A record month in terms of savings!
Here is my income & expenses for september 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 september:
My income this month was $5514,3. As you can see most of it (97 %) was from my day job.
I’ve started in a new job with a better pay, so you may notice that the salary is higher than usual.
Here is what my expenses looked like in september:
My expenses this month was $877,4! Wow, how is that even possible? Let me explain.
I increased my mortgage on the house, and when you do that you don’t have to pay on your mortgage that month. As you see from my expenses I had no expenses regarding mortgage this month.
No mortgage down payment.
No mortgage interest.
I’m happy with spending only $877,4 and this is by far my best month in terms of lowest 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.
This month’s savings rate was 84,1 % !
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.
Have questions, comments or suggestions? I would love to help you with your FI-journey.
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