I've always believed that the best way to cut expenses and boost your savings rate is by cutting down on your three biggest costs: rent, transportation, and food
Four years ago, I quit my job to travel for as long as my meager savings would last me. I now live in Costa Rica nearly full-time and am on track to make $85,000 from freelance writing this year. I'm able to save 50% of my income because I control my three biggest expenses: housing, transportation, and food. I spend the most money on travel, which adds up to over $12,000 a year. My life is unconventional, but I wouldn't have it any other way.
Four years ago, I quit my job to travel for as long as my meager savings would last me. I now live in Costa Rica nearly full-time and am on track to make $85,000 from freelance writing this year. I'm able to save 50% of my income because I control my three biggest expenses: housing, transportation, and food. I spend the most money on travel, which adds up to over $12,000 a year. My life is unconventional, but I wouldn't have it any other way.
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