April 2019 Income & Expenses

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Wow, what a record month! Here is my income & expenses for april 2019!

This month I wanted to make a flow diagram to visualize both my income, expenses & savings in the same figure. What do you think of it?

The currency is as always USD $.


Here is what my income looked like in april:

My income this month was 4623,3 $. As you can see most of it (94 %) was from my day job.

The post “Rent from partner” is for the shared cost (housing). My fiancee transfers to me, and then I pay the bill. No sales at ebay this month. Not good!


Here is what my expenses looked like in april:

My expenses this month was 1276,6 $. That’s 510,3 $ less than last month! This is an extreme month for me!

What have I done differently this month?

It’s been warmer weather, which means:
-lower electricity bill (reduced by aprox. 140 $)
-bicycling to work (my public transport is reduced this month by 135 $!)

I was shocked that I only spent 1276 $ this month. I think May will be more expensive, I am going to attend a wedding and there is also a lot of social happenings which I want to attend.

As always I strive to reach a passive income level of 2000 $ a month, it would mean I am financially free! More on that in the net worth report.

I really consider buying things before I actually do it. FIRE has made me save a lot of money, but at the same time I sometimes blame myself for spending money on things that I know I could survive without (fancy dinners eg.).

It feels good in the moment, but it doesn’t give me enough pleasure to defend the high costs.

This month I don’t think I had any unnecessary costs, and I’m getting really motivated to try to keep my expenses low in the future.

For those who don’t know, I’m in the middle of the process in getting a new job. I’m expecting to have the contract by next week. Hopefully I’ll get a 5 – 10 k $ higher salary. But the best part, no commute and only 4 minutes walking from my apartment!

And as well, I don’t need a monthly public transport subscription if I get a new job.

Savings rate

This month’s savings rate was a whopping 72,4 %, which I think is way over my expectations. It feels too good to load up my index funds, and in the next post about my net worth you’ll see how my progress are.

I can already reveal that my net worth report will be extreme. Wait for it!

Read all my posts in chronological order here:Β Archives

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20 Replies to “April 2019 Income & Expenses”

  1. Nicely done! Wow! It’s hard to get savings over 50%, let alone 70!!!

    You’ll be FI in no time at this rate! As I’ve said, it’s the savings rate that really matters. Looks like you have your eyes on the right ball!

    Rock on!

    1. route2fi says: Reply

      Thank you so much, Eelis!
      This was an extremely frugal month for me ? Don’t think I will save that much next month, but I’m really motivated of course ?
      Are btw your wife as good money as you in terms of FI?
      Is she pursuing FIRE as well?

  2. Congrats on the progress with the new job, hope it will work out for you!

    72.4% savings rate, woooo, you’ll be FI within a few years,
    Seems like you’ve had a great month, keep up the good work!

    1. route2fi says: Reply

      Thank you for the motivating words! We had the same savings rate for april! ?
      How much time do you blog every week btw? How do you handle to post so much? ? Keep pushing it!

  3. Shawn Davis says: Reply

    great post thank you.

    1. route2fi says: Reply

      Thank you, Shawn!
      How are you doing in terms of FI? Had a great month? ?

  4. ogellers says: Reply

    Incredible savingsrate! You put every norwegian to shame when they complain about not beeing able to save.. People just dont want to make the sacrifice today so they can choose freedom tomorrow. Good for us, bad for them. Keep up the good work πŸ˜€

    1. route2fi says: Reply

      Thank you! Sick month, and I wont manage to save that much every month ?
      You are really motivating me by the words you say!
      How did your month go? Is pengevett up now? If not, please share your numbers here ?
      Keep pushing!

      1. ogellers says: Reply

        Pengevett is down, and i don`t think it will get back up. If i does, i will probably stop contributing there because of the problems the site has had now and previously. If i start a blog to document my journey i will link it there i guess. April ended up at 53% savingsrate i think. I posted this in a earlier comment here on your site. Love the flow diagram thing by the way.

        1. route2fi says: Reply

          Okey. So why not start a blog? ?
          It’s pretty easy to start, I can give you some advice if you like eventually ?
          53 % is great. Think of most people, how much do they save? 0%? Or maybe Γ₯ negative number because of credit cards.
          Thank you! I made the flow diagram with SankeyMatic ?

  5. 72.4% is crazy. Congrats! You do finances separate to your partner? Are you planning on merging them post marriage or keeping them separate? Interested to learn more as it’s a bit of a foreign concept to me. Could you maybe do a post on this?
    My wife and I have a shared and open bank policy and we discuss any major purchase. I’m the appointed family CFO lol.
    She brought 17k debt and I brought >1M to the partnership. I love her to bits and money/debt is nothing between us, very tight interdependent(not co-dependent!) relationship.

    1. route2fi says: Reply

      Thanks, Ben!
      Yes, we do our finances separate. We have a bank account where we each month transfer aprox. $220 both of us ($440 combined). That’s covering groceries.
      We also own an apartment together 50/50, estimated value is $515,000. But we pay separate on this, because she wants to pay down her debt faster, while I want to invest.
      When we get kids we’ll probably combine our income more in a way. But I still think we will do a lot separately, as I like to become FI. MY fiancee loves to work, so she’s not that motivated to save as much as me. But I love her anyway, FI is not everything.

      Sounds like you have a good and tight relationship about money. About the marriage part. I haven’t thought about what to do with the finances yet. Do you have a prenup? Any tips according to this?

      1. No prenup. I should say she’s my ‘wife’ but we are engaged. I have always called her my wife…term of endearment I suppose lol.
        Being the family CFO, I ultimately make the call on purchasing decisions, but she has a spending account that gets money put in each week for whatever. it caps out at $500, and the remainder just goes into long term savings.
        I make the payments on her student loans when due to avoid incurring interest(its how it works over here in NZ) and she is the homemaker and full time mom+runs a business I built a couple of years back.
        I spend basically nothing on a personal level, maybe $20-$50 a week on myself most weeks, yet we still save 90%(Mostly due to self-employed high-income, investments that we just about live on & no mortgage). We put this into cash & then chunk purchase more investments to grow our income/growth portfolio, managed by myself.
        It’s a system that works well for us, but it’s also a product of our tight ‘interdependent’ (not co-dependent) relationship. Something I think is vital to building a legacy family.
        Hope any of this is of use to you. πŸ™‚

        1. route2fi says: Reply

          Sounds like you have a great relationship! It definitely shape me to get feedbacks like this, so thank you, Ben! It’s quite insane that you can manage to save 90%! How much is your income? πŸ˜€
          Best wishes for you and your family, Ben!

  6. Wow, over 70%! Great work, keep it up! FI will hit you in no time. Enjoy the journey πŸ™‚

    1. route2fi says: Reply

      Thank you so much!
      How was your month? Was the market nice to you?

      A wise guy once said that it is the journey that is exciting, when you get what you want – there is no excitement anymore.

      So I do enjoy every day on my journey to FIRE!

  7. Congrats on that awesome savings rate. There’s a lot I can learn from you here! Also, I like that Spotify makes the list (as in, you actually pay for your music???) Stellar.

    Best wishes with the new job!

    1. route2fi says: Reply

      Thank you so much, Savvy History!
      Of course I pay for music.Don’t you? πŸ™‚ One of the most important ingredients in everyday life!
      What do you think of Beach House btw? https://en.wikipedia.org/wiki/Beach_House
      One of my favorite bands! They’re from Baltimore, US

  8. Very impressive job keeping your expenses low! Similar to what Savvy History said, there’s a lot I can learn from you here. I am almost in awe at how meticulous you are at managing your money. 72% savings rate is outstanding. Thanks for the motivation, Awesome news about the new job!

    1. route2fi says: Reply

      Thank you so much, RTC! As long as we both are motivated to pursue FI, nothing is better πŸ˜€
      You’ve putting in a lot of hard work with the blog lately, and I love it! How many hours a week do you spend for blog related tasks weekly?

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