise the charge of self-promotion you might note there is no advertising and nothing for sale, and I’m not asking for anyone’s money. Just putting ideas out there in the hope of inspiring others. Take a look if inspired (link in my profile) or google The Life You Can Save, Giving What We Can or any of the individual charities mentioned in the Sankey diagram.
Posted by LivingMoreWithLess
23 comments
While I appreciate the goal here, how the heck are your costs so low? 3.5k on housing?
Only 14% taxes on 191,000 AUD income? Much lower than I would’ve expected.
how are you guys spending only 3500 on housing a year
This is very generous, well done! :O
damn even with all that, just your savings alone are more than twice what i earn in a year. crazy world
10k a year on groceries and food seems low? How many of you in the family?
Love this
Thank you for doing and for sharing
Is a lot of the tax reduction due to the charities?
I’m paying double to rate of tax, just income taxes.
Nice work on giving what and where you can.
Can you share this in Ausfinance by chance?
I’m very jealous! What you’re doing is amazing and I’d love to have as much impact as you guys one day.
I hope you’re proud
This is great. Do you have a blog or something? I have wanted to see someone do a good job at fleshing out the intersection of FIRE and EA for ages, as that’s the life my wife and I are trying to build.
How do you donate to those charities in Australia while claiming a deduction?
How are you paying 3500 per year for housing when even tiny apartments cost 700 per week?
What do you use to make these?
May be a silly question, but what is a casual engineer?
What would your tax burden be if you donated 0?
That tax rate is crazy low… I’m guessing most of the charity is deductible (not sure how Aus taxes work)?
This is really inspiring. Thanks for sharing!!
This is genuinely beautiful data. Well done to you and your family. An inspiration.
That is not a realistic housing figure for Australia.
Wow. This is so frugal that I don’t know if i should congratulate you or call BS. I did a AUD/USD conversion and my jaw dropped. There are many categories where my family spends more per-month than you do per-year.
Why not donate your charity budget to where it will do the most good? Some of the charities you donate to are a lot more cost-effective than others, so even without identifying a new charity that is more cost-effective than any on your list (though that is what you should do), you could do a lot more good by just allocating your full charity budget to the one charity on your list that is the most cost-effective.
Some of the charities are international with no branches in Aus, are all of them tax deductible?
I’m living off $30k per year but I’m only one person. You guys are doing well for 4 people. I donate to two of the charities that you guys do. Plan sends me a lot mail. I was thinking about getting a boat earlier, but everybody I’ve met who’s owned a boat tells me that it’s big hole for money and time.
Your annual housing expense is the same as my monthly rent for a small 1 bedroom, I need to move to Australia
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