While not as monstrous as my last 4-week period, I am happy with the results.
I got to a 72.04% savings rate from two key factors:
- My 11% raise becoming effective during this period
- Unnecessary/rainy day expenses being way down
My company’s performance review cycle came during the middle of this period. I walked away with an 11% raise and a verbal commitment to a 5-figure bonus this year.
I worked my ass off, honed my skills, and brought new business into my company. I have been keeping my resume updated so recruiters constantly get in touch me, which solidifies what I know to be the value I bring to my company.
As for the unnecessary/rainy day expenses, nothing broke around here; I was spared from any silly, unavoidable purchases. This is simply luck, but I will take what I get!
There were capex items (electronics) that I needed to purchase during the 10/22 to 11/18 period, but food and entertainment went up this time around. Because of that, expenses for this period and last were pretty much the same.
Yes, I spent a lot of money on food and outings with my friends, and do not regret one bit of it. What is the point of obtaining financial independence and early retirement if I don’t have friends to share it with, especially during the holiday season?
Here are my expenses for this period:
- As predicted, food expenses went up due to special occasions (holidays). If I take away all of the holiday meals, my grand total for food during this period comes out to only $49.29!
- Any holiday gift expenses will be pushed out until the next period. I have spent nothing on gifts so far, which is a fact I am very proud of! Black Friday deals were insane this year, but I just kept my head down and reminded myself that spending money on material things is pointless. I will just be handing out cash to a few close family members.
- I will be leaving on a trip soon, so my blow fund will be drained. I do not plan on going on another big vacation anytime soon, so I will have a good amount of time to build back up my Blow Fund. For this of you just getting on board my blog and wondering what that Fund is, I have a brief explanation in last period’s report.
- I went on a 6-day period without spending a single dime! I went back to my spreadsheet, and it turned out to be the longest no-spend streak since a 7-day streak back in June 2017!!
- I am not proud of spending only 1% on books. It was actually 0% last period. I really need to step it up with self development and investing in myself. Reading more and investing in myself will be my main 2019 goals.
- Savings went down 9.43% compared to 10/22 to 11/18, but it was from an unusually well-performing period. At 72.04%, I am still doing well above average compared to my previous 4-week periods. I’ll take it!
Annualized, this puts me on track for a $24,837.02 year. This is already down more than $3,000 from last period! This is a great indicator for next year, as I made a goal to spend less than $23,000 in 2019.
Considering that many of the food expenses this period were non-repeatable because of the holidays, I can lower the food expenses this period for a preview on what I can potentially lower my annual expenditures to.
My food costs typically fall around $250 for a 4-week period. Taking that into account, my annualized expenses can be as low as $22,568.52. Obviously that is assuming everything goes as well as it did this time, which is unrealistic. However, it gives me reason to believe that my goal is achievable.
A more reasonable prediction would be taking the average of the last two 4-week periods I have been analyzing. Annualized, it comes out to $26,387.47 per year. It is heading in the right direction.
I like it.
Special Bonus Section
I want to give another shoutout to AMC’s A-list. I promise I am in no way associated with AMC! This is absolutely my best purchase of the year. I have watched five movies during this period and easily got my money’s worth. Here are my spoiler-free thoughts on each:
- Fantastic Beasts: The Crimes of Grindelwald. This film was a waste of time, talent, and potential. Johnny Depp’s character was flat and boring, but he made the best of it with great delivery and the usual Depp-charisma. Grindelwald had always been hyped as one of the most powerful characters in the Harry Potter Universe. He was the only one to truly rival Dumbledore! What a waste! The sloppy script and try-hard attempts at forcing in Game-of-Thrones-type plot twists were cringe-worthy. I regret sitting through this. (1/5)
- Green Book. I absolutely loved this one. Viggo Mortensen melted himself into his character and portrays a crass, violent, but empathetic anti-hero with a spine. The film knew exactly what it was, and you could tell everyone involved was having fun. This is the best feelgood movie I have seen in a long time. (4/5)
- Schindler’s List. This was the first time I have ever seen the movie. I had been tempted to watch it at home, but am so glad I had held out until it was up on the big screen again. I went in thinking that today’s ultra graphic and violent movies like John Wick and Saw would have desensitized me, but I was fully unprepared for how powerful this film was. My heart was broken. Everyone needs to watch this at least once in their lifetimes. (5/5)
- Widows. The entire cast was great in this. I had never had the pleasure of watching Viola Davis in any movie or show, but she blew it out of the water. The script was A+. I do not want to get too deep into this one in order to avoid spoilers. Just watch it! (3/5)
- Spider-Man: Into The Spider-Verse. This is hands down the best Spider-Man movie ever (Yes, better than both The Amazing Spider-Man and Homecoming!!). The visuals were unique and the story was fresh. They took the origin story shtick and turned it on its head. They need to make a series of movies out of this. There is a post-credits scene (when is there not??) so stay for it! I will be watching this one again. (5/5)
That’s all, folks!