Hello all!
Just joined a few days back, and have been reading the forum religiously. I've also thrown down a gauntlet to save $50,000 in cash over the year, which will be a good battle against bad habits. I'm based in Melbourne, Australia.
Here are my questions:
-I've got income protection insurance, along with life insurance coming from my superannuation fund. How important are these now? I'm guessing that once someone is FI or FIRE, these insurances can really go away?
-This coming year I have the option of moving back in with my folks. What would a Mustachian do? Commute time increases from 10min walk to 45mins on the train one-way. Savings would be around $1,200/month from not having to pay rent and my own utilities. And I gift my mother $400/month but if I move that could be considered rent for tax purposes (probably not important).
-For Aussies: Do you count your mandatory superannuation contribution towards your income saved? To me, super is "dead" money as 1. Who knows if I'll live till 65 to access it, and 2. By the time I hit 65 the withdrawal age will probably increase.
I've attached my 2015 budget, open to comments and facepunches.