BlessedBovine

January update:

Our household suffered this past month. We had reduced income (I took a pay-cut to start a new self-employment venture), and we had some unexpected expenses that pushed our costs above normal. In terms of Sats, we had to dip into our savings resulting in a net loss of 3.93%. In terms of fiat, the purchasing power of our remaining Sats (savings) still had a net increase of 4.70% when priced in USD (our local fiat).

Just tracking the fiat amount: we would be down -4.14% in savings Granted, we would've had 100% less Sats (in savings) had we not converted all of our fiat to Sats going into this year.

#Strike Bill Pay worked as intended. There was a nerve-racking hiccup where the option disappeared on our account, but it was quickly resolved by their support team. We also had to provide a certificate of marriage so we could pay my Wife's credit card bill.

We weren't able to put any savings into long term cold-storage via

because we were at a net loss this month.

In short: Sats were down (we dipped into savings) 3.93% Fiat Value (of our savings) was up 4.70% (despite dipping into it)

If anyone is interested, I'll keep updating in percentage terms how our life looks on a monthly #BitcoinStandard

#Boom #Booming #LivingOnBitcoin #Bitcoin #SatLife

For those in the United States who are 100% off the USD and are #Bitcoin only:

How do you budget? How do you know the amount of #Sats you need to meet your expenses each month? What's the most useful service to take care of #Fiat bills? How do you get paid? How do you account for federal tax purposes?

It makes sense to put everything on a credit card, and pay that off by liquidating #Sats that have been held for more than one year each month. However I'm struggling with the concept of making mortgage payments and the like. Unless you keep a separate open line of credit for that.

Interested to hear what US citizens have worked out for that...

#BTC #Nostr #AskNostr #Boom #Booming #Boomed #BitcoinStandard