This post was written way back in March but I have been struggling with the risk vs reward side of putting so much personal information out into the public. The reward being: sharing information that may help others or others may relate to and not feel alone in the journey but the risk being: increased risk of being personally identified and targeted for phishing or other cyber attacks or being sued by someone who took any of my personal path as advice, despite the disclaimers. For any other bloggers or public figures, especially in the financial space, that are reading this, I’d love to hear your thoughts on how you cope with this.

Anyway, I’m continually being nudged to not be driven by fear and as I’m feeling brave this morning – here is a look back at 2025 and a catch-up on where life has taken us. It is another long one, so please feel free to skip around.

• Health
• Career
• Home
• Money
• Fun
• Growth
• Connection
• Love

I have read (and been told in therapy) that looking back and taking stock of how far you have come can strengthen resilience, motivation and meaning. When I started listing the milestones, I realized this had not been a quiet year at all.

It was a recalibration.

Wheel of Life Exercise

In an effort to break the milestones into categories I was reminded of the wheel of life coaching tool. The idea is that you rank your current satisfaction with each of these areas: 

1. Health & Emotional Wellbeing: Feeling strong, energized, and emotionally regulated—body and mind in harmony.
2. Career & Meaningful Work: Work that challenges, engages, and aligns with your values without draining you.
3. Money, Security, Time Freedom & Rest: Financial resources and personal time that give freedom, choice, and peace of mind.
4. Family, Parenting, Friendships & Community: Deep, supportive connections that nourish and sustain your relationships.
5. Partnership / Love: A supportive, loving relationship where shared life feels balanced and safe.
6. Home & Environment: A physical space that feels comfortable, inspiring, and like a personal sanctuary.
7. Fun, Joy & Play: Regular delight, creativity, and playful experiences that energize your life.
8. Personal Growth & Learning: Developing skills, insight, and self-knowledge to live more intentionally.
9. Spirituality / Meaning: Living with purpose, alignment, and a sense of connection beyond the everyday.

I thought it would be interesting to do a retrospective comparison of how the year started vs how it’s going now.

I’ll share by comparisons per category below and then go into some detail for each category to summarise the year and why the values have changed. 

The scale for each of these is here:

1. Health & Emotional Wellbeing

• 1: Drained, anxious, body and mind feel unsafe
• 5: Functioning, but stress and energy dips are frequent
• 10: Energized, balanced, emotionally resilient, and at ease in your body

2. Career & Meaningful Work

• 1: Misaligned, draining, or purely obligation-driven
• 5: Competent and steady, but effort-heavy or emotionally taxing
• 10: Engaging, autonomous, and fulfilling work that aligns with values

3. Money, Security, Time Freedom & Rest

• 1: Constant worry about money or no control over your time
• 5: Stable but occasional stress or time scarcity
• 10: Financially secure with plenty of personal time and freedom

4. Family, Parenting, Friendships & Community:

• 1: Isolated, disconnected, or strained relationships
• 5: Regular contact, some support, but patchy or shallow connections
• 10: Deep, reliable, and nourishing relationships with family and friends

5. Partnership / Love

• 1: Disconnected, conflict-heavy, or emotionally unsafe
• 5: Functional, with effort required to maintain harmony
• 10: Supportive, loving, and balanced partnership built on trust and presence

6. Home & Environment

• 1: Chaotic, uncomfortable, or uninspiring space
• 5: Comfortable and functional, but not fully aligned with needs
• 10: Sanctuary-like, inspiring, and deeply supportive of life and mood

7. Fun, Joy & Play

• 1: Life feels dull, obligatory, or joyless
• 5: Occasional enjoyment, but inconsistent or limited
• 10: Regular delight, playfulness, and experiences that energize and inspire

8. Personal Growth & Learning

• 1: Avoiding self-reflection or learning
• 5: Actively developing, but inconsistent or effortful
• 10: Consistently growing, learning, and living intentionally from insight

9. Spirituality / Meaning

• 1: Feeling disconnected, purposeless, or unaligned
• 5: Thinking about meaning, sometimes acting on values
• 10: Purposeful, aligned, and connected to a sense of larger meaning

Here is the comparison between Jan 2025 and Dec 2025 across each category.

The average across all categories for Jan was 6.6 vs 8.9 in Dec, a solid 2 point increase. Not bad for a 12 month timeframe. Read on for the rationale behind each of the scores and the reasons for the growth.

Key highlights from the year

• We bought our dream home!
• We grew our family with 2 kittens!
• I celebrated a milestone birthday!
• I moved into a new role in AI
• I prioritised joy
• I grew personally and spiritually
• I ended the year feeling healthier, more grounded and more regulated.

Money highlights

• We saved a meaningful portion of our down payment from current income, reducing how much we had to withdraw from investments.
• I maximized my available retirement contribution room.
• We earned several thousand dollars by moving cash between competitive savings offers while it waited to be used.
• Our net worth remained broadly steady through a major home purchase and a turbulent market.
• I experimented with Bitcoin and received a fairly expensive reminder that boring investing is still the best path to wealth.

Health & Emotional Wellbeing (2 → 8)

This was the biggest growth area. 

Health scares

In Jan, I’m not exaggerating when I say, I thought I was dying, hence the 2 rating. It felt like my body was systemically and systematically shutting down. I had a page long list of symptoms that continued to grow each week. I was convinced something was seriously wrong. Mr. MH and I had conversations about what would happen if I died and contemplated putting life decisions on hold until we knew more. We were travelling at the time and I considered coming home early to try and get in to see a doctor.  Another suspicion was that it was perimenopause.

Long story short – it was a vitamin D deficiency!

Once that was identified and I began supplementing, nearly all of the symptoms improved within a couple of weeks.

Don’t look back in anger

I looked back at my last 2 full blood workups from the past 5 years and not one checked my vitamin D, despite the fact that 96-98% of Irish residents are deficient. I also wondered whether earlier life stages, including pregnancy and extended breastfeeding, had contributed to depleted stores.

I fully suspect that the root of my earlier physical and mental health issues which caused me to take 18 months off work and essentially move back to Canada, were also linked to this, though possibly not entirely. This was a major financial hit, both from lost income and the cost of a cross-continent move.

While I am angry and feel let down by the medical system, I also feel it led me to a period of accelerated growth and spiritual awakening and has landed me where I need to be for this chapter of our lives. Evidenced by a full 2 point average increase across all categories of life satisfaction in less than 12 months.

Another thing to watch

Later in the year, another health concern led to follow-up imaging. The findings looked reassuring, but one area could not be fully characterized and needs to be monitored. That brought another wave of fear.

Fitness

Fitness wise, I maintained the weight I had worked to lose the previous year, even after falling out of a consistent workout habit. Daily walks, summer paddleboarding and spending more time outdoors helped. I do need to up my game here though in terms of strength training and getting back into walking which are goals for the remainder of the year.

Mental Health

As you can imagine, the year began with a great deal of fear and uncertainty.

As it progressed, I put a lot of energy into personal and spiritual growth: reading, meditation, therapy, nervous-system regulation and learning to work with the boundaries of my neurodivergence rather than constantly trying to override them.

I can honestly say I have never been in a better headspace.

It is wild how much can change in a year.

Career & Meaningful Work (8 → 9)

The year started at an 8 as I like my job, the people I work with and feel valued and well paid. While we were travelling and I was having inner turmoil about my health, I also interviewed for a new role in my company, ‘cause why not do everything all at once. I got offered and accepted the role which came with an unexpected and hefty pay rise. I officially started the role in Feb and spent the year finding my feet. The role is in the AI space which has been an interesting learning journey for me. I will likely write another post specifically on what I’ve learned so far.

I ended the year at a 9. I enjoy the work, the challenge and the learning, and I was able to preserve a reduced workweek which I need to manage my energy and quality of life.

The missing point is meaning. The work is interesting, but it does not always feel connected to the contribution I ultimately want to make. For now, though, it gives me financial stability, room to learn and space to explore what meaningful work might look like in the future.

Home & Environment (7 → 10)

The house hunt

We’ve been looking at houses since before we moved home, I was getting 2-3 emails daily with new houses in different areas. We had a certain price range in mind for the max we wanted to spend in the area. Last summer, we got an estimate for building a house both via prefab and local contractor. It was a reality check. We shifted our expectations and while we were travelling last Dec, I was scouring the map view for the area we were hoping for and came across a house we had overlooked before due to the price. Given our reality check, now the price didn’t seem so high for what it was. It also ticked almost all of both of our wish lists. I spent last Christmas daydreaming, going to bed each night visualising ourselves living there and mentally decorating with Pinterest boards.

We contacted the sellers, viewed it shortly after returning home, signed contracts a month later and moved in 5 months later.

Serendipity and synchronicities

The house had been for sale for over a year with different realtors – the price was high for the area. It had been officially sold to another couple but they broke the contract and bought in the city instead. While the sellers could have legally pursued them for breaking the contract, they felt their energy was better spent searching for buyers that actually wanted it. 

I really feel the sale fell through because it was meant for us. If you’ve read The Celestine Prophecy, this felt very much like a synchronicity. Synchronicity is the idea that meaningful coincidences appear when you’re aligned with your inner growth, gently guiding you toward the next step you’re meant to take. Right place, right time kind of thing. The idea is, the more you take note of these, the more they start to happen, like the snowball effect.

We are still both delighted with it and I’m grateful every day that I get to live here. It gives us light, space, privacy, nature and access to water, while still keeping family, schools and shops within reach.

Synchronicity number two

In our talks of what we would do with the house, Mr MH. and I had agreed that at some point in the future we’d like to change the flooring from vinyl to hardwood but since they were so new it would be a few years, if ever. 

The sellers needed a long closing date as they still needed to find a house to move to themselves, so there was always a risk of something happening between signing and closing. Two months before closing, the sellers contacted us to say the entire ground floor been flooded and all the floors needed to be replaced. Most people would have been upset but to me I actually ran in excited to tell Mr. MH we were going to get our hardwood floors and not even have to pay for it or live through the renovations. This felt very much like another synchronicity.  

In the end, the insurance company couldn’t find contractors to do the work in time for closing so we got a bank draft for the repairs and we carried out the renos ourselves. We suspected it would be Christmas before they were completed but we didn’t really need the ground floor so were ok with this. We had hoped to do the work for cheaper and bank the rest but in the end, we managed to use almost all of it but included upgrades to engineered hardwood and new tile including underfloor heating for the tile part so feel it’s worthwhile.

A 10 score

The scale description of a 10 was “sanctuary-like, inspiring and deeply supportive of life and mood.”

That is what this home has become for me.

There will always be another project. But the feeling I have when I look out at the trees or step outside with a cup of tea is “I cannot believe we get to live here.”

Money, Security, Time Freedom & Rest (5 → 8)

I rated this area a 5 at the beginning of the year because, although we were financially stable, I was carrying a great deal of fear—about my health, employment, the markets, the economy and the future of AI.

Financial security looked good on paper. It did not yet feel like safety in my body.

Mortgage roller coaster

When we moved back to Canada, we sold our home and put all of the proceeds into the stock market. We made very decent gains both in the exchange rate and the 18 months we had that money invested. Due to that recency bias, we thought we’d take a chance and leave the money in the market right up until we needed it for a house so we wouldn’t miss out on gains while it sat in cash (knowing this is against sound financial advice!).

After we committed to buying the house, the markets dropped sharply. Our closing timeline also shifted, which meant we needed the money sooner than expected. We had to sell while the portfolio was well below its recent peak, although still above what we had originally invested.

That distinction was both mathematically true and emotionally useless.

On the day we went to sell, before logging on to work, I went to put in the order, the displayed price of our largest holding suddenly appeared to fall by half! I was sick to my stomach, I ran to Mr. MH saying, the value had halved and we wouldn’t have enough to buy the house. I waited until the markets opened to place the order and they had come back up to closer to the original, a glitch it seemed, but my god, it was a test of our resolve.

The other complication was that we were only approved for a small traditional mortgage since I had hardly worked in the year we moved home and the average income for the last 2 years was a lot lower than if I had worked. There were other options for a net worth mortgage but they would have taken more time and had more hoops. 

At this time, I had a lot of fear. I was fearful about my health. I was fearful for my job security due to organizational changes. I had fear about the future of the markets due to all the turmoil with our neighbours to the South. I had fear about AI and what that was going to do to the economy. 

At the lowest point, this was no longer about returns, it was about safety.

The balancing act

Due to all this, I really wasn’t comfortable having a big mortgage, even though I know that mathematically, long term it makes more sense to have the largest mortgage and invest instead. Because of this, I also didn’t want to liquidate everything and lose out on potential market gains, even though at the time because of everything going on in the US, I really felt unsure about market growth opportunities in the next 5-10 years outweighing mortgage rates. It was a real balancing act with lots of spreadsheet simulations to figure out how much we wanted to put as a downpayment.

In the end, we settled on a downpayment of roughly half the purchase price. We also managed to save a meaningful share of that from current income before closing, which reduced the amount we had to withdraw from the portfolio.

Was it mathematically optimal? Unlikely.

Did it help us sleep better at night? Yes.

Making cash work while we waited

Once we had sold the investments needed for the purchase, we did not want the cash sitting idle. We moved it between two reputable introductory savings offers paying around 5% while we waited for closing. That small amount of admin earned us several thousand dollars.

Saving for income tax

I don’t have taxes withheld through the year, so need to set aside money for income taxes as a lump sum once a year. I found another intro offer for an investment account that offered a 10% match on monthly auto deposits up to a set amount per person, so we setup 2 accounts for both Mr. MH and myself and plan to max them out to get the full match, which reduces what I have to set aside for taxes. In addition, I chose to put it in a TFSA (tax free savings account) and invest it in low-risk bonds to hopefully make another few % (maybe being greedy and risky but we have the 10% match to cushion us – a calculated risk), hopefully this will lower my overall tax bill a little further.

Get rich quick attempt

I really struggled with the drop in net worth psychologically, even though I knew we were not technically at a loss, it was a real hit emotionally, especially with all the other fear that was going on. I decided to take a gamble on a bitcoin ETF and put a large portion of our remaining portfolio in it in an effort to make back some of the “losses”. The standard advice for any 1 stock pick is no more than 5% of your portfolio – I blatantly ignored this because I was reacting to fear and urgency. I initially thought I’d put it in for 3-6 months, make a bit of the net worth back and sell to put it back into less volatile ETF. After only a few weeks I was already up 8%, I thought, oh maybe I will just keep this as a diversification. 

Fast forward 6 months and I’m 23% down from where I bought. 

I’m not under any pressure to sell so will hang on but consider it a lesson learned. The slow boring path is the best path to consistent success. If I’d left it where it was it would be up 12% in that same timeframe. So, 35% difference, albeit unrealized.

The shift from 5-8

Despite the house purchase, the badly timed sale and my crypto detour, we ended the year modestly ahead of where we had begun. Contributions and market recovery helped, as did saving part of the down payment from income rather than withdrawing all of it from investments.

Our current investment breakdown looks like this:

Looking at Apple’s performance for the year (8.98%) which makes up 28% of our portfolio.

And VUN’s performance for the year (10.85%) which makes up 26% of our portfolio an overall increase of 5% isn’t too far off given we had to sell so much for our downpayment right at the bottom of the charts.

When I did up our expenses for the year, we spent a lot but I feel like it was spent on things we value and even with the increased spend, all going well, we are still 7 years away from full financial independence. 

From my spiritual learnings, if you are in a fear mindset, you will attract more fear or lack, if you are in an abundance mindset, you will attract abundance. 

I feel like I have shifted out of fear and into abundance. It will be interesting to see what 2026 brings as a result.

Fun, Joy & Play (8 → 9)

One of the messages I got by tapping into my subconscious during a therapy session last year was to do more of what I enjoy. This year I tried to make that a priority. 

Play became a form of regulation this year, not something earned or justified, but a way of settling my nervous system, softening rigidity, and reminding my body that it’s safe to relax, explore, and enjoy life.

In Maderia, we met up with friends almost daily to walk, eat and catch up. We ate at restaurants for the majority of the trip. 

Throughout the year I went to 3 concerts with friends or family, getting quality time in on top of the joy of music and a healthy dose of nostalgia.

I celebrated a milestone birthday in style, kicked off by going to see Hamilton on tour with a friend, then a family day at the lake, a full spa day with some favourite people at a large outdoor spa and a weekend away with Mr. MH where we got dressed up and went to a Michelin Star restaurant. 

I made jigsaw puzzles. I played and finished several video games. I listened to podcasts and read books. I paddleboarded, spent time in nature, cuddled kittens, went to the cinema and shared meals with people I love.

The only room for improvement here is for creativity and play without the goal of something productive. I have been getting so many nudges that this is something I need to focus on. So many books and podcasts have reaffirmed the importance of creativity and play. The consistent insight is that creativity and play are not tools for output but states that calm the nervous system, reduce anxiety, restore a sense of aliveness, and reconnect us to meaning simply by being engaged in them. This is something I need to work on.

Personal Growth, Learning & Spirituality (8 → 10)

There is so much overlap between personal growth and spirituality, I’m combining the update on those.

These categories were already pretty strong due to the work I’ve been doing in therapy and self-discovery in the inordinate amount of reading and podcasts I’ve listened to on neurodivergence, parenting and general health and wellbeing. A new special interest. I’ve done a lot of trial and error in terms of finding what works for my nervous system and what doesn’t.

This year I continued on this path but expanded into spirituality. I might write a longer post on my experiences here but suffice to say I feel much more connected to a greater consciousness and grounded in myself. 

I completed courses on meditation, energy work and breathwork that helped shape my practice through the year. I also attended a local yoga and wellness retreat.

Some of the books and audiobooks that influenced me included:

• The Celestine Prophecy
• Miranda Hart’s I Haven’t Been Entirely Honest with You
• Martha Beck’s Beyond Anxiety
• Dolores Cannon’s Between Death & Life
• Lee Harris’s The Future Human
• Deepak Chopra’s Digital Dharma
• Sara Landon’s You Are a Channel

I listened to over 100 hours of podcasts, mostly the Mayim Bialik’s Breakdown Podcast and the Telepathy Tapes which cover the crossover between spirituality and science with topics ranging from nutrition, sleep and fitness to transindental and near death experiences, meditation, somatic work, quantum physics and connecting to a higher consciousness.

I’ve also been doing a lot of self-directed learning for work on AI through courses, podcasts and reading.

Family, Parenting, Friendships & Community: (6 → 7)

Family

This category is a little lower, mostly because of lack of time available to obtain the 10 score for deep, reliable, and nourishing relationships.

For part of the year, several family members lived close enough that spontaneous connection was easier. We could meet after work, walk together and let the smallies spend time together.

After our move, several demanding commitments landed at once: work, study, renovations, school-year logistics and learning how to maintain a new home. Weekends became a rotating festival of errands, laundry, cleaning and house tasks.

By the time the most intense period passed, we were catching up on seasonal maintenance and then sliding into winter hibernation mode with the cold weather, but I’m hoping that over the holidays we can start getting back into the morning walks.

Parenting

Like most parents, we are doing the best we can with the tools and capacity we have. I feel like the work I have been doing on myself has given me more capacity to be more present and patient as a parent. Understanding my own neurodivergence, I’ve tried to make our home neurodivergent friendly and supportive. Doing our best to help Little MH feel safe, curious and supported with whatever he encounters in life.

Friends

We did get to the city a few times for a few dinners with friends, had people to our house in the summer, and mixed in catch ups with concerts and spa days.

Community

Community wise, we went to a few events at our local community centre and met more of the locals, there is a local walking group that meet a few times a week that we’ve started going to which is a nice way to meet more locals and hear their stories.

I also started a monthly book club for a few neurodivergent friends which I setup and summarise the books for discussion.

Partnership / Love (7 → 9)

Solid ground

I feel like because of the work I did in therapy, our relationship started off the year on solid footing, somewhere between a score of 5-10 where 5 is functional, with effort required to maintain harmony and 10 is supportive, loving, and balanced partnership built on trust and presence. While I feel like we mostly always fit the 10 description, there are times when we need to work harder on connection. 

Connection

I also feel like we have a strong score that improved through the year as we tried to make time for connection with things like morning walks together before work and day dates or quality time when our son is in school and I’m off. This is obviously helped by our decision to live off 1 income, it massively helps with balance, energy availability and distribution of family and house workload. That being said, life is still busy and habits can slip so we have to keep making efforts to prioritise connection.

The thing we will focus on in 2026 will be trying to find a way to shift my sleep cycles so we have more overlap. I go to bed when our son goes to bed, leaving no time for ourselves to connect in the evenings. My sleep has been improving somewhat with the vitamin D. With the increased quality, I think I could stay up a bit later or take a longer break from work in the afternoons before our son gets home from school and then work a bit later. I also need to exercise more which should also help with energy and sleep, giving more capacity for everything else in life.

Final reflection

All in all, 2025 didn’t bring much growth in net worth, but considering we bought our dream home, weathered a turbulent market and made a few less-than-brilliant investment decisions, ending the year steadier still feels like progress.

The bigger growth was in how I think about safety and success. At the start of the year, safety meant having the right number in our portfolio and trying to optimize every financial decision. By the end, it meant feeling calm enough in my body to make decisions without fear running the show.

Health became less about powering through and more about having the energy and capacity to actually enjoy my life. “Enough” started to look less like squeezing every possible return out of our money and more like having a home we love, time together and a life that feels good while we’re living it.

Money, work, home, relationships and time all shifted in a way that feels calmer and more intentional. I’m definitely not claiming that I now make every decision from a perfectly grounded place (hello Bitcoin) but I feel much less driven by fear and urgency than I did at the start of the year.

That feels like pretty meaningful progress.

How did your year fair on the wheel of life?

Preamble: This year, my money mindset shifted significantly from one of scarcity to one of abundance. Even when I was off work, we had money coming in, largely from a tax rebate, but it helped to shift my mindset that we probably need a lot less than we think. At the same time, most of the FIRE bloggers I follow who have been FI for a while, have more money than they retired with, some have more than they will ever spend in their lifetime while others are actively trying to spend more and be less frugal. Having read this, in combination with the fact that our portfolio has reached a point where no matter what approach we decide to take, we will reach full financial independence within the next 4-12 years, I thought, let’s try to enjoy the journey more, spend what we want when we want (without spending more than I earn), and see what that comes out as.

Turns out, a lot more than I anticipated!

Total spend in 2024 came to:

CAD$86,600 or €58,400

While this is $7.6k (€5.1k) less than last year, it’s $23k (€15k) more than I had estimated I’d spend in last year‘s post. The increase was largely due to our second trip to Ireland/Madeira within the same 12-month period. 2023 was higher because we moved continents but we had expected that to be very much an anomaly.

This is the benefit of doing expenses. It gives you a chance to look back and see how it sits with you and highlights areas that you could try to do better in.

Not included in this figure are taxes related to income.

Overall Spend

Here is a summary of the main categories by annual and average monthly spend in both Euro and Canadian Dollar.

EURO

CAD

Food

Food costs are 16% or 3,100$ (€2k) higher than last year.

I changed how I categorised food slightly this year, in that I combined the food/drink sub-category from travel into the main food category as I wanted to more easily see total food spend. This is partially also because we don’t really take vacations anymore and when we travel I’m still working so it’s more of an everyday spend rather than vacation spend. Even accounting for this change, we spent $3k (€2k) more on the grocery category than last year.

Our grocery category came to $18k (€12k) and includes everything you’d buy at the grocery store including alcohol, toiletries, cleaning products and the odd non-food items like small tools, toys, clothes etc. Though I do try to separate those into categories as best I can.

Grocery spend was about 3k (€2k) more than last year and we spent 1k (670€) more on restaurants, mainly because we ate in a restaurant almost every night while we were in Madeira. On the upside we spent 400$ (270€) less on take-aways.

We’re not sure what the main source of the increase in groceries is. It’s likely a combination of more food bought while travelling, more food being bought at more expensive shops due to quality and convenience issues, food being more expensive in general and eating fewer vegetarian meals.

We were doing most of our weekly shop at Walmart (generally cheaper and if you order online and have the honey app in your browser you can often find coupons that give you 15-20$ off each order) but the quality of the fruit and veg was getting progressively worse, despite us or maybe because of us, selecting organic as much as possible. It’s also a 35 minute drive compared to a 25 minute drive to the more expensive shop. The food in Canada is far less fresh (and less tasty) than Ireland, due to the distance it has to travel and has far fewer regulations than the EU on what can go into and onto the food. Due to longer term health concerns we started getting more from a more expensive shop as they had a greater selection of organic and local fresh food. After all, what good is being financially independent if you are in poor health!

Although we’re eating more meat than previous years (more out of habit than intentionality), we still do try to eat as little red meat as possible, which helps on cost (and is better for health and the environment). We typically buy non-hormone grass-fed chicken breasts in bulk and split them up and freeze them and swap beef mince for pork or turkey mince as well as steak for pork steaks etc.

All that said, I think we’re going to make a better effort to bring these costs down this year. We’ll try to build in some big batch slow cooker meals that we can freeze including more veggie options and try to balance out what we get at the cheaper and more expensive shops.

Another consideration in terms of cost is that the cash back reward credit card that we have gives 4% cash back on groceries, however, Walmart doesn’t get categorised as groceries as you can buy so many other types of things there. So while shopping online with the honey app gave us 15-20$ off per week at Walmart, we were only getting 1% cash back on the credit card. The more expensive shops (IGA/Independent) do count towards the 4%. So if we spend $12k (€8k), we’d get 480$ (324€) cashback compared to 120$ (81€) for the same spend at Walmart. But when you include the honey app discounts, those could equate to 60$ (41€)/month or 720$ (486€) for the year, meaning Walmart could be 300-400$ (200-270€) less/year on rewards/coupons alone.

If we convert the full annual food spend of $20k (€13k) into cost per person per week – assuming 2 adults and 1 small fella (I’ll average at 2.75), it comes to 140$ (95€)/week/person or 384$(260€)/week for the family.

Monthly Bills

Monthly bills were 4k (€2.7k) more than last year, largely due to a full year of paying rent – last year we had a small mortgage for half of the year. Electricity was about 500$ (338€) less than last year (when you combine gas and electricity) – we now heat with electricity and Quebec has cheaper electricity. Internet was 60$ (41€) less. Mobile was 60$ more.

Travel

Travel was $6.7k (€4.5k) more than last year at a whopping 17,751$ (11,974€) and last year’s amount included $2.7k (€1.8k) of food that has moved to the grocery category this year. This difference is because of how our travel fell in the calendar year. We were in Ireland/Portugal in Feb-Apr 2024 (2.5 months) and then again from Dec ’24-Feb ’25 (1.5 months). The costs for the 24/25 trip were largely spent up front in 2024, so this cost largely represents 4 months of travel in Europe, averaging 4,437$ (3k€)/month just on flights/accommodation and transport while travelling. Having seen this amount, we are turned off of travel now for the next 12 months!

The biggest cost was accommodation at $10k (€6.7k). Breakdown below:

The next biggest cost was the flights for the 3 of us at 3,950$(2,665€). 220$ (148€) for the one-way tickets from Faro-Cork in Feb 24, 3k (2k€) was for the return Ottawa-Toronto-Dublin flight and 580$ (391€) for the return flight from Dublin to Madeira.

Transport was the third largest at 2.5k (1.7k€). We rented a car while we were in Ireland for the whole duration. In the past we would have relied on public transport and friends and family to ferry us around but now that we have a kid, more luggage and are staying for much longer periods, we feel this expense is worth it. It enabled us to see more of friends and family too as everyone is so spread out now. The car rental for the first trip was 1,558$ (1k€) so about 51$ (34€)/day. We used our Canadian credit card to book this which includes car rental insurance as a benefit to reduce the cost, though it was tricky enough to get them to accept this which I wrote about here. Another 300$ (200€) was spent on Ubers and public transport in Portugal and 400$ (270€) went towards the car rental for the second trip, the rest of which will be covered in the 2025 spend post.

Home

We spent 4,500$ (€3k) less on the Home category than last year as last year we had to replenish a lot of electronics that we had to leave behind in Ireland. We spent a total of 5,377$ (€3.6k) in the Home category in 2024. This included things like: furniture (dining table, bed frame, wardrobes), garden stuff (hub tub supplies, lawn mower, pressure washer, umbrella), accessories (lamps, teacups, ikea stuff), renter’s insurance, maintenance stuff and purchase costs (planning permission application).

Transportation

Transport costs were 600$ (€405) less than last year at 4.3k$ (€2.9k) for the year.

Petrol was 200$ (135€) less than last year at 1.7k$ (€1.1k), this is with a newer hybrid car and driving further distances than we did in Ireland as we are more rural. Car insurance was more as we didn’t have the offset of the refund from our Irish policy at 1.5k (€1k) for the year. Car repairs and maintenance was lower at 700$(473€) for the year as we didn’t have to buy winter tires this year. Most of that cost was because we had to put out for a new windshield, we drive along a lot of dirt roads and stones get spit up and crack the glass. We’ve already had to get 2 more chips on that new windshield fixed 6 months later.

Medical

Medical costs were 2k (€1.3k) lower than last year at 3.7k (€2.5k). We didn’t have to pay for health insurance as returning residents and didn’t have doctor/assessment costs like last year. I did pay more for therapy in 2024 ($1.7k or €1.1k) and prescription costs were higher ($1.3k or 880€) as not all diabetic supplies are covered. We also had nominal dentist and optician costs.

Entertainment

Entertainment was pretty much the same as last year with variances of $100-300 (€68-200) between different sub-categories. Biggest spends being alcohol (789$ or 533€), video games (743$ or 500€) and spa visits (591$ or 399€).

Other

The remaining categories were largely between 1,000$ (670€) and 2,000$ (€1.3k) each.

Work expenses being the highest at $4k (€2.7k). Includes things like indemnity insurance, some office furniture and a new phone.

Special occasions came in at $1.9k (€1.2k) for a family wedding including clothes, gift, accomodation etc.

Giving includes mostly Christmas and birthday gifts and some charity donations at $1.6k (€1k)

Kids stuff came in at $1.4k (950€) including 400$ (270€) on toys (lego, board games and swing), 370$ (250€) on clothes, 190$ (130€) on school stuff, 100$ (68€) on activities and smaller amounts on books and medical.

Another $1.2k (800€) was spent on personal stuff like clothing, toiletries, haircuts and accessories.

1k (680€) was stuff I couldn’t categorise as I couldn’t remember what it was for.

Blog costs came in at 600$ (400€) for domain and subscriptions to run the website.

Health costs include things like classes and exercise equipment (300$ or 200€).

Bank charges came in at 418$ (282€) to the good as we got 787$ (532€) cash back from our credit card which offset the other monthly and annual bank and credit card fees.

Goals for this year

As I’m writing this at the end of June 2025, we are already halfway through the year. I started writing this post back in March when I had first done up our 2024 expenses and it was a bit of a wake-up call. If we continued at that level of spending, our time to FI would be pushed out by a few years.

Since March, we have signed a contract of purchase on a house (more on that to follow), and have been trying to keep our spending in check to try and put as much against the downpayment as possible. So far, our average spend for the first half of the year is 4,800$ (3,000€)/month at current exchange rates. If we can keep that rate going, adding in 8k for travel, that should bring us in around the 66,000$ (€42k) mark for the year. Will see how we do.

As you may have read, we moved back to Canada to be closer to family in June 2023, largely for mental health and support reasons after the pandemic took a major toll on my state of mind. That decision has still firmly been the best decision for our family for this chapter of our lives.

I’m so enjoying the connectedness and community we’ve found here. We’ve reconnected with old friends and even made new ones. I’m loving being surrounded by nature and we’re adapting to remote country life. It’s also nice having 4 distinct seasons again. Not to mention the main reason for moving back, so much more time with family.

Work

I started back to work in Dec 2023 after having been off for almost 18 months. I managed to find a way to continue working for the Irish company I had been working for remotely so it’s been really nice getting to work with my colleagues and friends I’ve built up over the last 10 years of working there.

The time difference actually works out really well, in that I have meetings pretty much back to back each morning until about noon and then everyone logs off in Irish time and I have my whole afternoon uninterrupted to focus and get things done. When the team logs on again, they have my outputs waiting for them.

I’m still on a 4-day work week which gives me the balance I need to manage my energy and allows Mr. MH and I to have a day a week to ourselves while Little MH is in school.

Just this week I started a new role in the same company, which I’m quite looking forward to.

Travel

In the year and a half since moving back, we’ve done a good bit of travel, including 3 weeks in France, 2 trips back to Ireland totalling 2.5 months, 1 month in Portugal and 2 weeks in Madeira. I worked through the vast majority of these trips which were a trial run to see what that was like and if it’s something we’d like to do more of.

Some Irish Pics

Some Madeira Pics

Time-off

This summer, I took all of August off and went down to a 3-day week for June and September. The time off consisted of lazy days, reading books, making puzzles, listening to podcasts, catching up with friends and family, walks in the countryside, activities with our son and many trips to paddle board on the lake. I even went white water rafting!

House hunt

We’ve actively been exploring housing options, which have ranged from applying for planning permission to sever a piece of land from my parent’s farm to build, to looking at sites to buy and build, to buying a fixer upper, to buying move in ready homes. We looked at building with a builder as well as at pre-fabricated/modular homes. I filled out applications, met with municipal teams, builders and pre-fab reps, drew up floor plans and so on. We’ve now gotten mortgage approval in place so we can be ready to move on something if the right home comes up. We have our eyes on one so will keep you posted if that goes ahead.

Health

Health-wise, I’m still very much on a healing journey, consuming massive amounts of content and attending virtual summits on neurodivergence, perimenopause, parenting and general healing. Most of my reading results in implementing new tools or ideas and trying new therapies which can be draining before they yield results. Mentally, I’m in a really good place but still have deeper work to do to heal from past trauma and continue to find effective coping mechanisms for the neurodivergent traits I continue to struggle with.

Sleep wins

I’ve made massive progress on my biggest struggle which was quality sleep. This is a huge win. It took lots of trial and error but I have finally found a reliable solution that has resulted in a huge increase in the amount of quality and deep sleep I am getting. In addition to all the other good sleep habits I had to put in place, melatonin has been the game changer.

Studies have shown that autistic people can have low levels of melatonin or have melatonin that’s released at the wrong time of the day and after reading that I felt more comfortable trying it out to see if it helped. It has helped more than all the other things I tried combined. That is until perimenopause kicked in with a nice dose of insomnia and night sweats, though hoping to get treatment for this soon too.

With the melatonin I went from 0-15 minutes of deep sleep a night and an average of 5 hours quality sleep a night to 1.5-4 hours of deep sleep a night and an average of 7.5 hours quality sleep a night.

I also tried an alternative sound therapy, specifically targeted at exercising the vagus nerve and engaging the “rest and digest” parasympathetic nervous system which is particularly frayed in neurodivergent people. This involved listening to 30 minutes of filtered music per day for 10 days with guidance from a therapist. From day 1, my sleep was as good if not better than with the melatonin, and I awoke feeling consistently rested, probably for the first time in my life. Unfortunately, I also started having other side-effects like nausea, headaches and tinnitus which have continued since I did it. Part of me thinks these are my body’s way of processing stuck emotions/trauma and I have to push through to come out the other side, similar to how you get sick as soon as you stop working after a busy period, you’re body feels safe to let it’s guard down. So I may do another round at a slower pace to see if it makes a difference. On the other hand, these are also symptoms of perimenopause so it’s hard to determine which is which.

The increase in quality sleep didn’t result in any massive energy changes for me but I do have more capacity for things throughout the day, I have more stamina and get drained less quickly than before and I largely stopped needing a nap to get me through the day. It also stopped the extreme exhaustion I would get in the 3 days coming up to the end of my cycle. So all in all a win I think.

Portfolio

Portfolio performance wise, we couldn’t have asked for a better year, with the portfolio closing out at 30% growth between Jan-Dec. This meant that the portfolio earned more than I did this year. Blue line is contributions (we didn’t make any additional contributions in 2024), green is growth.

Family news

Also this year we had a family wedding and my immediate family will soon all be within a 35-minute drive from each other which I’m super excited about.

Onwards and upwards for 2025.

In my usual hyperfocus mode – I’ve devoured a decent amount of content that I’d like to summarise including what perimenopause is, its symptoms and things you can do in your 30s to reduce effects, live longer and increase vitality. I am obviously not a doctor and am just compiling a summary of what I’ve read (sources below) – please consult a relevant professional before implementing anything. This 20-minute read consolidates the key take-aways from a number of hours of content so hopefully it’s of use.

To put a financial independence spin on it, studies show that 1 in 5 women will quit their jobs because of menopause symptoms. That’s a staggering number with a huge economic impact on the women themselves, their families and the companies they work for. I also think that striving for financial independence at a younger age will allow for the time needed to implement the various strategies to reduce the symptoms of menopause before they occur.

Definitions:

Menopause:

Menopause is currently defined as one day, exactly one year after your last period. It represents the end of ovarian function. Women are born with all their eggs (1-2 million at birth), by 30 we are down to 10%, by 40, 3% and the quality is declining. Menopause is when no eggs are left. No or very little sex hormone production will come from the ovaries, and estradiol levels decline to about 50% or less of your healthiest years.

Perimenopause:

The time leading up to menopause. Hormones wildly fluctuate causing psychological and physical changes to occur, including the length of time between periods.

Postmenopause:

This starts the same day as reaching menopause. Despite no longer having periods, varying degrees of symptoms still occur. Hormonal swings settle down and some symptoms may improve. However, with the absence of estrogen, women face increased risks for heart disease, osteoporosis (bone loss) and dementia. Because of increased life expectancy, women can expect to spend 40% of their lives post-menopause. Keep reading to see what you can do to reduce these risks.

When can it start:

The average age of menopause is 51-52 but can range from 45-55.

Perimenopause starts 7-10 years before the last period – or 8-11 years before you reach menopause since menopause is 1 year after your last period.

So you could well be 34 when you start to experience perimenopause symptoms.

What’s really going on:

Before getting into the symptoms, this is the science bit about what is actually happening in endocrinology in the body.

A normal healthy menstrual cycle before menopause has a reproducible monthly rise and fall of estrogen, progesterone and brain hormones LH (a chemical in your body that triggers important processes in your reproductive system), FSH (a hormone your pituitary gland makes and releases that plays a role in sexual development and reproduction) and GnRH (the key regulator of the reproductive axis).

The hypothalamus in the brain has a sensor looking for estradiol levels and when they get low it sends GnRH down to the pituitary which sends out pulses of LH and FSH which tells the ovaries to ovulate. The process of ovulation drives estrogen levels back up.

When we reach perimenopause, the egg supply is low and the signals don’t work as well. We start becoming resistant to the LH and FSH surges so the brain sends more FSH and the ovary eventually gets the egg out but sometimes it’s delayed so the timing of the previously predictable cycle gets out of whack. Sometimes they are closer together, sometimes further apart.

Estrogen and progesterone levels start changing dramatically. Estrogen surges are much higher than before and lows are lower than before.

Hormonal chaos.

This is why there is no reliable blood test to diagnose menopause. Most are diagnosed through symptoms.

In regards to hot flashes (vaso motor symptom), these are caused by a dysregulation of the thermoregulatory centre in the hypothalamus, the thermostat gets reset and causes vassal dilation. It starts in the core somewhere in the chest/neck area and goes up into the neck and out into the extremities, then you start sweating profusely from all the blood vessels dilating which can last minutes. For some women, it’s preceded by palpitations or intense feelings of dysphoria/ sadness.

Symptoms:

Symptoms vary from person to person both in the symptom itself, the duration and the severity of it.

Approximately 85% of women experience menopausal symptoms. 25% of women experience severe symptoms, 25% find symptoms to be mild and the remainder are somewhere in between.

That said, before you get too discouraged, there are actions you can take both before you get there and when you’ve reached perimenopause to better manage and even reduce these symptoms. An ounce of prevention is worth a pound of cure.

As you will see by the list below, menopause can mimic other ailments/diseases so it’s important to rule those out first so you’re addressing the correct root cause. To help your doctor, it’s important to track symptoms over a period of time to see trends and cyclical activities.

The biggest early indicator is mental health changes. The brain does not like the chaos of the hormonal swings. Neurotransmitters are very sensitive to estrogen, progesterone and testosterone. These swings can result in deviations from normal levels of serotonin (influences learning, memory, and happiness as well as regulating body temperature, sleep, sexual behaviour and hunger), norepinephrine (mobilizes the brain and body for action) and dopamine (motivation, feel-good hormone). As the hormone swings become chaotic there is an increase of at least 40% of mental health disorders.

Changes can look like: suddenly feeling less optimistic, increased anxiety/panic attacks, loss of executive functioning/ADHD-like symptoms (brain fog, loss of words, difficulty concentrating, not being able to do calculations) which result in a lack of confidence at work (see stat about women leaving the workforce above).

Other symptoms can include:

• Acid reflux/GERD worsening
• Acne
• Allergies (new, different)
• Atrophic vaginitis/genitourinary syndrome of menopause GSM (or vaginal atrophy, drying and thinning of the vaginal walls)
• Balance issues
• Bloating
• Body odour (changes)
• Body aches (random come/go)
• Breast soreness
• Brittle hair and nails
• Burning mouth (decreased saliva)
• Cold flashes (more common at night)
• Depression
• Digestive problems (IBS, bloat, gas)
• Dizziness (vertigo)
• Dryness (skin, mouth and eyes)
• Exaggerated PMS symptoms (bloating, breast pain, cramps)
• Fatigue
• Gum/dental problems
• Hairloss
• Headaches
• Heart racing/palpitations (irregular heartbeat)
• Hot flashes
• Increased cortisol levels (slows digestion/contributes to constipation)
• Increased hair growth on other areas of the body (face, neck, chest)
• Increased tendon and ligament injury
• Intolerance to some foods (changing tastes)
• Irregular periods (missed periods, longer/shorter, heavier/lighter, flooding, spotting, clotting, dark/different coloured blood)
• Itchiness (overall skin, also links to paresthesia)
• Low/decreased libido
• Memory lapses (brain fog, forgetfulness)
• Migraines
• Mood swings (crying jags/sadness, anger/rage)
• Muscular skeletal issues: hip pain, joint pain (stiffness, frozen shoulder, increased inflammation), back pain with no related injury
• Muscle tension
• Muscle mass loss (sarcopenia)
• Nausea
• Night sweats
• Osteoporosis (reduced bone density)
• Reduced ability to process alcohol, drastically impacts sleep
• Restless Leg Syndrome
• Sense of smell changes
• Skin crawling (feeling something crawling on your skin)
• Sleep disruption (lack of sleep)
• Spatial awareness changes (proprioception, more clumsy)
• Stress incontinence
• Swelling of hands/feet
• Thyroid changes
• Tingling extremities
• Tinnitus
• Unexplained irritability
• Urinary Tract Infections (UTIs)
• Weight gain (low estrogen levels promote fat storage in the belly area as visceral fat)

In addition, if you have any existing conditions like IBS/GERD, arthritis, inflammatory diseases, ADHD, autism or bipolar, the symptoms of those conditions can also be further aggravated/worsened.

A lot of neurodivergent women are getting diagnosed for the first time in perimenopause as symptoms are so exaggerated and the coping mechanisms they’ve cobbled together over the years are no longer effective.

Other Important Notes:

Estrogen is protective.

Loss of estrogen accelerates the path to cardiometabolic diseases. Risk of heart disease, osteoporosis and stroke increase post menopause due to loss of estrogen.

Estrogen is neuroprotective

The longer your body is exposed to estrogen (natural or otherwise), the higher your cognition scores and the healthier the brain. The decline in estrogen is correlated with neurodegeneration.

The older you are when you go through menopause, the healthier you are for cardiometabolic disease.

Certain factors can cause you to go through menopause sooner including:

• If you smoke
• If you don’t have children (more ovulation runs through supply faster)
• If you have a hysterectomy without removing ovaries, you lose 4 years off the life of your ovaries
• If you have tubal ligation, you lose a year and a half
• If you’re African-American, you can go through a year and a half sooner
• If you have chemotherapy
• If you have surgery
• If you have any inflammatory process in the abdomen (irritable bowel or endometriosis) you will lose some of the life of the ovary

On the flip side, you may go through menopause later if you:

• Are Asian (1-2 years later)
• Have taken birth control that stops ovulation for 5 years or more (can push out by about 9 months) – that said there are many other considerations around the pill that should be considered.

Body composition changes in perimenopause without changes in diet or exercise.

Pre-menopause, about 8% of your fat is visceral (fat around your internal organs), after the transition it shifts to 23% without changes in diet or exercise. Visceral fat is a harbinger of chronic disease. We also lose muscle. The muscular-skeletal system (bone and muscle) works together, muscle controls our basal metabolic rate which determines resistance to insulin so muscle loss causes all kinds of issues.

Visceral fat is hard to lose.

It’s possible to lose but it’s hard work. The more you can reduce this BEFORE you go into perimenopause, the better your outcomes will be.

There are scanners that can identify how much visceral fat you have but a rudimentary method is to measure your waist-to-hip ratio. Take the measurement of your waist and divide it by the measurement of your hips. If it’s less than 0.7 then your chance of having clinically significant deviations in visceral fat are low. If greater than 1, you likely have higher levels of visceral fat.

Hormone replacement is better than anti-depressants to treat menopause-related depression.

Currently, SSRI use doubles across the menopause transition, however, data is now showing that hormone replacement therapy lowers the onset of depression and is a better treatment than SSRIs if depression has occurred as it treats the root cause which is a drop in estrogen.

Research into perimenopause is lacking.

If you go to PubMed – a source of 37 million citations for biomedical literature from MEDLINE, life science journals, and online books – and type in pregnancy, 1.1 million articles come up, menopause brings up 97,000 and perimenopause brings up 6,400.

Women are living longer than men but 20-25% of that is in poor health.

The higher your protein intake, the less likely you will be frail in old age.

When your mother or aunts went through menopause and any medical conditions they experienced are a big indicator of when and how you will experience menopause.

Loss of sex hormones in menopause changes the gut biome from a typical female microbiome to that of a male.

Changes in the gut microbiome can result in result in all kinds of changes. You could be eating the same foods as before but your gut is not handling them as it used to. More bloating, insensitivities etc.

Intermittent fasting can make it hard to intake the volume of protein we need to maintain muscle mass.

Metabolizing protein is its own work so it’s best to spread it out throughout the day. It’s best to break protein intake into nuggets throughout the day. Don’t just have a big protein portion at dinner. Have bits at breakfast and lunch too. Fasting can make it hard to do that.

50% of women will have an osteoporotic fracture before they die

Men are about half that.

If you break a hip over the age of 65 you have a 30% chance of death in 1 year with surgical repair, and a 79% chance without surgery.

Reduce this risk by strengthening muscles and bones. Do resistance training 3 times a week. Eat more protein. Take collagen and creatine supplements.

Any women at any point in the menopause journey has a 50% sexual dysfunction rate.

Meaning she is not happy with whatever is going on. This can be delayed orgasms, lower orgasm peaks, loss of elasticity in the skin resulting in painful sex, lack of arousal symptoms, relationship disorder (don’t love your partner or don’t feel supported), low libido etc. See solutions below.

Solutions:

In general, the healthier you are going into perimenopause, the better the course is going to be for you.

Here are some of the things you can do, both before and during perimenopause to reduce symptoms.

• Nutrition
  • in particular a Mediterranean, anti-inflammatory diet, estrogen is an anti-inflammatory hormone, so in perimenopause, that declines and we lose that protection, diet is one of the most important things that determines your level of inflammation
  • most of your food should be unprocessed/minimally processed which allows you to get plenty of vitamins, minerals, probiotics and micronutrients that we all need for physical and mental health
  • more fibre (fruits, veggies, whole grains, beans and legumes): most women are getting 10-12 grams a day, we need at least 25. Fibre feeds the gut microbiome slowing down glucose absorption, pulls more water into the gut and all kinds of other health benefits. A good guide is to eat as many different plants in as many colours as you can as often as you can. Here are some tips on how to get 25g of fibre a day
  • more probiotics: prebiotics (fibre) + probiotics (fermented foods/yogurt) = postbiotics (health-inducing compounds produced by gut microbes). The probiotics introduce healthy bacteria for our gut microbiome, the fibre acts as a fuel to feed those healthy gut bugs and together they create a healthy gut microbiome which has all kinds of health benefits including reduction in menopausal symptoms. Although you can take probiotic supplements, the best and most effective will be what you eat. Probiotics can be found in things like sauerkraut, kimchi, miso, yogurt, unpasteurised fermented pickles etc.
  • more protein: as above, we need to maintain our muscle mass. Protein helps build muscle. Women are generally getting 50-60 grams a day. We likely need 80-120 depending on body composition or 1g per pound of body weight. Here are some tips on how to get there
• Sleep (good sleep hygiene/routine)
  • If you have a good sleep hygiene and routine already established going into perimenopause it can help reduce symptoms
  • If you’re having hot flashes or other sleep disturbances, things like hormone therapy can help to get the thermal regulatory centre and serotonin levels back to normal
  • If you’re on HRT and still having middle-of-the-night awakenings, racing thoughts or get up to pee and can’t get back to sleep, something like progestin might help to settle down the brain
  • For better sleep, cut out alcohol or at least know that if you are choosing to drink, you are choosing alcohol over quality sleep
• Regular exercise (in particular resistance/strength training)
  • Diet and exercise with the goal of being thin can actually chip away at bone and muscle strength needed to stay fit into old age. Research is now showing that everyone, male, female, young, old, should resistance train at least three times a week
  • Use of a weighted vest may be an easy way to start building this in while walking
• Stress reduction: Keeping cortisol levels down will make you healthier in every other way
• Supplements: Vitamin D, Creatine for muscle (5g/day), Bioactive collagen for bone density
• Acupuncture: This can help reduce symptoms but is expensive and not addressing the root cause which is a decline in estrogen

For sexual dysfunction:

• Vaginal estrogen therapy can help where sex hurts
• Viagra can help where you want to do it but the blood’s not getting to where it needs to go
• If your relationship is struggling, therapy can help
• If you previously had a good libido, you have a good relationship with your partner and it doesn’t hurt, then testosterone can help

Mental health:

This last one is a hunch of mine based on what I’ve read in books like The Myth of Normal and accounts of women who have gone through menopause, so take of it what you will, but I do believe that any unresolved mental health issues, be it trauma or unprocessed emotions or grief to name a few, will come to the surface in menopause. So any work you can do before you reach perimenopause in respect to counselling or other therapies to process and release those emotions will only help to reduce symptoms and make you more resilient.

Some studies show that neurodivergent women will experience menopause symptoms more severely. My gut tells me that part of this is because neurodivergent women typically experience more trauma and have a very low window of tolerance in their nervous systems. As a lot of women are late diagnosed, it is also unlikely we will have done the relevant therapy to process and release that trauma or built up resilience in our nervous systems, hence the experience of increased symptoms in menopause. Again, just a theory but I’m hoping that the work I’ve done in this space will pay off.

Hormone Replacement Therapy

That WHI study:

Hormone replacement therapy got a bad reputation resulting from the misrepresentation and misinterpretation of a medical study that was completed by the WHI (Women’s Health Initiative) in 2002.

The data that caught the headlines was misinterpreted and stated that HRT causes a 25% increased chance of breast cancer but in actuality, the absolute risk was an increase of 0.8%. In addition, the study was done on women who were already 10-13 years post-menopausal which can be argued were already past the point of the preventative benefits that estrogen can provide.

Unfortunately, many doctors and even specialists are now refusing to prescribe HRT because of this study. You may be able to find supportive physicians in your area here.

In contrast, in 2020, a different study found that women who started HRT between 50 and 59 had a 50% decreased risk of cardiovascular disease and death from cardiovascular disease and all-cause mortality. Estrogen is better at prevention than cure. It’s protective of the coronary arteries so taking estrogen away, we lose that protection and disease and plaque can start to build up so there is a worry that adding estrogen once you’ve developed sclerosis or plaque might loosen the plaque which can lead to slightly increased risk of stroke so it’s important to get the right tests and scans before starting.

HRT or not?

Not every woman will choose HRT but every woman deserves an informed conversation about it and let her make her choice.

It’s a bit like when I took Little MH for his vaccines – there is a booklet that says getting this vaccine has these risks but not getting the vaccine and actually catching the disease has these much greater risks up to and including death.

So HRT has a small risk of breast cancer but lack of estrogen increases cardiovascular disease, diabetes and insulin resistance and increased cholesterol. Statistics show that the most common cause of death of women is cardiovascular disease, heart attack or stroke. So framing it this way can help to shift the perspective.

On cholesterol: 80% of women will have abnormal cholesterol levels through menopause. Elevated LDL and lowering HDL means greater risk of cardiovascular disease. Statin is typically prescribed. In 2020, it was found that Statin does not decrease risk of primary heart attack in women (though it does for secondary) and does not decrease risk of death from cardiovascular disease but as above, if given in the right window of opportunity, HRT does.

Side note:

The difference between low-dose birth control pill and high-dose hormone replacement are not that far apart.

Heart Attack Signs in Women

On the topic of heart attacks, did you know women are much more likely to die in a hospital setting from a heart attack than a man because we don’t present the same symptoms as men do?

Women experience more psychological symptoms rather than the biological symptoms that men do. As a result we are more likely to brush them off and delay going to the hospital.

Symptoms can include:

• Neck, jaw, shoulder, upper back or upper belly (abdomen) discomfort.
• Shortness of breath.
• Pain in one or both arms.
• Nausea or vomiting.
• Sweating.
• Lightheadedness or dizziness.
• Unusual fatigue.
• Heartburn (indigestion)

Sources:

• Andrew Huberman Podcast with Dr. Marie Claire Haver
• The menopause wiki
• Fibre Fuelled by Dr. Will Bulsiwicz
• The Myth of Normal by Dr. Gabor Mate and Daniel Mate

Planning

This 6 week workation was part of 2.5 month workation between Portugal and Ireland. See details of the Portugal portion here.

Flights

Per the Portugal update, we booked the below route for about 2,872$ (1,967€)

• Montreal – Lisbon return (2,424$/1,660€)
• Bus Lisbon – Portimao (80$/55€)
• Faro – Cork 1 way (214$/147€)
• Dublin – Lisbon 1 way (154$/105€)
• Lisbon accommodation 2 nights (Free via homeexchange)

Accommodation

Accommodation in Ireland is expensive and hard to come by. It took a good bit of searching but we managed to find a lovely spot close to the sea. As it was not in the city we also needed to rent a car to get around which added to the expense.

Sites I checked to find accommodation:

• Daft.ie – search for short term rentals or holiday homes
• Homeexchange.com
• Booking.com
• Hogans Irish Cottages
• Trident Holiday Homes

As we wanted to catch up with as many friends and family as we could we decided to split the trip up.

We spent 3 weeks in Cork, 2.5 weeks in Mayo/Sligo and 4 days in Dublin.

In Cork, we stayed in one rented accommodation that came to 2,654$ (1,818€) for the 3 weeks. We also had to pay an additional sum at the end for utilities which came to 365$ (250€).

For the 2.5 weeks in Mayo/Sligo, we spent 1 week in Ballina for free using our guest points from Homeexchange. A few nights in Strandhill with Mr.MH’s sister and the remainder at Mr. MH’s home.

For the 4 days in Dublin, we split it between Mr. MH’s siblings.

We also had a 2 night stop over in Lisbon to break up the return trip which we again had for free through Homeexchange.

Car Rental

There used to be a day when I would go out of my way to save money by using public transport, but my relationship with money has shifted over the years, especially now that we have Little MH. Now, I am willing to pay a bit more to make things easier on ourselves. It was also important for us to be able to get out to visit our friends and family while we were in Ireland so renting a car made the most sense.

Renting a car in Ireland is, let’s say, interesting.

I’ll try to summarise how best to go about it, to save hassle and added costs.

Before you book:

• See if you have a credit card that offers car rental insurance as an added benefit or see if you can apply for one before your trip.
• Call the credit card insurance provider and get a letter in writing that states that coverage includes the Republic of Ireland. The wording has to be exact. The car rental will not accept terms like “Worldwide” or “Ireland”, it has to state Republic of Ireland specifically for them to accept the waiver. The credit card company may point you to the standard terms and conditions but insist that you get a separate specific letter with the card holders name on it.
• Make sure the credit card is in the name of the person that will be driving, if it isn’t, see if you can order a supplementary card with their name on it
• Make sure you have enough credit to cover the 5,000€ hold that will be placed on the card for waiving the car rental company’s insurance.

When you book:

• Make sure you select an automatic transmission if you can’t drive manual as most cars will be manual, especially if in our case, you converted your Canadian license to Irish, there may be a restriction to only be licensed to drive automatic cars.
• Make sure you waive the car rental company’s insurance when booking.
• Use the credit card that has the car rental insurance as a benefit for the entire booking. The name on the card should also be who will be the driver.
• Decide who will be the driver if you don’t want to pay extra to have both people covered to drive. As above, the driver is whose name should be on the credit card used to waive the insurance.

When you pick-up:

• Make sure you have the letter printed off that states your credit card’s insurance includes coverage in the Republic of Ireland, or better yet send the letter by email in advance to the car rental to ensure they have no issues with it before you arrive.
• Make sure you have the credit card in the name of the person who will be driving
• Make sure you have 5,000€ free on the card for them to place a hold. This will be held for the duration of the rental.
• Make sure you have an in-date license to present
• Walk around the car, taking a video and pictures, to show any damage already on the car, before you drive off the lot.

You can only rent a car for a max of 1 month so if you need it for longer you can just do another booking and get another car for the remainder of the trip. You’ll need to pay again for the extras like car seats and one-way transfer fees if you’re dropping at a different location but that’s not too expensive for the hassle you save from taking public transport with 2.5 months worth of luggage and any groceries you will have accumulated from the stay.

We booked through rentalcars.com and got an automatic Toyota Yaris for the full 6 weeks for 1,112$ (761€) and paid an additional 445$ (304€) for 2 car seat rentals and 2 one-way fees as we had to swap cars at the one-month mark. So about 37$(25€)/day total.

School

We continued some of the activity books we got from the school but also borrowed some lego’s from Little MH’s cousin and some new activity books from friends. Social-wise, we had so many play dates, catch ups and sleepovers with friends and family. It was wonderful.

During the week, Little MH got to go to the sea, climb some sand dunes, go to an indoor trampoline park, meet an Irish wolfhound pup, eat award winning ice-cream, drive a car out to Coney Island, visit playgrounds and other activities.

What it cost

The below details what it cost for the 6 weeks in Ireland in Mar/Apr. Flights are proportioned 60% to this portion of the trip and 40% to the Portugal portion. It also includes a 2 night stop over in Lisbon on the way home. The total cost excluding ongoing costs at home was 9,901$ (6,782€) which averages 6,601$ (4,521€)/month.

• Accommodation: As above, the only costs we paid for accommodation was for our 3 weeks in Cork.
• Food/drink: included groceries, take-aways and restaurants.
• Flights: included 60% of the costs of our flights from Montreal to Lisbon, Faro to Cork, and Dublin to Lisbon for 3 people.
• Transport/Parking: included car rental, petrol, tolls and ubers.
• Entertainment: included a night out, a spa day for me, the trampoline park, and entrance to see the Palace of Monserrat on our stopover in Lisbon (highly recommended).
• Shopping: includes a clothes top-up for Little MH who had outgrown some of the clothes we brought.
• Costs at home: included rent for the full 2 months (not proportioned for 6 weeks), mobile and internet.

Our current estimates on what we will spend per year in Canada is 64,000$ (44,000€) or 5,333$ (3,652€)/month. Averaging out the 6-week stay into the average for 1 month the stay in Ireland was about 1,500$ (1,000€) more than that not including the ongoing costs at home or 2,800$ (1,900€) more per month including ongoing costs at home.

How it went

Overall, it was a great stay. It was a big contrast to Portugal where we saw very few people. Once we were in Ireland, we had catch-ups with friends or family once every few days. We:

• had a dinner and a few sleepovers with some of our best friends
• had a birthday party at Little MH’s cousin’s house
• had a few friends call out to us at ours
• had a dinner with Mr. MH’s whole family and all of Little MH’s Irish cousins at a restaurant
• climbed and ran down some sand dunes (I still have sand in coming out of my shoes months later)
• had the best dinner I’ve had at a restaurant in quite some time (check out Stoked if you’re ever in Strandhill in Sligo – go with a group and order one of everything (tapas))
• had proper catch ups with family.

I also got to go into the office and catch up with workmates and had a full spa day and dinner with a friend. I also got to go for my morning walks in beautiful locations a lot warmer and greener than I would have at home, some through forests, by lakes and by the sea.

For our stopover in Lisbon, we met up with some new friends I had reacquainted with when we were in Portimao, and went to Sintra, had some of the freshest and best pastel de natas I’ve had so far, went to the Palace of Monserat (some of the nicest architecture I’ve ever seen, Little MH was so excited and impressed to be in a real castle – it looked very regal), took the scenic route back to Lisbon through the most Western point of Europe (Cabo da Roca), and stopped in Cascais for dinner at a vegetarian restaurant where they have all the dishes prepared on a table for you to see before you order.

After all that, however wonderful, I was dysregulated and tired and looking very much forward to getting home and back into a routine, keeping in mind that I was still working 3-4 days a week between all those visits and activities for most of the stay.

Once home, while my Dad collected us from the airport, my Mom turned the heat back up in our house and had a fresh pot of homemade soup and homemade apple crisp with apples off last year’s tree waiting for us in the oven when we got home. My Dad had also finished the extension he had been working on in the house so we had a whole new space to expand into. These are just some of the things that continue to remind me that the move home was the right choice for this chapter of our lives.

The first few weeks home were very low-key, not including the first few days where I rearranged all the furniture to make the best use of the new extension.

I had also put on an extra kilo from all the restaurants, pastries and fresh food, so definitely tried to up my exercise game to shake that, which I’ve thankfully been able to do (months later). Totally worth it.

Lessons learned

The only thing I think I’d do differently about this trip, next time, would be to do a bit less moving around so I don’t get so dysregulated. Other than that it was pretty great.

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Planning

Why/When

Firstly, I’ll cover off why and when we decided to travel.

When we were moving from Ireland to Canada last summer, I wanted to have a trip planned back to Ireland within the year to take the sting out of saying goodbye to the life we built there over the last 9 years. Knowing we’d be back in a few months made it easier.

We also wanted to trial slow travel, where you stay for a longer period than a typical vacation in any one location before moving on to the next. This method of travel is used by a lot of families who worldschool and travel full time. It is easier on the mind and body in terms of adapting to change and usually cheaper as you can avail of long-term stay discounts.

In terms of when and where, Ireland was obviously part of the equation but when we decided that we’d want to be in Canada for the summer, it made sense to travel somewhere warmer during the winter. Travelling in the off-season is also quieter and cheaper. When we lived in Ireland, Portugal was only a 2.5 hour flight away and we had been a few times and knew we liked it.

I played around with different durations, originally we planned on travelling for 3 months but when it came time to actually book we felt this might be a little too long to be away from our home base and cut it down to 2.5 months.

Flights

As usual, I had a spreadsheet to plot out the trip. I looked at a few different flight routes and checked prices on google flights fairly regularly to get the best price. Once upon a time, I would have looked for the cheapest deal only regardless of duration and flight times but now I know what toll it takes on my body and I’m willing to pay a bit more for better options. I generally try to find direct flights that leave between 10am and 8pm. I’d love to avoid red-eye flights but that seems to be the only option from Montreal to Europe.

The route options I looked at were:

Route 1:

• Montreal-Lisbon 1 way
• Bus Lisbon-Portimao
• Bus Portimao-Faro
• Faro-Cork 1 way
• Bus Cork-Dublin
• Dublin-Toronto 1 way
• Toronto train to Ottawa

Route 2:

• Montreal-Lisbon return
• Bus Lisbon-Portimao
• Bus Portimao-Faro
• Faro-Cork return
• Bus Faro-Lisbon
• Lisbon accommodation 2 nights

Route 3:

• Montreal Lisbon return
• Bus Lisbon-Portimao
• Faro – Cork 1 way
• Dublin – Lisbon 1 way
• Lisbon accommodation 2 nights

All 3 options priced out at about 3,100$ for the 3 of us. That meant the choice was really down to preference. We opted for Route 3. The longest day was the first flight and bus, the rest were direct 1 way flights/bus trips.

Accommodation

Once we had the flights/dates booked, we needed accommodations. Portugal was the simplest as we were staying in one location for the whole duration. I searched on booking.com, homeexchange.com and a local real estate office which we had found through booking.com and had stayed with a few times before.

As we had been before we knew the area and where on the map we wanted to be so it made it easier to narrow down where we wanted to be.

We ended up booking a three-bed apartment with huge balcony as we hoped we would get some visitors to come stay with us.

School

Little MH is in kindergarten so school is not yet mandatory in Quebec. We let the school know the dates we’d be gone and they provided us with some activity books to work on while we were away.

In terms of socialisation, I found some local ex-pat/digital nomad/ worldschooling Facebook groups in Portimao. During the week, school-aged kids are in school so the playground isn’t a guarantee to find similar aged kids, unless they’re on holiday. The world schooling/digital nomad groups would have more school-aged English speaking kids available during the week for meetups. Little MH went to one of the group meetups while we were there but in general was happy out with just us. While I was working, Mr. MH and Little MH would go to the playground, play on the beach and play ball on the boardwalk.

Packing

We’ve gotten fairly good at packing minimally after all our travels. This time we managed to keep it to 2 40L backpacks, 2 regular backpacks and 1 large handbag.

At a high level we brought:

• 4-5 days worth of clothes each
• Minimal toiletries
• 3 months of diabetic supplies
• School activities, pencil, eraser, markers
• Electronics:
  • Work laptop, keyboard and mouse
  • Personal laptop
  • PS5
  • Nintendo Switch
  • Plug converters and chargers

I have a “leaving for months” checklist at home that I’ll add in at another time that includes the things we needed to prepare before we left to maintain the house/car ie: have plants watered, mail collected, arrange to have the car driven periodically to stop the battery from dying etc. I’d keep a paper list in the kitchen that we could add things to in the days coming up to the trip to help keep track of things not to forget.

What it cost

The below details what it cost for the 1 month in Portugal for the month of Feb. Flights and travel insurance are proportioned 40% to this portion of the trip and 60% to the Irish portion which I’ll detail in another post. The total cost was 4,342€ (6,338$).

We of course have ongoing costs at home which add to this. Costs for Feb for remaining expenses like Rent, Electricity, Internet etc came to 1,369€ (2,000$). Some of the travel costs like flights and accommodation would have been paid in December and January so the outgoing for Feb was not the full 6,292€ (9,187$).

Our estimated annual spend for the 12 months including travel is 44,000€ (64,000$), this averages out to 3,652€ (5,333$)/month. So the Portugal portion on its own is only a little over 1,000€ more than the average monthly spend.

How it went

In summary, it was lovely. The weather was warm and sunny and we had the beach, boardwalk and restaurants pretty much to ourselves, which is typical for this time of year. Working from a nice location was also great.

That said, a month is probably our limit. As we experienced in a previous mini-retirement, even though we had people visit us, it does become very isolating to not have friends and family to visit on the weekends.

A typical work day

• I would wake up naturally without an alarm between 7 and 8am
• Make my way to the kitchen for breakfast
• Little MH would already be awake, playing the switch or PS5
• Make myself and Little MH breakfast, having my tea on the balcony in the sun if it was out
• Get dressed, brush teeth etc
• Go for a walk on the beach by myself, taking a few moments to consciously breathe in the fresh sea air and look up at the sky without sunglasses to let in the morning light to my retinas to set my circadian rhythm and regulate hormones.
• Get back, grab my water bottle and log on to work
• Mr. MH would usually get up some time between 9 and 10am and get himself and Little MH ready to head out for some activity and groceries.
• I would typically have lunch by myself on the balcony
• Work for a few more hours
• Mr. MH would have dinner ready by the time I log off from work
• Eat dinner together as a family
• Spend the evening sometimes doing a school activity or playing card games, sometimes doing our own thing.
• Get Little MH ready for bed and asleep some time between 8:30 and 9pm. I’d usually go to bed at the same time as Little MH.
• Mr. MH would stay up a bit later.

A typical weekend

Similar to the work day in terms of wake up and sleep routine. We’d go to restaurants more often on the weekend. Sometimes for brunch, sometimes for dinner, heading down to the beach and playground either before or after food. I’d call home at some point. We had Mr. MH’s sister over for a few nights one weekend.

A few weeks before we got to Portugal, I saw on Facebook that someone I went to school with was posting pictures of Portugal. We got to chatting and it ended up they had moved there in 2020 and spend their summer’s at a cottage 20 minutes from where we are living now in Canada. Although I was probably 12 years old the last time I saw them in person, we decided to meet up. They came down with their partner for a night and we got to catch up. We will likely meet up again this summer. Such a small world.

Lessons learned

As with every trial, there comes some error to learn from As long as we learn from them, it will make the next trip even better.

1. We may have been able to save money on groceries by availing of grocery delivery from bigger chains. Continente and Uber Eats offer food delivery which we’ll likely avail of next time.
2. Uber/Bolt to and from the airport is only slightly more expensive and less hassle than the train and bus that we used to take. The bus/train takes 1.5 hours from Faro to Portimao and you still need to use Uber to get to the train and to the accommodation costing about 28€ for the 3 of us. Uber was 50 minutes total, 40€, and no timetables to worry about.
3. In regards to deposits, from now on we will take a video tour of the accommodation as soon as we get there. This trip Little MH accidentally pulled a curtain rod down and as a result the property manager did a thorough walk through when we left and blamed us for breaking a number of other things that were broken when we got there. We are still trying to get some of our deposit back on this one. Also, best to give the deposit as a separate payment not included in the total for the accommodation so that you can dispute it with your bank if needed. Lastly, perhaps booking through a website like booking.com rather than directly though the property company might give you more protections in terms of these types of disputes.
4. Packing wise – next time we might try to pack 1 checked bag between us. Having to carry all our bags on our backs any time we move around is cumbersome. While it’s nice to not have to wait for your bag in baggage claim and there is no risk of it going missing, we’re still trying to find the balance of what we carry and what we check.
5. As mentioned before, a month is probably a little too long, unless we can get more people to come visit us. I think the sweet spot might be 3 weeks.

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Today’s post outlines our family of 3’s annual spend for 2023. It is worth noting that half the year was spent in Ireland and the other half was spent in Canada.

Total spend in 2023 came to:

€63,547

This is almost double last year‘s spend. The increase was largely due to our move to Canada.

Not included in this figure are the costs/proceeds from the sale of our house in Ireland, the sale of our investments, our income tax refund (8k), or the cost of our new car in Canada- offset by the sale of our car in Ireland (17k) and any other income offsets.

Overall Spend

Here is a summary of the main categories with spend over 2,000€.

And all main spend categories summarised by annual and average monthly spend in both Euro and Canadian Dollar.

EURO

CAD

Food

EUR

CAD

Food stayed almost exactly the same as last year at 10.1k.

Our grocery category (8.7k) includes everything you’d buy at the grocery store so can include alcohol, toiletries, cleaning products, the odd centre aisle item like small tools, toys for our son etc.

Grocery spend was about 400€ more than last year but we spent less on take-away and restaurants (600€ less combined).

So even given the rate of inflation this year on food, we don’t seem to be seeing that much of an increase in our grocery bill, this is likely due to our efforts to eat as little processed foods as possible. We also plan our meals and make lists for grocery shopping which helps reduce food waste.

If we convert the full annual food spend of 10.1k into cost per person per week – assuming 2 adults and 1 small fella (I’ll average at 2.75), it comes to 71€/week/person.

For those that are wondering about the food cost difference between Canada and Ireland. We haven’t really noticed much of a difference.

We shop online at Walmart which helps us avoid the shopping when hungry additions you inevitably throw into your cart, and are usually able to find discount codes using this chrome plug-in that knocks off about 20$ each week. As above, we try to eat whole, local, organic, fairly treated foods as much as possible, so even with the added costs for organic, I do think it is less than a lot of pre-made, processed foods would be. We are averaging about 200€/week since moving to Canada.

Monthly Bills

EUR

CAD

Monthly bills came in at just under 10k which is 2,500€ more than last year. The vast majority was mortgage/rent (6.4k). This is higher than last year as we are now renting instead of paying a small mortgage.

Gas was only 100€ more than last year at 1,265€ but we didn’t have a gas bill once we moved to Canada as our rental is heated with Electricity.

Electricity was 80€ less than last year at 457€. Electricity in Quebec is relatively cheap at 7.3¢/kwh.

Internet was 127€ more than last year as we are now paying 44€/month instead of the average 37€/month we were spending in Ireland (due to new customer offers).

Mobile was slightly less than last year at 520€ but this is only because we’ve been sharing a phone. I am very rarely not in a place with wifi so I don’t really need a phone plan. We are now paying about 30€/month for a bring-your-own-device plan of 20GB and unlimited calls/texts in Canada.

Moving Costs

EUR

CAD

As mentioned, we moved back to Canada this year. This is hopefully a once-in-a-decade cost ;). We spent 7,560€ to ship our furniture. It was well worth the cost for us to have all our belongings transplanted into our new home to help us feel at home more quickly. We spent a lot on our furniture and accessories in Ireland and it made sense to ship them rather than sell them off and replace them on this end. The other costs were flights and shipping materials.

Vacation

EUR

CAD

We spent more than double on travel this year than we did last year at 7.6k. The reason it is higher is that we had 2 weeks in Portugal (from Ireland), 3 weeks in Paris (from Canada) and bought our flights from Canada to Portugal and Ireland for early 2024 in Dec of 2023.

So flights came in at 3,356€ which was 310€ for Portugal from Cork for the 3 of us, 1,278€ for Paris/Ireland from Montreal for 2 of us, and 1,766€ for Portugal/Ireland from Montreal for the 3 of us.

Food came to 1,850€ for the 5 weeks so about 370€/week (compared to the average of 200€/week when staying home), due to taking part in restaurants and nights out on holiday.

Despite being abroad for 5 weeks, our accommodation costs only came to 1,912€. This averages out to 54€/night including 3 weeks in Paris. We managed this largely because we used our guest points that we had built up from home-exchange. We managed to stay almost the entire 3 weeks in Paris without paying for accommodation and we still have 2-3 weeks of points left over!

Here are some of the places we stayed.

Home

EUR

CAD

Home costs were significantly more than last year coming in at 6.7k compared to 1.8k. Part of the reason this looks to be so much higher is that our home-related costs last year were probably lower than usual as we knew we would be moving and did not buy anything we didn’t need. Once we moved, we had to buy a lot of new stuff to get set up in Canada. We sold a lot of our electronics and some furniture in Ireland which helped towards some of the costs but I can’t say we didn’t have fun buying new stuff.

We spent 2.4k on electronics including 2 new TVs, a sound system and 2 PS5s.

We spent 1.2k on furniture including dining room chairs, a kitchen island and a headboard.

We spent 900€ on small appliances including an espresso machine and BBQ.

Accessories costs seem very low at 385€ but this is because we offset these purchases with sales of stuff in Ireland. We sold off 2.4k of stuff in Ireland but bought 2.8k of stuff in Canada. Biggest costs here were an inflatable hot tub, new Christmas decorations and blinds. Although we are renting, we did still need a lot of organisational things like towel bars, soap dispensers, storage bins, door mats etc.

Smaller amounts then, were spent on maintenance, renos getting the house ready for sale, plants and insurance.

Our insurance costs seem so low as we got refunds from our cancelled Irish policies.

Medical

EUR

CAD

Medical costs were higher this year, coming in at almost 4k compared to 1.4k last year. Although we only needed health insurance for part of the year it still cost us 1.8k as we had to pay for interim insurance in Canada while we waited for our government insurance plan to kick in.

Doctor costs were also quite a bit higher at 1k. The largest part of this was my autism assessment and diagnosis which I had to pay for privately. Mr. MH also had to go to a private clinic a few times in Canada to get forms completed for his license and to get a prescription as we don’t yet have a family doctor.

Prescription costs were also higher as we had to pay out of pocket for Mr. MH’s diabetic stuff until we could apply for coverage under the provincial plan.

Little MH had a broken tooth which ultimately needed to be extracted, poor guy, so that brought up our dental costs. We should be getting a tax credit against that next year though which should offset that.

These costs should be significantly lower next year once all our tax credits and benefits kick in.

Transportation

EUR

CAD

Transport costs were only slightly higher than last year at 3.4k instead of 2.8k.

Petrol was about the same at 1.3k although I expect this to be lower next year. When in Ireland we had a 2012 hybrid but when we first moved to Canada we borrowed an older car for the first few months which would have cost more in petrol. In October we bought a 2021 hybrid and are seeing a big reduction in fuel costs so this will be an interesting comparison next year.

Car repairs and maintenance came in at 1k and is largely due to the cost of our winter tires. We hope to get a few winters out of them so again, hopefully this will be less next year.

Car insurance appears lower as we got a refund from our Irish policy which offset the costs on the Irish side. Next year this will appear higher. We pay 870€ for car insurance.

Entertainment

EUR

CAD

Entertainment was 1,400€ less than last year. We spent 480€ less on video games and 285€ less on alcohol. Mr. MH also got money back on sporting events as he had spare tickets to the Rugby World Cup which he sold on. In total, we spent 2.1k on entertainment.

Spending across sub-categories was fairly even between 100€ and 400€ on each.

Other

EUR

CAD

The remaining categories were largely between 1,000€ and 2,000€ each.

Misc was the highest at 1.8k. I got my Irish citizenship this year! This was the cost of my certificate and last-minute flight changes to Ireland.

Another 1.8k was spent on personal stuff like clothing, toiletries, haircuts, accessories, winter boots etc.

I had 1.7k of expenses for work, including indemnity insurance and customs on the shipment of my laptop.

Giving includes charity and gifts at 1.7k. Gifts include birthdays, Christmas and a thank-you gift for my parents for minding little MH while we were in Paris.

Kid stuff includes things like, activities, books, clothing, school supplies, and toys. The biggest cost here was a swing set and trampoline.

Blog costs came in at 873€ for insurance and subscriptions to run the website.

Health costs include things like classes and exercise equipment (800€). This year we bought a bike, a paddle board and some weights and I went to a few yoga classes.

Goals for next year

Needless to say, I’m hoping our costs next year will be significantly lower!

I’m going to target 43,000€ (63,000$). This will include 2.5 months in Portugal and Ireland along with our increased costs from renting.

The time off has given us some insight into what it would be like to retire early. We enjoyed the time so much that we have now structured our investments in a way that we hope will allow us to do this regularly, at least while our son is still small.

While this time off was initially meant for me to focus on my health, there were a lot of other things we got to learn and experience that we wouldn’t have if we were working.

Finances

As this is a financial independence blog, I’ll start with the financial realisations.

Non-employment income

One of the most interesting realisations I had during our extended time off was that while I had focused heavily on where we spent our money, I hadn’t looked at non-employment-related income. When we stopped working, we still had money coming in.

When I looked back at the last almost 4 years, it ended up that we had an average of 7,500€/year of non-employment-related income coming in. 38% came from tax refunds (explained below), 31% of that came from blog-related income, 23% came from the child benefit and 2% from credit card cashback rewards. If I added in after-tax dividend income (before we invested all of our assets), it brought the total to 8,600€/year.

While this income is not fixed, permanent or reliable, it has been consistent over the last 4 years, which is long enough for me to feel comfortable factoring in that I do not need as much as I thought I did to reach financial independence.

Our original FIRE calculations did not take into account any money we may make once we stop traditional employment, nor did it take into account social security or any possible inheritances. All calculations erred on the side of caution and scarcity.

Now that we’ve been off for over a year, my mindset has drastically shifted. It’s given me a new perspective, one of abundance. To use the money we have now to live the best life we can (optimised and within reason of course). I’m even considering gifting money where before, I would have hoarded it. The more positivity and abundance I feel, the more seems to be drawn to me.

Tax refunds

Another realisation, which should be obvious but hadn’t occurred to me, is that working less means much less income tax and results in big refunds from any of the year that you did work. As Mr. MH was also off, we could also claim the Home Carer tax credit against my income, which only gets applied at the end of the year and results in a bigger refund.

From the 2020 tax year, we got a refund of almost 700€, for 2021 we got a refund of 2,700€ and for 2022 we got a refund of 8,200€.

The less I worked, the bigger the refund.

If semi-retirement is something you could be nearing, don’t look at how many months you’d need to work to cover your annual expenses at your current tax rate. Figure out instead how many months you’d need to work at say a 10% net tax rate instead and look at any other regular non-employment income that might be coming in and see what a difference it makes.

Costs to work

Having time on your hands allows you to unintentionally save money.

When both parents are working, you might spend more money on take-away dinners, lunches at work, use more petrol or public transport, have a gym membership to get your recommended level of exercise and travel at peak periods due to school breaks.

Since both of us have been off, we have cooked more, eaten almost all our lunches at home, used far less petrol, gotten exercise from just living our lives and get to travel more cheaply as we travel at off-peak times and can stay for longer which costs less.

On the exercise front, neither of us are very active, however this summer I managed to close the exercise ring on my watch (30 minutes a day) for 21 days in a row without trying. With all the swimming and walking and paddle boarding, I got my recommended daily exercise without effort. If I had been working, I’d have been sitting at a desk and would have had very little energy at the end of the day to fit in any exercise.

Unfortunately, I haven’t kept up that level of effortlessness but did want to highlight that for those thinking retirement would cost more than if you were working because you would not have work subsidies or would have more time and want to travel, that is not necessarily true.

Being off work also allows you to take advantage of getting to do things when they are less busy and less costly. Early bird menu’s, mid-week spa rates, getting a playground or nature walk all to ourselves and so on.

Renting instead of owning

Renting instead of owning a home has been a change that has resulted in less stress and less expense.

Less Stress

No stressing about mortgage rate increases or housing market crashes and no stressing about maintenance when things break.

Fewer Expenses

Less money spent on renovations. Less money spent on home ownership costs (purchase and sale costs, maintenance, property taxes, refuse, insurance etc).

We owned our home in Ireland for 5.5 years. If we average out these costs over the 5.5 years, we spent the following to own it:

• 7,200€/year on renovations, purchase and sale costs
• 3,800€/year on mortgage interest
• 1,200€/year on maintenance
• 1,100€/year on home insurance, property tax, mortgage insurance and refuse
• 13,300€/year total

We sold it for more than we bought it for and estimate it earned us an average of 6.63%/year (tax-free) on the money we had invested into it.

Now I know the argument for home ownership is not purely financial. For us, we bought because we wanted security to not be kicked out, to put our own stamp on things and to control rising rents. We loved our home and it served us well.

That said, we now pay the equivalent of 8,100€/year in rent (2 bedroom 1 bath in a very remote area in Canada) and have our money invested. So far this year our investments have earned us 14.53% (before tax), but since we haven’t worked much this year, we will pay very little if any taxes on any withdrawals.

And before people say that level of rent is impossible in Ireland, looking on Daft today (Dec 2023), there are a number of 2-bedroom properties available around the country for between 850€ and 1,000€/month – if you’re willing to downsize and have the option of working remotely. Not that I recommend isolating yourself, but if any of these are closer to a community you already have and can reconnect to, it could be food for thought if it could allow you to semi-retire much sooner than you’d originally thought.

Travel

During our 16 months off, we travelled to Canada (2.5 months), Portugal (1 week), Canada (Moved), France (3 weeks) and Mr. MH travelled to Birmingham for a Football match. If we’d been working, we would not have been able to travel to half of those places or for half as long.

Most of these trips also included friends and family. Time in Canada was spent catching up with friends and family. Our trip to France was for the Rugby World Cup and we had at least 8 of our closest friends and family stay with us at different points during our stay there. Mr. MH also went to a football match in Birmingham with a childhood friend.

We got to mix in my passion for travel and Mr. MH’s passion for sports AND got to share it with some of our favourite people.

Family time

We also made up for lost time from the pandemic and crammed in so many family catch-ups.

Between christenings, confirmations, communions, birthdays, sporting events and other family gatherings, Mr. MH’s family got together once or twice almost every month. Given how large Mr. MH’s family is, that is no small feat. I think with nieces and nephews included, there are about 25 of us that come from all over the country.

We were to Mayo 4 times, Tipperary at least 3 times, Dublin twice, Galway and Leitrim once each and Mr. MH got to 5 Rugby matches in Cork, Limerick, Galway and Dublin.

Again, something we would not have been able to manage if we’d both been working.

Our calendar looked something like this:

Pink is international travel, Blue is national travel, Green is sporting events and Black are milestones.

Friend time

In addition to the additional time we got with family, we also had more time with friends.

At this time in our lives, our friends are so very busy with work, kids and all the activities that come with juggling the two. As time with friends is a priority for us, and because we had more flexibility, we would arrange to go to our friend’s houses when best suited them. If we’d been working we wouldn’t have seen our friends half as often as our schedules just wouldn’t have lined up. We would even text friends mid-week and see if they wanted to come by for dinner or even bring a slow cooker out to their house for us all to eat together. Using our time to save them time and get some extra time together.

We also had the flexibility to meet up with friends when they were off during the week. We could go meet up for coffee or lunch in town or meet friends who were on maternity leave for walks or playground visits. I got to go to the spa mid-week a few times with friends who were off from work.

During the summer, a friend was on sabbatical and we met up to spend a day on the lake, floating around and laying in the sun. It was the first time in my adulthood that I can remember just laying on the ground and watching the clouds rolling by – queue Otis Redding.

Couple time

When we were still in Ireland, our son was in playschool for 3 hours a day. As we were both off, we would use this time to go on brisk walks together in nature. It was a great way to get exercise, fresh air and quality, child-free time together. Once we were in Canada and our son was in school all day, we used the time to watch movies and play video games together.

Me time

As I’ve been focusing on getting healthy, my sleep routine has shifted in that I go to bed around the same time as our son. If I were working, this would leave very little time to do anything for myself. As I’ve been off, I had time to decompress, listen to podcasts and read books that energise me and do active rest activities that I enjoy like diamond painting and jigsaw puzzles while listening to music. It’s been nice to feel like an individual again and be able to get some time to focus on things uninterrupted.

Mr. MH also followed his interests and did his own thing. He listened to copious amounts of sporting podcasts and recently started a full-time 10-week French course which he’s really enjoying.

Parenting

In terms of parenting, I’ve realised that no matter how much time you have, you still want to just do your own thing. I thought that if I was off work I would have so much more time to spend with my son and I could stop feeling guilty looking at Instagram pages with educational activities parents were setting up for their kids. I had all these ideas of activities we could do together, fun crafts, outdoor activities, cooking and baking together and so on. Once both me and Mr. MH were off, it didn’t really change how much time I did active things with our son. While Mr. MH was good to bring our son to the playground and get him outside, I might sit on the floor to play with him for 5 minutes to get him going on something but then I’d get up and go back to doing housework, laundry, cooking or even something leisurely I was interested in. I say this because I thought it was important to stop feeling so guilty, especially if you are working and have little quality time with your kids. To say that, even if you were off full time, you probably wouldn’t have much more time as it gets filled up with other things.

The other thing I’ve really appreciated is that with both parents being off, we had so much more flexibility and less stress. Having both allowed us to be more present and patient with our son. If play school or school was closed at a moment’s notice, no problem. If our son was sick, we didn’t have to worry about who was going to take work off. If our son was having a tough week, we just kept him home. If we have a family event on a bank holiday weekend, no rush, we can leave whenever suits, or even the day before and make it a longer weekend. If we have travel coming up, packing and organising isn’t stressful as we don’t have to juggle work schedules before we go. Having less stress allows us to create a calm and consistent home environment which is so important for a child.

Time and Boredom

The last thing I’ll comment on is that no matter how much time you have, it will get filled up.

When I first went down to a 4 day work week, I thought I would have so much more time for all of the things I mentioned above, but I didn’t – it helped but wasn’t near enough for what I hoped. When I was planning to take extended time off, I thought it would be easy to find time to exercise. It wasn’t.

If you want to spend time on things that are important to you, you need to make those a priority. You need to safeguard your time as it really is your most precious resource. If you don’t guard it, others will take it up.

In terms of boredom, I can honestly say, it’s only started to creep in recently as I’m alone during the day, with little MH in school and Mr. MH in his full-time French course. You may have noticed an uptick in blog posts – this is how I’ve been filling my time! It wouldn’t take long though for me to get into a new routine and find new things to fill my time. It would just be a period of adjustment.

That said, I am actually looking forward to getting back to work and catching up with my colleagues. The last time I worked, it was for a 6-week contract and it was a trial run for myself to see if I was ready to get back to work. I actually found myself energised by the work, to use a different part of my brain and have problems to solve on a daily basis. To feel like I was contributing to something. I do think that semi-retirement is a happy medium. To dip in and out of work life as wanted/needed. Will keep you posted on how it goes.

Asset shift

Before we moved back, our assets were split per the below chart:

Our home made up the majority of our equity (66%), then our Canada ETFs and Irish stocks (Mr. MH’s old work scheme) made up 11% each and our Irish ETF portfolio made up 7%. We kept a cash buffer to cover a few months of living expenses, making up 3% and our car made up 2%.

For now, our new asset breakdown looks like this:

79% of our equity is now made up of our Canadian ETF portfolio. 12% remains in our Irish stock account which we will start to sell off when we start to withdraw from the portfolio. 5% is the value of our car and 4% remains in cash as an emergency fund.

In terms of existing assets, I wasn’t going to sell them off and trigger a tax event unnecessarily so for now our portfolio will look a bit more complicated than it needs to be. Eventually, as we start to sell off funds when we start to withdraw, we will sell off the funds we no longer want to hold first and our portfolio will get simpler over time.

Detailed Canadian ETF Breakdown

Once we moved, we had to decide how to restructure our assets. I didn’t want to have assets in 2 countries as I didn’t want to have to keep filing taxes in both as well as to continue managing multiple investment accounts and portfolios. I’m a big fan of the keep-it-simple approach.

As mentioned in my last post, we decided we would rent instead of buy a new home for the time being and so we wouldn’t be needing any large sums any time soon and even if we do want to buy again, we’ve decided we’d like to save up and start again, leaving the rest of our assets invested to grow.

To start building out our new portfolio, I did up a budget, figuring out how much cash we would need to cover the next twelve months including the purchase of a new car and other setup costs. I also figured we needed to leave some cash in our Irish account as we had plans to travel to France, Portugal and Ireland within the next twelve months and there was no point converting the cash only to convert it back again a few months later. Once I knew how much we needed to leave out, we took the money from the sale of our Irish home, sold our Irish ETFs and moved the money to Canada. From there I took the opportunity to apply the knowledge I’ve acquired in investing so far and made up a new consolidated ETF portfolio.

Initially, I was just going to continue replicating the ETF portfolio I already had. It has performed well enough and has good diversification, but when it came to investing the largest sum of money I will probably ever invest at one time, I thought about all the other long-time FIRE bloggers that I follow. All of the American bloggers have said time and time again to just invest in VTSAX (Vanguard Total US Stock Market Fund) and block out the noise about anything else. J L Collins says he plans to never sell and just live off the dividends.

The bloggers I follow worked to reach their full FIRE number before retiring early but have way more now than they will ever need, partly because they never really stopped working. They just work how and when they want to work now, on things that they are passionate about. Working for money is optional for them but if you have the drive to reach FIRE, you are not going to be the kind of person to sit back and never earn money again. Looking at my investment portfolio and own journey to FIRE in this light gave me new perspective. I decided I would follow suit and take a bit more risk than I previously would have by investing in one ETF with exposure ONLY to the US stock market.

Consideration 1: VTSAX is not available in Canada. After some research, I found a very similar fund. This post gives a good comparison. In summary, if you buy VUN (Vanguard Total US Stock Market ETF), it’s made up of the same underlying stocks as VTSAX but it is purchased in Canadian Dollar. Unfortunately, the annual management fee is 4 times higher than if you were in the US (0.16 instead of 0.04) :(, I suspect this is due to currency conversion costs.

I could have converted my Canadian Dollar to US Dollar and bought VTI or VUS (other similar funds in USD) but that added more complexity, more currency hedge risks and would subject me to US withholding taxes which I’d have to track and claim back at tax time. Again, I’m all for the Keep It Simple approach which just means I’ll pay a slightly higher annual fee.

Consideration 2: Not all of this money is mine alone, some belongs to Mr. MH and so he had to agree with the latest shift. He bought his previous ETF portfolio after me and although his was made up of the same funds as mine, the timing meant that his portfolio dipped for much longer and his best-performing fund during the pandemic was VCE (Vanguard FTSE Canada Index). Because of this, he felt more comfortable keeping at least some of the portfolio invested in a Canadian stock market ETF.

This meant that our target portfolio allocation was going to look something like 95% VUN and 5% VCN (Vanguard FTSE Canada All Cap Index) – this is a newer, broader ETF than VCE.

I started off by investing the proceeds of our house first. I bought mostly VUN and a small amount of VCN per the plan. Then as we were moving over the proceeds from our Irish ETF portfolio my nerves started creeping in about how over-exposed to the US markets we were. I decided I wanted to build back in some regional diversity and looked for another fund or two to help round out my portfolio. As we add more money we will purchase the other funds to balance it out a bit more.

Previously our ETF portfolio was made up of 5 funds. Now I think I can get the diversification I’m comfortable with in 3.

Our new target is something like 80% US, 15% Developed Markets excluding US, 5% Emerging Markets

This should give us a weighted MER of 0.19%, estimated annual growth of 12.02% and estimated annual dividends of 1.58% (based on returns since inception per current fact sheets).

Our current portfolio including our Irish stocks currently looks quite disorganised but I’m ok with that as the estimated returns of the portfolio are slightly better than the above projections. Our current weighted MER is 0.18%, estimated annual returns are 12.28% and dividends of 1.37%.

Once you get to a certain level of funds, you can start to see really fun gains or really scary losses on a daily basis. This has been an interesting experience. Our life’s savings are literally all in the stock market. We signed up to an account which lets you consolidate all of your investment accounts into one dashboard with reports. So far our Canadian accounts have gone like this:

The blue line is contributions and the green line is value of investments. So in August, we lumped in our house proceeds and we saw a nice uptick, very shortly followed by a downturn which didn’t go below our initial contributions but was still a drop of 24,000$ in the span of a few weeks. Thankfully, this has now gone back up to above where it was at the previous peak but before you go putting large sums into investments, be sure you are committed to the buy and hold strategy as the smallest drop in your share price can result in big drops in your portfolio. If you sell when it dips, you are locking in your loss, but if you hold on for long enough it will recover.

The current year to date returns are coming in at 14.53% not including dividends.

Different accounts

Another thing I haven’t gone into yet are the different investment accounts available in Canada. As soon as we got back, we opened up a number of new accounts under each of our names in order to maximise our tax benefits. Below are the different accounts we currently hold in each of our names.

• Tax-Free Savings Account (TFSA)
• Register Retirement Savings Plan (RRSP)
• First Home Savings Account (FHSA)
• Margin Account

The TFSA gives you a certain amount of money you can invest per year tax free. This is after tax income but grows tax free and is tax free on withdrawal. Unfortunately for us, your contribution room stops growing once you are out of country so we only have a portion of the 88,000$ room other Canadians have. Still it’s a great account to have.

RRSP’s are similar to Irish pensions in that they are tax-deferral accounts with annual contribution limits where you contribute to them in your higher earning years to reduce your taxable income, the investments grow tax free until withdrawal, at which time you pay your marginal income tax rate. The benefit Canadian RRSPs have over Irish pensions is that you can easily open an account and manage the funds yourself and there is no minimum age for withdrawal.

FHSA’s are tax-free savings accounts to help people save for their first home. There are annual contribution limits up to a maximum of 40k, contributions are tax-deductible, growth is tax-free and withdrawal is tax-free. Contrary to what the name implies, if you have NOT owned your primary home in Canada in the last 4 calendar years, you are still eligible for an account. If you do not decide to buy a house in the end, you can roll the money into your RRSP without impacting your RRSP contribution limits. Your contribution room only starts growing once you open an account so even if you don’t intend on investing/saving for a home, it might be a good idea to open an account just in case you do in the next few years.

Margin accounts are your usual taxable after tax investment accounts.

As we’ve been out of country for 9 years, our contribution room in our TFSA and RRSPs are not as high as they could be but something is better than nothing. So for now, we have maxed out our TFSAs, RRSPs and FHSAs and lumped the rest in our Margin accounts. As I haven’t worked much this year, this may seem like a waste as I won’t have income tax to reduce but getting the money invested and allowing it to grow as soon as possible will outweigh the tax savings I would have made if I had spread it out over higher income earning years.

There is also a Registered Education Savings Plan (RESP) we may look into for our son but I’m not 100% sold on the benefits vs. restrictions. Should our son not go to third level education in Canada, your marginal income tax is charged on withdrawal PLUS a 12-20% withdrawal penalty. For now I’ll just keep investing in our other accounts and use those funds to pay for college if needs be.

As Forest Gump once said: That’s all I got to say about that.

There have been some big changes in the Money Hacker household over the last 12 months. Aside from my journey back to mental wellness, we’ve had some exciting changes too. This post will cover the What, When, Why, and How’s of what’s been going on.

What

We moved back to Canada! We sold all our assets (house, car, furniture and Irish investments) and moved all our money to Canada. We are now renting a two-bedroom house in the countryside and have invested all our money in ETFs (exchange-traded funds). We are test-running semi-retirement, seeing how our portfolio performs to see how much or how little we need to work to cover the rest of our expenses. We’re also looking to split our time between Canada, Portugal and Ireland over the next 12 months. Should we wish to buy another house at some point, we will start over, building up a new downpayment and getting another mortgage. We would hope that our portfolio growth would cover our mortgage payments at minimum at that point and would still be mortgage-neutral.

When

I knew in June of 2022 that I wanted to move back. It took many months for me to convince Mr. MH that this was not a passing whim (of which I have many in fairness to him). It was particularly hard for Mr. MH to come to terms with as I had been so adamant only weeks prior that I had zero intention of moving back to Canada for as long as I could see. Given my state of mind at the time, I can understand his reluctance. During the time it took me to convince Mr. MH, I researched, plotted and planned. We sold off furniture and toys, donated books and got the house ready for sale. Whether we moved to Canada or not, we still planned on selling our house and moving within Ireland to somewhere closer to family/friends as you’ll read about below. In the end, we reduced our last 9 years and a three-bedroom house into a 20-foot shipping container. Finally, by June of 2023, we flew back to Canada with what was left of our belongings trailing behind us.

Why

Part of the change stemmed from the isolation I felt during the pandemic and my state of mind. I was in search of 2 things. 1. The ability for me to quit work, preferably with Mr. MH off at the same time for a significant amount of time and 2. Community. I ran through many scenarios trying to figure this out.

One of the silver linings of the pandemic is that it opened up the opportunity to work remotely and although that has changed somewhat since, there are still opportunities that weren’t there before.

At one point, we were looking at buying an old farmhouse on 5 acres of land in Mayo to be closer to Mr. MH’s family and to be in nature.

At another, we were looking at a house in the same estate as some friends of ours in Cork where we could be mortgage-free and live off one part-time income. And every option in between, each option we considered had to tick both boxes, and for each we compiled a list of how much closer we would be to how many friends and family members. Then about 2 weeks before we were due to come back to Canada for the summer, a switch flicked. I knew then that I needed to come home. I couldn’t describe it as anything other than intuition.

Now, we are renting a two-bedroom house in the countryside less than 2km from my parents. I thoroughly appreciate the sense of community I so lacked. I see my parents almost every day. We have each other over for dinner once or twice a week and borrow milk and random ingredients from each other (we are a 40-minute drive to the nearest town). My sister randomly bought me a pair of pants she thought I would like. My Mom, while watching my son, baked zucchini bread as an activity and made an extra loaf to share with us. She also recently made me a pot of homemade soup when I was sick. My Dad helps us with things around the house. My siblings drop by unplanned or at short notice. We have play-dates with cousins and family BBQs. In the Summer, we spend time at the lake 20 minutes away. I got a paddle board which I absolutely love to get out on. My parents watch our son from time to time which has allowed us to get some alone time.

We even got to go to France for 2 weeks for the Rugby World Cup child-free! None of this was possible from where we were. Prior to this, we had been away from our son only twice for a total of 4 nights in 4 years.

It’s not all one-sided. I get to help out too which I thankfully now have some energy to do. I help with things like tech support, babysitting, lifts to doctors’ appointments, dinners and house cleaning for example. We also buy things for each other where we see it’s needed without expecting anything in return.

For this chapter of our lives, it feels like friends are so busy with kids and activities that it’s hard to schedule in any time together. If we are to see other people regularly, it’s far more likely if we are closer to family – at least for now.

I recently listened to a wellness podcast that said that community and connectedness are a missing link in sustained wellness and I couldn’t agree more. It’s made a huge difference to the quality of my life.

How

The move went as smoothly as it could have gone, though I like to think my level of planning had something to do with that.

I use a software called Asana to help manage big to-do lists. It’s shared with my husband so we can each work away on things and keep each other updated in one place with the progress using comments and attachments. Our move to Canada list had the following sections:

• get house ready for sale
• packing/shipping
• before we leave
• finance stuff
• after arrival
• quality of medical care research
• shopping on arrival
• house to-do (rental)

We would add to the list as soon as we thought of something else that needed to be done and keep it up to date as we went along to make sure nothing got forgotten. Coming up to the last day, I also had a paper to-do list on the kitchen counter with the last-minute stuff.

I also had a spreadsheet (of course) which had the following tabs:

• rent vs buy analysis
  • this included the total of our assets alongside various options of buying a house vs renting a house to see how much our portfolio would cover of our living expenses and how many months of the year I would have to work to cover our remaining expenses. Some example scenarios below.
  • I also kept track of the exchange rate trends and calculated what gross salary I would need to make to cover all expenses after taxes in the 2 provinces we were considering (Quebec and Ontario have very different income tax rates)
• move furniture
  • this was an analysis of what we paid for our furniture, what we thought we could sell it for second hand, what we would have to spend to replace it in Canada vs what it would cost for us to ship it
• home build
  • we also looked at the option of severing a plot from my parents’ farm to build a prefab home
• rent option
  • this looked at what rental yield we thought we could get if we rented our Irish home out instead of selling
• estimated cost of living
  • this included a few of the rent vs buy scenarios using our current cost of living in Ireland as a base and adding/taking away costs per our research and understanding of Canadian costs
• move costs
  • this included estimates on how much the move would cost us including house sale costs, shipping and flights as well as the sale of our car. This was used to help us manage cash flow as we knew we’d need some large sums available for things before the assets from the house sale were freed up

We had a few administrative hiccups getting set back up on this side but overall can’t complain. We had a very soft landing in that we had a place to stay for the first few weeks with my parents. And then when our furniture arrived, we moved into our rental.

Of course, wrapping up our life in Ireland and saying our “see you later’s” was hard and definitely had me questioning my decision the closer we got to leaving but now that we’re 5 months in on the other side I have to say it was the best decision for our family for this chapter of our lives.

Rent vs Buy Scenarios

In this section, I will go through the various scenarios we considered when looking at renting vs buying in Canada. All of the below scenarios were based on actual houses available to buy/rent in the areas we were considering. I will generalise the information without giving specific personal figures however, I will share the actual expected outcomes of each for comparison purposes.

1. Buy house for cash, invest the rest, withdraw 7.5% of portfolio per year, add on non-employment non-dividend income (tax refunds, child benefits, passive blog income), minus base living expenses.
2. Buy house with 90k mortgage, invest the rest, withdraw 7.5% of portfolio per year, add on non-employment non-dividend income (tax refunds, child benefits, passive blog income), minus living expenses (base + mortgage).
3. Buy a duplex with 70k mortgage, invest the rest, withdraw 7.5% of portfolio per year, add on non-employment non-dividend income (tax refunds, child benefits, passive blog income), add on Air BnB income for the other unit minus living expenses (base + mortgage + additional homeownership costs) minus Air BnB fees and rental income taxes.
4. Rent for 1,000$, invest everything, withdraw 6.5% of portfolio per year, add on non-employment non-dividend income (tax refunds, child benefits, passive blog income), minus living expenses (living expenses including rent would be comparable to owning as home ownership costs are much higher in Canada – higher property taxes, higher insurance)
5. Rent for 2,100$, everything else the same as option 4 except increase withdrawal from portfolio to 7.5%
6. Rent for 1,000$, spend an additional 2,500€ in rent for 3 months in Portugal/Ireland, everything else same as option 4 except decrease withdrawal from portfolio to 6%
7. Stay in Ireland, move to a house where we could be mortgage-free with assets from our current home, leave remaining assets invested, withdraw 6% from portfolio, add on non-employment non-dividend income (tax refunds, child benefits, passive blog income) minus living expenses (current minus mortgage)

The below table shares the outcomes of each of the above scenarios in terms of remaining expenses that would need to be covered through employment income.

Selling our house

We sold our house using auctioneera. They offer all the same services as a traditional estate agent but for a flat fee instead of a percentage which saved us a few thousand euro. We liked the online nature of their service and the dashboard/updates you’d get after every viewing.

We did a lot of decluttering and staging ourselves. Our house listing went live on Feb 17. We had a total of 4 group viewings with 19 people from Feb 23 to Mar 10. For each viewing, I made sure the house was spotless, aired out and staged the same as we did for the photos. On some days I even made fresh cookies so the house smelled of baking. On the evening of Mar 10, the bidding went available online and we watched 6 people make bids on our home. It finished up at 40k over asking. We went sale agreed on Mar 16. We had a condition that we needed the house until the end of June so we moved out on Jun 22 and had funds in our account from the sale on July 12.

Moving furniture

As mentioned above we were quite torn on whether the cost of shipping our furniture was worth it.

We estimated we spent around 17k on furniture and accessories for the house. If we managed to sell all of it (which was unlikely), we’d maybe stand to make about 25% of that back (4k). We’d then have to replace all of that furniture on the Canada side. We estimated it would cost us about 10k to replace what we’d need. This would not be a like-for-like replacement. As we hadn’t planned on leaving Ireland, the furniture we bought was higher quality – stuff we really liked. We’d also likely still have some things to ship as we had some sentimental items like a few baby things, teddies/toys for our son, and a wedding present that is dear to us that we couldn’t fit in a suitcase.

Our first shipping quotes were at peak due to pandemic backlogs, port congestion and strikes. They ranged from 9,500€ to 11,000€ for a SHARED 20-foot container not including insurance.

I found a site called Freightos that tracks the ticker rates for certain shipment routes. Like tickers for the stock market, there are similar ticker rates for freight costs – referred to as the FBX. I signed up to their newsletter and kept up to date on the rates for our shipment route. We used this as a basis for comparison when looking for new quotes closer to the date of our move. A year later, we got updated quotes from the existing companies and they were coming in even higher than before! It pays to shop around as we got a quote from a different company and managed to get our full 20-foot container including insurance for 7,560€.

We still had to downsize some of our furniture in order to fit everything into 20 feet and there were some things we no longer needed or electronics that wouldn’t work in Canada so we still had to sell some things and replace them on the other side on top of the shipping but it was oh so nice to get our furniture from our Irish life to help us feel at home more quickly in Canada. I think this was particularly helpful for our son’s adjustment to his new life, to have some elements of familiarity.

In terms of timing, we sold our car the morning the movers came! Our furniture was packed up and collected on Jun 22nd. We got a taxi to our friends’ house where they surprised us with a final gathering of some of our best friends for dinner and then we flew out the very next day. Our furniture arrived at our new rental on August 1st. There were quite a few forms to fill out and sign off on. One set of forms you have to have completed and signed on arrival in customs when you fly in, in order to avoid paying customs on your personal items. Then once it arrived at the port, we had to drive to Montreal to sign another customs form in order to release the goods.

Moving Money

We did a good bit of research trying to find the cheapest way to get out money moved back to Canada. As we were moving such a large sum, both the exchange rate and the exchange fees were going to make a huge difference so this was an important one.

When I first checked with a currency broker I had used in the past, they were offering an exchange rate that was 0.13 points lower than the market rate. This seemingly small number was going to cost us over 7,000$ (4,700€) in difference.

I ended up finding a company called Atlantic Money who give you the market rate and only charge a flat fee per exchange. The catch was that the transfers were limited to what our online banking would allow per day which was 10,000€. This meant I needed to make a transfer per day for a lot of days to get the full amount changed over but this also allowed us to “dollar cost average” with the exchange rate. Even with the flat fee and the number of exchanges we needed to make, the fees came to less than 100€. A far cry from the 4,700€ cut the broker was going to take.

As I hadn’t used them before I started with a small transfer of 1,000€ to make sure it got to my Canadian account as expected. Once tested, we continued on with the daily transfer until all funds were transferred. We had to prove where the money came from for anti-money laundering purposes but it was super fast to complete and get approved.

They also now have a Business account if you have a business and work or get paid in multiple currencies.

Home build

We also priced out what it would cost to buy a plot of land off my parents and build a pre-fab home.

In 2022, this was what we had estimated.

For a prefab 2-bedroom bungalow like this one, it would cost between 434,000$ (295,000€) and 487,000$ (331,000€) including site works and land.

Break-down looked like this:

Estimated cost of living

In Ireland, by the time we left, our annual cost of living was averaging at about 36,000€ with a small mortgage.

Annual expense posts here: 2022 (35k), 2021 (38k), 2020 (39k).

We mapped out a few scenarios of living expenses in Canada per below:

Of course, these are estimates and we will get a better sense of what is realistic once we’ve lived here for 12 months, which I hope to share, but for now, we had to start somewhere. I used sites like numbeo and local blogs/forums/family to get a sense of what things cost here now. Will keep you posted on how close or far off we were.

And that about covers it! It looks like a lot of effort now looking back but we were both off and I’m a good planner so it was a lot more gradual than it looks reading it all in one blog post.

In my next posts, I’ll give an update on what our new Canadian portfolio looks like now as well as how we spent our time in the almost 18 months we were both off together.