We are the Fivers… Well, not really – but for the sake of this blog, I am Mr. Fiver.
Life of Fiver is my personal blog about personal finance and the art of living a balanced family life, all seen from a Scandinavian perspective.
Our family is as stereotypical as this blog is personal. We are a family of four; husband (me), wife (naturally younger and better looking than me) and two kids – older brother and younger sister.
My wife and I both work. She works part time at shifting hours – and I have a full time job with shifting hours and an extra job on the side. Both kids go to school and attend sports several times during the week.
We are a busy family, and our work hours require a lot of planning on a weekly basis. The day-to-day planning, meal planning and our efforts to organize the family will be covered in the Family Life section of this blog.
53%… That is my marginal tax rate this year. That is, of the next 100 danish kroner I earn, I will pay 53 of them back to the government before it hits my bank account. Furthermore, a great deal of the last 47% will be paid as VAT when I decide to spend. Our VAT rate is 25% on nearly all items.
The Fiver family earn slightly more than the median income of Danish families. We do not consider ourself to be wealthy, but definitely not poor either.
In my younger years, I was a big spender. Big spender! This cost me a fortune in credit card interest, overdraft fees and “stupid tax”. Perhaps this has thrown me into my later years focus on bringing my familys finances back on the right track with compulsive expense tracking and nitpicking every expense. Today I float somewhere in between these two extremes.
The Scandinavian Perspective
When I built this blog, I wanted to differ my writing from the many great financial and personal development blogs already available. Although I am Danish, and many of the specific issues I face will be specific to Denmark or at least the European Union, I want this blog to reflect my thoughts in a way that will appeal to readers globally.
Scandinavian design is globally known as simple, elegant and long lasting. Iconic designs like Bang & Olufsen, Lego, Volvo, Royal Copenhagen, the Egg Chair and the Sidney Opera House all originate from a simplistic idea without too many bells and whistles to dillute the elegance.
Denmark has been said to be the happiest country on Earth. We also pay some of the highest taxes in the World. How these two combine? Well, I’ll try to elaborate on that in future posts.
The Purpose of this website
I hope this website will serve two purposes. First of all to allow me to share my story and my thoughts along the way. Second for me to keep learning, improving and finding the perfect balance for me and my family.
I hope you’ll join the joyride and follow along. (oh yeah, they’re Scandinavian too!)