For Business Insider's "Real Money" series, he shares how he spends his money in Edinburgh, Scotland.
He doesn't usually spend a lot when he is at home, but he splurges on food, drinks and entertainment when he is traveling with his wife.
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I've been saving money my entire life.
For the first five to seven years of my career, I wasn't saving for anything in particular. I was just saving because I wanted a portfolio. Then I learned about financial independence, and I was like, 'This is perfect. This is what I'm saving for.'AdvertisementNow, since I've retired and my wife and I moved from the United States to Scotland, we optimize our spending when we're at home. We don't have any crazy recurring expenses. We eat healthy, go to the gym, do our hobbies and things like that - but we don't spend that much when we are at home. And that means when we do want to go somewhere, we can then feel like we can spend as much as we want.
We can afford to travel all the time, and yes we can afford to eat out all the time, and we can afford to do a lot of things all the time, but we find it more enjoyable when we treat ourselves every so often and give ourselves something to look forward to.
I tracked my spending for a week. This week was a great representation of how I spend my money because we laid low and also took a short trip to Manchester, England.
Here's a look at what I spent:
Every month, my wife and I generally spend about $500 at restaurants, $317 on travel and $266 on alcohol.
We spent $335 (65% of our weekly spending) on Wednesday and Thursday when we were in England.
On Friday I spent $34.93 — a typical day for us in Edinburgh.
On Saturday, I took advantage of our local library.
My wife and I decided to go out for brunch on Sunday and spent $38.74 total.
Monday was another mundane day for me.
We had a big grocery delivery on Tuesday for $56.90.
We were ready to spend on Wednesday.
On Thursday, we did some sightseeing and headed back to Cloudwater.