How have I been doing? For the month of October I was at a saving rate of 26.5% of my income. About 45.5% short of my goal! I'm very disappointed in myself (sad face). I attribute this to 2 things, first being that I had to pay early for my vacation this winter, which consisted of over 66% of everything I spent last month. Secondly, I had to pay for my homeowner's insurance premium (18%), which should effectively smooth out as the year goes on since it's an annual contract.
Another big expense would be the purchase of a new home, which carries a lot of additional expenses. I've found a way to mitigate this with roommates. A contract was signed this week for one and I'm working on the second. If I can find a second, this should help mitigate two-thirds of the costs as one would expect with 3 people living there. Pretty low cost of living even for me.
It'll be interesting to see how this increases or decreases over the next 2 months and then going into the winter. I've been keeping track of the income and expenses on my iSpending app, which has proven to be incredibly easy to use and customizable. It's like $3, but well worth the money!
I never thought I'd be so disappointed to save over a quarter of my income, but that's the way it is. That's the whole point of setting up a BHAG. Now that a big expense is out of the way, I'll have to see how the rest of the year goes. If my future spending habits go the way they did this past month (minus the big purchase), then I should be back on track for the 70% range.