August 2022 Early Retirement Update

Time for a look back at what we were up to last month! We started the month of August in the city of Eger in the east of Hungary. Once our weeklong stay in Eger wrapped up, we headed west to Budapest where our 2 month European vacation would end after a nine day stay in the capital city.

We flew back to the USA through London and missed our connecting flight from London to Raleigh (whoops!) so we got a free one day whirlwind vacation in London. All expenses paid by the airline (except our transit tickets into the city center!). 

After finally making it home to North Carolina, two of our kids started community college classes almost immediately. And now the youngest kid is back in school too. So we are back into the slower-paced “steady state” life here at home in Raleigh. 

Financially, August was a mixed bag. Our net worth plummeted by $79,000 to end the month at $2,639,000. However, our income of $1,698 was higher than our spending of $1,398 during August. 

Let’s jump into the details from last month.

 

Fisherman’s Bastion, keeping watch over the Danube River in Budapest, Hungary.

 

Income

Investment income totaled $350 in August. Our equity index funds and ETFs pay dividends quarterly at the end of March, June, September, and December. As a result, we had a rather small amount of investment income last month. Here’s more on our dividend investments.

Blog income totaled $1,121 for the month. This is a pretty normal month for blog income. 

My early retirement lifestyle consulting income (“consulting”) was $175 in August. Summer is always a slow period for my consulting biz. We’ll see if the fall season brings more work for me! 

Tradeline sales income totaled $0 in August simply because the monthly payment for August landed in my account on September 1st. And it was over $1,000! But I’ll add that amount into the September income totals, just to maintain consistency in reporting. I ramped up my tradeline sales in 2020 and discussed it in a bit more detail in my October 2020 monthly post and in my July 2021 monthly post

For August, my “deposit income” totaled $51. This income comes from cash back and incentive bonuses from the Rakuten.com and Mrrebates.com online shopping portals (some of which was earned from you readers signing up through these links). 

If you sign up for Rakuten through this link and make a qualifying $25 purchase through Rakuten, you’ll get a $10 sign up bonus

August Youtube income dropped to zero. Youtube only pays out when you exceed $100 in accumulated revenue. Recently, my Youtube earnings have been just under $100 per month on average, so I’ll be getting paid a bit under $200 every two months.

Here is the Youtube channel for the curious. It’s random travel videos, birds, kids, and a couple of DIY videos. There are only a few main videos that bring in most of the traffic (and revenue!).

August was one of the lower income months for us during 2022. But our expenses were low as well, so on a cashflow basis we’re still doing well.

 

 

If you’re interested in tracking your income and expenses like I do, then check out Personal Capital (it’s free!). All of our savings and spending accounts (including checking, money market, and five credit cards) are all linked and updated in real time through Personal Capital. We have accounts all over the place, and Personal Capital makes it really easy to check on everything at one time.

Personal Capital is also a solid tool for investment management. Keeping track of our entire investment portfolio takes two clicks. If you haven’t signed up for the free Personal Capital service, check it out today (review here).

Tracking spending was one of the critical steps I took that allowed me to retire at 33. And it’s now easier than ever with Personal Capital.

 

Expenses

Now let’s take a look at August expenses:


 

In total, we spent $1,398 during August which is about $2,000 less than our regularly budgeted $3,333 per month (or $40,000 per year). Travel expenses and groceries were the two highest categories of spending in August. 

 

Detailed breakdown of spending:

 

Travel – $605:

We spent twelve days of August traveling in Europe. Eleven of those days were in Hungary and one day in London. 

Here is a quick summary of roughly what we spent in Europe during the month of August:

  • groceries, toiletries, household supplies – $50
  • restaurants – $260 (plus maybe $100-150 more paid in cash that we withdrew from the ATM in July)
  • souvenirs – $50
  • transit – $115
  • museums and attractions – $109

 

Groceries and Restaurants

Hungary restaurant prices were incredibly affordable, so we didn’t buy many groceries. Instead, we ate out almost every meal while in Eger and Budapest and still managed to spend less than $500 on dining out.

A typical meal for the five of us was usually around $20-25. That represents a mix of takeout and dining at a restaurant. Included in our restaurant spending is a decent amount of snacks, ice cream, and milkshakes while out and about exploring the cities and countryside of Hungary. 

 

The delicious “langos” fried dough, a traditional snack in Hungary. It’s basically like a deep fried light, airy pizza crust eaten plain or covered in a variety of toppings. This one has sour cream, cheese, bacon, and onions on it. The langos was $4 from Retro Langos, a fancy place in the tourist-centric part of Budapest. Later, we visited a different langos shop in a market stall in a non-tourist area and the prices were closer to $1.50 for a cheese and sour cream langos (and 10 cents extra to add ham!). Greasy, but very filling and delicious.

 

One of my favorite restaurants on the whole trip. Falank Fanny restaurant in Eger, Hungary. Really good local dishes and Root of Good-approved pricing. Large servings of all kinds of meat-and-veggie type stuff in delicious sauces for $3-4 per plate. I had to triple check my math after paying the bill the first day here because it turns out a table full of food was only $18 for all five of us. You point to what you want on the serving line and they plate it up for you. This format of restaurant makes it easier as a non-Hungarian speaker to get the food that you think you’ll like. 

 

Transit costs

While in Eger, we walked everywhere or drove our rental car. But once we were in Budapest, the car became a liability so we returned it to the rental car agency. While in Budapest, we were able to walk to tons of places from our centrally located airbnb. For longer trips, we took advantage of the efficient bus network and subway system in Budapest.

The transit tickets were usually 75 cents per person, or a bit more if we needed to transfer from the bus to the subway. We also took the express bus from our airbnb to the airport for $4 per person. In total, we spent $45 on all our transit needs while in Budapest for 9 days. That shows how affordable traveling in Eastern Europe can be.

In contrast, we spent one day in London. While there, we decided to visit the downtown area of London for a quick self guided tour of the city. The one-day transit pass for our family of five was $71. We spent almost twice as much for one day of transit in London as we did on a week’s worth of transit usage in Budapest. 

 

The Vajdahunyad Castle in Varosliget Park (Budapest’s “Central Park”)

 

The most amazing playground that I have ever seen anywhere in the world in Varosliget Park in Budapest. And admission was free! Several zip lines, swings, slides, a half dozen different huge climbing/rope structures. This big wonky three dimensional moonwalking-seesaw contraption (that definitely looks like you could get seriously injured on it). Water features. And more. If our kids were younger it would be worth spending several days just at this playground.

 

The grounds of the Varosliget Park are very well manicured in many places and quite extensive. This is the Museum of Ethnography on the edge of the park.

 

We wrapped up our Varosliget Park visit with a tour of the Millenium Monument in Heroes’ Square. This space memorializes the 1,000 year anniversary of the settlement of what became modern-day Hungary.

 

Admission fees/experiences

We didn’t spend too much at museums and other attractions while in Hungary. The biggest expense was the $69 for family admission tickets for their massive Parliament Building. The building sits on the east bank of the Danube River in the center of Budapest and is only accessible with a paid tour. 

We also toured the Eger Castle for $11. We chose to visit in the evening hours once the crowds had gone home and the temperature dropped to a more reasonable level. Tickets were half price after 5 pm, however the small museums inside the castle complex were closed for the day by the time we arrived. But we got to enjoy a great sunset from atop the castle walls. And we only had to share the castle complex with about a dozen other people. 

 

The Eger Castle was a great place to watch the sunset over the city. Take note of the tall tower on the right hand side of the picture. That is the northernmost minaret tower built by the Ottoman Empire (back in the 1600’s) that survives today. 

 

While in Eger, we rode their Ferris Wheel to catch some excellent views of the city. The cost for all five of us was $29. 

We actually spent a little bit more than $109 on various admission tickets during August, but we paid cash for some of the small ones. So the extra spending was recorded in my July spending report when I withdrew the cash from the ATM. For example, I visited the Hungarian National Museum by myself for $7.

On our drive west from Eger to Budapest, we took a detour to the Somoska Castle and Stone Waterfall in Slovakia. I don’t recall the exact cost of admission but I think it was a dollar per kid and two dollars per adult.

When I tried to buy tickets, I was rattled because the very nice lady at the ticket office only spoke Slovakian, Hungarian, and German. So we conversed in German. The only problem was that I don’t really know much German. Fortunately I did know the words for “one, two, three, student, kid”. That was enough to tell her we needed to pay less for our three kids! In this little corner of the Slovakia/Hungary border, German serves as the lingua franca. 

Apparently this is the case in a lot of Hungary (outside of Budapest), since I had many people ask me if I spoke German when their only languages were German and Hungarian (and not English). Per my googling, this is a hangover from the former Austro-Hungarian days when schoolkids in Hungary commonly learned German as a second language. And from the economic might of Austria and Germany, which feeds a lot of the cross-border tourism in Hungary. On top of all that, there remains a lot of cross-border trade with Germany and Austria so it’s helpful to know German if you want to live and work in those markets. 

 

Somoska Castle in Slovakia. We parked on the Hungarian side of the border and walked the 50 feet to the castle grounds (in Slovakia). The short path up to the castle served as the international border.

 

Looking up from the base of the Stone Waterfall. It’s a basalt rock formation that came from a volcano millions of years ago. It’s a short but steep hike down from the castle.

 

Accidental 1-day mini-vacation in London

We missed our connecting flight in London, so we were stuck there for a day. After a tight connection through Heathrow Airport (where you have to pass back through security during a connection, no matter what), we showed up to the departure gate for our 10:20 am flight to Raleigh.

We arrived 20 minutes before scheduled departure. But the gate was already shut! The gate agents were very persistent in saying “gate’s closed; sorry, rebook something else” in a half-dozen different ways. Later on, I find out that the gates officially close 15 minutes before departure, which in London apparently means “gates close 20+ minutes before departure and/or whenever we feel like it”. 

What a bummer. 

Eventually we gave up arguing with the gate agents and headed over to the American Airlines desk to complain and book another flight home. Except there were no more flights home that day. The bad news was that the next available flight from London to Raleigh was the next day. And it was “our fault” that we missed the flight to Raleigh, so we would have to provide our own lodging, meals, and incidentals while in London for the night. 

Yeah, that doesn’t sound fair. 

In the meantime I volunteer to translate for another stranded passenger (there were 38 of us that “missed” the flight to Raleigh because they closed the gates early). He spoke only Spanish and none of the gate agents spoke any Spanish. So I translated for him and got him a flight to Raleigh (maybe) on standby, but not direct. Maybe through New York or maybe not. No clue where he ended up. 

I go back to the airline agent to negotiate. I tell them how our connection was tight and the airport is a nightmare. And my arriving flight (on their partner airline) was late. 

I guess my heroic translation efforts softened up the customer service rep enough to label me “a good guy”. She acquiesced to helping me out (after verifying that our arriving flight did in fact take an extra 20-30 minutes to get to the gate and deplane all of us fine travelers). She said we could rebook on the direct flight to Raleigh the next day for free. And she agreed to cover the cost of hotels, meals, and incidentals for the night in London. 

After a total of two hours at the airport desk, they eventually gave us 3 free hotel rooms at the in-airport Holiday Inn (about a $600 value total), plus meal vouchers for free dinner and breakfast. In addition, she gave us $60 worth of vouchers to buy snacks at the convenience store in the airport. That’s how I found out $60 buys a large grocery bag filled with an assortment of British chocolate, snacks, cookies, and various treats (maybe 10-15 pounds weight in total).

After we scored a free 24 hour paid vacation in London, we quickly set off for our airport hotel, dropped our bags, rested and regrouped for 30 minutes, and pulled together a quick plan to tour downtown London. 

Fortunately I had already extensively researched visiting London because we almost went into the city on our 9 hour long layover waaaay back in June on the way to Croatia. So I already had a route mapped out, and all the best of the touristy places tagged on my map! 

Off we go, to ride the train into the city to see whatever we could see in what we had left of the afternoon. We walked along the Thames River, saw the Millennium Eye ferris wheel, then crossed the Thames by Big Ben and Parliament. Then we walked by Westminster Abbey and on through a big park toward Buckingham Palace. By this point, it was getting late so we headed through another park toward the subway station for our ride back to our hotel. 

It was a great whirlwind tour of London, but not enough time to really experience much of the city. So we’ll probably go back at some point.

 

Big Ben!

 

Westminster Abbey (and me checking out a parking lot full of Rolls Royce’s and Bentleys).

 

London Red Telephone Box! It was fun to do a stereotypical tourist itinerary for a change. I guess this is how tourists on guided tours feel. Rush from one place to another. Snap a pic, then move on.

 

If you are interested in getting free travel from your credit card like I do, consider the Chase Sapphire Preferred card (my referral link). Right now the Sapphire Preferred card offers 60,000 Chase Ultimate Rewards points that can be used to book $750 worth of travel. Or transfer the points to a ton of different airline frequent flyer programs and book a free trip to Europe. Or cash out the points for a $600 check and buy whatever you want! The card also has a lot of nice travel benefits as well.

 

Groceries – $282:

Our grocery spending of $282 wasn’t too bad given the massive amounts of food inflation. Lots of stuff we routinely buy has increased in price by 33-50% in the past year.

We were only at home for 19 days during August, so we didn’t buy a full month’s worth of groceries. 

I also used up a bunch of gift cards and Visa rewards cards from our health insurance company, so the $282 spending number is probably quite a bit higher. 

I still have a bunch of gift cards to spend, so our grocery spending might remain artificially deflated for a while. 

 

Education – $269:

With two kids in college, our education costs are ramping up ever so slightly. 

Our oldest kid has turned college into a money-maker since her total of grants and scholarships exceeds the cost of tuition and books. The surplus is hers (for now!). As a result, I won’t be including the cost of her books in my spending summaries since she will pay for it out of her grant/scholarship proceeds. For the curious, her books totaled $282 for fall semester. That doesn’t include the 2 year Cengage textbook subscription we bought last year for about $260. 

Our middle kid is in community college half time and high school the other half of the time. As a result, she gets no financial aid. So we are paying for her books out of her 529 account (and I’ll be including the book expenses as part of our household spending for the time being). 

We bought the $269 2 year “Cengage” subscription for our middle kid. It includes her Economics textbook and online homework access. In addition, the subscription is “all-you-can-read” for 2 full years. So we will get the Calculus I, II, and III, Linear Algebra, Differential Equations, 2 semesters of Physics, and possibly more textbooks out of this one-time subscription.

That’s not a bad deal since individually these are all close to $100 each. Our oldest kid is using her second year of the Cengage subscription right now for Economics and Calculus, so that one time investment last year is paying off this year. 

 

Back home, and the animals are alive and well in our backyard. Here is our friendly neighborhood juvenile osprey perched on the back fence.

 

We have a woodchuck living underneath our shed. I love how they fast-waddle when they get spooked.

 

Gas – $69:

A full tank of gas for the minivan. We were low on gas when we went out of town in June, but gas prices were almost $5 per gallon in Raleigh. So I left the van mostly empty, hoping for a reversion to the mean in gas prices. The gamble paid off and I saved $20 as a result. 

 

Telephone – $64:

We spent $64 to buy another year of cell service from RedPocket Mobile on two phone lines ($32 per phone). What started out last year as an experiment turned out to be a very functional cellphone service for our kids, so we continued it another year.

The minutes/texts/data on the cheapest RedPocket plan are limited. But with wifi calling, Google Voice for texts, and almost always being on wifi, the basic plan isn’t too onerous. Especially for a $2.50 per month phone plan! 

 

Utilities – $50:

The total utility spending back home in Raleigh was $50 last month.

We spent $33 on the electric bill and $6 for the water/sewer/trash bill. The water bill had a small positive credit from (intentional) overpayment in July. The natural gas bill, which provides heating and hot water, totaled $11 for last month. 

These utility bills represent the period over the summer when were weren’t at home. We used a tiny bit of electricity for things like the fridge and air conditioning (with thermostat set at 88F). Most of the charges are for keeping water/sewer/electric/gas connected for the month, regardless of usage.

 

Healthcare/Medical/Dental – $40:

Our current 2022 health insurance is completely free thanks to very generous Affordable Care Act subsidies that we receive due to our low ~$45,000 per year Adjusted Gross Income. 

The “American Rescue Plan Act” passed in March 2021 makes the Affordable Care Act premiums even cheaper through 2022. Households with modified adjusted gross incomes (MAGI) below 150% of the federal poverty level get select silver-level health insurance plans completely free. 

For the adults in the household, we spend $20 per month ($240 per year) for a basic dental insurance plan for each of us (or $40 per month in total). Our routine dental exams and cleanings with the occasional x-ray have increased in price recently. The cost is now $125 (no x-ray) or $170 (with x-ray). 

With two routine visits per year, we will spend almost $300 per person. A $240 insurance plan provides those same services for free. And we get some minimal level of insurance if one of us needs a filling during the year. 

 

We are used to a ton of wildlife in Raleigh. So we were disappointed that almost everywhere we went in Europe was completely devoid of any kind of wild mammals. These deer were the only deer we saw the whole time, and they were inside a fence at the national park in Hungary.

 

Automotive – $22:

Our daughter got her provisional driver’s license! After showing up for our appointment and then waiting an additional two hours at the Department of Motor Vehicles, they finally blessed her with the legal rights to drive a multi-ton vehicle at 70+ miles per hour. And it only cost $22! 

I didn’t know how to classify this expenditure so “automotive” sounds like a nice driving-related category to contain this expense! 

 

Restaurants – $1:

After a summer of dining out a ton, we are back to grocery shopping and cooking in our nicely outfitted kitchen. As a result, our restaurant spending in Raleigh during August totaled just under one dollar. I paid $0.38 for the privilege of ordering ahead through an app two times to redeem some free food coupons at a local restaurant. 

 

Cable/Satellite/Internet – $0:

We generally pay $18 per month for a local reduced rate package due to having a lower income and having kids. 30 mbit/s download, 4 mbit/s upload. Right now the cost of the internet service is temporarily reduced to $0 due to the “Affordable Connectivity Program”. 

 

About an hour east of Eger is the city of Miskolc. We visited a thermal bath inside of a cave. A very cool (warm?) experience!

 

 

Total Year-To-Date Spending for 2022


 

Our spending totaled $21,501 for the first eight months of 2022. This is about $5,000 less than the $26,667 we budgeted for eight months of spending in our $40,000 annual early retirement budget.

So far, our 2022 spending looks incredibly good, given the high inflation operating in the background. We are over our target on travel spending, but lower spending in other categories more than makes up for travel inflation. 

Kid-related expenses are increasing since they are in their teen years. At the start of September, we started paying the higher auto insurance costs that come with adding an inexperienced teen driver to the auto policy. We have been paying about $20 per person per month for auto insurance for many years. But that’s for us experienced adults with an established driving record. 

Adding our daughter to our auto policy costs an additional $81 per month. That’s over four times the cost for an experienced adult. They did offer some consolation – her premiums will start to drop after three years of ticket-free, accident-free driving. 

This extra $81 per month is 100% worth it, since she can drive herself to college, and run errands if we need her to. In case anyone is wondering, riding a bike the 4.5 miles to her college classes on the six lane busy highway is a non-starter. And the 50+ minute transit ride would be cumbersome as well. So the low price tag of $81 per month is quite a bargain! 

For the time being, we are all sharing one car. It’s not too much of a hassle since I have two feet and a bicycle and can get around town to a lot of places without a car. 

But we hope to buy a new used car soon. Used car prices are theoretically declining month after month. But I can’t really tell by looking at the listings for used cars. It’s tough to pay $8,000 or $10,000 for an old beater car that might not be reliable. 

 

Monthly Expense Summary for 2022:

 

Summary of annual spending from all years of early retirement:

 

 

Net Worth: $2,639,000 (-$79,000)

June: down $177,000. July: up $125,000. August: down $79,000.

Hey look! We were only down five figures this month! It was a pretty smooth month overall! 

I think you have to take these fluctuations in net worth with a grain of salt. Yes, watching $79,000 evaporate from your balance sheet does suck. But at the same time, it fluctuates so much on a daily and monthly basis that you can’t worry too much about the short term. 

Long term, we are doing phenomenally well. We are up roughly double since I quit working nine years ago. That’s the main metric that matters. We’re a lot better off today then we were back then, in spite of nine years of laziness. 

For the curious, our net worth reported above includes our home value (which is fully paid off). However, please note that I don’t consider my home value as part of my portfolio for “4% rule” calculation purposes. I realize folks ask me about that every month so I just wanted to state that here for clarity.

 

 

Life update

Just in the past few days, the summer heat transitioned into more fall-like weather here in North Carolina. It was actually cool one morning last week! I can’t wait as fall is my favorite season of the year. 

Looking forward, we have a somewhat busy fall/winter travel schedule. We have a 10 night cruise to the Caribbean in October and another 10 night Caribbean cruise in January. And we just booked another cruise for December. 

For the December cruise, we will fly to Europe a week before the cruise to squeeze in a mini-vacation. Then head to the port and embark for a transatlantic cruise back to the USA. It’s our first transatlantic cruise so I’m looking forward to it. And we snagged a balcony cabin for the same price as an inside cabin. Assuming the weather isn’t too chilly, we’ll be able to relax on our private balcony quite a bit (or at least enjoy the view). 

 

From the hills on the Buda side of Budapest, we relaxed and enjoyed a great view of the Parliament Building of Hungary.

 

For our big summer 2023 trip, we were looking at spending the summer in Colombia initially. Then we pivoted to focusing on Argentina instead. Right now we haven’t booked anything for our summer 2023 trip, but I was able to recycle the notes/details from my 2020 South America trip planning spreadsheet. That 2020 trip was “The Trip That Didn’t Happen Because Of The Pandemic”. 

Maybe in 2023 things will work out better for us than in 2020.

Well, that’s it for me for this month. See you in another month! 

 

Are you ready for summer to be over? Did you do anything exciting?

 

Want to get the latest posts from Root of Good? Make sure to subscribe on Facebook, Twitter, or by email (in the box at the top of the page) or RSS feed reader.


Root of Good Recommends:
  • Personal Capital* - It's the best FREE way to track your spending, income, and entire investment portfolio all in one place. Did I mention it's FREE?
  • Interactive Brokers $1,000 bonus* - Get a $1,000 bonus when you transfer $100,000 to Interactive Brokers zero fee brokerage account. For transfers under $100,000 get 1% bonus on whatever you transfer
  • $750+ bonus with a new business credit card from Chase* - We score $10,000 worth of free travel every year from credit card sign up bonuses. Get your free travel, too.
  • Use a shopping portal like Ebates* and save more on everything you buy online. Get a $10 bonus* when you sign up now.
  • Google Fi* - Use the link and save $20 on unlimited calls and texts for US cell service plus 200+ countries of free international coverage. Only $20 per month plus $10 per GB data.
* Affiliate links. If you click on a link and do business with these companies, we may earn a small commission.

46 comments

  1. Hey Justin,

    Transatlantic cruises are the best. Me and my wife have been on (5) transatlantic cruises so far, and we did one this past spring. It so relaxing to go to the pool deck every day and enjoy the sunshine and views of the ocean. The fancy dinner and entertainment in the evenings topped off each day. We are going on a short 5 night cruise in a couple weeks out of Port Canaveral and we have a southern Caribbean cruise going to Aruba next spring with another transatlantic booked for 2024.

    1. Awesome! It’s our first transatlantic but I’m definitely looking forward to it for exactly the reasons you mentioned. Just relax and enjoy the water, wind, and views. Then eat 3-5 nice meals per day and enjoy a show. Laze about as much as possible 🙂

      Did you find the transatlantic cruises to be less “busy” on the pool deck and in the buffets since everyone is on there the whole day for the sea days? It seems like when we have tons of port calls on Caribbean cruises, that it can get really busy at times, like when 4,000 people come back from the island and all try to hit the burger bar at the same time!

  2. I’m wicked impressed with how you handled the LHR escapade. Well done! And thanks for the public transportation comparison between London and Budapest. London is easily our favorite city, but in the name of saving a buck (well, a LOT of bucks) I’m grateful for every bit of ammunition I can provide to tempt my wife elsewhere.

    What cruise line are you taking for the transatlantic voyage?

    1. We feel pretty rich in a lot of Eastern Europe. Like meals and transit so cheap it’s almost free. Definitely not the case in London, lol.

      Our transatlantic cruise is on Norwegian.

  3. We got back from a Disney cruise that went through Denmark, Norway, Iceland, Scotland, and ended in England. So we did England at the end of the August – only for a couple of days. The Disney cruise was expensive, but worth it.

    One thing we learned in England is that kids travel free in the subway (not sure what the age cut-off is) so it was cheaper for us to skip the day pass and just use our contactless credit card. Well, that’s what the workers there told me, but I didn’t review the actual expenses.

    1. I think our youngest kid’s ticket was supposed to be half price but it wouldn’t work on one of the routes we had to take (the Elizabeth Line??). The regular metro line that google suggested we take was on fire or something so we had to take a different line that I assume we needed a day pass for. I just asked the transit guys at the ticket machine what I should get and they said “day pass” to ride the more expensive train. Also was in a big rush to make the most of the day so couldn’t really research it too much.

      If we were to stay longer, I think the Oyster card or the credit card thing works a lot better to get discounts for the kids and for off-peak trips.

  4. Are those upcoming cruises family cruises or just you two?

    I always have trouble finding reasonable prices for a family of 5 on cruises with two cabins. Almost always >$3k with tax for two cabins unless its when school is in session.

    1. So far all 3 cruises are just for us because the kids are in school during those time slots. With kids in a mix of K-12 and community college, the holiday schedules are really tricky.

      We occasionally get lucky and find awesome cruise deals during Christmas or Spring Break. Like $1200-2000 for a weeklong cruise in 2 cabins. MSC has kids sail free (just pay tax), but you’re still paying full price for 3 people, and close to full price for the fourth one. Plus tax on person #5

        1. We did 4 in one room when the kids were smaller. And we actually had 4 of us booked into a balcony cabin over spring break 2022 but ended up cancelling it, and booking 2 cabins on a different ship (last minute deal, it was cheaper).

          1. How’d you find those deals?

            I know you’ve posted in the past about finding cruise deals years ago, but do you still use the same tools like vacationstogo.com to find last min deals?

            1. cruisesheet is my go to search engine.

              Travelocity or Expedia is decent if you want to put in 4 guests and see how it prices out (but they show the unloaded cost before taxes, so it’s really hit and miss, but at least lets the “kids sail free” cruises float to the top).

              Don’t usually use Vacationstogo but it’s decent for finding last minute cruises with their price per night sort feature.

  5. Looks like another great trip in the books! How do you handle cell phone service in Europe? Does your Google FI and RedPocket work overseas? Please tell me you did not make an actual phone call from that red box in London.

    1. Just Google Fi is all we used. Redpocket doesn’t work overseas (as far as I know). Google Voice for free wifi calls.

      And I did check for a dial tone in the Red Box. It works! But I didn’t make an actual phone call.

      1. Thanks for mentioning Redpocket. I hadn’t heard about them. I just ordered the $2.50/month plan for my daughter to use in my old iPhone! It should be here in a few days and we’ll see how it goes. It’s intended for her to be able to call us for emergencies, etc. and is a lot cheaper than the crappy cellular watches and plans that we were considering.

        1. That’s basically the idea for our Redpocket plans. Something for the kids to be able to text us when the bus is late, or if they’re stuck somewhere. Or more recently, running errands for us and being our free “instacart” shoppers 🙂 200MB per month is plenty for those purposes. And you are right, much simpler and cheaper than a smart watch w/ limited functionality. And most middle/high school kids need phones for academic purposes during class and for various homework, so you need to carry a phone anyway.

  6. Nice job turning lemon into lemonade! We had a similar experience missing our connecting flight due to a thunderstorm in Tokyo. We ended up getting about $600USD cash and stayed at a hotel of our choosing. We went to a luxury resort, ate same ramen at midnight, invited a good friend over for brunch at the hotel and swam and went back to the airport for our flight back to LAX. The kids still talk about it!

    1. Nice! We were so tired once we got to London, it was tempting to go to the hotel and just crash and sleep (had to get up at 3:30 am to catch a very early flight to London!). But we made lemonade, you are right! 🙂

  7. “Here is a quick summary of roughly what we spent in Europe during the month of August”

    I don’t see any mention of total lodging costs for Europe.
    Can you estimate what you spent in that category?

  8. Hungary seems like a nice place.
    If I ever go there, I will have to brush up on my German which I studied in high school a long time ago.

  9. Also, I forgot to ask before. I noticed Hungary has a border with Ukraine. Did you by any chance see any Ukraine refugees in Hungary?

  10. Curious how you were able to get a balcony cabin for the same price as an inside cabin? Do you use a specific website online to find your cruise deals? Thanks

    1. Cruisesheet dot com is what I usually use. I just happened to see an excellent deal on a balcony cabin and it was the same price as an inside room. It was a “guarantee” balcony but we were assigned a great balcony cabin (mid ship, no obstructions in view).

  11. Great write-up! My wife and I will be visiting Budapest next month and to prepare I am making a map of all the highly rated langos locations. Do you remember the market name/location you found the $1.50 langos? Thanks!

    1. The restaurant is called “Langosos” on Google Maps but I don’t recall if there is a name at the actual restaurant. The market is called “Hunyadi Square Market” and it’s somewhat small. Here is a google maps link to the restaurant.

      Another place that got good reviews is Marika Lángossütője in the Klauzál piac Market. They were closed on the day we visited (a Monday or Tuesday?) even though google maps said they would be open. So we didn’t get to try their langos (and they also serve some local Hungarian dishes that got great reviews).

      FYI, beware the Langos shop in the Central Market Hall (main touristy market). Google maps reviews has it at a shockingly low 1.3 stars (on a 1 to 5 scale, lol). Total ripoff artists per the comments. Big tourist trap! We did not even try it since I saw all the negative comments first. Plenty of better options to get a delicious fried langos.

      1. Awesome information! I added both of those locations to my map – from the reviews they appear to be the best ones yet.

        Yeah, I have heard that the Central Market langos location really pushes the upsell. Really expensive nontraditional toppings and an extra charge for a “fancy” cardboard plate, etc. We will definitely check out the Central Market as we are staying nearby but will probably avoid that langos location.

        Thank you very much!

  12. Stunning pictures of stunning places – have never been to Hungary, but man, those castles look absolutely awesome! Well done on your month – 1,200 USD income from your blog is massive! I am nowhere near that! Traveling through Europe in summer makes a lot of sense (always avoid the fall). Europe is really going through a lot these days – my dividend stocks have fallen like crazy.. but nevertheless, I believe owning stocks will be essential and important for years to come (better than just holding cash). I started building my All-Weather Portfolio which now generates about 24,000 USD in passive income. Keep it up, love your blog! Cheers from Singapore, Noah

  13. langos are great – had really good luck with them in bratislava.

    glad college is going well. our son is in his third and graduating year from uc berkeley. as we’ve discussed before with grants his college and living costs have been less than 5k a year – despite high living costs in bay area.

    years of grooming our income to match the subsidy reqs have paid off. he does have about 5k a year in loans but uncle joe seems determined to zero those out.

    1. Bratislava looks cool. Been nearby a couple times on our trips but never made it over there (yet).

      Yeah college is still pretty manageable if you look poor on paper and go to an in-state school. Given the incredibly high minimum wage jobs these days, it’s really feasible to work your way through college if you live like an actual poor college student.

      And all praise Uncle Joe! He has been quite munificent lately with his gifts! We expect to benefit greatly from his ongoing charity too.

      1. Dover castle on the border outside bratislava is fantastic.

        College has become a fantastic deal for subsidy whores – of which I am one. My son did even better he had a min wage job right before but as the pandemic hit he filed for unemployment – got over a year of much higher income than he ever made making sandwiches. He also got food stamps for over a year.

        Uncle Joe has been very generous with other people’s money – as was his predecessor. Good policy debateable but good for me.

        1. sorry it’s Devin castle. by any name worth the trip. easy public bus – it’s right across the river from austria.

        2. Nice job on the outsized pandemic unemployment! Yeah subsidies the last 2.5 years have been very very generous. If we weren’t sitting on 8%+ inflation, it would feel a lot better!

          1. Never sure how to take generic inflation numbers – my son’s college rent is the same as last year. Wife and I have spent last eight months in spain, turkey, malaysia, indonesia, and thailand. Nice think about being from california is almost anywhere in the world one goes is much cheaper. RIght now in a kuala lumpur airbnb for about 29 a night.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.