July 2019 Income & Expenses – Savings Rate: 64,9 % !

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Another great month in terms of savings! Here is my income & expenses for july 2019!

Seems like you loved the flow diagram from last month, so I’ll make it this month as well! The flow diagram visualizes 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 july:

My income this month was $4629,2. As you can see most of it (91 %) 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.

This month I had to loan some money from my partner to put into my investing account (the rent is 0 % ofc, and it will appear as an expense next month).


Here is what my expenses looked like in july:

My expenses this month was $1626,5. A slightly normal month for me.

I’m happy with spending “only” $1626,5 even if I’m far away from breaking my record low expenses from april!

As always I strive to reach a passive income level of $2000/month,  it would mean I would be 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.

Tracking my expenses is motivating and fun. It really makes me think twice about buying things.

Savings rate

This month’s savings rate was 64,9 %.

My goal this year was a savings rate above 60 %. 

I will keep pushing to increase my savings rate, but I don’t want to do it in trade of having a good life every month.

The point is this: to increase my savings rate I therefore have to earn more (and yes, I got a new job which is taking care of this!).

You can read more about my new job and how much I will earn in my newsletter.

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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.

Read all my posts in chronological order here: Archives

Have questions, comments or suggestions? I would love to help you with your FI-journey.

Feel free to reach out directly at @Route2FI on Twitter or email me at post@route2FI.com

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10 Replies to “July 2019 Income & Expenses – Savings Rate: 64,9 % !”

  1. Good to see your expenses are on track for your 5 years plan. Keep it up 😉

    1. route2fi says: Reply

      Thanks, amigo!

  2. Congratulations on a great month, an impressive savings rate and the new job! 🙂

    1. route2fi says: Reply

      Thanks, mate! How was your month? ?

  3. An excellent month! Have you planned any summer holidays (perhaps you already had them) July was a heavy month for me ( but planned for) due to the holiday factor.

    1. route2fi says: Reply

      Was two weeks in Copenhagen, so August will be a lower savings month I think. Where were you on holiday?

  4. Great job on the savings rate!

    I’ve never understood these types of a flow diagrams, but more power to you. I’ve always fancied myself as a table guy. Guess I’m not down with times.

    1. route2fi says: Reply

      Thanks, mate!

  5. Solid month, solid salary and a solid savings rate.
    Recipe for FIRE.
    The flow diagram works really well, keep it coming!

    – Financial Nordic

    1. route2fi says: Reply

      Thanks, my nordic fellow!

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