October 2020 Income & Expenses – Savings Rate: 84,7% !

Reading Time: 3 minutes

Interested in my new e-book? Order it here.

PS! Since you’re a reader of this blog I’ll give you 40% off the price if you use the discount code (limited offer): route2fi2020

πŸ‘‡

Buy my product


Income & Expenses For 2020 As A Whole

Here is my income & expenses for this year so far.

Income October 2020

Here is what my income looked like in October 2020:

My income this month was $9313,5.

Expenses October 2020

Here is what my expenses looked like in October 2020:

My expenses this month were $1423.

As always I strive to reach a passive income level of $1,666/month,Β  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 at 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 84,7%!

My goal this year is a savings rate above 75Β %! I’m proud to tell you that my savings rate for this year so far is 84,5%!

I will keep pushing to increase my savings rate, but I don’t want to do it in the 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 is.


Read all my posts in chronological order here:Β 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


</strong> <strong>Signup for my free newsletter and get the best articles, podcasts, and quotes from the investing-world every Wednesday.</strong> <strong>
Loading

Leave a Reply