10/22/18-11/18/18 Expense Report (79.54% Savings Rate!!!)

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:

Takeaways

  • 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!

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4 Replies to “10/22/18-11/18/18 Expense Report (79.54% Savings Rate!!!)

  1. This is AMAZING. Savings rate is through the roof! Your efforts are definitely paying off! I look forward to some day having a savings rate about half as good as yours. Also kicking butt on the blow fund is fantastic.

  2. I’m not sure exactly why but this blog is loading incredibly slow for me.
    Is anyone else having this problem or is it a problem on my end?
    I’ll check back later and see if the problem still exists.

    1. I’m sorry it is slow for you. It loads decently for me and I check it on other computers. Let me see if there is anything I can do on my end to make the experience better for you!

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