This 4-week period was the best I have had in a while!
A few significant pieces of the pie turned out really well to get the savings rate to 79.54%:
- MONSTER month from my rentals
- Low food costs
- Side hustles paying out
These things could not have happened at a better time, as I had to make a couple of large, unavoidable purchases for the home.
Compared to the 4-week period before this, my expenses overall were down largely because I went on vacation during the 9/24 to 10/21 period. Individual expenses went up just because I keep track of normal expenses and vacation expenses differently.
Every month, a portion of my income goes to my “Blow Fund”. It is basically the term I use for my vacation budget. All my vacation expenses get pulled out of this. I upped my “Blow Fund” contribution this period as a bit of a reward for myself.
Each of my everyday expenses are tracked normally.
Here are all my expenses for this period:
- My food expenses have been in really good control for this period, but it might have been an anomaly. $180.40 comes out to around $45 a week. That will be blown to bits if a special event or occasion happens. With a bunch of my friends turning 30 soon, my 2019 food budget will likely balloon. Good thing I have a plan to offset that.
- Thank goodness for AMC’s A-list subscription. I watch at least one movie a week, and paying just $19.95/month is extremely crazy bang for buck.
- As I mentioned above, expenses overall are down compared to the last 4-week period. This is probably from vacation burnout due to my recent trips (not that I’m complaining!). This will period will really, really help with my numbers for the year.
- I will be handing out cash to my family for gifts on Christmas, but Black Friday and holiday expenses were at $0. I am hyper aware that spending money frivolously on value-less expenses does nothing for me. The best deal you can find anywhere on the planet is saving 100% by putting away your wallet.
Annualized, this puts me on track for a $27,937.91 year. This is trending down compared to the past few periods. I will have better data once I start compiling these monthly reports. This is low compared to the average American.
With that said, I am aiming for a $23,000 year in 2019.
There are a couple of really easy targets for me to help reducing costs:
- The electronics expenses will not likely occur again. They were for one-time purchases that I expect to last. This will mean I can very likely bring down that portion of the budget for the foreseeable future. If I cut that out and assume I buy no electronics for 2019, I will be on track for a $21,002.54 year.
- I upped by “Blow Fund” contribution for this period. If I stayed on course, I would have about $2,000 extra for the year. This would come out to be around $19,000 of expenditures for 2019.
Obviously, those are ideal conditions, and we all know that random crap happens. There will be unexpected items I will need to open my wallet for, but at least I know that it is entirely possible to aim for a $23,000 year next year.
Overall, I think I did very well.
My expenses have been trending downwards, and savings up.
2019 will hopefully be a great year!