October 2019 Income & Expenses – Savings Rate: 84,9% !

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A record month in terms of savings! Here is my income & expenses for october 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.

The currency is as always USD $.



Here is what my income looked like in october:

My income this month was $6739,8. As you can see most of it (97 %) was from my day job.

I’ve started in a new job with a higher salary, so you may notice that the salary is higher than usual.


Here is what my expenses looked like in october:

My expenses this month was $1018,3 ! Wow, how is that even possible? Let me explain.

I increased my mortgage on our apartment, and when you do that you don’t have to pay on your mortgage that month. As you see from my expenses I had almost no expenses regarding mortgage this month. I’m happy with spending only $1018,3 and this is one of my best months in terms of low expenses. I even beat my great run in 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 84,9 % ! 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.

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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5 Replies to “October 2019 Income & Expenses – Savings Rate: 84,9% !”

  1. Congratulations on the new job, new home, and fantastic savings rate! You are well on your way to reaching your financial goals!

    Question: are you tracking your gross income here, or your net income?

    1. route2fi says: Reply

      Thank you! After taxes ?

  2. Just curious to know what the tax rate is over there. Typically for high income earners it is atleast 20% in the US and there is state income tax too – another 10%. Also electricity is so low! Here I can burn $250/mth on a hot month.

  3. good job on the new job!
    I’m impressed that you keep your costs under control so well – but come on, new job… are you going to celebrate a bit?
    I’m not talking about going out and buying an Armani suit or Porsche but will you do something?

    Good luck!

    1. route2fi says: Reply

      Thank you! I’m taking 3 weeks off in december 😀

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