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Frugal Tips

Saving Money Through Intermittent Fasting

In the constant search for ways to save money and to be healthier, I have come across intermittent fasting. Most people start intermittent fasting for the health benefits, but many people forget the economic benefits from choosing not to eat breakfast every day. In this post, I’m going to go over both the health benefits and why fasting can be a great way to save money as well. So without further ado, let’s dive in!

Let’s start with the question, “What is intermittent fasting?” Intermittent fasting is where you fast for an extended period of time, it could be a fast for 12 hours or it could be a fast of 20+ hours. During the fasting period, you are not supposed to have any calories at all. This allows your digestive system to recover and take a break so it’s not constantly working. Many people are starting to do this and more and more are finding the health benefit of this fasting. Because you are eliminating all calories for the majority of the day, you can see how it can be beneficial to your waist if you do it properly.

I’ve been practicing intermittent fasting for over a year now. I didn’t consult a doctor or anything and if you choose to try intermittent fasting, I recommend doing your own research or at the very least, talk to your doctor about it first. My wife recently joined me a couple months ago and we both are feeling great about it. We finish consuming calories at 5:00 PM every night and we can consume calories again starting at 11:00 AM the next morning. So we fast for 18 hours and I do it every day, but my wife just does it during the week. Just as a personal anecdote, I’ve gone from 228 pounds down to 213 in the past month and a half alone from fasting as well as playing pickleball every chance I get. Although these results won’t be there for everyone, you definitely can slim down a bit because of intermittent fasting.

Fasting is actually pretty easy once you start doing it more often. You soon realize that water, tea, and black coffee are you best friends. Tea and black coffee don’t have any calories unless you add sugar or creamer so if you like these drinks, you’re in luck! Coffee is a hunger suppressant so it does make fasting easier as well and I already told you about how to save money by making your own coffee every money. Along with promoting hydration by drinking more water, you are also cutting out all sodas that are full of sugar and calories that leave you severely dehydrated.

Now we reach the main subject of this discussion, how does it help you save money? Well, you are eliminating an entire meal per day… just let that sink in. You don’t have to go to the grocery store and get breakfast foods. Cereal, bagels, waffle mix, pancake mix, breakfast bars, and any other kinds of breakfast foods that are loaded with sugar, unhealthy fats, and refined carbs are eliminated and out of your house. I haven’t bought breakfast in so long, that I don’t even know how much these things cost. But if you regularly purchase $30 worth of breakfast foods every time you go to the store, you can see how these savings could add up and you can add that money to your emergency fund or even funnel it right into your investments.

My only exception to the breakfast foods is oatmeal. When it’s cold outside, there’s nothing better than having 11:00 AM come around which allows me the luxury of having a warm bowl of oatmeal. During winter, I always break my fast with oatmeal. It’s full of fiber and it keeps things moving and regular if you know what I mean.

When it comes to actually eating in the 6 hour window that my wife and I have, we have foods that have filling fiber, we might make a smoothie, have some fruit or a salad. On the flip side, we might eat absolute trash and have leftover pizza or some pasta or something frozen that we just threw in the oven or microwave. We don’t count calories as long as we just stay in the eating window that we have. As average people eating 2,000 calories per day, it’s hard for us to get over that number if we just limit our eating and snacking to 6 hours per day.

If you are looking to start intermittent fasting, I have a big tip that will help you. Drink. Water. A lot of the times when you’re “hungry”, you’re actually just thirsty. But you can’t tell hunger pains from being thirsty so you just think the best thing is to snack on something. I’m here telling you that drinking water will keep your stomach happy and not screaming for you to fill it. Along with that, most people don’t realize how dehydrated they are. If your urine is a light straw color, that’s a good sign. If your urine is a darker yellow or brown, that’s a sign that you’re dehydrated. I personally aim to drink at least 160 ounces of water per day. I usually stop drinking an hour before I go to sleep which is 9:00 PM so I can sleep without having to wake up and go to the bathroom at night.

Again, I am not a doctor. And before you start doing this, I recommend you consult with your doctor and do more research on intermittent fasting and you can plan for doing it better. Are the health benefits and money saving benefits worth fasting? In my opinion, the benefits far outweigh the downsides, if there are any.

I’ll end this post here. I just wanted to give you information and more money saving tips so if you’re looking to cut your expenses, that it’s a little bit easier to find ways to do so. If you don’t want to try intermittent fasting, no worries! There are plenty of other ways to save money and cut your expenses.

Thank you so much for reading and I hope you find this information informative. I’ll catch you on the next one!

Marcus

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About Us

AIM for your FIRE Introduction

Hi everyone, welcome to AIM for your FIRE! My name is Marcus and it’s about time that I give this blog thing a shot and make this essentially a journal for my wife and I and our journey towards Financial Independence. I just want to give a quick background behind my wife and I and where we are currently in our financial journey. I’m not doing this to brag or to boast, I’m doing it so if you’re reading this, you can understand how a very average couple can build wealth and to prove to everyone that you don’t need a six figure income to achieve early retirement. 

I am 27 and my wife is 25. We both graduated from Boise State University in 2017, I obtained my B.B.A. in Marketing and my wife got her B.S. in Criminal Justice. We live in Boise, Idaho and we recently just bought our first house in March. The big thing that we have going for us is that through all that we have been through already, we don’t have any outstanding debt… except for our mortgage of course. Our combined income is nothing spectacular at $81,000. We are very frugal and love our lifestyle! We like to refer to ourselves as AIMs (Average Income Millennials)

We have a few different investment accounts that we currently contribute to every month. I am maxing out my Roth IRA and have been doing this since I opened my account two years ago. My wife just got her Roth IRA set up as well and she is currently maxing out her’s as well. We also have a separate investment account that focuses on dividend growth investments that we contribute to every month so we can grow it to an amount that will help us retire before we get to our 60s. 

Our big goal that we’re always working towards is achieving FIRE. Many of you already know what financial independence is, but for those of you who don’t, I’ll tell you what this phrase means. 

FIRE, Financial Independence Retiring Early, is a phrase that has come up more and more over the past two decades. It essentially means that you have the freedom to live off your assets/investments and that you don’t have to work to make ends meet in order to cover your expenses. This is a goal that many strive to achieve because no one wants to work until they’re in their 60s unless they really enjoy what they do for work. It’s very attractive to many people in the Millennial generation because they want that freedom and to not be tied to work their entire lives. 

Although a lot of my time is tied up in my work and my hobbies like playing pickleball and researching dividend stocks to find my next income stream, I really want to start this blog to document our financial journey and to help anyone else who is looking for additional information on where to start with their finances as well.

In this blog, I’ll be talking mostly about how to achieve FIRE and specifically how to do it with just an average income. It is absolutely doable, all you need is a plan and stick to it. There are going to be many tips and tricks that I will dive deep on to help everyone who follows the blog. I’ll also go over certain dividend stocks and explain what I look for when I invest as well as what the key metrics are to understand which companies are better than others in this specific style of dividend investing. 

I’m looking to post at least 3 times per week especially just starting out having never blogged before. Once I get a schedule going, I’ll most likely be posting every day, but I want to work up to that amount over time. 

I just want to close out this first post by giving a disclaimer. I am not a licensed financial professional. You should do your own research and investing on your own terms. This blog is to document my thought process on investing and to give helpful hints and information to help you make a better financial decision on your own or seek out a professional for yourself. Past performances of all the stocks that I’ll be discussing are not guarantees of future results. 

So now that we have that stupid jargon to help cover my own ass so no one sues me for anything, I finally just want to say how excited I am to get started on this new project and to share my knowledge with all of you! Once I get everything started and going more smoothly, I’ll set up something so we can build this community and have a dedicated home so I can bring everyone more content more often. 

If you’ve gotten this far in the blog, I really appreciate you following along and admire your dedication to reading. 

Thank you so much for following along and I’ll catch you on the next one!

Marcus