Finances of flying
Pursuing a private pilot license demands a significant financial commitment, with costs including aircraft rental, instructor fees, study materials, headsets, an iPad for the ForeFlight app, along with other miscellaneous expenses such as an E6B flight computer and plotter. Careful planning and budgeting are essential to avoid going into debt for this passion.
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Why Everyone Needs a Financial Spreadsheet
In our experience, we have found that the single most important tool to achieve financial well-being is a financial spreadsheet. No matter what stage of life you’re in, it’s never too late to create a budget. Even if you have an above-average income, pay your bills on time, carry no debt, and have significant savings,…
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The logistics of our Hawaii trip
After we got back from our 13-day trip to Hawaii, we got asked several questions about planning and budgeting for the trip. In this post, we will break down our planning and spending by categorizing our expenses into 5 buckets — Flights, Accommodation, Car rental and inter-island transfers, Food, and Activities. The last one listed here, i.e.…
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Booking and Review of our Hyatt Place accommodation in Page, AZ
For our anniversary (which happens to fall around Labor day weekend), we wanted to go to Page, AZ, and nearby areas. Page is a popular long weekend destination for folks across the US. As we were planning for the Labor Day weekend, and looking for accommodation options in hotels or clean and well-reviewed Airbnb homes,…
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One year review of the Amex Gold
We recently reached the end of one year with one of our American Express Gold Card. In this review, we’ll break down how the card works, why it will have a place in our wallets despite the $250 annual fee, and how we’ve made the most of its perks in the past 1 year. Photo…
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What does responsible use of Credit Cards mean?
The total credit card debt in the US crossed the $ 1 trillion mark recently. The average interest rate for credit card debit is around 20%. For most individuals, responsibly utilizing a credit card entails paying off the full balance each month. However, we contend that this represents the baseline requirement for credit card ownership — responsible…
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Beginning our journey toward financial independence
We (M 31, F 28) came to the US in 2016 and 2017 and graduated with our PhDs in 2021, and 2022 respectively. Nitin got his Ph.D. in mechanical engineering and Sruthi got hers in Applied Physics. We have since then been in the industry working in Fortune 500 companies in engineering/research roles. Our combined…
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